By Amruta Khandekar and Shreyashi Sanyal (Reuters) – European shares jumped on Wednesday as further evidence of easing consumer inflation in the United States boosted hopes that the Federal Reserve could end its market-punishing interest rate hikes soon, with technology and miners leading gains. The pan-European STOXX 600 index closed 1.5% higher, extending gains to…
By Anirban Sen NEW YORK (Reuters) -Wildcat Capital Management LLC, which manages the wealth of buyout firm TPG Inc’s co-founder David Bonderman, has asked Consolidated Communications Holdings Inc to reject an offer to take the company private for $2.9 billion including debt. A non-binding $4-per-share all-cash offer for the broadband services provider undervalues it by…
By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Broadcom secured EU antitrust approval on Wednesday for its $61 billion proposed acquisition of cloud computing firm VMware after offering remedies to help rival Marvell Technology. The deal, Broadcom’s largest ever, will help the chipmaker diversify into enterprise software. Broadcom offered Marvell and other rivals interoperability…
By Jorgelina do Rosario LONDON (Reuters) -Global public debt surged to a record $92 trillion in 2022 as governments borrowed to counter crises, such as the COVID-19 pandemic, with the burden being felt acutely by developing countries, a United Nations report said. Domestic and external debt worldwide has increased more than five times in the…
By Richa Naidu and Jessica DiNapoli LONDON/NEW YORK (Reuters) -Top U.S. and European investors are flagging their concerns about high prices to consumer goods companies, with Janus Henderson going so far as to cut some stakes it holds and shorting food makers it believes are at risk of losing customers. The industry, which is due…
By David Carnevali and Svea Herbst-Bayliss NEW YORK (Reuters) – Morgan Stanley has hired veteran investment banker Daniel Cohen from Truist Financial Corp, where he was the head of the firm’s healthcare services advisory business, a person familiar with the matter said on Wednesday. In his new role, Cohen will continue to focus on dealmaking…
By Shankar Ramakrishnan and Matt Tracy (Reuters) – Banks are showing a growing willingness to rework the terms of U.S. commercial real estate loans to prevent defaults, mitigating near-term losses but also masking growing stress in some parts of the market. As U.S. commercial real estate has come under pressure, with offices and retail struggling…
By William Schomberg LONDON (Reuters) – Britain’s economy is showing some signs of strain from the Bank of England’s 13 back-to-back interest rate increases, but the jobs market is still generating inflationary heat and consumers have not reined in their spending sharply. The BoE is expected to keep on raising borrowing costs as it tries…
By Ana Mano and Roberto Samora SAO PAULO (Reuters) -JBS SA, the world’s largest meat packer, on Wednesday proposed listing its shares in New York, hoping the move will bring its multiples closer to peers and that a broader investor base will give it more access to cheaper capital, sending its shares up 8% in…
(Reuters) – Canadian ecommerce firm Shopify said on Wednesday it would soon launch an artificial intelligence assistant for merchants on its platform, the latest technology company to roll out such a feature. The assistant called “Sidekick” would be embedded as a button on Shopify and answer merchant queries, including details about sales trends, CEO Tobi…
