ROME (Reuters) -An Italian court has reduced a 1.13-billion-euro ($1.32 billion) fine imposed on Amazon in 2021 by Italy’s competition authority for alleged abuse of a dominant position, a ruling showed on Tuesday. The Lazio administrative court upheld the main findings by the regulator after Amazon appealed, but said the fine had to be recalculated, …
Italian court cuts 1.1-billion-euro antitrust fine on Amazon Read More »
(Reuters) -Dow said on Tuesday it has sold an additional stake in its infrastructure venture to its partner Macquarie Asset Management for $540 million as the chemical maker looks to focus more on its core business. The deal raises Macquarie’s stake in the venture, Diamond Infrastructure Solutions, to 49%, and brings Dow’s total proceeds from …
Dow sells additional stake in infrastructure venture for $540 million Read More »
By Ateev Bhandari (Reuters) -The Ether Machine has raised $654 million worth of ether in private financing, it said on Tuesday, as the cryptocurrency firm expands its treasury strategy ahead of its Nasdaq listing later this year. The 150,000 ether – invested by longtime ethereum proponent Jeffrey Berns – will be delivered to its wallet …
Ether Machine raises $654 million in private ether financing as Nasdaq debut nears Read More »
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets It may just be the ‘back to school’ trade, but September is bringing a sudden burst of financial market volatility as Americans return from Labor Day, with the dollar, long-term government bond yields and …
HONG KONG (Reuters) -Liquidators of China Evergrande, once the country’s largest property developer, have asked a Hong Kong court to appoint receivers to identify and preserve the assets of founder Hui Ka Yan, who has not disclosed his worldwide properties. The move is the liquidators’ latest effort to recover $6 billion in dividends and remuneration …
China Evergrande liquidators apply for receivers to identify founder’s assets Read More »
(Reuters) -New York-based Apollo Global Management plans to launch a $5 billion sports investment vehicle, the Financial Times reported on Tuesday, as private capital firms step up bets on the sector. Apollo will hire new employees to lead the strategy, which will focus on lending to sports leagues and teams, and buying stakes in clubs, …
Apollo Global planning $5 billion sports fund, FT reports Read More »
By Mariana Hernandez CIUDAD JUAREZ, Mexico (Reuters) -For 11 years, Fabiola Galicia worked her way up the ranks at a factory that produced decorative ribbons in Ciudad Juarez, just across the border from El Paso, Texas. Starting as a production line worker, she was eventually promoted to manager overseeing 30 employees. But in June, her …
In Mexican border town, thousands of jobs lost due to Trump tariffs Read More »
By Jeff Mason and Andrea Shalal ARLINGTON, Virginia (Reuters) -President Donald Trump’s administration plans new measures to tackle the high cost of housing in the coming weeks, U.S. Treasury Secretary Scott Bessent told Reuters in an interview on Monday. Emphasizing the urgency of the situation, Bessent described it as an “all hands on deck” challenge. …
Bessent says Trump administration will tackle high housing costs with new measures Read More »
NEW YORK (Reuters) -The digital tokens backing the Trump family’s cryptocurrency venture, World Liberty Financial, fell in value on Monday in their first day of trading. The World Liberty tokens, known as $WLFI, were sold to investors after the Trump family and its business partners last year launched the venture, a decentralized finance platform that …
Trump’s World Liberty token falls in first day of trading Read More »
By Jeff Mason and Andrea Shalal ARLINGTON, Virginia (Reuters) -U.S. Treasury Secretary Scott Bessent said on Monday the Federal Reserve is and should be independent but said it had “made a lot of mistakes” and defended President Donald Trump’s right to fire Fed Governor Lisa Cook over allegations of mortgage fraud. Trump has criticized the …
