By Milana Vinn and Anirban Sen NEW YORK (Reuters) – Private equity firm Symphony Technology Group (STG) is nearing a deal to acquire media editing software maker Avid Technology Inc for close to $1.4 billion, including debt, according to people familiar with the matter. STG will buy Avid for just over $27 per share in…
By Carolina Mandl NEW YORK (Reuters) -U.S.-based Viking Global Investors has reopened its flagship long/short hedge fund for new capital having closed it more than a decade ago, according to three people familiar with the matter, as industry-wide equity hedge fund returns strengthen. Led by co-founder and Chief Executive Officer Andreas Halvorsen, Viking ended June…
By Nell Mackenzie LONDON (Reuters) – Catastrophe bond funds rank among the 10 best performing credit funds this year, as the hurricanes, earthquakes and other disasters that could trigger payouts have either not happened or not been sufficiently severe. The catastrophe, or cat bonds, represent money borrowed by insurance companies from capital markets. If the…
By Nevzat Devranoglu and Orhan Coskun ANKARA (Reuters) – Turkey’s net foreign exchange reserves surged nearly $5 billion last week, with total reserves up almost $2 billion, bankers’ calculations showed on Wednesday, resuming an uptrend since it adopted a more orthodox monetary policy following May elections. The rebuilding of the central bank’s currency buffer is…
BEIJING (Reuters) – China’s new yuan loans are expected to fall sharply in July from June after record lending in the first half, a Reuters poll showed, but they could still exceed the year-earlier amount as the central bank seeks to underpin the economy amid a faltering recovery. Chinese banks are estimated to have issued…
By Kanishka Singh WASHINGTON (Reuters) -The United States and Canada issued new sanctions against Belarus on Wednesday, designating several entities and individuals over alleged human rights abuses and support for Russia amid the war in Ukraine. The U.S. Treasury Department said it designated eight individuals and five entities to a sanctions list for allegedly funding…
By Jody Godoy (Reuters) – Nio Inc investors can proceed as a class in a lawsuit claiming the Chinese electric vehicle maker lied about building its own factory in Shanghai during its 2018 initial public offering, a U.S. judge has ruled. The lawsuit in federal court in New York seeks damages from Nio, its executives…
(Reuters) -Financial losses due to supply chain disruptions dropped more than 50% on average in 2022, compared with a year earlier, but shortages and delivery delays remain challenges, according to a survey of companies being released on Thursday. Disruptions led to an average $82 million in annual losses per company last year in key industries…
By Asif Shahzad ISLAMABAD (Reuters) -A Pakistani high court on Wednesday turned down an appeal by jailed former prime minister Imran Khan that his conviction on corruption charges be suspended, his lawyer said, suggesting it was unlikely he would be released on bail anytime soon. Khan, 70, has been at the centre of political turmoil…
By Maya Gebeily BEIRUT (Reuters) – The United Nations is set to resume aid deliveries into rebel-held northwestern Syria via a crossing that has been a lifeline for the region, after aid workers said Damascus appeared to loosen terms that had led to a weeks-long pause. The aid deliveries from Turkey via the Bab al-Hawa…
