TOKYO (Reuters) – An expected acceleration of inflation could hurt Japan’s economy by weighing on household income and corporate profit, Bank of Japan Governor Haruhiko Kuroda said on Tuesday. “We will patiently maintain powerful monetary easing to support an economy still in the midst of recovering from the COVID-19 pandemic’s impact,” he told parliament in…
By Iain Withers and Carolyn Cohn LONDON (Reuters) – Major British financial companies collectively narrowed their gender pay gaps last year, but some went into reverse gear, including UBS and Deutsche Bank, a Reuters analysis found. Companies in Britain with more than 250 employees have been required to publish the difference between the pay and…
(Reuters) – Gaming platform Roblox Corp’s founder and chief executive officer David Baszucki’s compensation package for 2021 totaled $232.8 million, compared with just $6.8 million a year earlier, according to a regulatory filing on Monday. The bulk of the pay package comprises a long-term performance award for Baszucki, which was valued at $232.2 million. Baszucki,…
(Reuters) – Disruptive Technology Solutions LLC and affiliated funds have filed a demand for arbitration against Wall Street bank Morgan Stanley with the Financial Industry Regulatory Authority, the Wall Street Journal reported, citing a copy of the letter it had reviewed. The investment bank is at the center of an investigation into whether Wall Street…
By Caroline Valetkevitch NEW YORK (Reuters) – Stocks on global indexes rose on Monday, with the Nasdaq and growth names leading gains on Wall Street, while the U.S. dollar strengthened on talk of more sanctions against Moscow following international outrage over Ukraine civilian killings. Adding to investor caution, the 2-year/10-year Treasury yield curve remained inverted,…
By Katanga Johnson WASHINGTON (Reuters) – Gary Gensler, the head of the U.S. securities regulator, said on Monday the agency is weighing how it could extend investor protections afforded to users of exchanges and alternative trading platforms to crypto trading platforms. The expanded Securities and Exchange Commission (SEC) oversight would require the agency to register…
MILAN (Reuters) -KKR cannot confirm its 10.8 billion euro takeover approach for Telecom Italia (TIM) unless Italy’s biggest telecoms group provides access to the its books, the U.S. fund said in a letter to TIM, according to a source. KKR submitted its non-binding takeover proposal for TIM in November, having already invested 1.8 billion euros…
(Reuters) – In the run-up to Tesla Inc Chief Executive Elon Musk’s public disclosure of a $3 billion stake in Twitter, the billionaire had criticized the microblogging site for failing to adhere to free speech principles and said he was contemplating building a new social media platform. The world’s richest person in the past months…
By Luc Cohen NEW YORK (Reuters) -A former Goldman Sachs banker should be convicted of helping loot billions of dollars from Malaysia’s 1MDB sovereign wealth fund and causing “immeasurable” harm, a U.S. prosecutor told jurors in her closing argument on Monday. Roger Ng, Goldman’s former top investment banker for Malaysia, faces charges he helped his…
By Jonathan Stempel NEW YORK (Reuters) – Valentino SpA said on Monday it has settled litigation with the landlord of its former American flagship on Manhattan’s Fifth Avenue, which the Italian fashion company abandoned because of the COVID-19 pandemic. In a statement, Valentino said its amicable settlement with the landlord 693 Fifth Owner LLC calls…
