By Dominique Vidalon and Mathieu Rosemain PARIS (Reuters) – A trio of French businessmen readied on Thursday to make a new offer for debt-laden supermarket chain Casino after exclusive tie-up talks between Casino and smaller retail rival Teract collapsed. In a joint statement, telecoms billionaire Xavier Niel, investment banker Matthieu Pigasse and entrepreneur Moez-Alexandre Zouari…
By Dominique Vidalon and Mathieu Rosemain PARIS (Reuters) – A trio of French businessmen readied on Thursday to make a new offer for debt-laden supermarket chain Casino after exclusive tie-up talks between Casino and smaller retail rival Teract collapsed. In a joint statement, telecoms billionaire Xavier Niel, investment banker Matthieu Pigasse and entrepreneur Moez-Alexandre Zouari…
By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) -European shares were subdued on Thursday as rate-sensitive technology shares and consumer staples slipped on expectations of further interest rate hikes by major central banks, while a sharp slide in Vodafone shares weighed on the telecoms sector. The pan-European STOXX 600 index was flat, with the rate-sensitive…
WASHINGTON (Reuters) – The International Monetary Fund on Thursday urged the U.S. Federal Reserve and other global central banks to “stay the course” on monetary policy and remain vigilant in combating inflation. IMF spokesperson Julie Kozack said inflation momentum has slowed in the United States, but remained a pressing concern. “If inflation does prove to…
By Jonathan Stempel NEW YORK (Reuters) -A U.S. appeals court on Thursday refused to reinstate a lawsuit by Amy Cooper, the white woman who became known as “Central Park Karen” after calling police on a Black bird-watcher, against the employer that fired her following the encounter. In a 3-0 decision, the 2nd U.S. Circuit Court…
NEW YORK (Reuters) -Goldman Sachs Group Inc. is planning for a period of sluggish growth and higher inflation, the bank’s president John Waldron said on Thursday, calling it “a mini-stagflation scenario.” There will be a tougher environment for capital markets and financing as CEOs remain cautious, Waldron told a Bloomberg conference on Thursday. “We’re planning…
By Lananh Nguyen NEW YORK (Reuters) – Bank of America Corp promoted the head of its Latin America business, Alex Bettamio, to co-head of global investment banking alongside Thomas Sheehan, according to a memo seen by Reuters on Thursday. The leadership change was one of several announced by the second largest U.S. bank. It also…
By Lananh Nguyen NEW YORK (Reuters) – Bank of America Corp promoted the head of its Latin America business, Alex Bettamio, to co-head of global investment banking alongside Thomas Sheehan, according to a memo seen by Reuters on Thursday. The leadership change was one of several announced by the second largest U.S. bank. It also…
WASHINGTON (Reuters) -The U.S. Supreme Court on Thursday preserved the ability of people to sue for civil rights violations under an 1871 law as it rejected a bid to prevent an Indiana nursing home resident’s family from suing over his care at a government-run facility. The justices in a 7-2 ruling written by liberal Justice…
By Inti Landauro MADRID (Reuters) – The Court of Justice of the European Union rejected on Thursday rules set by the city of Barcelona that dramatically restrict the number of cars working with ride-hailing apps such as Uber. Barcelona had introduced a series of rules intended to reduce the number of drivers of private cars…
