By Matt Tracy and Abigail Summerville (Reuters) – Banks seeking to sell some of the debt backing the $16.5 billion leveraged buyout of business software company Citrix Systems Inc to investors have received more demand than they can fill, raising the prospect they may suffer a smaller loss than expected, people familiar with the matter …
Banks see strong demand for Citrix debt after discount -sources Read More »
By Maximilian Heath BUENOS AIRES (Reuters) – Argentine farmers are under pressure to sell their soy stocks, with the government rolling out carrot and stick incentives and punishments for stock hoarding in the world’s top exporter of soy oil and meal and the No. 3 for raw beans. The government unveiled a preferential exchange rate …
With carrot and stick, Argentina government drives soy sale bonanza Read More »
WASHINGTON (Reuters) – The U.S. International Trade Commission said on Friday it would probe allegations brought by Alphabet Inc’s Google against Sonos claiming the home-audio company infringed on Google patents by importing certain audio components. The agency did not say what specific products were allegedly imported in potential violation of U.S. trade law. It said …
U.S. trade body probes allegations Sonos violated Google patents Read More »
By David Shepardson WASHINGTON (Reuters) – The leaders of two congressional committees want a federal probe into whether airlines used government pandemic money to fund pilot buyouts and early retirements that may have fueled current pilot shortages, according to a letter released on Friday. Congress approved $54 billion in three rounds covering much of U.S. …
Lawmakers seek U.S. probe on airline handling of COVID funds Read More »
By Howard Schneider and Lindsay Dunsmuir WASHINGTON (Reuters) -Federal Reserve officials on Friday ended their public comment period ahead of the U.S. central bank’s Sept. 20-21 policy meeting with strong calls for another oversized interest rate increase to battle high inflation. “Based on what I know today, I support a significant increase at our next …
Fed races down the home stretch toward another oversized rate hike Read More »
SINGAPORE (Reuters) – Bitcoin surged past the $20,000 barrier and was potentially heading for its best day in six months on Friday as the U.S. dollar fell broadly and markets found reasons to be cheerful at the end of a dour week. Bitcoin, the biggest cryptocurrency by market value, rose more than 9% to $21,254, …
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Indicators that investors use to gauge the health of the U.S. stock market have taken a turn for the worse, fueling worries that the benchmark index may revisit its mid-June bear market low. The S&P 500 is down 7% since mid-August following a sharp summer rally, battered …
Slumping U.S. stock market technical indicators flash warning sign Read More »
By Canan Sevgili GDANSK (Reuters) – Nearly 12 months ago, Turkey’s central bank embarked on a rate-cutting cycle in the face of soaring inflation, defying traditional monetary policy and running against a global trend of rising borrowing costs. On September 23, 2021, policymakers started slashing the key interest rate, then at 19%. It now stands …
Bearing the scars: One year of Turkey’s unorthodox easing cycle Read More »
PRAGUE (Reuters) – Germany is ready to implement a minimum corporate tax through national laws if the European Union cannot reach an agreement, its finance minister said on Friday, as his French counterpart hinted at potentially doing the same. Hungary has raised objections that have held up the EU’s adoption of a 15% minimum corporate …
Germany ready to implement minimum corporate tax if no EU deal Read More »
BERLIN (Reuters) -BMW will power its new class of electric vehicles to be released in 2025 with cylindrical battery cells made in six factories by partners including China’s CATL and EVE Energy as the carmaker looks to speed up charging and extend driving range. The German carmaker has already placed multibillion-euro orders with CATL and …
BMW bets on cylindrical battery cells for new class of EVs from 2025 Read More »
