(Reuters) – Chindata Group said on Wednesday that investor Bain Capital has offered to take the Chinese data center operator private in a deal valuing the company at $2.93 billion. Chindata’s shares, which have lost more than a fifth of their value this year, rose about 12% in trading before the bell. Bain Capital’s proposal…
By Amy-Jo Crowley and Pablo Mayo Cerqueiro LONDON (Reuters) – Barclays is studying options for its global payments activities as a part of broader review into how it allocates resources, two people familiar with the matter told Reuters. Britain’s third-biggest bank has in recent weeks been sounding out consultants to analyse whether some of the…
By Gaurav Dogra (Reuters) – South Korea and Taiwanese equities experienced a huge influx of foreign investment during May, driven by a surge of interest in artificial intelligence (AI) and the subsequent demand for shares of hardware exporters in the region. Data from stock exchanges in South Korea, Taiwan, India, Indonesia, the Philippines, Thailand and…
By Jason Lange WASHINGTON (Reuters) – U.S. President Joe Biden’s public approval was at 41% in recent days, close to the lowest level of his presidency but little changed following a tense negotiation with congressional Republicans over the federal government’s debt, a Reuters/Ipsos poll showed. The four-day poll, which ended on Monday, showed a marginal…
By Natalie Grover and Eva Mathews (Reuters) -European regulators have approved the region’s first vaccine for respiratory syncytial virus (RSV), which causes thousands of hospitalisations and deaths annually. The shot, called Arexvy, is made by British drugmaker GSK and is designed to protect people aged 60 and over. RSV typically causes cold-like symptoms, but is…
A look at the day ahead in U.S. and global markets from Mike Dolan With U.S. stock market volatility back at pre-pandemic lows, you’d be forgiven for wondering where the market angst had gone. Wall St’s ‘fear index’, the VIX gauge of implied S&P500 equity volatility, closed below 14 on Tuesday for the first time…
By Suban Abdulla LONDON (Reuters) -British house prices dropped on an annual basis in May for the first time in 11 years, mortgage lender Halifax said on Wednesday, as the drag on the housing market from rising interest rates became clearer. The average property price fell 1.0% compared with May last year, the first year-on-year decline since…
By Mike Dolan LONDON (Reuters) -Even if some yearn for pre-pandemic familiarity after three years of global economic disruption, the euro zone may not want or need to go back there. One of the biggest questions in world markets is just how durable the changes wrought by COVID-19 – and the compounding energy shock that…
By Clare Jim and Paul Sandle HONG KONG/LONDON (Reuters) -Vodafone and CK Hutchison are in the final stage of agreeing to merge their British operations, with an announcement expected as soon as Friday or early next week, three sources have told Reuters. Shares in Vodafone jumped 3% on the news on Wednesday. Vodafone will own…
BERLIN (Reuters) – The largest air deployment exercise in NATO’s history, involving 25 nations and 250 aircraft in June, will only cause minor disruptions to civilian air traffic in Europe, Germany and the U.S. said on Wednesday. “We anticipate minimal interruptions in the flow of civilian airlines,” Michael Loh, director of the U.S. Air National…
