Australia's Star Entertainment gets potential deal offers
(Reuters) - Australian casino operator Star Entertainment Group said on Monday it had received unsolicited and non-binding interest from several external parties regarding potential take-control transactions. The Australian Financial Review had rep...
2h ago
Asking prices for UK homes hit record high, Rightmove says
LONDON (Reuters) - Prices of homes being put up for sale in Britain have hit record highs despite still expensive mortgage costs, but the pace of gains has slowed, according to data from property website Rightmove. The average asking price for resi...
3h ago
Japan and ASEAN plan joint strategy on auto production, Nikkei reports
(Reuters) - Japan and the Association of Southeast Asian Nations (ASEAN) plan to create their first joint strategy on automobile production and sales within the Southeast Asian bloc to counter China's increasing presence in the electric vehicle mar...
3h ago
Morning Bid: China clouds darken market mood
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets. Broadly speaking, the global backdrop for Asian markets is still bright, with investors confident that the Fed will soon cut U.S. interest rates keeping the dollar, bond yields...
4h ago
EQT in advanced talks to buy Keywords Studios for $2.8 billion
(Reuters) -European private equity group EQT is in advanced discussions to buy Dublin-based video game services company Keywords Studios for 2.2 billion pounds ($2.79 billion), the companies said in a statement. EQT is negotiating over a possible cash ...
11h ago
U.S. regulators reconsider capital hike for big banks, WSJ reports
(Reuters) - The Federal Reserve and two other U.S. regulators are moving toward a new plan that would significantly reduce a nearly 20% mandated increase in capital for the country's biggest banks following lobbying efforts by industry CEOs like JP...
12h ago
Musk arrives in Indonesia's Bali for planned Starlink launch
JAKARTA (Reuters) - Tycoon Elon Musk arrived on the Indonesian island of Bali on Sunday ahead of the planned launch of SpaceX's Starlink internet service, which the Indonesian government hopes will boost internet penetration and health services in ...
21h ago
China launches anti-dumping probe into EU, US, Japan, Taiwan chemicals
BEIJING (Reuters) - China's commerce ministry launched an anti-dumping probe on Sunday into POM copolymers, a type of engineering chemicals, imported from the EU, U.S., Japan and Taiwan. The chemicals can partially replace metals such as copper and...
21h ago
Sony and Apollo move ahead with Paramount bid process but reticent about earlier plan, NYT reports
(Reuters) - Sony Pictures Entertainment and Apollo Global Management have signed nondisclosure agreements that will allow them to look at Paramount's books ahead of a potential bid for the movie studio's assets, the New York Times reported on Frida...
May 18, 2024
Crypto lender Genesis to return $3 billion to customers in bankruptcy wind-down
By Dietrich Knauth NEW YORK (Reuters) - Crypto lender Genesis Global received court approval on Friday to return about $3 billion in cash and cryptocurrency to its customers in a bankruptcy liquidation, leaving its owner, Digital Currency Group, wi...
May 18, 2024
Nippon key negotiator to meet U.S. Steel staff in Pittsburgh, Bloomberg News reports
(Reuters) - Japan's Nippon Steel's vice chairman and key negotiator for the U.S. Steel deal, Takahiro Mori, will travel to Pittsburgh, Pennsylvania next week to meet with local staff and elected officials, Bloomberg News reported on Friday, citing ...
May 18, 2024
Analysis-UAW's stinging loss in Alabama won't kill national organizing effort
By Nora Eckert VANCE, Alabama (Reuters) - The United Auto Workers failed in its effort to organize a Mercedes-Benz plant in Alabama, but the loss on Friday was a good result for a first effort in a historically anti-union state, labor professors an...
May 17, 2024
Stock market's record-setting rebound may have further to go
By Lewis Krauskopf NEW YORK (Reuters) - A rebound that has taken the U.S. stock market to record highs this week may have further to run, if history is any guide. Fresh signs of a cooling economy calmed inflation worries in May, helping all three m...
