By John McCrank NEW YORK (Reuters) – Nasdaq’s eye-popping $10.5 billion bet on the little known financial software company Adenza will help the exchange operator vastly expand the market for its products, from risk management and regulatory software to anti-financial crime technology. Nasdaq said on June 12 it would buy Adenza from private equity firm…
(Reuters) – U.S. existing home sales ticked higher in May to snap a two-month skid with condominium sales accounting for the modest gain, and selling prices nationally fell from a year earlier by the most in more than a decade, showing the uneven nature of the sector’s recovery from last year’s downdraft. Existing home sales…
By Howard Schneider WASHINGTON (Reuters) – U.S. Federal Reserve Gov. Michelle Bowman said Thursday that “additional policy rate increases” will be needed to control inflation she feels has essentially flatlined at a high level since late last year. The U.S. central bank “has made progress in lowering inflation, but despite the significant tightening of monetary…
(Reuters) -A tornado ripped through the northern Texas town of Matador on Wednesday, killing four people and injuring several others while damaging at least a dozen buildings, officials said. Touching down at 8 p.m. local time (0100 GMT), the “unprecedented tornado” brought high gusting and battering winds to the small community of about 600 residents,…
LONDON (Reuters) – Inflation is cooling, meaning major central banks can start to think about ending interest rate hikes even if most are not there just yet. The Bank of England, an outlier in some ways given the persistence of British inflation, on Thursday raised its benchmark rate by a bigger-than-expected half a percentage point….
By Davide Barbuscia NEW YORK (Reuters) -A hawkish tilt from Federal Reserve Chair Jerome Powell hasn’t been enough to convince some investors that the central bank is unlikely to hold U.S. interest rates at elevated levels for much longer. Testifying to U.S. lawmakers, Powell on Wednesday said the Fed had a “long way to go”…
By Nikolaj Skydsgaard COPENHAGEN (Reuters) -A thyroid cancer safety signal was raised by the EU’s drugs watchdog last month over several Novo Nordisk products including semaglutide, which is used in popular diabetes and obesity medicines Ozempic and Wegovy. The European Medicines Agency (EMA) raised the safety signal, which is a way to monitor potential adverse…
By Daniel Trotta, Brad Brooks (Reuters) -Experts raised safety concerns in 2018 about the submersible vessel that has been missing since Sunday, when it descended with tourists on a deep ocean journey to view the wreckage of the Titanic. The pilot and four passengers are aboard and the available oxygen on the vehicle has been…
LONDON (Reuters) – Two creditors of France’s Orpea have filed an application in a U.S. court against another creditor and the creditor’s financial adviser to obtain and use documentation related to the care home operator’s French legal proceedings, a source close to the situation said. Orpea creditors Kyma Capital and LMR Partners lodged on Tuesday…
By Andrew Osborn and Olzhas Auyezov (Reuters) -Ukrainian missiles struck the Chonhar road bridge connecting Crimea with Russian-held parts of the southern Kherson region overnight, forcing traffic to be diverted to a different route, Russian-appointed officials said on Thursday. The so-called “gate to Crimea”, known by Russians with a different spelling as the Chongar Bridge,…
