By Makiko Yamazaki TOKYO (Reuters) – Japan’s Daiwa Securities Group Inc aims to boost annual revenue from the M&A advisory business by 50% in eight years by hiring more bankers and acquiring boutique firms to try to expand its presence in the United States. The second-largest Japanese brokerage and investment bank is targeting global M&A…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job openings unexpectedly rose in April and data for the prior month was revised higher, pointing to persistent strength in the labor market that could compel the Federal Reserve to raise interest rates again in June. The Job Openings and Labor Turnover Survey, or JOLTS report, from the…
By Hyonhee Shin, Minwoo Park and Heekyong Yang SEOUL (Reuters) – Jeong Se-ah feels happy to see Tanaka, a Japanese bar host character from the early 2000s created by a South Korean comedian, because he revives her teenage memories of watching animations from the neighbouring nation. The 24-year-old office worker is one of a growing…
By Amy-Jo Crowley LONDON (Reuters) – The owners of All3Media, Britain’s largest independent TV production company, are exploring options that include cashing out on their joint venture in a deal worth more than 1 billion pounds ($1.26 billion), three people familiar with the matter said. Liberty Global Plc and Warner Bros Discovery Inc are considering…
By Chibuike Oguh NEW YORK (Reuters) -Global equities and U.S. Treasury yields were lower on Wednesday as risk-off sentiment dominated markets, with investors focused on a much-anticipated vote in Congress on raising the U.S. debt ceiling. The U.S. House of Representatives is set to vote on Wednesday on a bipartisan deal that would lift the…
By Katie Paul NEW YORK (Reuters) – Facebook parent Meta Platforms said on Wednesday it would remove news content in its home state of California if the state government passed legislation forcing tech companies to pay publishers. The proposed California Journalism Preservation Act would require “online platforms” to pay a “journalism usage fee” to news…
By Jack Queen (Reuters) – Sam Bankman-Fried is seeking documents from a law firm that advised his defunct FTX cryptocurrency exchange, saying in a court filing that they could help him beat fraud charges. The former crypto mogul said the documents could prove that he relied on legal advice from Silicon Valley law firm Fenwick…
By Brendan Pierson (Reuters) – Johnson & Johnson on Wednesday faced the first trial in almost two years over claims that asbestos in its baby powder and other talc products cause cancer, as it seeks to settle thousands of similar cases in bankruptcy court. Emory Hernandez, 24, says he developed mesothelioma, a deadly cancer, in…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – U.S. rate futures on Wednesday priced in a pause in interest rate hikes by the Federal Reserve at next month’s monetary policy meeting, a massive turnaround from indications of a 25 basis-point increase earlier in the session, according to Refinitiv’s FedWatch. The big catalyst were comments from Fed…
WASHINGTON (Reuters) – Ford Motor said on Wednesday it is recalling 142,000 Lincoln MKC SUVs in the United States and advising owners to park outdoors and away from structures while it investigates the cause of under hood fires. The No. 2 U.S. automaker said the issue in the 2015-2019 model year vehicles is believed to…
