(Reuters) – U.S. bank Wells Fargo said on Monday Malcolm Price has joined its corporate and investment bank (CIB) as the head of financial sponsors, after 35 years at Credit Suisse. During his time at Credit Suisse, Price helped form its financial sponsors coverage business in 1996. He was the Swiss bank’s first head of…
By Prak Chan Thul PHNOM PENH (Reuters) -Cambodia’s king on Monday approved the nomination of the Western-educated son of Prime Minister Hun Sen to become the next premier, confirming a much-anticipated transfer of power by one of the world’s longest-serving leaders. The decree endorsing 45-year-old army general Hun Manet requires the approval of the National…
(Reuters) -The contours of the debate at the heart of the Federal Reserve’s policy decision next month came into clearer view on Monday as officials outlined the case for and against another interest rate hike. “The debate is really about: Do we need to do another rate increase? Or not? … I think we’re pretty…
ROME (Reuters) – A group of airlines operating in Italy on Monday criticised government plans to curb ticket prices at the height of the summer season, saying they could breach European Union free market rules. Prime Minister Giorgia Meloni’s cabinet was set to approve later on Monday a decree law covering a range of subjects…
By Hyunsu Yim and Ju-min Park SEOUL (Reuters) – Tens of thousands of youngsters will be evacuated from the campsite of the World Scout Jamboree in South Korea to get them out of the path of a looming typhoon, organisers said on Monday, days after hundreds fell ill amid soaring temperatures. The storm on top…
(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…
