By Milana Vinn (Reuters) – Cvent Holding Corp, a U.S. software provider that facilitates in-person and virtual meetings, has rejected a $3.9 billion acquisition offer from buyout firm Blackstone Inc, people familiar with the matter said on Friday. Blackstone is taking a break from the negotiations after Cvent rejected its $8-per-share offer as too low,…
By Howard Schneider NEW YORK (Reuters) -The Federal Reserve will be hard-pressed to lower inflation without a significant blow to U.S. economic activity and a sharp rise in unemployment, and even then may miss its 2% inflation target for years to come, a group of top economists concluded after a review of central banks’ past…
WASHINGTON (Reuters) – Sales of new U.S. single-family homes jumped to a 10-year high in January as prices declined, but a resurgence in mortgage rates could slow a much anticipated housing market turnaround. New home sales increased 7.2% to a seasonally adjusted annual rate of 670,000 units last month, the highest level since March 2022,…
(Reuters) – U.S. equity funds suffered massive outflows in the seven days to Feb. 22, hit by worries over higher interest rates as strong economic data pointed to the U.S. Federal Reserve sticking to its tighter monetary policy for some time more. Refinitiv Lipper data showed investors withdrew a net $6.88 billion out of U.S….
(Reuters) – Shares of Beyond Meat Inc surged 13% in premarket trading on Friday as the plant-based meat maker’s results indicated that its cost control measures were finally bearing fruit. At least three brokerages lifted their price targets on Beyond Meat’s shares, after the company on Thursday topped expectations for quarterly sales for the first…
(Reuters) – EU anti-trust chief Margrethe Vestager said any damage to European competitiveness from U.S. subsidies was likely to be limited. Some European companies might be interested in investing in the United States rather than Europe, but their decisions would be based on more than just the new U.S. subsidies, she told the Wall Street…
By David Lawder and Christian Kraemer BENGALURU (Reuters) – The U.S. nominee to lead the World Bank, ex-MasterCard CEO Ajay Banga, gained traction with leading members on Friday, a sign that he will likely have a smooth ride to confirmation by the bank’s executive board. The finance ministers of France and Germany gave positive reviews…
By Ron Bousso LONDON (Reuters) -Oil prices extended gains for a second session on Friday as the prospect of lower exports from Russia offset rising inventories in the United States and concerns over global economic activity. Brent crude futures rose 89 cents, or 1.1%, to $83.10 per barrel by 1042 GMT. On the anniversary of…
LONDON (Reuters) – Russia’s invasion of Ukraine has disrupted economies and markets around the world, from energy and food prices to European banks, emerging market stocks and the Russian currency. Below are five charts that show how Europe’s biggest conflict since World War Two has shaped global financial markets in the last 12 months. 1/THE…
KUALA LUMPUR (Reuters) -Malaysia on Friday unveiled a scaled-back spending plan for the year and plans to tax the wealthy as Prime Minister Anwar Ibrahim focuses on narrowing the budget deficit. Three months into the job, Anwar is having to balance fiscal prudence with demands to address higher costs of living and a slowdown in…
