TORONTO (Reuters) – The Canadian dollar edged lower against the greenback on Monday, as investors weighed warnings that Russia could invade Ukraine at any time and a major trade route between Canada and the United States reopened. World shares skidded and the safe-haven U.S. dollar gained ground against a basket of major currencies as the …
Canadian dollar touches 10-day low amid Ukraine uncertainty Read More »
(Reuters) – Cornerstone Building Brands Inc said on Monday that private equity group Clayton, Dubilier & Rice (CD&R) had proposed to acquire the rest of the building products maker for $24.65 per share in cash. The offer by CD&R, which currently owns about 49% of Cornerstone’s common stock, represents a premium of about 34% to …
Private equity firm CD&R offers to buy rest of Cornerstone Building Brands Read More »
BRUSSELS (Reuters) – Global trade bottlenecks are more the result of demand spikes than supply chain snags, with pressure likely to ease in the coming months, the World Trade Organization’s chief economist said on Monday. The WTO had thought in October that demand for goods would slow early in 2022. However, that was before the …
Demand shock behind global bottlenecks should ease in months-WTO Read More »
DETROIT (Reuters) – Ford Motor Co said on Monday it will continue idling some of its assembly plants in the week of Feb. 14 due to the global semiconductor shortage. The U.S. automaker will idle production at its Ohio Assembly Plant as well as the production line for the Transit van at its Kansas City …
Ford suspends or cuts output at plants due to chip shortage Read More »
(Reuters) – Shares of the largest publicly listed U.S. crypto exchange Coinbase slipped in premarket trading on Monday, after a surge in traffic following a Super Bowl advertisement resulted in the app crashing briefly over the weekend. A floating, colorful QR code was displayed during NFL’s title game, the biggest U.S. TV event of the …
Coinbase shares slip as app crashes briefly after Super Bowl ad Read More »
(Reuters) – Goldman Sachs has tempered its outlook for the S&P 500 index, expecting it to stay below the 5,000 mark this year as rising inflation threatens to derail a nascent recovery in the U.S. economy. The revised forecast of 4,900 point is a near 4% cut from the brokerage’s previous estimate, but is still …
Goldman Sachs cuts S&P 500 forecast to under 5,000 as inflation worsens Read More »
By Michael Shields ZURICH (Reuters) – Clariant has delayed the release of its 2021 results as investigators probe whistleblowers’ allegations that some staff manipulated accounts in 2020 and 2021 to help meet financial targets, the Swiss speciality chemicals group said on Monday. Clariant shares fell more than 16% in early trading. “The investigation is not …
Whistleblowers raise accounting issues at Clariant, shares plunge Read More »
By Jody Godoy NEW YORK – Former Goldman Sachs banker Roger Ng is accused of bribery and money laundering charges in connection with the multibillion-dollar looting of Malaysia’s 1MDB sovereign wealth fund. Here is a timeline of key events leading up to the trial. April 2014 – Ng, Goldman Sachs’ managing director and head of …
Events leading up to ex-Goldman banker’s 1MDB graft trial Read More »
By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil Corp has bet billions of dollars on offshore drilling in Brazil, an area it once abandoned and now sees as key to its future. But five years into its comeback, the U.S. oil giant has yet to make a major oil discovery as an operator in Brazil’s …
Exclusive-Brazil has oil. Exxon can’t seem to find it Read More »
By Luc Cohen (Reuters) – Opening statements in former Goldman Sachs banker Roger Ng’s U.S. corruption trial https://www.reuters.com/markets/us/rogue-employee-or-goldman-scapegoat-ex-bankers-1mdb-corruption-trial-kick-off-2022-02-10 over the looting of hundreds of millions of dollars from Malaysia’s 1MDB sovereign wealth fund are scheduled to get under way this week. Ng has pleaded not guilty to conspiring to violate an anti-bribery law and to …
Explainer-What charges does ex-Goldman banker Ng face in 1MDB corruption trial? Read More »
