By Samrhitha A and Vansh Agarwal (Reuters) – Top U.S. cybersecurity companies are expected to report another quarter of strong growth as high-profile hacks and a shift in client preference for bigger players with better integrated offerings help support their businesses in a turbulent economy. Palo Alto Networks, the largest player in the space by…
A look at the day ahead in U.S. and global markets from Mike Dolan. Well-choreographed brinkmanship over the debt ceiling standoff looks set to go down to the wire, while technology firms have once again become a battleground in tense geopolitics. Despite growing optimism last week about some bipartisan deal on lifting the U.S. debt…
(Reuters) -London-based law firm Allen & Overy and New York’s Shearman & Sterling plan to merge, they announced on Sunday, in a deal that would create one of the world’s largest legal practices with combined global revenue of approximately $3.4 billion. If approved by a vote of partners at both firms, the tie-up would be…
LONDON (Reuters) -There’s no shortage of events, data and high drama for markets in the days ahead. Wrangling over the debt ceiling in Washington continues, Greek voters head to the polls and data from the United States to China and Europe could show just how quickly inflation and economic growth are easing. Here’s a look…
By Yantoultra Ngui SINGAPORE (Reuters) – Malaysian tycoon Syed Mokhtar Al-Bukhary is looking at bringing in an investor into MMC Port Holdings – a deal that could value the country’s biggest port operator at more than 12 billion ringgit ($2.7 billion), two people with knowledge of the matter said. His conglomerate MMC Corp may sell…
By Iain Withers and Amy-Jo Crowley LONDON (Reuters) -British state-backed bank NatWest has agreed to buy 1.3 billion pounds ($1.6 billion) worth of its shares back from the government, as it edges closer towards private ownership 15 years after it was bailed out in the global financial crisis. The deal will reduce the government’s stake…
MUMBAI (Reuters) -India’s economy could see risks to growth and inflation due to challenges in the country’s external sector and weather-related uncertainties, but domestic demand remains strong, the finance ministry said on Monday. “Going forward, several factors, such as weaker-than-expected oil supply, higher-than-anticipated demand from China, intensification of geo-political tension and unfavourable weather conditions,” may…
(Reuters) -Credit Suisse AG staff are preparing to sue the Swiss financial regulator over $400 million of bonuses that were canceled after the troubled lender’s rescue by UBS Group AG, the Financial Times reported on Monday. Quinn Emanuel and Pallas, law firms which are already suing Swiss regulator Finma on behalf of investors who owned…
BEIJING (Reuters) – China’s foreign ministry on Monday urged the United States to have the right understanding of China, meet it halfway and bring bilateral relations back on track. Mao Ning, a ministry spokesperson, made the remarks in response to U.S. President Joe Biden suggesting that a shift in U.S.-China relations could occur soon. (Reporting…
By Kate Holton and Paul Sandle LONDON (Reuters) -When Vodafone named Margherita Della Valle as CEO last month, investors adopted a wait-and-see approach to whether the company veteran was the right person to jolt it out of a deep malaise. Within weeks, Della Valle gave them a stark assessment of the problems Vodafone faces. The…
