(Reuters) -Veritiv on Monday agreed to be bought by private equity firm Clayton, Dubilier & Rice (CD&R) in a $2.3 billion deal that would take the packaging firm private. The buyout of Veritiv, which makes paper-based boxes and cartons, and glass containers, comes against the backdrop of a recent consolidation in the packaging sector, as…
(Reuters) -Federal authorities on Monday were investigating the cause of a mid-air collision between two helicopters in Southern California that killed two firefighters and a pilot as they responded to a small wildfire near Palm Springs. The National Transportation Safety Board (NTSB) said in a statement that it was investigating the collision between a Bell…
By Asif Shahzad ISLAMABAD (Reuters) -Pakistan’s former Prime Minister Imran Khan is being held in a small, dirty prison cell, one of his lawyer’s said on Monday after being given access to the former cricket star in jail as he prepares to appeal against his graft conviction. Khan, 70, has been at the heart of…
TUNIS (Reuters) – Seven more bodies believed to be of migrants who drowned in a shipwreck off Tunisia have washed ashore, local authorities said on Monday, bringing the confirmed death toll to 11, with 44 still missing and only two rescued. On Sunday a judicial official said the migrants aboard the boat, which sank off…
By Neil Jerome Morales and Albee Zhang BEIJING/MANILA (Reuters) -The Philippines told China it will not abandon a disputed shoal in the South China Sea after it accused China’s coast guard of using water cannons and “dangerous” moves to prevent Manila from sending supplies to its troops occupying the reef. Likening the Aug. 5 incident…
By Chibuike Oguh NEW YORK (Reuters) – Private equity firm KKR & Co Inc said on Monday its second quarter after-tax distributable earnings fell 23% year-on-year as growth in management and transaction fees could not offset a slump in asset sales. After-tax distributable earnings fell to $652.6 million from $851.2 million a year earlier. That…
By Kirsty Needham SYDNEY (Reuters) – Australia will put climate change and local jobs at the centre of its international aid programme, in a policy overhaul designed to compete with China’s infrastructure-building in the region. From next year, half of all new Australian aid investments worth over A$3 million ($2 million) will include a climate…
By Anna-Catherine Brigida and Lucinda Elliott BUENOS AIRES (Reuters) – Argentina’s fractured opposition may not agree on much ahead of an upcoming Aug. 13 primary election but it has coalesced around the need to end a dizzying system of multiple exchange rates that has spooked investors and crippled the economy. Both mainstream opposition candidates, Patricia…
By Maytaal Angel and Gustavo Palencia LONDON/TEGUCIGALPA, Honduras (Reuters) -Arabica coffee from Brazil usually rated lower grade has arrived in big volumes on the world’s main price-setting market, traders said, in a fresh challenge for hand-picked premium beans from less efficient, smaller farms elsewhere in Latin America and Africa. Agricultural powerhouse Brazil grows almost half…
By Stefanno Sulaiman and Fransiska Nangoy JAKARTA (Reuters) -Indonesia’s economic growth in the second quarter accelerated unexpectedly to its highest rate in three quarters, shored up by strong household and government spending, even as exports weakened with falling commodity prices. Some economists still expect activity to slow in the second half of the year, with…
