(Reuters) – Heavily armed Russian mercenaries who advanced most of the way to Moscow began turning back on Saturday, de-escalating a major challenge to President Vladimir Putin’s grip on power, in a move their leader said would avoid bloodshed. Here are reactions from investors and analysts: QUINCY KROSBY, CHIEF GLOBAL STRATEGIST AT LPL FINANCIAL: “Markets…
(In June 22 story, final paragraph, corrects amount of museum donations to be returned to $550,000 not $550 million) By Dietrich Knauth NEW YORK (Reuters) -Bankrupt crypto exchange FTX on Thursday sued a former aide to Hillary Clinton and the former aide’s investment firm, seeking to claw back $700 million in investments allegedly made with…
By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators said on Saturday they are investigating Ford Motor’s prior recalls of 710,000 Explorer SUVs over power loss reports to determine if the fix is adequate. The National Highway Traffic Safety Administration (NHTSA) noted the No. 2 U.S. automaker issued recalls in April 2022 and March on…
By Daniel Leussink, Norihiko Shirouzu and Maki Shiraki TOKYO (Reuters) – Nissan has launched an investigation into claims by a senior adviser that Chief Executive Makoto Uchida carried out surveillance of his deputy Ashwani Gupta, four people with direct knowledge of the matter said. The surveillance claims, first reported by the Financial Times, were made…
(Reuters) – Saudi Arabian Oil Company (Aramco) and TotalEnergies have signed an $11 billion contract to start building a new petrochemicals complex in Saudi Arabia, the two companies said in a joint statement on Saturday. “Aramco and TotalEnergies today awarded Engineering, Procurement and Construction (EPC) contracts for the $11 billion “Amiral” complex, a future world-scale…
DUBLIN (Reuters) – European Central Bank governing council member Gabriel Makhlouf said on Saturday that while some colleagues already feel further interest rate rises will be needed beyond July, he is prepared to wait and look at the evidence. “On the evidence that we have at the moment, it does look like, in July, there…
By Satoshi Sugiyama and Makiko Yamazaki TOKYO (Reuters) -Japanese online financial conglomerate SBI Holdings Inc said on Saturday it has raised its stake in SBI Shinsei Bank to 53.74% from 50.04% through a tender offer as a step toward taking the midsize lender private. The completion of the tender offer on Friday helps prepare for…
(Reuters) -SolarWinds said on Friday some of its former and current executives had been issued a Wells notice by the U.S. Securities and Exchange Commission over a massive 2020 data breach tied to the software firm. A Wells notice does not necessarily mean that recipients have violated any law. The SEC issues Wells notices to…
By A. Ananthalakshmi KUALA LUMPUR (Reuters) -Malaysia said on Friday it will take legal action against Facebook parent Meta Platforms for failing to remove “undesirable” posts, the strongest measure the country has taken to date over such content. Prime Minister Anwar Ibrahim’s administration has vowed to curb what it calls provocative posts that touch on…
(Reuters) -IBM is nearing a deal to acquire software company Apptio for about $5 billion, the Wall Street Journal reported on Friday, citing people familiar with the matter. A deal between the companies could be finalised over the weekend, the Journal reported, adding that it is unclear whether the purchase price includes debt. IBM and…
