By Abigail Summerville NEW YORK (Reuters) – The private equity owner of Benihana Inc is exploring a sale that could value the U.S. restaurant chain, known for its Japanese teppanyaki and sushi, at around $600 million or more, including debt, according to people familiar with the matter. The potential sale comes after Cava Group Inc’s…
(Reuters) – The credit ratings of global property insurers are coming under pressure as rising reinsurance costs force them to cut back on cover and retain more risks themselves, DBRS Morningstar analysts said in a research note on Wednesday. Reinsurers, which insure insurance companies, have been raising rates in recent years due to growing losses…
ISLAMABAD (Reuters) – The United Arab Emirates has deposited $1 billion with Pakistan’s central bank to support foreign exchange reserves, Pakistan’s Finance Minister Ishaq Dar said on Wednesday. (This story has been refiled to add the missing word ‘to’ in the headline) (Reporting by Ariba Shahid; Editing by Angus MacSwan)
KYIV (Reuters) -Russia launched a drone strike on Kyiv early on Wednesday, and an old man was killed in Russian shelling in southern Ukraine as President Volodymyr Zelenskiy met NATO leaders in Lithuania, Ukrainian officials said. There were no deaths in the second attack on the capital in successive days. But an 81-year-old man was…
SAO PAULO (Reuters) – Services activity in Brazil grew by much more than expected in May from the previous month, data from statistics agency IBGE showed on Wednesday, paring some of the losses seen in April despite the country’s high interest rate levels. The service sector, which accounts for about 70% of all activity in…
OTTAWA, July 12 (Reuters)-The Bank of Canada (BoC) on Wednesday raised its growth forecast for this year to 1.8%, up from the 1.4% predicted in April, as excess demand continues feed underlying inflation, which is coming down more slowly than had been previously estimated. In its quarterly Monetary Policy Report, the BoC said inflation would…
By Diane Bartz WASHINGTON (Reuters) -Microsoft cleared major hurdles to its plan to buy videogame maker Activision Blizzard on Tuesday, after a U.S. judge gave a thumbs-up to the $69 billion deal and a British regulator suggested it could reconsider its opposition. Activision shares surged 10% on the day, as the U.S. and Britain have…
VILNIUS (Reuters) -NATO leaders at this week’s summit in Vilnius said Ukraine should be able to join the military alliance at some point in the future but dashed Kyiv’s hopes for an immediate invitation. The guarded statement on Ukraine’s path into NATO irked President Volodymyr Zelenskiy. But after 16 months of war since Russia launched…
VILNIUS (Reuters) – G7 countries announced on Wednesday an international framework that paves the way for long-term security assurances for Ukraine to boost its defences against Russia and deter Moscow from future aggression. In a joint declaration, which other nations can join, the United States, Germany, Japan, France, Canada, Italy and Britain, as well as…
(Reuters) – U.S. financial regulators should take steps to ensure banks can withstand further interest-rate hikes should the Federal Reserve need to deliver them to fight entrenched inflation, Minneapolis Fed President Neel Kashkari said on Wednesday. The failure of several large regional banks in the spring highlighted what can happen when banks are poorly positioned…
