By Kane Wu and Anirban Sen HONG KONG/NEW YORK (Reuters) – Bain Capital is seeking to raise $4 billion for a new global “special situations fund” as the U.S. firm sees an opportunity to snap up distressed and equity investments, two people familiar with the matter said. Bain Capital kicked off the fundraising at the…
By Gabriella Borter and Maria Caspani (Reuters) – Texas police on Sunday were investigating what motivated a 33-year-old gunman to kill at least eight people at a mall over the weekend, as President Joe Biden called for stricter gun laws. The Texas Department of Public Safety on Sunday confirmed the identity of the assailant in…
By Chayut Setboonsarng and Daniel Leussink BANGKOK/TOKYO (Reuters) -Japanese carmaker Toyota Motor Corp has stopped sales and deliveries of its Yaris Ativ in Thailand, senior officials said on Monday, after its affiliate Daihatsu rigged part of the door in side-collision safety tests. The problem may have occurred due to pressure on Daihatsu to shorten the…
(Reuters) – Germany’s Merck KGaA has appointed Helene von Roeder as the new chief financial officer and member of the Executive Board after Marcus Kuhnert has decided to step down, the drugmaker announced on Monday. The changes would become effective from July 1, the company added. German real estate company Vonovia announced this month that…
By Rupam Jain NEW DELHI (Reuters) – Thousands of people who fled deadly rioting and ethnic clashes in northeast India last week are returning home, escorted by security personnel, officials said on Monday. Fierce fighting broke out in the state of Manipur bordering Myanmar when members of about 30 tribal groups clashed with a non-tribal…
(Reuters) -Qualcomm Inc said on Monday that it would acquire Israel’s Autotalks Ltd, a maker of chips used in crash-prevention technology in vehicles, as the U.S. firm looks to expand its automotive-related business. The company did not disclose the terms of the deal but said Autotalk’s technology would be incorporated into its assisted and autonomous…
By Shivangi Acharya NEW DELHI (Reuters) -India’s Financial Stability and Development Council (FSDC) considers the country’s banking system to be protected from any spillover from issues in the sector globally, the country’s economic affairs secretary said on Monday. Ajay Seth was speaking with reporters after the meeting of FSDC, which is chaired by the finance…
WASHINGTON (Reuters) -U.S. wholesale inventories were unchanged for the second straight month in March, while softening demand meant that it would now take wholesalers the longest time in nearly three years to clear the current stock of goods. The Commerce Department last month estimated wholesale inventories gained 0.1% in March. Economists polled by Reuters had…
By Laura Matthews and Alun John NEW YORK/LONDON (Reuters) – The dollar remained relatively weaker against most of its major peers on Monday, as traders wait for the Federal Reserve to acknowledge an end to its hiking cycle while trying to hedge the risk of potential recession. The dollar index, which measures the currency against…
(Reuters) -Catalent Inc expects to cut by more than $400 million both its full-year revenue and core profit forecasts, the contract drug manufacturer said on Monday, sending its shares tumbling 27% to a three-year low. The announcement came just a day ahead of third-quarter results, which have been pushed to May 15 to allow the…
