(Reuters) -The number of victims of the MOVEit hack grew by several million on Thursday after the biggest U.S. pension fund, Calpers, and insurer Genworth Financial said personal information of their members and customers had been compromised. Both said a third-party vendor, PBI Research Services, was affected in a data theft hack, providing a path…
NEW YORK (Reuters) – MSCI will continue to consult with financial market participants on a potential reclassification of Nigeria to standalone market from frontier market after recent changes to foreign exchange trading, the index provider said on Thursday. Nigeria’s central bank last week moved to liberalize the foreign exchange market and unify exchange rates, and…
(Reuters) – Special purpose acquisition company (SPAC) Tastemaker Acquisition Corp said on Thursday its planned $989 million merger with jewelry distributor Quality Gold had been terminated due to challenging market conditions. Market reception for SPACs has been frosty since late 2021 after some companies that went public via the SPAC route performed poorly on the…
(Reuters) – Ford Motor is preparing for a new round of layoffs for its salaried workers in the United States, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The company in March last year announced plans to reduce structural costs of up to $3 billion at its gas-powered vehicle unit….
By Eliana Raszewski BUENOS AIRES (Reuters) -Argentina has directly asked U.S. President Joe Biden for support in the country’s talks with the International Monetary Fund (IMF) to revamp its $44 billion debt deal, in a letter signed by regional leaders from Brazil, Mexico and elsewhere. The South American nation, battling dwindling foreign currency reserves, 100%-plus inflation…
(Reuters) – Quality of new vehicles sold in the United States is declining as factors such as growing use of technology and lower build quality of certain parts are making the models more “problematic”, according to automotive consultant J.D. Power. Build quality of certain parts such as audio systems and cup-holders have resulted in quality…
By David Shepardson WASHINGTON (Reuters) – A U.S. appeals court panel Thursday vacated an April 2022 ruling that had declared unlawful a government order requiring masks on airplanes and other transportation modes during the COVID-19 pandemic. The Justice Department had asked 11th Circuit Court of Appeals to declare the issue moot after President Joe Biden…
By Jarrett Renshaw (Reuters) -Indian Prime Minister Narendra Modi and U.S. President Joe Biden met in Washington on Thursday and several agreements were to be announced to strengthen economic and diplomatic ties between the two countries and highlight new private sector investments. The following is a roundup of the major announcements: VISAS The Biden administration…
By Jarrett Renshaw (Reuters) -Indian Prime Minister Narendra Modi and U.S. President Joe Biden met in Washington on Thursday and several agreements were to be announced to strengthen economic and diplomatic ties between the two countries and highlight new private sector investments. The following is a roundup of the major announcements: VISAS The Biden administration…
By Lewis Krauskopf (Reuters) – A look at the day ahead in Asian markets from Lewis Krauskopf, U.S. markets correspondent. Asian markets will be waking up to a jolt of central bank rate hikes and looking ahead to a big round of macro data on Friday. The Bank of England surprised many investors on Thursday…
