DUBLIN (Reuters) – European Central Bank governing council member Gabriel Makhlouf said on Saturday that while some colleagues already feel further interest rate rises will be needed beyond July, he is prepared to wait and look at the evidence. “On the evidence that we have at the moment, it does look like, in July, there…
(Reuters) -IBM is nearing a deal to acquire software company Apptio for about $5 billion, the Wall Street Journal reported on Friday, citing people familiar with the matter. A deal between the companies could be completed over the weekend, the Journal reported, adding that it was unclear whether the purchase price includes debt. IBM declined…
(Reuters) – Meta and the European Union (EU) have agreed on a stress test in July on the EU’s online content rules, following EU industry chief Thierry Breton’s demand that the social media platform act immediately over Meta’s content targeting children. “Productive discussion with Meta CEO Mark Zuckerberg in Menlo Park on EU digital rules:…
By Elida Moreno PANAMA CITY (Reuters) – The Panama Canal will postpone depth restrictions that were set to affect the largest ships crossing the key waterway, the canal authority said, after much-needed rain provided relief to the strained maritime passage. A series of measures were scheduled to go into effect on June 25 and July…
MEXICO CITY (Reuters) – The World Bank said it had approved on Friday a $700 million operation for Mexico to promote public policies to create economic opportunities and expand social security for women. The operation is set to help close gender gaps, provide access to better jobs, improve safety on public transport and systems to…
By Nupur Anand NEW YORK (Reuters) – JPMorgan Chase & Co is cutting nearly 40 investment bankers in the U.S., a source with knowledge of the matter said. The reductions come after months of sluggish markets that have depressed dealmaking across Wall Street and prompted banks to lay off thousands of employees. JPMorgan’s investment banking…
By Blake Brittain (Reuters) – A Manhattan federal judge on Friday granted Hermes’ request to permanently block artist Mason Rothschild’s sales of “MetaBirkin” non-fungible tokens following a jury’s verdict that they violated the French luxury house’s trademark rights in its famed Birkin handbags. U.S. District Judge Jed Rakoff said the permanent injunction was justified because…
By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed lower on Friday, capping a week dominated by Federal Reserve Chairman Jerome Powell’s testimony in which he signaled more interest rate hikes ahead but vowed the central bank would proceed with caution. All three major U.S. stock indexes lost ground in a broad sell-off. Interest-sensitive…
By Steve Holland, Simon Lewis and Jeff Mason WASHINGTON (Reuters) -Indian Prime Minister Narendra Modi met with U.S. and Indian technology executives in Washington on Friday, the final day of a state visit where he agreed new defense and technology cooperation and addressed challenges posed by China. U.S. President Joe Biden rolled out the red…
(Reuters) – Goldman Sachs is likely to take a large writedown for its $2.2 billion acquisition of fintech lender GreenSky after seeking to divest the business it bought in 2021, CNBC reported on Friday, citing people with knowledge of the sale process. One bidder said GreenSky’s loan origination platform is worth roughly $300 million, while…
