LONDON, Dec 11 (Reuters) – The cost of insuring Oracle debt against default surged on Thursday to its highest in at least five years, after the company’s results missed forecasts, reigniting investor concern about its massive borrowing to fund its push into AI. The company’s five-year credit default swaps, a derivative that pays bondholders in …
Cost of insuring Oracle debt against default surges Read More »
Dec 11 (Reuters) – Cryptocurrency firm Nexo is acquiring Buenbit, an Argentine trading platform, as it targets growth across Latin America, it said on Thursday. Nexo, which earlier this year announced it would return to the United States after leaving the market due to $45 million in regulatory fines, has cozied up to the Trump …
Crypto firm Nexo purchases Argentina’s Buenbit in Latin America expansion Read More »
By Dmitry Zhdannikov LONDON, Dec 10 (Reuters) – Russia’s Lukoil favours U.S. bank Xtellus Partners’ bid for its global assets over a dozen rival bids, as it takes the form of a cashless deal that would return U.S.-held securities to the Russian oil company, two sources familiar with the process said. The U.S. Treasury extended …
Exclusive-Lukoil leans towards Xtellus’ cashless bid for its foreign assets Read More »
SANTIAGO, Dec 11 (Reuters) – Chile’s mining investment is expected to reach $104.549 billion from this year through 2034, state-run agency Cochilco said on Thursday, up 26% from last year’s forecast. Chile is the world’s largest producer of copper and second-largest of lithium, a key ingredient of rechargeable batteries. * The increase represents the highest …
Chile raises mining investment forecast through 2034 to $105 billion Read More »
Dec 11 (Reuters) – U.S. Treasury Secretary Scott Bessent will recommend changing the approach of the Financial Stability Oversight Council, CNBC reported on Thursday. Reuters could not immediately confirm the report. (Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Sharon Singleton)
By Siddarth S Dec 11 (Reuters) – Most global brokerages predict the U.S. Federal Reserve will reduce interest rates in the short-term, reiterating their earlier position even as the central bank indicated that near-term cuts were unlikely. The Fed on Wednesday delivered a 25-bp cut amid sharp divisions and dissents among central bank officials. New …
Brokerages stick with US rate cut forecasts despite Fed caution Read More »
Dec 11 (Reuters) – Amazon is developing a “rush” pickup service that would let customers collect orders from its stores within an hour, Business Insider reported on Thursday, citing an internal document and a person familiar with the matter. The feature would allow shoppers to place a “unified” order combining items from Amazon’s online store …
Amazon plans new one-hour pickup service in stores, Business Insider reports Read More »
By Tim Reid, Nandita Bose and Nathan Layne WASHINGTON, Dec 11 (Reuters) – President Donald Trump’s repeated mockery of the word “affordability” is worrying Republican strategists, who say the fixation risks undercutting White House efforts to reassure Americans about the cost of living – a top voter concern heading into next year’s congressional elections. Those …
By Elvira Pollina COLOGNO MONZESE, Italy, Dec 11 (Reuters) – Pier Silvio Berlusconi, chief executive of European broadcaster MFE-MediaForEurope, said he would prefer Paramount’s Skydance rather than Netflix as a buyer for Warner Bros Discovery, arguing the move would boost competition in the streaming industry. Paramount Skydance has launched a hostile bid worth $108.4 billion …
MFE’s Berlusconi favours Paramount bid for Warner Bros in streaming shake-up Read More »
By Krystal Hu and Deepa Seetharaman Dec 11 (Reuters) – AI-powered IT support startup Serval has raised $75 million in a Series B funding round led by Sequoia, achieving a $1 billion valuation just three months after its previous funding round, the company told Reuters. The new funding brings Serval’s total capital raised to $127 …
AI startup Serval valued at $1 billion after Sequoia-led round to expand IT automation Read More »
