By Arasu Kannagi Basil and Ateev Bhandari (Reuters) -Israel’s eToro said on Monday it was targeting a valuation of up to $4 billion in its U.S. initial public offering, as the retail trading platform moves ahead with its long-awaited New York flotation. Bnei Brak-based eToro and some existing stockholders are seeking up to $500 million …
Retail trading platform eToro targets $4 billion valuation in US IPO Read More »
By Rafael EscaleraMontoto (Reuters) -Mexican lender Banorte is not considering making a bid for Banamex, Citi’s one-time retail unit in the country which it split off last year, CEO Marcos Ramirez told local newspaper Milenio in an interview published on Monday. WHY IT’S IMPORTANT Ramirez’s comments were a shift away from statements he made during …
Mexico’s Banorte backs away from potential Banamex bid Read More »
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. services sector’s growth picked up in April, while a measure of prices paid by businesses for materials and services raced to the highest level in more than two years, signaling a building up in inflation pressures due to tariffs. The Institute for Supply Management (ISM) survey on …
US services sector expands with hints of rising price pressures Read More »
(Reuters) -Harvey Schwartz, CEO of the Carlyle Group, says his firm is actively seeking opportunities to deploy some of the firm’s $80 billion in free capital into new investments. Schwartz, speaking to the annual Milken Institute’s global conference, said the timing of any new investments will depend on getting clarity into the administration’s tariff policies. …
Carlyle CEO Harvey Schwartz says actively looking for investments Read More »
By Tom Polansek and Neil J Kanatt (Reuters) -Tyson Foods reported lower-than-expected quarterly sales and stuck to its annual revenue forecast on Monday amid weaker demand for beef, sending shares down 9% and overshadowing better-than-anticipated profits. U.S. President Donald Trump’s trade policies hung over the meat company due to concerns that tariff disputes could raise …
Tyson Foods shares sink 9% as high beef prices hurt demand Read More »
(Reuters) -Argentina’s state energy company YPF on Monday said it is partnering with Israel-based firm XtraLit to jointly develop direct lithium extraction (DLE) projects in the South American country. Lithium demand has been surging globally, driven by lithium-ion batteries’ role in electric vehicles (EVs), portable electronics and increased adoption of renewable energy storage solutions. Following …
YPF, Israel’s XtraLit to develop direct lithium extraction projects in Argentina Read More »
By Jonathan Stempel OMAHA, Nebraska (Reuters) -Brooks Running, which is owned by Warren Buffett’s Berkshire Hathaway, is committed to keeping production in southeast Asia even if U.S. President Donald Trump’s proposed tariffs mean consumers will pay more for its performance running shoes, its chief executive said. Dan Sheridan, a 27-year Brooks veteran and chief executive …
Berkshire’s Brooks Running committed to southeast Asia as tariffs take hold Read More »
By Kamal Choudhury (Reuters) – Zimmer Biomet Holdings on Monday lowered its 2025 adjusted profit forecast, and said it expects the proposed trade tariffs to weigh on the company’s earnings this year. The Warsaw, Indiana-based company’s shares fell 10% to $92 in morning trading. Zimmer, which makes devices used in hip and knee procedures, said …
Zimmer Biomet lowers 2025 profit forecast amid tariff uncertainty, shares fall Read More »
By Kylie Madry MEXICO CITY (Reuters) -Mexican officials on Monday laid out a plan to keep the nation on the path toward growth after narrowly avoiding a technical recession in the first quarter. The nation’s annual gross domestic product could tick up 0.7 percentage points if the plan goes into effect, Finance Minister Edgar Amador …
Facing flagging growth, Mexico government plans to boost national output Read More »
(Reuters) -General Motors on Monday named insider Duncan Aldred the president of its North America business, effective immediately, days after the automotive manufacturer cut its 2025 profit forecast on concerns over U.S. tariffs. Aldred, who has been with GM for 33 years, was most recently vice president of the company’s commercial growth strategies and operations …
GM appoints insider Duncan Aldred to lead North America business Read More »
