By Caroline Valetkevitch NEW YORK (Reuters) -The Dow Jones industrial average hit its first record closing high since January 2022 and the S&P 500 and Nasdaq rallied more than 1% each on Wednesday[...]
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December 13, 2023
Bain Capital sells $448 million stake in India’s Axis Bank
BENGALURU (Reuters) -Private equity firm Bain Capital sold a stake worth $448 million in Indian private lender Axis Bank in a block trade on Wednesday, according to a term sheet seen by Reuters. Bain[...]
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New Zealand central bank warns Citi’s local unit over breach of international payments rule
(Reuters) – The Reserve Bank of New Zealand (RBNZ) said on Thursday it had issued a formal warning to Citigroup’s local unit for failing to provide sender information in international paym[...]
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Australian competition watchdog approves Woolworths’ stake buy in Petstock
(Reuters) – Australia’s competition watchdog said on Thursday it will not oppose Woolworths’ acquisition of a 55% stake in specialty pet retailer Petstock Group. The Australian Compe[...]
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Occidental’s deal for CrownRock is no Anadarko redux, say ratings firms
By Sabrina Valle HOUSTON (Reuters) – Occidental Petroleum’s plan to pay off debt from its acquisition of CrownRock should result in a reduced financial burden within a year of closing, cre[...]
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Apple reaches record high close as Fed signals rate cuts
(Reuters) – Apple’s stock reached a record high close on Wednesday, lifted in a broad Wall Street rally after the Federal Reserve signaled lower borrowing costs are coming in 2024. Apple[...]
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UBS steps up efforts to recover cash from Credit Suisse defectors – Bloomberg News
(Reuters) – Swiss lender UBS Group AG has stepped up efforts to recoup hundreds of millions in cash bonuses that Credit Suisse paid to retain dealmakers before the lender’s collapse, Bloom[...]
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Brazil central bank cuts rates by 50 bps, signals same beyond January
By Marcela Ayres BRASILIA (Reuters) -Brazil’s central bank lowered its benchmark interest rate by 50 basis points on Wednesday for the fourth time in a row and signaled that it would keep cuttin[...]
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With rate hikes likely done, Fed turns to timing of cuts
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – The Federal Reserve left interest rates unchanged on Wednesday and U.S. central bank chief Jerome Powell said the historic tightening of[...]
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