(Reuters) -The U.S. Federal Trade Commission (FTC) on Monday told a federal court it wanted to drop its lawsuit against a proposed $11.7 billion proposed acquisition of data vendor Black Knight by NYSE-owner Intercontinental Exchange (ICE), as the sides try to negotiate a settlement to close the deal. The companies and the FTC filed a…
By Anna Mehler Paperny TORONTO (Reuters) – Members of the Lytton First Nation are again fleeing their homes amid record-setting blazes in the Canadian province of British Columbia, with the Indigenous community yet to replace dozens of buildings razed in a devastating fire two years ago. The First Nation ordered 14 people to evacuate late…
By Selena Li HONG KONG (Reuters) -Around 80% of Hong Kong-based investment banking staff at Credit Suisse will be made redundant starting this week, two people with knowledge of the matter said, as part of the bank’s integration with UBS Group. Only about 20 bankers will be spared the cuts that will impact Credit Suisse’s…
By Saeed Azhar NEW YORK (Reuters) -Goldman Sachs’ global head of commodities research Jeff Currie, a prominent analyst who accurately predicted a surge in commodity prices in the 2000s, is retiring, according to a memo seen by Reuters. Currie is leaving after 27 years. His departure is the latest high-profile exit from the Wall Street…
By Luc Cohen NEW YORK (Reuters) -A former FBI agent accused by U.S. prosecutors of working for sanctioned Russian oligarch Oleg Deripaska may change his plea in relation to criminal charges of evading U.S. sanctions and money laundering, court records showed on Monday. Charles McGonigal had previously pleaded not guilty. A change of plea hearing…
BEIJING (Reuters) – China’s Foreign Minister Wang Yi told his Russian counterpart Sergei Lavrov in a phone conversation on Monday that China would uphold an independent and impartial position on Ukraine as it strives to find a political settlement to the issue. Wang’s comments to Lavrov were announced in a Foreign Ministry statement on Monday…
By Mrinalika Roy (Reuters) -Sherwin-Williams has suspended production at its manufacturing facility in Garland, Texas, following an explosion and resulting fire, the paints and coatings maker said on Monday. One employee was taken to the hospital after sustaining a “minor injury” and was later discharged, company spokesperson Julie Young told Reuters. There were no fatalities…
By Asif Shahzad ISLAMABAD (Reuters) – Pakistan’s former Prime Minister Imran Khan, convicted in a graft case, has been jailed for three years in a fresh setback to the 70-year-old former cricket hero’s political career. Khan, Pakistan’s main opposition leader, faces a long legal battle to save his political career ahead of a national election…
By Uditha Jayasinghe and Swati Bhat COLOMBO (Reuters) -Monetary policy transmission to the real economy in Sri Lanka is still incomplete, the governor of the country’s central bank, Nandalal Weerasinghe, said at a LSEG FX Community Event on Monday. Weerasinghe said he would like to see private sector interest rates come down further and at…
By Yousef Saba and Maha El Dahan DUBAI (Reuters) – Saudi state oil giant Aramco on Monday announced an additional near $10 billion dividend, most of which will go to the government, the first of several extra payouts on top of its expected $153 billion base dividend for 2022 and 2023. Aramco will begin paying…
