By Anirban Sen NEW YORK (Reuters) -A consortium comprising Elliott Investment Management, Patient Square Capital and Veritas Capital is nearing a deal to acquire Syneos Health Inc, a provider of clinical research to drug developers, for more than $7 billion, including debt, people familiar with the matter said. The consortium will pay about $43 per…
By Renju Jose SYDNEY (Reuters) – Australia’s Labor government said on Wednesday the billions in cost-of-living relief unveiled in the federal budget for families and businesses will not worsen inflationary pressures and put more pressure on the central bank to lift rates further. Australia on Tuesday boasted the first budget surplus in 15 years after…
WASHINGTON (Reuters) – President Joe Biden and top Republican lawmakers met face-to-face on Tuesday as a deadlock over raising the $31.4 trillion U.S. debt limit threatened to push the country into an unprecedented default in as soon as three weeks if Congress does not act. Biden is calling on lawmakers to raise the federal government’s…
(Reuters) – Twitter Inc Chief Executive Elon Musk on Tuesday revealed details about new features including adding calls and encrypted messaging coming to the platform. Last year, Musk flagged plans for “Twitter 2.0 The Everything App”, which he said would have features such as encrypted direct messages (DMs), longform tweets and payments. “Coming soon will…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A heavy dose of Japanese corporate earnings and a smattering of South Korean economic data give Asian markets a local steer on Wednesday against a backdrop of growing unease surrounding the U.S. debt ceiling crisis. Full-year Japanese earnings…
By David Lawder and Jahnavi Nidumolu WASHINGTON (Reuters) -Wall Street executives who have advised the U.S. Treasury’s debt operations for the past 25 years warned on Tuesday they are “deeply concerned” about the debt limit impasse that has markets worried about a U.S. default on payment obligations. The 18 current and former chairs and vice…
By Jack Queen and Luc Cohen NEW YORK (Reuters) -Donald Trump must pay $5 million in damages for sexually abusing magazine writer E. Jean Carroll in the 1990s and then defaming her by branding her a liar, a jury decided on Tuesday. “Today, the world finally knows the truth,” Carroll said in a statement. “This…
SEOUL (Reuters) – South Korea’s current account balance in March ended a two-month run of deficit to post a surplus, but suffered its biggest quarterly deficit in more than 14 years during the January-March period, data showed on Wednesday. The country posted a $0.27 billion current account surplus in March, after setting a deficit in…
(Reuters) -Former Fox News host Tucker Carlson, who was taken off the air by the network last month, said on Tuesday he would relaunch his show on Twitter “soon.” Fox News Media and Carlson agreed to part ways last month, shortly after parent company Fox Corp settled for $787.5 million a defamation lawsuit in which…
By Yantoultra Ngui SINGAPORE (Reuters) -Singapore’s second-biggest lender Oversea-Chinese Banking Corp (OCBC) reported on Wednesday a better-than-expected 39% jump in first-quarter profit from a year earlier on the back of strong net interest income growth.OCBC, which is also Southeast Asia’s second-biggest bank by assets, said January-March net profit rose to a record S$1.88 billion ($1.42…
