By Nupur Anand and Lananh Nguyen NEW YORK (Reuters) -Wall Street banks and brokerages are in a last-minute scramble to meet a July 3 deadline to charge investors for research reports, bankers and others in the industry said, a requirement that threatens their European business if they fail to comply. Bank of America Corp and…
(Reuters) – Activist investor Blackwells Capital on Wednesday urged cell-tower operator IHS Holding Ltd to overhaul the company’s board by appointing new independent directors in a bid to offer more transparency to shareholders. Blackwells, a long-term shareholder of IHS, said that the IHS management has “no serious focus” and that its performance “does not remotely…
By Balazs Koranyi SINTRA, Portugal (Reuters) – Professional forecasters globally who have been blindsided by the recent surge in inflation acknowledged on Wednesday the need for humility to deal with economic realities still only poorly understood by their discipline. Central bankers worldwide have faced criticism in public and parliaments over the past two years for…
By Balazs Koranyi and Francesco Canepa SINTRA, Portugal (Reuters) – Leaders of the world’s top central banks reaffirmed on Wednesday they think further policy tightening will be needed to tame stubbornly high inflation but still believe they can achieve that without triggering outright recessions. U.S. Federal Reserve Chairman Jerome Powell kept consecutive interest rate hikes…
By Balazs Koranyi and Francesco Canepa SINTRA, Portugal (Reuters) – Leaders of the world’s top central banks reaffirmed on Wednesday they think further policy tightening will be needed to tame stubbornly high inflation but still believe they can achieve that without triggering outright recessions. U.S. Federal Reserve Chairman Jerome Powell kept consecutive interest rate hikes…
By Felix Light and Filipp Lebedev TBILISI (Reuters) – The Wagner Group mercenaries who seized the Russian city of Rostov-on-Don on Saturday in a failed mutiny included at least three convicted criminals, a Reuters review of facial recognition software, court records and social media showed. Almost all of the fighters who took part in the…
(Reuters) – Thomson Reuters will buy Imagen, a digital content asset management company, for an undisclosed price, to expand its agency business to new customers, the news and information company said on Wednesday. Britain-based Imagen, which owns the Screenocean video distribution platform, operates digital content libraries for sports, media and business companies including Premier League…
(Reuters) – Shares of AI-focused companies will be a major driver of returns for developed markets in a tough economic environment, BlackRock Investment Institute said, citing an unusually concentrated rally in a handful of technology stocks. It said the extent of the concentration of gains on the S&P 500 surpassed levels seen in the 2000s…
By Amruta Khandekar, Matteo Allievi and Bansari Mayur Kamdar (Reuters) – European shares climbed on Wednesday after robust U.S. data overnight soothed concerns about a steep economic slowdown, even as ECB President Christine Lagarde warned that the central bank was still not seeing enough evidence of an inflation cool-down. The pan-European STOXX 600 index closed…
By David Shepardson (Reuters) -A New York City plan to charge a daily toll on vehicles entering or remaining in the central business district got a boost on Monday from the U.S. Department of Transportation, which said the city had adequately assessed how the congestion charge would help the environment. The department’s Federal Highway Administration…
