(Reuters) – A senior Ukrainian official said on Monday talks about the Ukraine war held in Saudi Arabia dealt a “huge blow” to Russia, while key Kremlin ally China declared it remained impartial in the conflict following its participation in the discussions. More than 40 countries, including China, India, the United States and European countries,…
By Shashwat Chauhan, Amruta Khandekar and Shristi Achar A (Reuters) – European stocks edged higher on Monday as investors awaited key inflation figures from across the globe this week to gauge the outlook for interest rates, while the defence sector rose to record highs amid rising geopolitical uncertainty. The pan-European STOXX 600 closed up 0.1%…
By Carolina Pulice MEXICO CITY (Reuters) -Latin American e-commerce company MercadoLibre has reached five million clients in its insurance business, according to a senior executive, marking another step forward in its bid to become the largest financial and e-commerce ecosystem in the region. MercadoLibre reached the milestone in less than four years thanks to heavy…
By Jarrett Renshaw WILMINGTON, Delaware (Reuters) -President Joe Biden kicks off a visit to three Western U.S. states on Monday as he aims to invigorate his reelection bid by highlighting recent economic gains and funding for new infrastructure projects. Biden’s trip to New Mexico, Utah and the key electoral battleground of Arizona represents a stark…
KYIV (Reuters) -A senior Ukrainian official said on Monday that the weekend’s talks in Saudi Arabia about the war in Ukraine dealt a “huge blow” to Russia, and that the participants agreed to hold another meeting of political advisers within about six weeks. More than 40 countries, including China, India, the United States, and European…
(Reuters) – Brokerage Morgan Stanley on Monday warned that lofty U.S. equity valuations could be questioned by investors if aggressive fiscal spending is curtailed after the downgrade of sovereign debt by ratings agency Fitch last week. MS equity strategist Michael J Wilson noted that massive fiscal stimulus, prompted by the COVID-19 pandemic since its outbreak…
By Dietrich Knauth NEW YORK (Reuters) – Oxycontin maker Purdue Pharma on Friday asked the U.S. Supreme Court to reject the U.S. Department of Justice’s request to delay its multi-billion-dollar bankruptcy settlement resolving thousands of lawsuits against it over the opioid epidemic. The department’s bankruptcy watchdog last week asked the Supreme Court to pause the…
By Rishav Chatterjee and Scott Murdoch (Reuters) -Global private equity firm Bain Capital will pay A$838 million ($551.3 million) for Australian aged care operator Estia Health, pushing the takeover target’s stock to a near five-year high in a sign that appetite for deals down under remains strong. The Sydney-based Estia said on Monday it had…
By Foo Yun Chee BRUSSELS (Reuters) -Adobe’s $20 billion bid for cloud-based designer platform Figma could reduce competition in global markets for interactive product design tools and also shut out rivals, EU antitrust regulators said on Monday. The European Commission said it opened a full-scale investigation into the deal after a preliminary review triggered concerns,…
(Reuters) -U.S. packaged food maker Campbell Soup will buy Michael Angelo’s and Rao’s owner Sovos Brands for $2.33 billion in cash, the company said on Monday, beefing up its meals and beverages business with the maker of premium Italian sauces. Campbell will pay $23 per share for Sovos, a nearly 28% premium to the stock’s…
