By David Carnevali (Reuters) -NV5 Global Inc, a U.S. engineering consultant whose business has taken a hit from its exposure to commercial real estate, is exploring a sale, according to people familiar with the matter. NV5 is in the early stages of a sale process and is working with advisers to establish whether a deal…
By Manya Saini and Hannah Lang (Reuters) -Private equity firm KKR has agreed to purchase a substantial portion, or up to 40 billion euros ($43.71 billion), of payments company PayPal’s buy now, pay later (BNPL) loans in Europe, the companies said on Tuesday. Even though BNPL remains popular after the pandemic-led surge in its use…
MEXICO CITY (Reuters) – Mexico’s central bank will likely keep its benchmark interest rate unchanged in its next monetary policy decision, a Reuters poll showed on Tuesday, amid a slowdown in inflation. The 20 analysts polled by Reuters see the Latin American country’s central bank maintaining borrowing costs at the current rate of 11.25% for…
By Brendan Pierson and Disha Raychaudhuri (Reuters) – Companies accused of fueling the U.S. opioid crisis have so far paid out more than $3 billion to compensate states, but has any of the money reached the people who need it? It depends where you live. Yes, if you’re in Massachusetts; no, in Texas. A series…
By Joanna Plucinska and Valerie Insinna PARIS (Reuters) – India dominated the Paris Airshow for a second day on Tuesday, as Air India finalised a huge order for 470 planes from Airbus and Boeing. The agreement, when sketched out in February, was the largest ever plane deal by number of aircraft. But it was surpassed…
By Scott DiSavino NEW YORK (Reuters) -Oil futures fell about 2% in choppy trading on Tuesday on forecasts for slower growth of oil demand in China, the world’s second-biggest oil consumer, and disappointment with the size of cuts in China’s key lending rates. Brent futures for August delivery fell $1.11, or 1.5%, to $74.98 a…
MILAN (Reuters) – UniCredit can keep rewarding investors at the current pace for at least another two years, its chief executive said on Tuesday as the bank prepared to launch its second share buyback this year. After walking away from a rescue deal for state-owned rival Monte dei Paschi, CEO Andrea Orcel has bet on…
By Andrew Chung (Reuters) – The U.S. Supreme Court on Tuesday threw out a lower court ruling that blocked South Carolina from ending public funding to Planned Parenthood, giving the Republican-governed state another chance to defend its bid to deprive the reproductive healthcare and abortion provider of government money. The justices sent the case back…
By Svea Herbst-Bayliss NEW YORK (Reuters) – Proxy advisory firm Institutional Investor Services urged Alkermes shareholders to elect one of three director candidates proposed by activist hedge fund Sarissa Capital, arguing more outside pressure on management is needed right now. ISS said Sarah Schlesinger, a physician with experience serving on public company boards, should be…
By John Kruzel and Andrew Chung WASHINGTON (Reuters) – The U.S. Supreme Court is expected to decide by the end of this month the fate of race-conscious collegiate admission policies, one of the major disputes – also including cases involving LGBT rights and student debt forgiveness – still yet to be resolved as the justices…
