(Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Monday said it has begun investing in Capital One Financial Corp and no longer has a stake in Bank of New York Mellon Corp. Berkshire made its disclosures in a regulatory filing listing its U.S.-listed stocks as of March 31. Capital One shares rose 5.3% in after-hours …
Berkshire invests in Capital One, sheds Bank of NY Mellon Read More »
By Alasdair Pal SYDNEY (Reuters) – PricewaterhouseCoopers (PwC) said the former CEO of its Australia business, who stepped down just last week, will retire from the firm, while the auditor also announced an independent review into a leak of confidential government tax information. Tom Seymour will retire as a partner at the firm on Sept. …
Former PwC Australia CEO to retire as partner after tax documents leak scandal Read More »
(Reuters) -KKR & Co Inc-backed Envision Healthcare Corp and its wholly owned subsidiaries filed for Chapter 11 bankruptcy protection on Monday. The U.S. provider of physicians has estimated assets and liabilities in the range of $1 billion to $10 billion each, the company said in a court filing. The company said that it entered into …
KKR-backed Envision Healthcare files for bankruptcy Read More »
By Yadarisa Shabong and Richa Naidu (Reuters) -British American Tobacco appointed finance director Tadeu Marroco as CEO on Monday, succeeding Jack Bowles who is stepping down after about four years. Marroco started working for the tobacco firm in Brazil in 1992 and was appointed to the board in 2019. Bowles, who also joined the board …
BAT names finance director Marroco as CEO as Bowles bows out Read More »
By Jane Lanhee Lee OAKLAND, California (Reuters) – Silicon Valley automotive ethernet chip startup Ethernovia Inc said on Monday it had raised $64 million in a Series A funding round including Porsche Automobil Holding SE, Qualcomm Ventures, VentureTech Alliance and others. As automakers pivot to electric vehicles with more driver assistance functions, they are revamping …
Silicon Valley automotive ethernet chip startup Ethernovia raises $64 million Read More »
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s economy expanded faster than expected in the first quarter due to a recovery in tourism, data showed on Monday, while investors braced for political uncertainty after the opposition secured a stunning election victory on Sunday. The tourism-reliant economy’s recovery has lagged its regional peers due …
Thailand’s growth beats forecast; investors brace for uncertainty after elections Read More »
By Jorge Otaola and Maximilian Heath BUENOS AIRES (Reuters) -Argentina’s government announced a package of measures to rein in soaring inflation and support the wobbly peso currency on Sunday, including rate adjustments, more interventions in the exchange market and expedited deals with creditors. The measures include an interest rate hike by the central bank, …
Argentina plans new rate hike, more FX intervention as inflation soars Read More »
By Fergal Smith TORONTO (Reuters) – Signs of recovery in Canada’s housing market after a year-long slump, just as higher borrowing costs are expected to slow much of the rest of the economy, could raise inflation and delay a shift by the central bank to interest rate cuts, analysts said. The housing market’s upturn comes …
Canada housing market upturn could delay shift to BoC rate cuts Read More »
By Lewis Krauskopf NEW YORK (Reuters) -A U.S. stocks rally is leaving behind smaller companies, a sign that investors may be bracing for economic turmoil ahead. The small-cap Russell 2000 is down about 1% this year, compared to a rally that has boosted the S&P 500, an index representing the largest U.S. companies, 7% year-to-date. …
Amid banking woes, faltering US small-caps offer ominous economic sign Read More »
(Reuters) – BlackRock Inc Chief Executive Officer Larry Fink has been preparing five key leaders to take his role whenever he decides to step down in the future, the Wall Street Journal reported on Saturday. Though Fink has no imminent plans to retire, he along with President Robert Kapito has been training these candidates for …
BlackRock CEO Fink trains successors, with no imminent plan to retire -WSJ Read More »
