By Svea Herbst-Bayliss NEW YORK (Reuters) – One of Diversified Healthcare Trust’s (DHC) largest shareholders is opposing the real estate investment trust’s merger with Office Properties Income Trust (OPI), saying the deal undervalues the REIT by 90% and there are better alternatives to an all-share deal. Flat Footed LLC, which holds a 7.4% stake, said…
(Refile to change “customer” to “consumer services” in last paragraph) By Chibuike Oguh NEW YORK (Reuters) -Private equity firm GTCR LLC has raised its largest fund ever, collecting $11.5 billion from investors to acquire companies that span the technology, healthcare, financial and consumer services sectors, it told Reuters on Tuesday. The milestone defies fundraising challenges…
By Clara Denina and Helen Reid LONDON (Reuters) – Mining firms lag far behind other sectors on female representation in top leadership, data released on Tuesday showed. S&P Global Commodity Insights’ figures highlight the industry’s struggle to improve gender equity, with women filling just 12.1% of the highest-ranking executive positions across more than 2,000 publicly-listed…
By Huw Jones LONDON (Reuters) -International securities watchdog IOSCO unveiled on Tuesday the first global approach to regulating cryptoasset and digital markets, drawing on lessons from last year’s collapse of the FTX exchange that fuelled concerns over consumer protection. The industry, which typically only has to comply with anti-money laundering checks, has been calling for…
By Howard Schneider WASHINGTON (Reuters) -A tight U.S. job market and rising wages are beginning to have more of an impact on inflation and could embed faster rising prices if the demand for workers is not brought into better balance with the labor force, new research from an ex-Federal Reserve chief and a former top…
(Reuters) – Alibaba Group Holding Ltd’s cloud unit has started a round of downsizing that will impact 7% of the staff as it streamlines its business in preparation for an IPO, a source familiar with the matter said on Tuesday. The cloud unit has started to offer severance to employees, the source said. Alibaba did…
By Howard Schneider WASHINGTON (Reuters) – The U.S. Federal Reserve’s 2020 move to put more weight on jobs in setting monetary policy “created more problems than it solved” as inflation surged and policymakers responded more slowly than they otherwise might have, economists including a former Fed vice chair said in research critical of that change….
By George Obulutsa NAIROBI (Reuters) – International Monetary Fund staff and Kenya have reached an agreement that could unlock more than $1 billion of new financing, which could help relieve pressure on government finances in East Africa’s largest economy. Kenya’s finances have been under strain from rising debt repayments and the effects of the worst…
WASHINGTON (Reuters) – U.S. business activity increased to a 13-month high in May, lifted by strong growth in the services sector, the latest indication that the economy regained momentum early in the second quarter despite rising risks of a recession. S&P Global said on Tuesday its flash U.S. Composite PMI Output Index, which tracks the…
MILAN (Reuters) – BlackRock, the world’s biggest asset manager, has named Giovanni Sandri, its current head of Italy, as head of southern Europe, creating a cluster that also includes Spain, Portugal, Greece and Israel, two sources familiar with the matter said. The southern Europe cluster follows similar regional hubs BlackRock has created across Europe such…
