(Reuters) – U.S. House Speaker Kevin McCarthy said on Sunday he hoped to get back on the right track after a conservative revolt paralyzed the Republican Party’s efforts to advance its agenda in Washington. The standoff between McCarthy and a hardline faction of his own Republican majority has forced the chamber into a holding pattern….
LONDON (Reuters) – Odey Asset Management Partnership has named replacements for Crispin Odey on key funds after severing “personal and economic involvement” with him following allegations of sexual misconduct, said a letter seen by Reuters on Sunday. The firm, which had $4.8 billion in assets under management as of September 2022, announced on Saturday Odey…
SEOUL (Reuters) – North Korean leader Kim Jong Un has vowed to “hold hands” with Russian President Vladimir Putin and bolster strategic cooperation on their shared goal of building a powerful country, state media KCNA reported on Monday. Kim made the pledge in a message to Putin marking Russia’s National Day, defending his decision to…
(Reuters) – Illumina CEO Francis deSouza stepped down on Sunday, the gene-sequencing machine maker said in a statement, ending a battle with activist investor Carl Icahn in which the company’s chairman left the company earlier this year. Illumina said it named Senior Vice President and General Counsel Charles Dadswell as interim CEO. DeSouza will stay…
By Leika Kihara TOKYO (Reuters) -The Bank of Japan (BOJ) is expected to maintain ultra-loose monetary policy this week and its forecast for a moderate economic recovery, as robust corporate and household spending cushion the blow from slowing overseas demand, sources said. The central bank also may signal that inflation is overshooting its forecasts, which…
LONDON (Reuters) – Britain must act quickly to remain a tech capital, Prime Minister Rishi Sunak will tell tech leaders on Monday, urging them to grasp the opportunities and challenges of artificial intelligence. Sunak, speaking at the start of London Tech Week, will say the “tectonic plates of technology are shifting”. “We must act –…
By Lewis Krauskopf (Reuters) – A look at the day ahead in Asian markets from Lewis Krauskopf. Asian markets will turn their attention to a series of central bank meetings after ending last week on a buoyant note. MSCI’s gauge of world stock markets on Friday hit its highest point in 13 months. Wall Street…
By Aleksandar Vasovic and Branko Filipovic PODGORICA (Reuters) -Montenegro’s Europe Now Movement (PES) won 25.6% of votes in a snap election on Sunday, the Center for Monitoring and Research (CEMI) pollster said on the basis of a projection of results from a sample of polling stations. The PES, which has pro-European Union policies and also…
By Andres Gonzalez and Corina Pons LONDON/MADRID (Reuters) -Morgan Stanley Infrastructure Partners is poised to buy Sacyr’s Valoriza Servicios Medioambientales in a deal that could value the unit at close to 600 million euros ($644.8 million) including debt, people familiar with the matter said. Morgan Stanley Infrastructure has prevailed over other firms in an auction…
By Khalid Abdelaziz and Mohamed Nureldin KHARTOUM (Reuters) -Heavy clashes and artillery fire erupted across Sudan’s capital Khartoum on Sunday and residents reported air strikes soon after the end of a 24-hour ceasefire that had brought a brief lull to eight weeks of fighting between rival military factions. Witnesses said the fighting between the army…
