By Helen Coster and Jack Queen (Reuters) -Fox Corp Chairman Rupert Murdoch will be questioned under oath on Thursday and Friday in a defamation lawsuit over his network’s coverage of unfounded vote-rigging claims during the 2020 U.S. presidential election. Election technology company Dominion Voting Systems says Fox News Network amplified false claims that its machines…
By Jamie McGeever ORLANDO, Fla. (Reuters) – If the Federal Reserve is to ease U.S. monetary policy this year, it may be a backdoor loosening around its quantitative tightening channel rather than lower interest rates. The catalyst? The U.S. debt ceiling. As yet another debt ceiling crisis looms – potentially the most rancorous to date…
(Reuters) -Kushner Companies on Thursday denied informing Veris Residential Inc it was not interested in pursuing an acquisition of the multifamily rental property developer. Real estate investment trust (REIT) Veris said on Wednesday Kushner Cos had ended talks to acquire it, after months of chasing the company with sweetened buyout offers. “At no time did…
LONDON (Reuters) -British supermarket chains Asda and Morrisons have settled a multi-million pound lawsuit against Mastercard over fees charged to retailers. The two companies reached an agreement with the global payments processor and withdrew their cases on Tuesday, according to an order published by the Competition Appeal Tribunal (CAT). The terms of the settlement are…
By Noah Browning LONDON (Reuters) – Oil futures rose slightly on Thursday, recouping losses from earlier in the session as an expected rise in Chinese demand and further restrictions on Russian exports suggested market supply will remain tight. Brent crude futures rose 36 cents, or 0.4%, to $85.34 a barrel at 1415 GMT. U.S. West…
By Elisa Anzolin and Federico Maccioni MILAN (Reuters) -Italy’s EuroGroup Laminations, a maker of electric motor components, said on Thursday it planned to launch a new share offering in Milan as early as next month, as the market for public listings thaws after a tough 2022. Market volatility fuelled by Russia’s invasion of Ukraine and…
(Refiles to remove extra space in headline) SHANGHAI (Reuters) – JPMorgan and Standard Chartered won Chinese regulatory approval on Thursday to expand operations in China, as Beijing encourages expansion by foreign companies after lifting its restrictive COVID policies. China is speeding up the process of granting permissions to foreign institutions in a move to boost…
By Angelo Amante, Giuseppe Fonte and Ilona Wissenbach ROME/FRANKFURT (Reuters) – German carrier Lufthansa said on Wednesday it had offered to buy an minority stake in ITA Airways, betting on reviving the loss-making successor to Italy’s Alitalia and expanding its footprint in Europe. Lufthansa said Italy is the most important market outside of its existing…
By Aditi Shah and Arpan Chaturvedi NEW DELHI (Reuters) -A union in India has sued General Motors’ local unit and its global CEO for failing to pay court-ordered compensation to sacked factory workers, deepening the U.S. automaker’s struggles to exit the country years after it shuttered local operations. GM stopped selling cars in India in…
By Jayshree Pyasi MUMBAI (Reuters) – An Indian regulator is investigating investments between Nippon India Mutual Fund, the largest foreign-owned fund in the country, and Yes Bank between 2016 and 2019 for suspected misuse of investors’ money, sources said. At the time, the parent company of the mutual fund was owned by the Anil Dhirubhai…
