(Reuters) -Carl Icahn disclosed on Monday he restructured $3.7 billion in personal loans to remove a link between his obligation to post collateral and his holding company’s share price, buoying the stock which had been battered following an attack by short-seller Nathan Anderson. Shares of Icahn Enterprises LP (IEP) had dropped as much as 64%…
By Michael S. Derby (Reuters) -Federal Reserve Bank of Cleveland President Loretta Mester said on Monday that still-strong levels of underlying inflation pressures are pointing the central bank toward more rate rises. “The economy has shown more underlying strength than anticipated earlier this year, and inflation has remained stubbornly high, with progress on core inflation…
SANTIAGO (Reuters) -Latin America and the Caribbean received record flows of foreign direct investment (FDI) last year, a United Nations report showed on Monday, mostly into services, manufacturing and energy as spending recovered after the pandemic. The report by the U.N. Economic Commission for Latin America and the Caribbean (ECLAC) found that FDI, or income…
By Giuseppe Fonte ROME (Reuters) – Italy has collected around 2.8 billion euros ($3.07 billion) from this year’s windfall tax on energy companies, people familiar with the matter told Reuters on Monday. The tax take is slightly above government expectations. The Treasury in December estimated the levy would yield around 2.6 billion euros. A Treasury…
(Reuters) – The New York Times said on Monday it is disbanding its sports desk and will rely on The Athletic for daily coverage of the beat, a move the newspaper said would not result in any layoffs. The Gray Lady has been looking to trim costs as advertisers dial back spending and consumers rethink…
By Svea Herbst-Bayliss and Anirban Sen (Reuters) -Morgan Stanley has hired senior investment banker Marco Caggiano from JPMorgan Chase & Co, where he led the bank’s North America mergers and acquisitions (M&A) business, people familiar with the matter said on Monday. Caggiano, a veteran investment banker who spent 23 years with JPMorgan, will join Morgan…
(Reuters) – UK-based Revolution Beauty said on Monday it could reach a settlement with top shareholder Boohoo over board changes in the coming days, after the beauty products retailer said it will hold a general meeting on Aug. 7. British online fashion retailer Boohoo had in late June urged the company to call for a…
By Tim Hepher TOULOUSE, France (Reuters) – Europe’s Airbus inaugurated a new assembly line for its A321neo jetliner in southwest France on Monday, granting a new lease of life to the deserted home of the defunct A380 superjumbo as it basks in record demand for smaller jets. Speaking in the cavernous Jean-Luc Lagardere plant outside…
By Steven Scheer and Ari Rabinovitch JERUSALEM (Reuters) -The Bank of Israel left short-term borrowing rates unchanged on Monday for the first time since early 2022, as expected, but warned that rates could be hiked further if inflation picked up again. Governor Amir Yaron said that rates would remain high for some time. He also…
NEW YORK (Reuters) – Wells Fargo promoted Dawson Her Many Horses, head of Native American Banking, to managing director, one of the first enrolled tribal members to reach that rank at a major U.S. bank, the lender said on Monday. Her Many Horses was appointed head of Native American Banking in the commercial banking division…
