By Pushkala Aripaka and Yadarisa Shabong (Reuters) -Ted Baker shares tumbled by more than 20% on Tuesday after the company said its first-choice suitor had decided not to make an offer, forcing the British fashion chain to consider other options. The preferred bidder – reported to be Juicy Couture and Forever 21 owner Authentic Brands…
(Corrects to say in the fourth last paragraph uncertainty related to China’s economic situation will continue in the short term) By Scott Murdoch and Selena Li HONG KONG (Reuters) -Citigroup Inc plans to hire around 3,000 new staff for its Asia institutional business in the next few years, sharpening its focus in a fast-growing region…
By Selena Li HONG KONG (Reuters) – Credit Suisse has appointed Min Huang to lead its asset management business in the Asia Pacific, an internal memo reviewed by Reuters showed on Tuesday. The appointment comes seven months after Huang was named the bank’s interim head for APAC asset management in November. Huang, who joined the…
By Anna Ringstrom and Stine Jacobsen STOCKHOLM (Reuters) -The Swedish government will not inject new capital into SAS, its industry minister said on Tuesday, dealing a blow to the loss-making airline’s restructuring efforts and sending its shares down 14% to all-time lows. SAS said last week a restructuring plan announced in Feburary depended on it…
By Nivedita Balu (Reuters) – Elon Musk warned Twitter Inc on Monday that he might walk away from his $44 billion deal to acquire the social media company if it fails to provide the data on spam and fake accounts that he seeks. This was not the first time Musk had suggested publicly his acquisition…
BERLIN (Reuters) – Investor morale in the euro zone rose more than expected in June, the first increase after Russia’s invasion of Ukraine, a survey showed on Tuesday, as many companies have not yet felt as much impact from inflation and supply bottlenecks as feared. Sentix’s index for the euro zone rose to -15.8 points…
(Reuters) -Ted Baker said on Tuesday its preferred suitor will not make a takeover offer for the British fashion chain and that the company would now weigh other proposals received as part of the formal sale process, sending its shares tumbling nearly 19%. The London-listed group had put itself up for sale in April and…
A look at the day ahead in markets from Sujata Rao It’s a pretty eventful day in markets. U.S. 10-year yields are back above 3%, lifting the dollar to two-week highs. Then, the yen plumbed new 20-year lows, Australia upped interest rates by a half-point and the pound has fallen after a ruling party confidence…
By Kevin Buckland TOKYO (Reuters) – The dollar rallied for a second day, reaching a fresh two-decade high against the yen, as worries that inflation would prove sticky lifted Treasury yields while also hurting Asian equities, both to the U.S currency’s benefit. Meanwhile, Australia’s dollar shed gains of as much as 0.76% in the immediate…
(Reuters) – British fashion chain Ted Baker said on Tuesday that its preferred bidder did not plan to make an offer for the company and that it would now determine whether to take the formal sale process ahead with other proposals received. (Reporting by Pushkala Aripaka in Bengaluru; Editing by Shailesh Kuber)
