(Reuters) – Alight said on Wednesday it has agreed to sell its professional services and payroll outsourcing business to an affiliate of private equity firm HIG Capital for up to $1.2 billion. Shares of the benefits service provider rose around 10%. The deal is in the form of $1 billion in cash and up to …
Alight to sell payroll and professional service business for up to $1.2 billion Read More »
By David Lawder WASHINGTON (Reuters) -The Congressional Budget Office said on Wednesday that U.S. deficits and debt will grow considerably over the next 30 years as interest costs mount, but the outlook had improved from forecasts made last June due to spending limits passed by Congress and stronger projected economic growth. The CBO’s latest long-term …
CBO says US 30-year deficits to grow at slower pace due to spending caps, stronger GDP Read More »
A look at the day ahead in European and global markets from Vidya Ranganathan A holiday in Japan is giving markets time to digest the BOJ’s momentous monetary policy decision and to focus on the equally consequential Fed policy decision due Wednesday. Before that, there’s German inflation data and the more intensely debated UK inflation …
Morning Bid: More pounding of yen as UK inflation data looms Read More »
By Danial Azhar and Rozanna Latiff KUALA LUMPUR (Reuters) -Malaysia’s central bank on Wednesday called for an acceleration of structural reforms to ensure long-term sustainable economic strength and support for the ringgit currency. Favourable economic conditions expected in 2024, including moderate inflation and a projected pick-up in trade activity, provided space for the government to …
Malaysia’s central bank calls for reforms to promote long-term economic strength Read More »
(Reuters) – Mexico’s central bank is expected to cut its benchmark interest rate this week, according to a Reuters poll on Tuesday, which would mark the first rate cut since it began its monetary tightening cycle in the mid-2021. According to the survey, 16 of the 17 analysts polled predicted the Bank of Mexico will …
Mexico central bank expected to cut key rate, 16 of 17 analysts predict Read More »
By Marianna Parraga HOUSTON (Reuters) -Argentina could inaugurate its first liquefied natural gas (LNG) project in four years if economic and energy reforms proposed by President Javier Milei are passed by congress soon, the CEO of producer Tecpetrol said on Tuesday. The South American country is going through a difficult economic situation but the reforms …
Argentina may have first LNG plant ready in 4 years if reforms pass -Tecpetrol Read More »
By Francesco Canepa and John O’Donnell FRANKFURT (Reuters) – European Central Bank policymaker Martins Kazaks said on Tuesday he was “comfortable” with investor bets on three interest rate cuts by the central bank by the end of the year. Many ECB policymakers have expressed support for a first reduction in borrowing costs from their current …
ECB’s Kazaks ‘comfortable’ with market bets on three rate cuts this year Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. single-family homebuilding rebounded sharply in February, hitting the highest level in nearly two years, boosted by mild temperatures and a persistent shortage of previously owned houses on the market. Despite the hurdle created for many first-time buyers by higher mortgage rates, builders are cutting prices and offering other …
US single-family housing starts, permits near two-year highs Read More »
By Abigail Summerville NEW YORK (Reuters) – The private equity owner of Chosen Foods is preparing to explore a sale that could value the avocado-based food products company at around $600 million or more, including debt, according to people familiar with the matter. Chosen Foods is working with investment banks Morgan Stanley and Bank of …
Chosen Foods’ owner explores sale of avocado-based food products maker, sources say Read More »
(Reuters) – International Flavors & Fragrances said on Tuesday it would sell its pharma solutions business to French plant-based ingredients maker Roquette in a deal valued at $2.85 billion, as it looks to focus on higher-margin businesses. The move comes at a time when IFF is seeing demand slow for its food ingredients and solutions …
IFF to sell pharma unit to France’s Roquette in $2.85 billion deal Read More »
