WASHINGTON (Reuters) -The Biden administration delayed until June an order for Nippon Steel to abandon its $14.9 billion bid for U.S. Steel, the companies said on Saturday, giving them some time to revive the politically contentious deal. President Joe Biden blocked the acquisition on national security grounds on Jan. 3, and Treasury Secretary Janet Yellen …
By Davide Barbuscia NEW YORK (Reuters) -A recent surge in U.S. Treasury yields may gain even more momentum after a strong jobs report reinforced expectations that interest rates will stay high for longer and raised the spectre of benchmark 10-year yields hitting 5% — a level that some fear could rattle broader markets. Friday’s jobs …
Jobs report fuels Treasury yield surge as markets brace for 5% threshold Read More »
By Sneha Kumar (Reuters) – Shares of Australian casino operator Star Entertainment jumped 13.6% higher on Monday, with analysts citing the rise to investors buying the stock at a cheaper price after it fell to a record low last week. The stock rose to A$0.125, surging as much as 22.7% during the session. It fell …
Australia’s Star Entertainment pares losses after slipping to record low Read More »
(Reuters) – Proxy advisory firm Ownership Matters said on Monday it recommends that shareholders of Sigma Healthcare vote in favour of Chemist Warehouse’s reverse takeover of the pharmaceutical company, citing significant shareholder value. Sigma Healthcare will conduct a shareholder meeting on Jan. 29 to seek approval for the deal, which will create a $5.8 billion …
Ownership Matters in favour of Chemist Warehouse-Sigma Healthcare $5.8 billion deal Read More »
By Rajasik Mukherjee (Reuters) -Shares of Australia’s Insignia Financial hit a more than three-year high on Monday as a bidding war escalated, with private equity firm Bain Capital raising its offer to A$2.87 billion ($1.76 billion), in line with rival CC Capital’s bid. Under the offer, Insignia shareholders will receive A$4.30 per share, a 7.5% …
Bain Capital raises bid for Australia’s Insignia to $1.8 billion, matches CC Capital Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. If the reaction in U.S. stocks, bonds and the dollar to Friday’s sizzling U.S. employment report is any guide, Asian markets are in for a bumpy ride on Monday, rocked by another whoosh higher in bond yields and inflation fears. The …
Morning Bid: Hot US jobs data stoke yield fire, scold stocks Read More »
(Reuters) -The Federal Deposit Insurance Corporation gave a fresh deadline of Feb. 10 to BlackRock to resolve an issue regarding oversight into the asset manager’s investments in FDIC-regulated banking organizations, Bloomberg News reported on Sunday, citing three people with knowledge of the matter. The FDIC may open an investigation into BlackRock and demand more information …
US bank regulator gives BlackRock February deadline on bank stakes, Bloomberg reports Read More »
By Lewis Krauskopf NEW YORK (Reuters) -U.S. inflation data in the coming week could test the nerves of stock investors and further inflame worries about rising Treasury yields and uncertainty over Donald Trump’s policy plans. After back-to-back standout years, the stock market has wobbled out of the gate in 2025, with the benchmark S&P 500 …
Inflation report could rattle markets after bond yields climb Read More »
(Reuters) – Apple’s board of directors recommended investors vote against a shareholder proposal to abolish the company’s Diversity, Equity, and Inclusion (DEI) programs, according to a proxy filing from the company. The National Center for Public Policy, a conservative think tank, submitted a proposal that the company consider abolishing its “Inclusion & Diversity program, policies, …
By Daniel Wiessner (Reuters) -A federal judge in Texas on Friday said American Airlines violated federal law by basing investment decisions for its employee retirement plan on environmental, social and other non-financial factors. The ruling by U.S. District Judge Reed O’Connor appeared to be the first of its kind amid growing backlash by conservatives to …
American Airlines’ focus on ESG in 401(k) plan is illegal, US judge rules Read More »
