(Reuters) -Take-Two Interactive is buying “Farmville” creator Zynga in an $11.04 billion deal, the “Grand Theft Auto” maker said on Monday, as it looks to tap into a surge in on-the-go gaming on smartphones. Take-Two, also known for “Red Dead Redemption”, offered $9.86 per share, representing a 64% premium to the last closing price of…
By Tom Sims and Alexander Hübner FRANKFURT (Reuters) – Marked by devastating hurricanes and cold snaps in the United States, 2021 proved the second-most costly year on record for the world’s insurers, Munich Re said on Monday, warning that extreme weather was more likely with climate change. Insured losses from natural catastrophes totalled around $120…
(Reuters) -Lululemon Athletica Inc said on Monday it expects the Omicron coronavirus variant to have dented holiday-quarter results as the yoga-wear maker cut down on staffing and store hours during the key shopping period, sending its shares down 7%. Omicron has further hurt the retail sector that has been grappling with shipping delays and product…
By Andrea Shalal WASHINGTON (Reuters) – Sixteen Democratic lawmakers are urging U.S. Treasury Secretary Janet Yellen to back a review aimed at ending the International Monetary Fund’s policy of charging countries significant surcharges on larger loans that are not repaid quickly. In a Jan. 10 letter to Yellen led by Representatives Jesus Garcia and Alexandria…
By Nick Carey LONDON (Reuters) – Luxury carmaker Rolls-Royce, a unit of Germany’s BMW, said on Monday its sales soared 49% to a record high in 2021 despite the global coronavirus pandemic, as demand worldwide for luxury vehicles surged. In an online presentation, Rolls-Royce CEO Torsten Müller-Ötvös said the carmaker sold 5,586 vehicles to customers…
BERLIN (Reuters) – Ford has appointed Audi’s Europe sales chief Martin Sander into a new role heading up its German operations as well as running passenger vehicles for Europe, the company said on Monday. The new position will combine the role of chair of Ford-Werke GmbH in Germany and General Manager of passenger vehicles for…
By Rodrigo Campos NEW YORK (Reuters) – Argentina’s insistence on its deficit spending plan is putting it on a fresh collision course with the International Monetary Fund, though analysts predict the country will be forced to change tack and clinch a deal to avoid a bigger crisis. The Argentine government and the IMF have been…
By Bozorgmehr Sharafedin LONDON (Reuters) – Oil prices edged up on Monday as supply disruptions in Kazakhstan and Libya offset worries stemming from the rapid global rise in Omicron infections. Brent crude rose 19 cents, or 0.2%, to $81.94 a barrel at 1006 GMT, and U.S. West Texas Intermediate (WTI) crude was up 20 cents,…
By Kane Wu and Julie Zhu HONG KONG (Reuters) – JPMorgan Chase & Co plans to boost its private banking business headcount in Asia by more than 100 this year, two people with direct knowledge of the matter said, joining its peers in a push to grab a bigger share of the region’s wealth. About…
A look at the day ahead from Sujata Rao. As markets move to price a U.S. interest rate liftoff, possibly even from March, 10-year Treasury yields have risen a quarter point since the year started. Even more interestingly, “real”, or inflation-adjusted U.S. yields are driving the moves with a 33 basis-point jump. Real yields, while…
