NEW YORK (Reuters) – The U.S. economy should avoid a recession this year while inflation will fall closer to target, implying “a positive outlook for capital flows to emerging markets,” a global banking trade group said in a Wednesday report. Latin America as a whole is expected to be among foreign money’s favorite destinations among…
ZURICH (Reuters) – Switzerland’s parliament announced on Wednesday the 14 members of a special commission that will look into Credit Suisse’s collapse and its subsequent rescue engineered by Swiss authorities. The appointments, decided by the offices of the Swiss lower and upper houses of parliament, marked one of the final steps needed for the panel…
SAO PAULO (Reuters) – Retail sales in Brazil rose for the second consecutive month in April driven by Easter sales, data from government statistics agency IBGE showed on Wednesday, but that was still not enough for them to meet market expectations. Sales increased 0.1% in the month compared with March, IBGE said in a report,…
By David Carnevali (Reuters) – French aerospace engine maker Safran SA is nearing an approximately $1.8 billion deal to acquire a Raytheon Technologies Corp unit that makes flight controls for aircraft, helicopters and missiles, according to a person familiar with the matter. The deal rids Raytheon of a low-margin business it inherited from its $120…
By David French (Reuters) – One of SilverBow Resources Inc’s largest shareholders called on the U.S. oil and gas producer on Wednesday to drop its anti-takeover defenses and explore a sale, according to a letter reviewed by Reuters. Hedge fund Riposte Capital wrote in the letter that Houston-based SilverBow’s valuation was weighed down by adoption…
By David Shepardson WASHINGTON (Reuters) -A U.S. judge late on Tuesday granted the Federal Trade Commission’s (FTC) request to temporarily block Microsoft Corp’s acquisition of video game maker Activision Blizzard and set a hearing next week. U.S. District Judge Edward Davila scheduled a two-day evidentiary hearing on the FTC’s request for a preliminary injunction for…
MILAN (Reuters) – Telecom Italia’s (TIM) leading investor Vivendi is facing a rival candidate in the race to fill a vacant seat on the former phone monopoly’s board, two sources briefed on the matter said. French media group Vivendi, which owns a 24% stake in TIM, is sponsoring Luciano Carta, a former chairman at Italian…
(Reuters) – Chip designer Nvidia closed Tuesday with a trillion-dollar market value for the first time, part of a steady climb in the stock’s price in recent months on the back of the artificial intelligence (AI) boom. Here’s an explainer on Nvidia and its role in powering the radical new technology. HOW BIG IS NVIDIA…
By Elvira Pollina and Mathieu Rosemain MILAN (Reuters) – Merger and acquisition speculation has lifted shares in MFE, the late Silvio Berlusconi’s TV business, following his death, but a number of obstacles stand in the way of any rapid deal. With a 19.8% MFE stake, Vivendi is widely seen as the natural buyer for MFE….
NEW DELHI (Reuters) – Most G20 member nations are of the view that banking systems and regulations in their countries are steady, India’s chief economic advisor said on Wednesday. “Most country members who spoke expressed the view or the hope that their individual country regulations and banking systems were sound, and they don’t anticipate any…
