(Reuters) – Morgan Stanley is looking to resolve more than a year long investigation by U.S. regulators into its block trading practices, the Wall Street bank said in a filing on Tuesday. The company is engaged in discussions with the enforcement division of the U.S. Securities and Exchange Commission (SEC) and the United States Attorney’s…
By Svea Herbst-Bayliss and Carolina Mandl BEVERLY HILLS (Reuters) – Prominent investors including hedge fund and private equity managers at a major industry conference say they are shying away from stocks and real estate amid uncertainty over interest rates, fears of a recession and threat of a U.S. debt default. Instead, fixed income, which was…
By Dietrich Knauth (Reuters) – Bankrupt movie theater chain Cineworld received U.S. court approval on Tuesday to raise $2.26 billion as part of its exit from bankruptcy, after reaching a settlement with a minority faction of lenders that had opposed parts of the exit financing. Cineworld is aiming to emerge from Chapter 11 bankruptcy in…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Maybe the U.S. banking turmoil of March 2023 wasn’t boxed up, tied with a bow, and neatly shelved for posterity after all. Shares in regional U.S. banks got clobbered on Tuesday – PacWest BanCorp lost a quarter of…
UNITED NATIONS (Reuters) – The United States on Tuesday launched a program to defend journalists around the world from legal threats aimed at silencing critical voices, a growing tactic that top U.S. aid official Samantha Power described as “lawfare.” Power, administrator of the U.S. Agency for International Development (USAID), announced the Reporters Shield program at…
By Medha Singh and Lisa Pauline Mattackal (Reuters) -Can inherently volatile cryptocurrencies become safe-havens? Apparently they can in some parts of the world, such as Argentina and Turkey, where soaring prices and tumbling local currencies have forced people to seek refuge in digital coins. Ownership of digital currencies in Turkey was the highest in the…
BRUSSELS (Reuters) – NATO fighter jets scrambled on Sunday to track a Russian maritime patrol aircraft that violated air safety rules over the North Atlantic, the alliance said on Tuesday. “The (Russian) aircraft was not complying with international air safety rules and could pose a danger to other aircraft in the region,” NATO’s air command…
By Krystal Hu (Reuters) – Inflection AI, the artificial intelligence startup founded by LinkedIn co-founder Reid Hoffman and Google DeepMind co-founder Mustafa Suleyman, has released its first AI chatbot product, the company said on Tuesday. Similar to OpenAI’s viral chatbot ChatGPT, Inflection’s AI chatbot, named Pi, uses generative AI technology to interact with users through…
By Ernest Scheyder (Reuters) -Lithium producer Livent Corp boosted its annual forecast on Tuesday after reporting better-than-expected quarterly profit, a bullish outlook fueled by rising prices and demand for the metal used to make electric vehicle batteries. Shares of the Philadelphia-based company, which has deals to supply the battery metal to General Motors Co, Tesla…
(Reuters) – Simon Property Group Inc’s first-quarter revenue beat market expectations on Tuesday, benefiting from a strong leasing demand after pandemic-induced store closures. Despite growing fears of a recession in the United States, mall operators are seeing a rise in leasing demand from tenants occupying mall spaces to cater to customers. “Tenant demand is excellent,…
