Reuters US Business

By Marc Jones LONDON (Reuters) – Donald Trump has so far sent comparatively fewer market-moving social media posts since being re-elected than during his first term in power, a study by U.S. investment bank JPMorgan has estimated. The bank’s analysts found that only 10% of the 126 posts Trump had published this time around on …

Trump sending fewer market moving social media posts than previous term, study shows Read More »

By Howard Schneider WASHINGTON (Reuters) – Federal Reserve Governor Michelle Bowman said on Monday she wanted increased conviction that inflation will decline further this year before lowering interest rates again, particularly given uncertainty around the impact of the Trump administration’s new trade and other policies. “I would like to gain greater confidence that progress in …

Fed’s Bowman: Greater confidence in falling inflation needed before more cuts Read More »

By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Philadelphia President Patrick Harker sounded an upbeat note on the state of the U.S. economy on Monday, and said he saw no reason to change interest rate policy right now as the central bank continued to work to lower inflation levels. “The current …

Fed’s Harker supports steady interest rate policy stance for now Read More »

By Hadeel Al Sayegh DUBAI (Reuters) – Dubai-based Huda Beauty will sell its popular fragrance brand KAYALI to its co-founder and General Atlantic in a move that allows the beauty company’s owners to buy back a stake held by TSG Consumer Partners since 2017, according to a joint statement by the three companies on Monday. …

Dubai-based Huda Beauty sells fragrance line KAYALI to co-founder and General Atlantic Read More »

By Luciana Magalhaes SAO PAULO (Reuters) – Brazilian companies are scoping out acquisition targets in Argentina, while beefing up staff and stores in a cautious bet on President Javier Milei’s aggressive economic reforms that are beginning to stabilize the crisis-stricken economy. Brazilian firms, including consumer goods, services, oil and tech, told Reuters they are looking …

Brazil Inc places cautious bet on Argentina turnaround under Milei Read More »

By Himanshi Akhand and Rishav Chatterjee (Reuters) – Star Entertainment announced on Monday that U.S.-based Oaktree had offered to refinance A$650 million ($413.40 million) of its debt in what could be a major lifeline for the cash-strapped firm. Shares in the Australian casino operator jumped 8.3% to A$0.13 in Sydney following the announcement. The company’s …

Star gets potential lifeline as Oaktree offers refinancing; shares rally Read More »

TOKYO (Reuters) – U.S. private equity firm Bain Capital said on Monday it will not launch a tender offer for Fuji Soft, formally ending a takeover battle with rival KKR for the Japanese IT company. Bain had said last week it might withdraw its proposal for Fuji Soft, after KKR raised its offer above Bain’s …

Bain Capital ends acquisition battle with KKR for Fuji Soft Read More »