LONDON (Reuters) -What matters in U.S. and global markets today Global stocks are tiptoeing higher, while the U.S. dollar continues to struggle at three-year lows against a basket of currencies. Federal Reserve Chair Jerome Powell says the central bank is in no rush to raise rates – despite pressure from President Donald Trump. With a …
(Reuters) -Schroders upgraded its outlook for global corporate bonds to ‘neutral’ from ‘negative’ on Wednesday and maintained its positive view on global equities as it expects reduced risks of a U.S. recession. The British asset manager upgraded its stance on both U.S. investment grade and high yield bonds to ‘neutral’ from ‘negative’ backed by stabilising …
Schroders upgrades global corporate bonds on easing U.S. recession risks Read More »
By Doyinsola Oladipo NEW YORK (Reuters) -A record number of Americans are set to travel for the Fourth of July holiday by road and air, travel industry statistics show, but many last-minute travelers say their plans depend on whether they can get a good deal on airline tickets. In more cases, the best value for …
Record July Fourth travel expected as Americans hit the road and the skies Read More »
By Andy Sullivan WASHINGTON (Reuters) -The Republican-controlled Congress on Wednesday could pass a sweeping budget package that would fulfill many of President Donald Trump’s priorities. It has already passed the Senate and needs to be approved again by the House of Representatives before Trump can sign it into law. Here is a summary of the major …
Factbox-What’s in the Republican tax and spending plan? Read More »
(Reuters) -British scientific instruments maker Spectris has agreed to a takeover offer from U.S. investment firm KKR valuing it at 4.7 billion pounds ($6.46 billion) including debt, and has withdrawn its support for a rival offer from Advent. The battle for Spectris, Britain’s largest takeover target this year, heated up after KKR last week tabled …
KKR outbids Advent in $6.5 billion battle to buy UK’s Spectris Read More »
(Reuters) -Private equity group KKR will acquire ProTen, one of Australia’s largest broiler chicken growers, from pension fund Aware Super, the parties said in a joint statement on Wednesday without disclosing financial details. ProTen was established in 2001 and currently manages more than 700 poultry sheds across more than 60 farms. The company has been …
KKR to acquire Australian chicken grower ProTen from Aware Super Read More »
By Byron Kaye and Shivangi Lahiri (Reuters) -A cyber hacker broke into a database containing the personal information of millions of customers, Qantas said, in Australia’s biggest breach in years and a setback for an airline rebuilding trust after a reputational crisis. The hacker targeted a call centre and gained access to a third-party customer …
Australia’s Qantas says 6 million customer accounts accessed in cyber hack Read More »
By Stella Qiu SYDNEY (Reuters) -Australian retail sales barely grew for a fourth straight month in May as gains in clothing purchases were offset by a rare drop in food sales, bolstering the case for another cut in interest rates next week. The result dashed hopes that lower borrowing costs and rising real incomes would …
Australia retail sales rise marginally in May, boost hopes for rate cut Read More »
SINGAPORE (Reuters) -Australia’s BHP Group has signed contracts with China’s COSCO Shipping for the charter of two ammonia dual-fuelled Newcastlemax bulk carriers, the mining giant said on Wednesday. The two vessels are expected to be delivered from 2028 and will be charted for five years. They will mainly be used to transport iron ore from …
BHP inks charter contracts with COSCO for ammonia dual-fuelled vessels Read More »
(Reuters) -Del Monte Foods kicked off efforts to pursue a sale as it filed for Chapter 11 bankruptcy proceedings in the United States on Tuesday under an agreement with certain key lenders, the company said in a statement. The company has secured $912.5 million in financing to support itself through the proceedings, it said, adding …
Del Monte Foods seeks buyer as it initiates US bankruptcy proceedings Read More »
