MEXICO CITY (Reuters) – Mexican telecommunications giant America Movil, controlled by the family of tycoon Carlos Slim, announced the launch of a foreign debt public offering of up to 20 billion pesos ($1.17 billion), the company said in a statement on Monday. The issuance will take place on July 6, part of a five-year overall…
BERLIN (Reuters) -A far-right Alternative for Germany (AfD) candidate won a vote on Sunday to become a district leader in Europe’s biggest economy for the first time, a breakthrough for the party which has hit record highs in national polls. The 10-year old AfD, with which Germany’s mainstream parties officially refuse to cooperate due to…
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of New York President John Williams played down the linkage between monetary policy and financial stability in comments made public Monday, while also warning that using rate policy to tame bubbles can bring unwanted economic pain. His comments came from a presentation made on Sunday…
(Reuters) -Prologis Inc said on Monday it has agreed to buy 14 million square feet of industrial properties from real estate funds affiliated with Blackstone for $3.1 billion in an all-cash deal. The acquisition price represents about “4% cap rate in the first year and a 5.75% cap rate when adjusting to today’s market rents”,…
By Yuvraj Malik (Reuters) -IBM said on Monday it will acquire technology spend-management platform Apptio from Vista Equity Partners for $4.6 billion in cash, in the latest deal to bolster its capabilities in cloud and automation. Shares of IBM were marginally lower in premarket trading. IBM said it will finance the transaction with cash on…
(Reuters) -Home health and hospice caregiver Amedisys on Monday agreed to a $3.3 billion sweetened cash offer from UnitedHealth Group and scrapped an all-stock deal with Option Care Health. UnitedHealth is buying the company for $101 per share, which is a dollar higher than its previous offer and above the $97.38 per share all-stock deal…
BRASILIA (Reuters) – Brazil Treasury secretary Rogerio Ceron on Monday said the sooner monetary easing begins, the sooner conditions will be created for an “adequate” 2024, emphasizing that high interest rates have an impact on the public debt cost. In an interview with local news channel BM&C News, Ceron said that nearly 90% of the…
By Blake Brittain WASHINGTON (Reuters) – The U.S. Supreme Court on Monday declined to hear Nike’s bid to overturn a U.S. Patent Office tribunal’s decision to cancel part of a shoe patent in the American footwear company’s now-settled dispute with German rival Adidas. The justices turned away up Oregon-based Nike’s appeal of a lower court’s…
By Alexander Marrow (Reuters) – The rouble sank to its lowest in nearly 15 months against the dollar on Monday in one of its most volatile sessions this year as investors responded for the first time to an aborted mutiny by armed mercenaries in Russia over the weekend. Mercenaries led by Yevgeny Prigozhin withdrew from…
By Ali Kucukgocmen ISTANBUL (Reuters) – Turkey’s monthly inflation was seen at 4.84% in June, partly due to the lira’s sharp decline after elections last month, a Reuters poll showed on Monday, but the annual reading was expected to decline slightly to 39.47%. The median estimate of 11 economists for the monthly inflation in June…
