By Jonathan Stempel NEW YORK (Reuters) – A federal judge on Thursday scheduled the writer E. Jean Carroll’s second defamation trial against former U.S. President Donald Trump for next January. U.S. District Judge Lewis Kaplan in Manhattan said the civil trial, where the former Elle magazine columnist is seeking at least $10 million in damages,…
(Reuters) -The U.S. Federal Reserve and the Securities and Exchange Commission are investigating Goldman Sachs Group’s role in two deals with Silicon Valley Bank that preceded the latter’s collapse, the Wall Street Journal reported on Thursday citing people familiar with the matter. Silicon Valley Bank had booked a $1.8 billion loss on the sale of…
By Nell Mackenzie and Kirstin Ridley LONDON (Reuters) – Wall Street firms are poised to reassess how they vet hedge funds, industry sources and experts say, following a race to cut ties with Odey Asset Management after founder Crispin Odey was accused of sexual misconduct in the press. The Financial Times and Tortoise Media, in…
By Sinéad Carew and Marc Jones NEW YORK, LONDON (Reuters) – MSCI’s global index of stocks rose on Thursday to its highest level since April 2022 after strong U.S. economic data, but the dollar slid following the European Central Bank’s interest rate increase a day after the Federal Reserve paused its hikes. While U.S. jobless…
By Chibuike Oguh NEW YORK (Reuters) -Microsoft Corp shares rose to a new record high close on Thursday as market optimism about the prospects of artificial intelligence (AI) has helped buoy the technology giant to a record market capitalization of $2.59 trillion. Microsoft is seen as a leader in the adoption of AI technology in…
(Reuters) – A spokesman for the U.N.’s nuclear watchdog said on Thursday that gunfire briefly halted a convoy heading back to Ukrainian-held territory after a visit to the Russian-controlled Zaporizhzhia nuclear power station, but the delegation was in no immediate danger. “Convoy was stopped and gunfire was distinctly heard for a few minutes but the…
(Reuters) – Bed Bath & Beyond’s lender Sixth Street Partners is considering bidding for at least some of the bankrupt retailer’s assets, the Wall Street Journal reported on Thursday, citing a court hearing. Sixth Street is planning to use more than $500 million of its debt in the company to bid, the report said, citing…
By Gilles Guillaume PARIS (Reuters) – The world’s No.3 carmaker Stellantis will unveil its first European-made affordable electric car in mid-October, the new Citroën e-C3, as it gears up to counter the arrival of lower-cost Chinese brands in the European market. Electric vehicles (EVs) are more expensive than their fossil-fuel counterparts and European carmakers plan…
By Essi Lehto HELSINKI (Reuters) – Finland’s conservative National Coalition (NCP), winner of April’s parliamentary election, has reached agreement to form a majority government with the eurosceptic, anti-immigration Finns Party and two smaller groups, its leader said on Thursday. “All issues have been resolved and the papers are ready,” said NCP leader Petteri Orpo, a…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The euro hit a 15-year peak against the yen and a five-week high against the dollar on Thursday after the European Central Bank raised interest rates for the eighth straight time and signaled further tightening to bring euro zone inflation to its medium-term target of 2%. The ECB…
