By Amruta Khandekar and Shreyashi Sanyal (Reuters) – European shares jumped on Wednesday as further evidence of easing consumer inflation in the United States boosted hopes that the Federal Reserve could end its market-punishing interest rate hikes soon, with technology and miners leading gains. The pan-European STOXX 600 index closed 1.5% higher, extending gains to…
By Mark Trevelyan (Reuters) -The Wagner mercenary group is completing its handover of weapons to Russia’s regular armed forces, the Defence Ministry said on Wednesday, more than two weeks after the group staged a brief armed mutiny. In a statement accompanied by video showing tanks, rockets and other heavy weapons, the ministry said Wagner had…
By Anirban Sen NEW YORK (Reuters) -Wildcat Capital Management LLC, which manages the wealth of buyout firm TPG Inc’s co-founder David Bonderman, has asked Consolidated Communications Holdings Inc to reject an offer to take the company private for $2.9 billion including debt. A non-binding $4-per-share all-cash offer for the broadband services provider undervalues it by…
By Diane Bartz and Frank Pingue WASHINGTON (Reuters) -U.S. Senator Richard Blumenthal tore into a “repressive” Saudi regime on Tuesday and called the PGA Tour’s framework agreement with the country’s Public Investment Fund an attempt by Saudi Arabia’s government to “buy influence” in U.S. sports. Blumenthal delivered his harsh criticism during a three-hour hearing where…
By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Broadcom secured EU antitrust approval on Wednesday for its $61 billion proposed acquisition of cloud computing firm VMware after offering remedies to help rival Marvell Technology. The deal, Broadcom’s largest ever, will help the chipmaker diversify into enterprise software. Broadcom offered Marvell and other rivals interoperability…
By Rachel Nostrant (Reuters) – U.S. students have not caught back up to pre-COVID levels of learning in math and reading, with Black and Hispanic pupils among the hardest hit by the pandemic, a study released on Tuesday showed. The analysis by the Northwest Evaluation Association (NWEA) highlights the continuing toll on education from the…
By Jorgelina do Rosario LONDON (Reuters) -Global public debt surged to a record $92 trillion in 2022 as governments borrowed to counter crises, such as the COVID-19 pandemic, with the burden being felt acutely by developing countries, a United Nations report said. Domestic and external debt worldwide has increased more than five times in the…
By Richa Naidu and Jessica DiNapoli LONDON/NEW YORK (Reuters) -Top U.S. and European investors are flagging their concerns about high prices to consumer goods companies, with Janus Henderson going so far as to cut some stakes it holds and shorting food makers it believes are at risk of losing customers. The industry, which is due…
By David Carnevali and Svea Herbst-Bayliss NEW YORK (Reuters) – Morgan Stanley has hired veteran investment banker Daniel Cohen from Truist Financial Corp, where he was the head of the firm’s healthcare services advisory business, a person familiar with the matter said on Wednesday. In his new role, Cohen will continue to focus on dealmaking…
By James Oliphant, Gram Slattery and Alexandra Ulmer WASHINGTON (Reuters) – Florida Governor Ron DeSantis’ campaign is making a high-risk bet that it can halt Donald Trump’s march to the Republican presidential nomination by winning the key state of Iowa next January, despite the former president’s commanding lead in polls and growing questions about DeSantis’…
