(Reuters) -Bank holding firm Central Bancompany on Friday revealed an about 6% rise in revenue in the first half of the year as it filed for a U.S. initial public offering, becoming the latest financial firm to seek a buoyant listing market. U.S. IPO activity has picked up in recent months after a lull caused …
Central Bancompany discloses higher revenue in US IPO filing Read More »
NEW YORK (Reuters) -Morgan Stanley’s asset management unit asked investment bank Jefferies to return some money it invested in the latter bank’s Point Bonita Capital fund, according to a person familiar with the situation. Point Bonita had a large exposure to bankrupt U.S. auto-parts supplier First Brands. BlackRock and Texas Treasury Safekeeping Trust are among …
Morgan Stanley seeks to redeem cash from Jefferies’ Point Bonita fund, source says Read More »
By Ann Saphir (Reuters) -St. Louis Federal Reserve President Alberto Musalem on Friday said he sees possible room for one more interest rate cut to shore up the labor market, but urged caution because inflation remains “materially” above the U.S. central bank’s 2% target. “I am open-minded about a potential further reduction in interest rates …
Fed should ‘tread with caution’ on rate cuts, Musalem says Read More »
By David Shepardson WASHINGTON (Reuters) -Republican U.S. Senator Marsha Blackburn wants the CEOs of AT&T, Verizon and T-Mobile to disclose whether they received or objected to subpoenas for phone data from eight U.S. senators related to a probe of the January 6, 2021 Capitol riot, according to letters seen by Reuters on Friday. On Monday, …
US senator seeks telecom firms’ data on lawmakers from probe of Jan 6 capitol riots Read More »
By David Shepardson WASHINGTON (Reuters) -Delta Air Lines and Aeromexico sued the U.S. government challenging an order that they unwind a joint venture by January 1 that lets the carriers coordinate scheduling, pricing and capacity decisions for U.S.–Mexico flights. On Thursday the companies filed a legal challenge in the 11th Circuit Court of Appeals to the …
Delta, Aeromexico challenge US decision to dissolve joint venture Read More »
By Lucia Mutikani WASHINGTON (Reuters) -The U.S. Bureau of Labor Statistics said on Friday it would publish September’s consumer inflation report on October 24 to assist the Social Security Administration with its annual cost-of-living adjustment for 2026 for millions of retirees and other benefits recipients. But the collection, processing and publishing of other official economic data …
US to publish CPI report for annual Social Security cost-of-living adjustment Read More »
BUENOS AIRES (Reuters) -OpenAI and Sur Energy have signed a letter of intent for a data center project in Argentina requiring an investment of up to $25 billion, the South American nation’s government said on Friday. The project would involve a large-scale facility with a capacity of up to 500 megawatts to support advanced artificial …
OpenAI, Sur Energy weigh $25 billion Argentina data center project Read More »
By Marianna Parraga HOUSTON (Reuters) -Toronto-listed Gold Reserve said on Friday it has filed motions to disqualify a court officer and the judge overseeing an auction of shares in the parent of Venezuela-owned Citgo Petroleum, as well as two firms advising the Delaware court. The miner has been trying to prevent the court from declaring …
Gold Reserve moves to disqualify judge, advisers in Citgo parent auction Read More »
(Reuters) -Johnson & Johnson is in discussions to buy Protagonist Therapeutics, a source familiar with the matter told Reuters. Shares of Protagonist surged more than 30% in afternoon trading. The company had a market capitalization of $4.2 billion as of Thursday’s close. The two companies are working on the development of an oral treatment, icotrokinra, …
Johnson & Johnson in talks to acquire Protagonist Therapeutics, source says Read More »
By Howard Schneider WASHINGTON (Reuters) -Federal Reserve Governor Christopher Waller said on Friday that private data shows the job market remains weak and buttresses the case for further interest rate cuts, but added the U.S. central bank need only move in “cautious” quarter-percentage-point steps as it evaluates the economy. The U.S. jobs report for September …
Fed can address job market weakness with normal-sized rate cuts, Waller tells CNBC Read More »
