BRUSSELS (Reuters) – The European Union on Friday condemned an agreement between Russia and Belarus to allow the deployment of Russian nuclear warheads in Belarus. “This is a step which will lead to further extremely dangerous escalation,” EU foreign policy chief Josep Borrell said in a statement. Russia moved ahead on Thursday with its plan…
By David Randall NEW YORK (Reuters) – A last-minute deal to raise the U.S. $31.4 trillion debt ceiling will likely shift Wall Street’s attention to other emerging risks, including further Federal Reserve interest rate hikes and an expected reduction in fiscal spending. At its May 3 meeting, the Federal Reserve signaled it was open to…
WILMINGTON, Delaware (Reuters) – Former CBS shareholders reached a proposed $167.5 million settlement to resolve allegations that Shari Redstone, the daughter of late media magnate Sumner Redstone, pressured the company into an unfair merger that created ViacomCBS Inc, now known as Paramount Global, according to a court filing. The settlement covers holders of Paramount Global…
By Julia Harte (Reuters) – A South Carolina judge on Friday temporarily blocked the state’s new law that bans most abortions after about six weeks, ruling that it should be considered by the state Supreme Court before taking effect. State Circuit Judge Clifton Newman granted reproductive rights groups’ motion to block the legislation, which Republican…
By Jarrett Renshaw WASHINGTON (Reuters) – U.S. President Joe Biden and House Republican Speaker Kevin McCarthy are nearing a deal to lift the debt ceiling that would trim some U.S. federal spending. While talks are fluid, the general contours of the deal have taken shape. Here’s what we know so far: A CAP ON DISCRETIONARY…
By Anirban Sen and Milana Vinn NEW YORK (Reuters) – Private equity firms Francisco Partners and TPG Inc have ended talks to acquire New Relic Inc after they failed to secure enough debt financing and could not meet the business software company’s valuation expectations, people familiar with the matter said. The demise of the deal…
By Simon Jessop and Marc Jones LONDON (Reuters) – A top-level meeting in Paris next month will lay out a $100 billion plan to drive more money into climate and development finance in poorer countries by providing currency guarantees to investors, according to a document seen by Reuters. The plan, which has not previously been…
By Shivansh Tiwary and David Shepardson (Reuters) -Ford Motor Co shares jumped by more than 7% on Friday after the No. 2 U.S. automaker announced a deal allowing its electric-vehicle owners to access rival Tesla Inc’s charging stations in North America. Tesla’s Superchargers could become the standard for EV charging in the United States, Ford…
By Jaiveer Shekhawat and Echo Wang (Reuters) -Atmus Filtration Technologies Inc, the filtration business of U.S. diesel engine maker Cummins Inc, fetched a valuation of $1.8 billion in a strong market debut on Friday. Shares of Atmus opened at $21.67, up 11% from their initial public offering price of $19.5 a share. Atmus raised about…
OTTAWA, May 26 (Reuters) – Canada’s budget deficit in fiscal 2022/23 shrank to C$41.31 billion ($30.89 billion) from C$95.57 billion in the previous year as a post-pandemic economic rebound spurred tax revenue and spending on support measures fell, the finance ministry said on Friday. Revenues rose 8.6% in the period from April 2022 to March…
