NEW YORK (Reuters) – HSBC Holding plc is seeking to become a leading bank for venture capital firms and startups globally after building a large team of technology and healthcare bankers in the United States, Hong Kong and Israel, a senior executive said. The bank is already doing venture-type lending to startup companies in India…
By Karl Plume and Anirban Sen CHICAGO (Reuters) -U.S. grains merchant Bunge and Glencore-backed Viterra are merging to create an agricultural trading giant worth about $34 billion including debt, the companies said on Tuesday, in a deal that will likely draw close regulatory scrutiny. The deal brings the combined company closer in global scale to…
By Ted Hesson WASHINGTON (Reuters) -The United States will extend deportation relief and work permits through 2025 for more than 300,000 immigrants from El Salvador, Honduras, Nicaragua and Nepal but will not expand the program to cover additional people, the U.S. Department of Homeland Security (DHS) said on Tuesday. The move by President Joe Biden’s…
By David Shepardson WASHINGTON (Reuters) – Transportation Secretary Pete Buttigieg on Tuesday pledged federal support for rebuilding a major U.S. highway after a portion collapsed in Philadelphia over the weekend, snarling traffic and upending commutes. Buttigieg toured the scene and met with Pennsylvania officials. He said the federal government plans to provide emergency funding to…
By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) -European shares rose on Tuesday, after mild U.S. inflation data cemented bets the Federal Reserve could skip raising interest rates at its meeting this week, while miners rallied as metal prices jumped after China cut rates. The pan-European STOXX 600 index closed 0.6% higher, tracking the global…
MEXICO CITY (Reuters) – The mayor of the violent border city Tijuana in northern Mexico, Montserrat Caballero, has moved into military barracks for her safety after she received threats, the president said on Tuesday. Just south of San Diego in California, Tijuana has become one of Mexico’s most dangerous cities as criminal groups fight over…
(Reuters) -Shares of Manchester United jumped 13% to hit a two-month high on Tuesday after a report hinted that Qatar’s Sheikh Jassim bin Hamad al-Thani was likely to succeed with his takeover bid for the English football club. Qatar’s Al-Watan newspaper reported on Tuesday that Sheikh Jassim, son of a former prime minister of the…
CHICAGO (Reuters) – Tyson Foods will lay off 228 corporate employees in Illinois who declined to relocate to the meatpacker’s Arkansas headquarters, eliminating about 46% of the total staff from two offices, the company confirmed on Tuesday. Employees have resisted a decision to consolidate corporate offices, which Tyson announced in October, as the company grapples…
(Reuters) – U.S. Bancorp’s Andy Cecere forecast a “moderate” recession that would be short and “not very deep in terms of severity,” CEO of the lender said at a conference on Tuesday. He also said one more interest rate hike was expected from the Federal Reserve in the summer. The Fed has been pushing up…
(Reuters) – Walmart said on Tuesday it would invest $257 million to open a beef-packing plant in Olathe, Kansas in 2025, which would create more than 600 jobs. The facility will package and distribute cuts of the higher grade Angus beef from Sustainable Beef LLC. Walmart had acquired a minority stake in the ranch-based beef…
