New York factory activity slumps in May – NY Fed
WASHINGTON (Reuters) – The New York Federal Reserve said on Monday its barometer of manufacturing activity in New York State…
Economy
Exclusive-Nationalised German energy firms pay traders big bonuses after losing billions
By Dmitry Zhdannikov, Marwa Rashad and Christoph Steitz LONDON/FRANKFURT (Reuters) – German energy firms Sefe and Uniper have awarded some…
Exclusive-Kioxia, Western Digital speed up merger talks as memory chip demand slumps -sources
By Maki Shiraki and Makiko Yamazaki TOKYO (Reuters) – Kioxia Holdings Corp and Western Digital Corp are speeding up merger…
Australia’s InvoCare gets higher $1.3 billion offer from TPG, shares jump
By Scott Murdoch and Himanshi Akhand (Reuters) -Australia’s InvoCare Ltd shares jumped nearly 12% on Monday after it revealed a…
TPG to buy investment firm Angelo Gordon in $2.7 billion deal
By Kannaki Deka (Reuters) – U.S. private equity firm TPG Inc said on Monday it would buy alternative investment firm Angelo…
US Supreme Court rejects Teva challenge to $235 million GSK award in patent dispute
By Blake Brittain WASHINGTON (Reuters) – The U.S. Supreme Court on Monday declined to hear Teva Pharmaceuticals USA Inc’s challenge…
EU’s Gentiloni sees no risk of EU real estate or debt crisis as rates rise
BRUSSELS (Reuters) – Europe is not in danger of a real estate or debt crisis as a result of the…
Morgan Stanley to increase Paris staff to 500 by 2025
PARIS (Reuters) – Morgan Stanley’s plan to increase headcount in France by 200 by 2025 would bring its total staff…
BAT names finance director Marroco as CEO as Bowles bows out
By Yadarisa Shabong and Richa Naidu (Reuters) -British American Tobacco appointed finance director Tadeu Marroco as CEO on Monday, succeeding…
Sarepta surges after FDA panel backs Duchenne gene therapy
By Aditya Samal (Reuters) -Shares of Sarepta Therapeutics jumped 25% on Monday as a backing by the U.S. health regulator’s…