May 17, 2024
J&J-backed startup Rapport files for US IPO
(Reuters) - Biopharmaceutical company Rapport Therapeutics, backed by the venture capital arm of Johnson & Johnson, filed for an initial public offering in the United States on Friday. Rapport, which develops small molecule medicines for patients s...
May 17, 2024
US, TikTok seek fast-track schedule, ruling by Dec. 6 on potential ban
WASHINGTON (Reuters) - The U.S. Justice Department and TikTok on Friday asked a U.S. appeals court to set a fast-track schedule to consider the legal challenges to a new law requiring Chinese-based ByteDance to divest TikTok's U.S. assets by Jan. 1...
May 17, 2024
Swedish EV maker Polestar gets Nasdaq notice on potential de-listing
(Reuters) - Swedish electric vehicle firm Polestar said on Friday it received a deficiency notice from the Nasdaq stock exchange for not filing its annual report on Form 20-F with the U.S. securities regulator for the fiscal year ended Dec 31. (Re...
May 17, 2024
US lukewarm on G7 Russian diamond ban after industry backlash
By Julia Payne and Dmitry Zhdannikov BRUSSELS/LONDON (Reuters) - The United States is re-evaluating the strictest elements of a ban on Russian diamonds from the Group of Seven major democracies, after opposition from African countries, Indian gem p...
May 17, 2024
Hershey faces larger lawsuit over missing designs on Reese's candies
By Jonathan Stempel (Reuters) - Hershey is facing a renewed, larger lawsuit claiming it misled consumers about the amount of artistic detail they would find on several Reese's peanut butter candies after opening the packaging. In a proposed class a...
May 17, 2024
Hedge funds squeezed from short bets amid surging meme stocks, Goldman Sachs says
By Nell Mackenzie LONDON (Reuters) - Hedge funds ditched bearish stock bets early this week at some of the highest rates in three years as U.S. meme stocks rallied sharply, a Goldman note seen by Reuters on Friday showed. The note, published on Wed...
May 17, 2024
Factbox-Boeing faces multiple probes after mid-air MAX door plug blowout
(Reuters) - Boeing is facing heightened scrutiny from U.S. regulators and prosecutors into its safety and quality practices following the Jan. 5 panel blowout on an Alaska Airlines 737 MAX 9. The planemaker is producing its cash-cow MAX jets at a l...
May 17, 2024
Fed's Bowman repeats she's willing to hike rates if needed
(Reuters) - U.S. Federal Reserve Governor Michelle Bowman on Friday repeated her view that inflation will fall further with the policy rate held steady, but said she has seen no improvement on inflation this year and remains willing to hike rates s...
May 17, 2024
Haidilao restaurant operator Super Hi's shares surge 38% in strong US market debut
(Reuters) - Super Hi International jumped 38% in its debut on Nasdaq, giving the operator of Chinese hotpot restaurant chain Haidilao a valuation of about $1.74 billion. Shares opened at $27 per share compared with the initial public offering (IPO)...
May 17, 2024
BuzzFeed CEO moves to majority stock based compensation amid AI push
(Reuters) - A major part of BuzzFeed CEO Jonah Peretti's compensation will now be in stock options, the digital media firm said on Friday, amid efforts to boost the adoption of artificial intelligence to speed up a turnaround. The company has award...
May 17, 2024
Fed Chair Powell tests positive for COVID-19, working from home
(Reuters) - Federal Reserve Chair Jerome Powell tested positive for COVID-19 on Thursday, a Fed spokesperson said in an emailed statement. Powell "plans to deliver commencement remarks to Georgetown Law School on May 19 via prerecorded video," the ...
May 17, 2024
Citgo share bidders can be asked how accommodate bondholder claims, judge rules
(Reuters) - Bidders in a U.S. court auction of shares that will decide the ownership of oil refiner Citgo Petroleum can be required to say if their binding offers cover claims by Venezuela bondholders in a separate court action, a U.S. District Cou...
May 17, 2024