By Simon Jessop and Virginia Furness LONDON (Reuters) – Goldman Sachs said it has quit a sector coalition aimed at aligning bank lending and investment activities with global efforts to fight climate change, becoming the most high-profile member to leave the group. The U.S. investment bank’s decision comes against a backdrop of pressure from some …
Goldman Sachs quits global climate coalition for banks Read More »
By Anuja Bharat Mistry (Reuters) – Lululemon Athletica shares jumped about 17% in early trading on Friday as an upbeat annual forecast raised investor optimism for a robust holiday quarter and prompted Wall Street to take a more bullish view on the stock. The athleisure maker has refreshed its clothing line with trendier styles to …
Lululemon shares surge as holiday demand helps lift forecast, results Read More »
By Andres Gonzalez LONDON (Reuters) – Buyout groups Blackstone and EQT have advanced to the second round of bids in the sale process of waste management company Urbaser, according to two sources with knowledge of the situation. Urbaser´s owner, private equity firm Platinum, engaged Citi and Santander as advisors for the sale earlier this year, …
Blackstone, EQT advance into next round of Urbaser sale, sources say Read More »
By Anton Bridge and Miho Uranaka TOKYO (Reuters) – Japanese companies will find it easier to gain approval for U.S. acquisitions under the incoming Trump administration, the vice chairman of Citigroup in Japan said, even as President-elect Donald Trump opposes Nippon Steel’s attempted buyout of U.S. Steel. The Trump presidency will also spark business reorganisations, …
Trump’s easing of regulations to trigger Japan outbound M&A, Citi exec says Read More »
(Reuters) – Hong Kong-based WH Group, the world’s largest pork producer, said on Friday that its shareholders had approved spinning off Smithfield Foods into a listed company in the United States. WH Group said 99.4% of its shareholders voted in favour of spinning off Smithfield Foods, which the company had proposed last month. At that …
WH Group get shareholders’ nod to spin off, list Smithfield Foods in US Read More »
(Reuters) – U.S. job growth surged in November after being severely constrained by hurricanes and strikes, but probably does not signal a material shift in labor market conditions that continue to ease steadily and gives the Federal Reserve leeway to cut interest rates again this month. Nonfarm payrolls increased by 227,000 jobs last month, above …
Instant view: US Nov payrolls show job growth accelerated after October hiccup Read More »
(Reuters) -OpenAI is in discussions to remove a clause that shuts Microsoft out of the start-up’s most advanced models when it achieves “artificial general intelligence”, as it seeks to unlock future investments, the Financial Times reported on Friday. As per the current terms, when OpenAI creates AGI – defined as a “highly autonomous system that …
(Reuters) – U.S. investors snapped up equity funds for a fifth successive week through Nov. 4, motivated by a rally in Wall Street’s main indexes, optimism for strong economic growth, and expectations of a third consecutive Federal Reserve rate cut this month. According to LSEG data, investors acquired U.S. equity funds worth $8.85 billion on …
US equity funds attract inflows for a fifth straight week on growth optimism Read More »
A look at the day ahead in U.S. and global markets from Mike Dolan Somewhat counter to post-election narratives and many new year outlooks, long-dated U.S. Treasury yields continue to sink as the November payrolls report holds all the attention on Friday. The 30-year ‘long bond’ yield fell to 6-week lows of 4.31%, flattening the …
Morning Bid: Long bond yields defused ahead of payrolls, France rallies Read More »
By Veronica Dudei Maia Khongwir BENGALURU (Reuters) – Australia’s central bank will hold interest rates steady on Tuesday as a resilient labour market keeps inflation elevated, according to economists polled by Reuters who pushed forecasts for the first cut to the second quarter of next year. The Reserve Bank of Australia is the only central …
RBA to hold rates steady in December, first cut pushed to Q2: Reuters poll Read More »
