By Iain Withers and Chiara Elisei LONDON (Reuters) – HSBC’s move to ditch its 45-floor Canary Wharf tower in favour of a much smaller development in central London is one of the most visible examples yet of an office downsizing trend that’s rocking commercial real estate markets globally. Europe’s largest bank told staff on Monday…
By Sinéad Carew, Sruthi Shankar and Johann M Cherian (Reuters) – U.S. stocks closed lower on Monday, as investors were wary of betting on riskier assets before seeing the outcome of Russia’s aborted weekend mutiny. The rebellion by Russian mercenaries raised questions about President Vladimir Putin’s future. While Putin on Monday thanked mercenary fighters and…
By Chibuike Oguh NEW YORK (Reuters) -Shares of SL Green Realty Corp surged on Monday after the real estate investment trust (REIT) said it had sold a nearly 50% stake in one of its New York City office buildings at a $2 billion valuation. The deal could spell hope for the Big Apple’s beleaguered commercial…
By Marc Jones LONDON (Reuters) – The world’s central bank umbrella body, the Bank for International Settlements (BIS), called on Sunday for more interest rate hikes, warning the world economy was now at a crucial point as countries struggle to rein in inflation. Despite the relentless rise in rates over the last 18 months, inflation…
(Reuters) -Trading platform Robinhood Markets said on Monday it was cutting some of its full-time jobs, as it looks to offset costs amid slowing demand for its services. The Menlo Park, California-based company added that in some cases, teams could make changes based on volume, workload and other factors. Earlier in the day, the Wall…
(Reuters) – U.S. investment giant Blackstone Inc is fielding offers for half of its interest in the real estate of the Bellagio hotel in Las Vegas, Bloomberg News reported on Monday. The investment firm is considering its options and has not committed to a sale, the report said, citing people familiar with the matter. Blackstone…
By Hyunjoo Jin (Reuters) – A Tesla vehicle that was operating on its Autopilot software crashed into a stationary truck on a highway in Pennsylvania on Friday night, police said, adding to scrutiny of the automaker’s driver assistance system. The Tesla was traveling in the middle lane when it struck the rear end of a…
NEW YORK (Reuters) -JPMorgan Chase & Co and General Dynamics Corp board member Jim Crown was killed on Sunday in a vehicle accident near Aspen, Colorado, a county coroner said. Crown was involved in a single vehicle accident at the Aspen Motorsports Park in Woody Creek, Colorado, the Pitkin County Coroner’s office said in a…
(Reuters) – Group Black is in talks to buy a majority stake in Arena Group Holdings Inc, the publisher of Sports Illustrated magazine, the Wall Street Journal reported on Monday, citing people familiar with the matter. The discussions with Arena, which also houses publications such as TheStreet, Parade, and Men’s Journal, are in continuing efforts…
WASHINGTON (Reuters) -The U.S. Army said on Monday it had selected General Dynamics and American Rheinmetall to compete to replace the Bradley fighting vehicle, in a deal that could be worth more than $45 billion to the winner. The two, narrowed from an original field of five, will get contracts to develop detailed digital designs…
