By Ana Mano and Roberto Samora SAO PAULO (Reuters) -JBS, the world’s largest meat company, reported a net profit fall in the third quarter in spite of a rise in global net sales amid a still-challenging beef market environment in the U.S., according to an earnings statement on Thursday. The company said third-quarter profit dropped …
JBS profit falls amid still-challenging US market environment Read More »
By Dmitry Zhdannikov and Shariq Khan LONDON (Reuters) -U.S. private equity firm Carlyle is exploring options to buy Russian oil major Lukoil’s foreign assets, three sources familiar with the situation said. The U.S. has hit Lukoil with sanctions as part of its effort to bring the Kremlin to peace talks over Ukraine, and has blocked …
Carlyle exploring options to buy Lukoil foreign assets, sources say Read More »
By David Shepardson WASHINGTON (Reuters) -A U.S. appeals court late on Wednesday temporarily halted a government agency’s order to force Delta Air Lines and Aeromexico to unwind a joint venture by January 1. The airlines had sued to block the U.S. Department of Transportation order to repeal the nearly nine-year-old joint venture that lets the …
US court temporarily blocks USDOT order to unwind Delta, Aeromexico joint venture Read More »
By Jacob Gronholt-Pedersen and Maggie Fick COPENHAGEN/LONDON (Reuters) -Novo Nordisk faces a shareholder backlash on Friday as the Danish drugmaker’s minority investors prepare a protest vote against a board shake-up forced through by its dominant shareholder, the Novo Nordisk Foundation. The Foundation, which holds 77% of voting rights, plans to install its chairman, Lars Rebien …
‘Not been pretty’: Novo Nordisk faces rare shareholder rebuke over board shake-up Read More »
(Reuters) -Large U.S. corporate bankruptcies are on pace to hit their highest level in 15 years, S&P Global data showed on Thursday, underscoring mounting stress across corporate America at a sensitive time for public market investors. Total bankruptcy filings reached 655 this year through October, compared with 687 for all of 2024. October alone accounted …
US corporate bankruptcies set to hit 15-year high amid credit jitters, S&P data shows Read More »
By Ann Saphir and Padraic Halpin SAN FRANCISCO/DUBLIN (Reuters) -Citing worries about inflation and signs of relative stability in the labor market after two U.S. interest rate cuts this year, a growing number of Federal Reserve policymakers are signaling reticence on further easing, helping push financial market-based odds of a reduction in borrowing costs in …
Fed’s December rate cut looks increasingly like a toss-up Read More »
By Nupur Anand, Saeed Azhar and Jarrett Renshaw NEW YORK (Reuters) -Rising living costs and expanding home ownership were among the issues U.S. President Donald Trump and top Wall Street executives discussed at Wednesday’s White House dinner, according to two people with knowledge of the event. The gathering, largely of CEOs, included JPMorgan Chase’s Jamie …
Living costs, mortgages on the menu at White House dinner with top execs, sources say Read More »
By Niket Nishant, Nell Mackenzie and Anirban Sen LONDON/NEW YORK (Reuters) -Michael Burry, the investor whose successful bets against the U.S. housing market in 2008 were recounted in the movie “The Big Short,” is closing his hedge fund, Scion Asset Management. In a letter to investors dated October 27, a copy of which was seen …
Michael Burry of ‘Big Short’ fame is closing his hedge fund Read More »
NEW YORK (Reuters) -Mark Kiesel, managing director and chief investment officer for global credit at bond giant PIMCO, is retiring from the firm, PIMCO said on Thursday. Kiesel has been at PIMCO for 29 years and was a member of the asset manager’s investment committee. The Newport Beach, California-headquartered bond-focused investment firm manages about $2.1 …
PIMCO’S global credit chief investment officer Kiesel retires Read More »
By Michael S. Derby NEW YORK (Reuters) -Cleveland Federal Reserve President Beth Hammack said on Thursday monetary policy needs to remain in a position where it can help lower inflation pressures, suggesting she leans against the U.S. central bank cutting interest rates again in the near future. “This is a difficult time for monetary policy,” …
Fed’s Hammack says restrictive monetary policy needed to cool inflation Read More »
