A look at the day ahead in European and global markets from Tom Westbrook Australia’s central bank gave investors another reason to stabilise the sliding U.S. dollar on Tuesday: keeping rates on hold, as expected, and sticking to its “data dependent” outlook. Markets have interpreted the Reserve Bank of Australia’s stance as dovish and, although …
Marketmind: RBA holds and the dollar pauses, too Read More »
(Reuters) – CBC/Radio-Canada said on Monday that it plans to cut about 600 union and non-union positions over the next year, as the national broadcaster implements cost-saving initiatives. The proposed job cuts will help manage about C$125 million ($92.32 million) in budget pressures forecast for the 2024–2025 fiscal year, the broadcaster said. CBC and Radio-Canada …
Canada’s national broadcaster to cut 600 jobs over next year Read More »
(Reuters) – Kinder Morgan on Monday forecast higher 2024 earnings as the U.S. pipeline operator bets on increased demand for transporting crude oil and gas liquids. Net income attributable to Kinder Morgan for 2024 is expected to be $1.21 per share, up 11% from its forecast of $1.09 per share for 2023. “We expect to …
By Noel Randewich and Shristi Achar A (Reuters) – U.S. stocks ended lower on Monday, interrupting last week’s rally, as investors turned cautious ahead of employment data due this week that could alter expectations that the Federal Reserve will cut interest rates early next year. The S&P 500 receded, with megacaps Microsoft, Apple, Nvidia and …
Wall Street ends down as megacaps give back gains Read More »
By Dawn Chmielewski (Reuters) -The board appointed by Florida Governor Ron DeSantis to oversee Walt Disney’s theme parks accused the company of giving a previous local board and its employees millions of dollars’ worth of tickets, discounted hotel stays, merchandise and other benefits that were “akin to bribes of public officials.” “For years, the company …
DeSantis board accuses Disney of controlling previous one with gifts Read More »
(This Nov. 22 story has been corrected to reflect consequences for executives trading during blackout periods, not insider trading, in paragraph 13) By Fabio Teixeira RIO DE JANEIRO (Reuters) – The former co-CEO of Sigma Lithium, a leader in Brazil’s budding lithium sector, was fired earlier this year for trading its shares during a quarterly …
Sigma Lithium’s former co-CEO fired for trading in blackout period Read More »
By Michael S. Derby NEW YORK (Reuters) -Underlying inflation pressures eased in October compared to the prior month, according to a report released on Monday by the Federal Reserve Bank of New York. The bank said that its Multivariate Core Trend (MCT) inflation reading for October stood at 2.6%, from September’s 2.88%. The higher level …
Underlying US inflation pressures eased in October, NY Fed says Read More »
By David Carnevali NEW YORK (Reuters) – Private equity firm Blackstone Inc is exploring the sale of Anthos Therapeutics, a developer of a new generation of blood thinners it launched four years ago with backing from Novartis AG, according to people familiar with the matter. Anthos, which does not generate any revenue because its products …
Blackstone explores sale of Anthos Therapeutics -sources Read More »
By Daniel Wiessner (Reuters) – Former Wells Fargo & Co CEO Tim Sloan filed a lawsuit on Friday accusing the bank of failing to pay him more than $34 million after he resigned in 2019 amid a wide-ranging sales practices scandal. Sloan in the lawsuit filed in California state court says Wells Fargo canceled stock …
Ex-Wells Fargo CEO sues bank for $34 million in withheld pay, stock Read More »
By Scott Murdoch SYDNEY (Reuters) – The outcome of a Brookfield consortium’s $10.6 billion bid for Australia’s Origin Energy will be officially known on Monday, with investors expected to vote down its year-long attempt to buy the country’s largest power retailer. Origin’s largest shareholder, A$300 billion ($198.36 billion) pension fund AustralianSuper, has said it would …
Brookfield’s $10.6 billion bid for Origin Energy expected to fail on Monday Read More »
