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(Reuters) -Zendesk Inc said on Thursday the proposal made by investor Light Street Capital Management to remain a standalone public company and find a new boss was not “superior” to a $10.2 billion takeover offer from Hellman & Friedman and Permira. In a letter to Zendesk’s board on Monday, Light Street proposed a recapitalization of …

Zendesk says Light Street’s proposal not superior to $10.2 billion go-private deal Read More »

By Ellen Zhang, Liangping Gao and Ryan Woo BEIJING (Reuters) -Persistent weakness last month in China’s property market and manufacturing sector, which combined account for half of the country’s gross domestic product, renews risks to its recovery already threatened by disruptions from widespread COVID curbs. Nearly 70 Chinese cities reported declines in new home prices …

China’s economic outlook dulled by fresh property, COVID woes Read More »

By Anisha Sircar (Reuters) – The main European stocks index skidded to its lowest in seven weeks in a rough start to September on deepening worries about aggressive rate hikes and record-high inflation in the region. The pan-European STOXX 600 shed 1.4% in early deals as all sectors traded lower, with the index headed lower …

European shares hit seven-week lows as rate hike fears grow Read More »

(Reuters) – Walt Disney Co is exploring a membership program that could offer discounts or perks to encourage customers to spend more on its streaming services, theme parks, resorts and merchandise, the Wall Street Journal reported on Wednesday. The program would be somewhat similar to Amazon Prime and internally some executives have referred to Disney’s …

Disney mulling Amazon Prime-like membership program – WSJ Read More »

By Ahmed Aboulenein WASHINGTON (Reuters) – The U.S. government expects its supply of COVID-19 vaccines and antiviral treatments to run out over the next year and is preparing for them to be sold via the commercial market, the Department of Health and Human Services said on Tuesday. President Joe Biden’s administration expects to run out …

U.S. plans to move COVID vaccines, treatments to private markets in 2023 Read More »

By Anthony Esposito and Brendan O’Boyle MEXICO CITY (Reuters) – The Bank of Mexico on Wednesday said it is not wed to hiking interest rates in line with the U.S. Federal Reserve and will evaluate future monetary policy moves on the basis of incoming information and bringing inflation to target. There has been much market …

Bank of Mexico says it’s not tied to following in lockstep with U.S. Fed on rate hikes Read More »

(Reuters) -LATAM Airlines on Wednesday turned back two challenges to its bankruptcy reorganization plan, putting the carrier a step closer to emerging from Chapter 11 after seeking protection from creditors in the early months of the pandemic. LATAM said in a statement it was “pleased” by a U.S. bankruptcy court’s decision confirming its reorganization plan …

LATAM Airlines bankruptcy plan advances after creditor appeals fail Read More »

By Cassandra Garrison MEXICO CITY (Reuters) -Union workers for Telmex, the Mexican telecommunications firm controlled by the family of tycoon Carlos Slim, on Wednesday said they were weighing a new offer from employers that included improvements to retirement benefits for new staff. In a company document shared with union workers and seen by Reuters, new …

Mexico’s Telmex offers better pension plan for new hires, union says Read More »