By Laura Sanicola (Reuters) – Oil prices settled nearly unchanged on Thursday after the European Central Bank (ECB) decided to slow the pace of interest rate hikes, with prices still down more than 9% for the week on demand concerns in major consuming countries. Brent futures settled up 17 cents, or 0.24%, to $72.50 a…
By Chibuike Oguh NEW YORK (Reuters) -Shares of Carlyle Group Inc sank on Thursday after it posted a first-quarter distributable earnings that missed most analyst estimates owing to a sharp drop in income from asset sales in its private-equity portfolio. Carlyle lowered its outlook on the closely watched fee-related earnings as it anticipates that the…
(Reuters) – Air France-KLM said on Thursday it had entered exclusive talks with private equity firm Apollo Global Management for a 500 million euro capital injection into an affiliate owning Engineering and Maintenance assets. (Reporting by Mrinmay Dey in Bengaluru; Editing by Leslie Adler)
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission is focused on identifying and prosecuting any form of misconduct that might threaten investors, capital formation or markets more broadly, SEC Chair Gary Gensler told Reuters on Thursday. Gensler made the comment in a written response when asked about a Reuters report that federal and…
By Rich McKay ATLANTA (Reuters) -A former U.S. Coast Guardsman accused of killing a woman and wounding four others in a shooting in an Atlanta medical building was denied bail on Thursday. The suspected gunman, identified as 24-year-old Deion Patterson, had waived his right to appear at the court hearing during which Fulton County Magistrate…
(Reuters) – U.S. oil and gas producer ConocoPhillips on Thursday said it sees “light at the end of the tunnel” in long-running claims for expropriation of its Venezuelan assets. Conoco has a more than $8 billion arbitration award on the 2007 expropriation of three oil projects in Venezuela, and is pursuing another lawsuit in the…
By Andy Sullivan and Moira Warburton WASHINGTON (Reuters) – A Republican plan to cut federal spending in exchange for lifting the U.S. government’s debt ceiling would lower employment, slow economic growth and “meaningfully increase” the likelihood of a recession, Moody’s Analytics’ chief economist told a Senate committee on Thursday. Mark Zandi told the Senate Budget…
By Medha Singh, Chibuike Oguh (Reuters) -Shares of PacWest Bancorp and Western Alliance Bancorp shares plunged on Thursday, dragging other regional lenders down, as reports of both banks exploring strategic options sparked investor worries of a widening financial crisis. PacWest’s stock slumped more than 40% in afternoon trading, dropping to a record low. The bank…
WASHINGTON (Reuters) – The U.S. Treasury Department’s top international official is heading to Europe and Asia this week for talks on current macroeconomic trends and events, and a G7 finance officials meeting, Treasury said in a statement on Thursday. Treasury Undersecretary for International Affairs Jay Shambaugh will attend meetings of the Organization for Economic Cooperation…
By Tiyashi Datta and Helen Coster (Reuters) – Paramount Global Inc missed first-quarter revenue estimates on Thursday amid a weak advertising market in its TV business and cut its dividend. The company incurred a $1.7 billion charge in connection with its plan to integrate Showtime into its Paramount+ streaming service and remove certain programming. Shares…
