By Deisy Buitrago and Vivian Sequera CARACAS (Reuters) -Iran and Venezuela want to increase bilateral trade to $20 billion, up from $3 billion, Iranian President Ebrahim Raisi said on Monday during a visit to Caracas. During the visit the two countries signed a memorandum of understanding to expand cooperation in petrochemicals with a view to…
By David Morgan WASHINGTON (Reuters) -U.S. House Speaker Kevin McCarthy reached an agreement on Monday with an insurgent group of Republican conservative hardliners that will allow legislation to move forward this week, following a standoff that had paralyzed the chamber for days. But the lawmakers, including members of the ultra-conservative House Freedom Caucus, warned that…
By Ludwig Burger (Reuters) -Novartis said it has agreed to acquire U.S. biotech firm Chinook Therapeutics for up to $3.5 billion to boost its late-stage drug development line-up, raising the stakes in the race for a rare kidney disease treatment. Seattle-based Chinook’s shareholders will receive $3.2 billion, or $40 per share, in cash under the…
(Reuters) -Oracle on Monday topped fourth-quarter revenue estimates and forecast an upbeat first quarter, driven by growing demand for its cloud offerings from companies deploying AI, sending its shares up nearly 4%. Oracle’s push into the cloud computing market has started to bear fruit, helped by its acquisition of electronic medical records firm Cerner last…
By Anthony Boadle BRASILIA (Reuters) -European Commission President Ursula von der Leyen on Monday said the EU hopes to finalize its long-delayed trade deal with the Mercosur bloc of South American countries by the end of the year at the latest. Brazilian President Luiz Inacio Lula da Silva, after meeting with von der Leyen, criticized…
BRASILIA (Reuters) -Brazil’s central bank chief, Roberto Campos Neto, indicated on Monday that an improvement in market conditions is paving the way for a shift in monetary policy, while more benign inflation has increased investor bets for earlier interest rate cuts. Speaking at an event hosted by IDV, a group that brings together major retailers…
By Noel Randewich and Shristi Achar A (Reuters) – The S&P 500 and the Nasdaq rallied on Monday to their highest closing levels since April 2022, while Oracle hit a record high ahead of quarterly results as investors awaited inflation data and the Federal Reserve’s interest rate decision this week. Lifted by gains in market…
By Jody Godoy A former Goldman Sachs banker leaked details of potential corporate mergers to a friend who traded on the information, a prosecutor told a New York jury during opening arguments of a trial on Monday. Former Goldman Sachs Vice President Brijesh Goel faces securities fraud, conspiracy and obstruction of justice charges for allegedly…
By Lewis Krauskopf (Reuters) – A look at the day ahead in Asian markets from Lewis Krauskopf, U.S. markets correspondent Markets face a question heading into Tuesday’s action — will the U.S. inflation report spoil the mood? Asian investors are waking up to another upbeat session in global stock markets. Wall Street’s major averages continued…
By Sinéad Carew and Elizabeth Howcroft NEW YORK/LONDON (Reuters) – Global stocks gained ground, hitting their highest level in more than a year on Monday, while U.S. Treasury yields and the dollar were virtually unchanged ahead of key U.S. inflation readings and interest rate decisions later this week from the U.S. Federal Reserve and other…
