By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) -A consortium led by Japan Industrial Partners (JIP) has formally submitted a proposal to Toshiba Corp to take the troubled conglomerate private after securing commitments for 1.4 trillion yen ($10.6 billion) of loans, sources said. Major Japanese banks, including Sumitomo Mitsui Financial Group, had issued letters of…
(Reuters) – Index provider MSCI said on Thursday it had determined that some Adani securities should no longer be designated as free float after market participants raised concerns about the eligibility of the Indian conglomerate’s companies for some of its indexes. Changes for Adani securities associated with its MSCI Global Investable Market Indexes are due…
SINGAPORE (Reuters) – Oil edged up in early trade on Thursday, extending gains for a fourth consecutive day, as crude loading disruptions in Turkey and optimism over China’s recovering demand continued to buoy sentiment. Brent crude futures rose 14 cents, or 0.2% to $85.26 a barrel by 0239 GMT, while U.S. West Texas Intermediate (WTI)…
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) -A Japan Industrial Partners-led consortium has secured commitments for 1.4 trillion yen ($10.63 billion) of loans to finance the buyout of Toshiba Corp, two sources said, removing a major hurdle in the group’s long effort to take the troubled conglomerate private. Major Japanese banks, including Sumitomo Mitsui…
WASHINGTON (Reuters) – President Joe Biden said on Wednesday he did not believe the U.S. economy will fall into recession either this year or next year, his most confident prediction on the fate of an economy that is still rattled by fears of a downturn. Asked in an interview on the PBS NewsHour program whether…
By Lananh Nguyen MIAMI (Reuters) -JPMorgan Chase & Co. Chief Executive Jamie Dimon told Reuters on Wednesday that the U.S. economy remained in good shape, but warned “sticky” inflation could prompt the Federal Reserve to raise interest rates above 5%. In a wide-ranging interview with Reuters, Dimon warned of the adverse impact of stricter regulation…
(Reuters) -Istanbul’s stock exchange operator suspended trading until Feb. 15 and cancelled all Wednesday’s trades in the wake of devastating earthquakes that struck Turkey and Syria on Monday. The tremors rocked Turkey and Syria in the early hours of Monday, with hundreds of buildings collapsing and the combined death toll across both countries climbing above…
MIAMI (Reuters) – JPMorgan Chase & Co. Chief Executive Jamie Dimon told Reuters on Wednesday that the U.S. economy remained in good shape, but warned “sticky” inflation could prompt the Federal Reserve to raise interest rates above 5%. (Reporting by Lananh Nguyen; writing by Saeed Azhar, editing by Deepa Babington)
By Michel Rose, Belén Carreño and Kate Abnett PARIS/MADRID/BRUSSELS (Reuters) – A new row has erupted between France, Germany and Spain over nuclear energy, with Paris furious about a lack of support from Berlin and Madrid for its efforts to have nuclear-derived hydrogen labelled as ‘green’ in EU legislation, sources said. The dispute, which could…
(Reuters) – Netflix Inc on Wednesday laid out plans to crackdown on password sharing for accounts on its streaming platform, including setting up primary location and paying a couple of dollars for an extra member. The video-streaming giant, which has estimated that 100 million around the world use a shared account, said that members can…
