(Reuters) -Core Scientific’s board urged its shareholders on Wednesday to vote for the crypto miner’s proposed sale to CoreWeave as the company expects a number of benefits from the deal. CoreWeave announced its intention to buy Core Scientific in an all-stock deal valued at about $9 billion in July, valuing it at $20.40 per share. …
Core Scientific’s board asks shareholders to vote for CoreWeave deal Read More »
(Reuters) -Electric aircraft maker Beta Technologies said in a regulatory filing on Wednesday that it was aiming for a U.S. listing valuing the company at about $7.22 billion. Vermont-based Beta plans to offer 25 million shares priced between $27 and $33 each and is seeking to raise up to $825 million. The offering comes amid …
Beta Technologies aims for $7.22 billion valuation in US IPO Read More »
By Alden Bentley NEW YORK (Reuters) -Making sense of the forces driving global markets By Alden Bentley, Editor in Charge, Americas Finance and Markets Jamie McGeever is enjoying some well-deserved time off, but the Reuters markets team will still keep you up to date on what’s happening in markets. I’d love to hear from you, …
Trading Day: Risk on, or off? It’s trade vs earnings Read More »
SYDNEY (Reuters) -Australia’s central bank is seeing signs that financial conditions are loosening after three interest rate cuts this year and credit is readily available to households and businesses. In a speech in Sydney on Thursday, Reserve Bank of Australia Assistant Governor Christopher Kent said the central bank’s forecasts in August had been based on …
Australia’s central bank sees signs of financial conditions loosening after rate cuts Read More »
(Reuters) -Australian lender Westpac said on Thursday it had recognised a restructuring charge of A$273 million ($177.72 million) in the second half of fiscal 2025, as part of its productivity initiatives under its Fit for Growth program. The Fit for Growth program is a broader approach that uses proven models to optimise performance that helps …
By David Lawder and Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund could sell a golf course it owns in Maryland, U.S. Treasury Secretary Scott Bessent said on Wednesday, repeating his call for the global lender to focus on its core mission of helping countries in trouble. “They can sell the golf course,” Bessent told …
Bessent says IMF should stick to core mission, could sell Maryland golf course Read More »
By Rajesh Kumar Singh CHICAGO (Reuters) -United Airlines forecast stronger earnings in the current quarter on Wednesday as it expects rising travel demand and improved pricing power to produce the highest quarterly revenue in the company’s history. The Chicago-based airline expects an adjusted profit in the range of $3.00 to $3.50 per share in the …
United Airlines forecasts highest-ever quarterly revenue on travel demand boost Read More »
By Wayne Cole SYDNEY (Reuters) -Australia’s top central banker said a pickup in consumer spending and higher readings on some parts of inflation had given policymakers pause to consider whether further interest rate cuts were needed. Speaking at a Nomura event in Washington on Wednesday local time, Reserve Bank of Australia Governor Michele Bullock said …
Australia central bank judging whether further easing needed, says RBA chief Read More »
(Reuters) -Industrial materials maker DuPont’s board has approved the previously announced separation of its electronic business, Qnity Electronics, the company said on Wednesday. Investors holding DuPont stock as of October 22 will receive one Qnity share for every two DuPont shares on November 1. “In connection with the spinoff, Qnity’s board declared a cash dividend …
By Sarah Morland (Reuters) -Argentina’s Economy Minister Luis Caputo said he hopes to “very soon” execute a framework that will contain the terms of a $20 billion currency swap the U.S. recently agreed with Argentina’s central bank, ideally before this month’s midterm election. President Javier Milei is seeking to expand his minority presence in Argentina’s …
Argentina hopes to finalize US $20 billion swap line before midterm vote Read More »
