MANILA (Reuters) – Philippine Finance Secretary Benjamin Diokno said he expected the central bank, of which he is a policymaker, to take a “long pause” in raising interest rates steady as inflation is expected to ebb. The bank held its key policy rate steady at 6.25% for a second straight meeting on Thursday. “I think…
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…
By Svea Herbst-Bayliss NEW YORK (Reuters) – Software company Enfusion Inc is attracting takeover interest from private equity firms and strategic buyers, several people familiar with the matter said. Enfusion’s management has been approached in recent months by Francisco Partners, Vista Equity Partners and investment firm Irenic Capital Management, said the sources who asked not…
(Reuters) -Illumina Inc has commenced job cuts, the genetic sequencing equipment maker said on Monday, as it looks to cushion the impact of sticky inflation and a strong dollar on its business. The company also intends to further cut workforce in the third quarter and reducing its real estate footprint in California as part of…
(Reuters) – Costa Rica has unlocked a total of around $519 million for its economic reform program and a climate and sustainability program, the International Monetary Fund (IMF) said on Monday. Around $274 million went to the economic reform program, which is one installment in the more than $1 billion Costa Rica has received from…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets on Tuesday are set to open on the defensive, pressured by worries over inflation and ‘higher for longer’ interest rates globally more than fallout from the brief uprising by Russian mercenaries against the…
AMSTERDAM (Reuters) – Dutch computer chip equipment maker ASML may refuse job applicants on the basis of their nationality when required to do so by U.S. export rules, a Dutch human rights body has found. The decision by the Netherlands’ Institute for Human Rights affirmed that ASML may reject job applicants from Iran, Syria, Cuba…
By Stephen Culp NEW YORK (Reuters) – Wall Street lost ground on Monday and crude prices advanced as investors digested the aborted Russian mutiny over the weekend and wrestled with lingering concerns over the path of Federal Reserve monetary policy. All three major U.S. stock indexes ended red, with megacap momentum stocks pulling the tech-heavy…
