(Reuters) -KKR & Co said on Friday it would buy chemical maker Chase in an all-cash deal valued at about $1.3 billion including debt, to help the private equity firm bolster its holdings in the sp[...]
Read more
Uncategorized
Chinese property giant Country Garden sinks in renewed storm
By Ankur Banerjee, Clare Jim and Marc Jones SINGAPORE/HONG KONG/LONDON (Reuters) -China’s property sector crisis escalated again on Friday as a sharp fall in the shares and bonds of one of the c[...]
Read more
Trump-linked SPAC surges as fraud settlement lifts hopes for deal completion
(Reuters) -Shares of Digital World Acquisition (DWAC) surged 55% on Friday as a settlement with U.S. securities regulator over fraud charges cleared some of the uncertainty over the blank-check firm[...]
Read more
Prosecutors accuse FTX’s Bankman-Fried of witness tampering
By Shubham Kalia and Gokul Pisharody (Reuters) -U.S. prosecutors have accused FTX founder Sam Bankman-Fried of witness tampering and asked a federal judge to issue an order that would bar the former b[...]
Read more
Global retailers cash in on Barbie movie craze
By Helen Reid (Reuters) – Shoppers are snapping up Barbie hoop earrings, perfume, jumpsuits, and dresses as retailers seek to cash in on Friday’s Barbie film release, reigniting the craze[...]
Read more
China to rate sponsor institutions’ performance in assisting listed firms
HONG KONG (Reuters) – China’s two main bourses on Friday issued guidelines for rating the performances of sponsor institutions such as brokerages who help firms list on the exchanges, as p[...]
Read more
Russian rouble eases as central bank makes big rate hike
By Alexander Marrow (Reuters) – The rouble weakened against the dollar on Friday after the Bank of Russia hiked rates by a more-than-expected 100 basis points, pointing to rising inflationary pr[...]
Read more
US banks’ second quarter earnings: the results in charts
By Manya Saini (Reuters) -U.S. banks benefited from higher interest rates in the second-quarter, driving a rally in major indexes, but lower consumer spending, slower loan growth and the increased cos[...]
Read more
Global equity funds see first weekly outflow in four weeks
(Reuters) – Global equity funds witnessed their first weekly outflow in four weeks in the week to July 19, reflecting concerns over slower growth in China and caution ahead of the Federal Reserv[...]
Read more