SAO PAULO (Reuters) – Heineken NV, the world’s second-largest brewer, said on Thursday it will invest 1.5 billion reais ($300.8 million) in Brazil as part of an expansion plan for its premium and single malt beer portfolios. Brazilian beer drinkers are among the world’s biggest consumers of Heineken, according to the company. The planned investment…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A sea of red on Wall Street and renewed turmoil across the U.S. regional banking sector on Thursday suggest Asian markets go into Friday’s session on the defensive, bringing what has been a surprisingly resilient week for local…
WASHINGTON (Reuters) -Pressure is growing on U.S. regulators to take more steps to shore up the country’s banking sector as a renewed rout in regional lenders’ shares forced PacWest Bancorp to explore options to bolster its balance sheet. Wall Street executives and bank analysts called for regulators to quickly provide more protection for bank deposits…
(Reuters) – Russian drones attacked the Ukrainian capital Kyiv on Thursday evening, the fourth assault in as many days subjecting residents to spasms of gunfire and explosions, and at least one drone was shot down. FIGHTING * Russia said the United States was behind a purported drone attack on the Kremlin on Wednesday night aiming…
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve data on Thursday showed a large part of the central bank’s emergency lending activities in recent weeks were tied up with the now-shuttered First Republic Bank. The Fed reported that while overall emergency lending to banks in the latest week tipped down a bit, the…
By Elvira Pollina and Juby Babu (Reuters) – Telecom Italia (TIM) said on Thursday it was unhappy with sweetened bids submitted by suitors for its fixed network, and set a final deadline of June 9 to receive an improved offer from at least one of the bidders. TIM directors gathered on Thursday to draw a…
By Sinéad Carew NEW YORK (Reuters) – A global measure of stocks fell for the fourth consecutive day while the dollar gained some ground as the European Central Bank raised rates on Thursday and signalled the need for more tightening a day after the U.S. Federal Reserve also raised rates. U.S. Treasury yields were lower…
CHICAGO (Reuters) -JBS USA, one of biggest U.S. meatpackers, is creating an internal company to clean some of its processing plants after a private sanitation firm it employed was accused of hiring children for dangerous work. The launch shows the complexities involved in replacing Packers Sanitation Services Inc (PSSI), a firm that contracts to clean…
By Nichola Groom and Moira Warburton WASHINGTON (Reuters) -The U.S. Senate on Wednesday voted to repeal President Joe Biden’s suspension of tariffs on solar panels from four Southeast Asian nations, a measure aimed at supporting the small domestic manufacturing industry. Biden has vowed to veto the legislation, which passed the House of Representatives last…
(Reuters) -The U.S. Federal Deposit Insurance Corporation is planning to exempt smaller lenders from kicking in extra money to replenish the government’s bedrock deposit insurance fund, and instead saddle the biggest banks with much of the bill, Bloomberg News reported on Thursday, citing people familiar with the matter. The FDIC is planning to release a…
