By Foo Yun Chee BRUSSELS (Reuters) – German business software maker SAP and German engineering company Siemens have joined U.S. tech giants in criticising draft EU laws on the use of data generated by smart gadgets and other consumer goods. EU countries and EU lawmakers are working on the details of the Data Act, proposed…
By Howard Schneider and Ann Saphir (Reuters) -Credit conditions for U.S. business and households continued tightening in the first months of the year, according to a Federal Reserve survey of bank loan officers, but the results seemed to mark the accumulating impact of Fed monetary tightening rather than the cliff-like decline in credit some feared…
By Andrea Shalal WASHINGTON (Reuters) – Treasury Secretary Janet Yellen is reaching out to U.S. business and financial leaders to explain the “catastrophic” impact a U.S. default on its debt would have on the U.S. and global economies, two sources familiar with the matter said on Monday. The Treasury secretary is having one-on-one conversations with…
By Michael S. Derby (Reuters) – U.S. consumers said last month they expected slightly lower inflation in a year’s time, the New York Federal Reserve said in a report that also showed the bank stresses that kicked off in March weren’t weighing heavily on the moods of Americans. The regional Fed bank reported as part…
SAO PAULO (Reuters) – Brazilian Finance Minister Fernando Haddad ended months of uncertainty on Monday as he revealed that Gabriel Galipolo, his second-in-command at the ministry, will be nominated for a top position at the central bank, which the government has heavily criticized for its high borrowing costs. Haddad said that Galipolo, the former CEO…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose over 2% on Monday as U.S. recession fears eased and some traders saw crude’s three-week slide on demand worries as overdone. Brent crude settled up $1.71, or 2.3%, at $77.01. U.S. West Texas Intermediate (WTI) crude also gained $1.82, or 2.6%, to $73.16. A healthy U.S….
By Jonathan Stempel (Reuters) – One of the biggest hits from the just-concluded annual love fest for Warren Buffett showed the enduring popularity of the investing legend: plush, squishy toys featuring the billionaire and his business partner Charlie Munger. On Friday, the start of Berkshire Hathaway Inc’s three-day shareholder weekend, thousands thronged a convention hall…
By Supantha Mukherjee STOCKHOLM (Reuters) – Estonian ride-hailing and food delivery startup Bolt expects to turn profitable in the next 12 months and be ready for an initial public offering in 2025, its Chief Executive Officer Markus Villig said in an interview. The company, a rival of Uber, was valued at over $8 billion when…
By Kane Wu and Anirban Sen HONG KONG/NEW YORK (Reuters) – Bain Capital is seeking to raise $4 billion for a new global “special situations fund” as the U.S. firm sees an opportunity to snap up distressed and equity investments, two people familiar with the matter said. Bain Capital kicked off the fundraising at the…
PARIS (Reuters) – Ryanair is close to signing a major new aircraft order with Boeing, two people familiar with the matter said on Monday. The multi-billion-dollar deal for a three-digit quantity of 737 MAX jets could be announced as early as Tuesday, they added, asking not to be named. Boeing and Ryanair declined to comment….
