TOKYO (Reuters) – Japan’s jobless rate was flat at 2.6% in May from the previous month, government data showed on Friday. The seasonally adjusted unemployment rate also matched economists’ median forecast of 2.6% in a Reuters poll. The jobs-to-applicants ratio slipped to 1.31 from 1.32 in April, separate labour ministry data showed. For a table…
(Reuters) – Circor International said on Thursday that KKR & Co had raised its offer for the industrial machinery maker by $5 to $56 per share in cash, as the investment firm looks to fend off a rival bid from Arcline Investment Management. The new offer includes a ticking fee of $1 per share if…
By Manya Saini and Chibuike Oguh (Reuters) – U.S. bank stocks rose on Thursday after the Federal Reserve’s annual health checks showed lenders could weather an economic slump, easing investor fears after Silicon Valley Bank and two other lenders failed this year. But analysts remained skeptical the strong performance would lead to bigger dividends and…
By Karen Freifeld (Reuters) -The United States and the Netherlands are set to deliver a one-two punch to China’s chipmakers this summer by further restricting sales of chipmaking equipment, part of the countries’ ongoing effort to prevent their technology from being used to strengthen China’s military. While the Dutch are planning to curb certain equipment…
(Reuters) -Paysafe Payment Solutions, Binance’s European banking partner, said on Thursday it will cease offering its embedded wallet solution to the U.S. cryptocurrency exchange across the European Economic Area (EEA) from Sept. 25. “Paysafe and Binance are now working to mutually implement an orderly and fair process to terminate this service over the next few…
NEW YORK (Reuters) – Members of Goldman Sachs’ board nominated former Bank of America executive Tom Montag to join as an independent director, according to a filing on Thursday. Montag was recommended to join the board’s audit, risk and corporate governance and nominating committees at the group’s next meeting, the Wall Street bank said in…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets bring an eventful first half of the year to a close on Friday with investors bracing for a raft of top tier economic data, particularly from China and Japan, and digesting yet another…
By David Lawder and Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund’s executive board on Thursday completed its first review of Ukraine’s $15.6 billion loan program, allowing Kyiv to immediately withdraw $890 million for budget support as it mounts a major offensive against Russia’s invasion. The board’s approval brings Ukraine’s withdrawals under the program launched…
By Victor Borges and Marcela Ayres BRASILIA (Reuters) -Brazil’s National Monetary Council (CMN), the country’s top economic policy body, decided on Thursday to set its 2026 inflation target at 3% and tweak the time frame to assess the inflation goal’s fulfillment, confirming market expectations on both fronts. Currently, the CMN sets annual inflation targets that…
By Dietrich Knauth NEW YORK (Reuters) -Overstock.com intends to sunset its company name and rebrand as Bed Bath & Beyond after purchasing that company’s intellectual property assets in bankruptcy, Overstock CEO Jonathan Johnson said on Thursday. Overstock, which chose not to bid on any of Bed Bath & Beyond’s retail locations or inventory, will remain…
