By Emma-Victoria Farr BERLIN – Private equity investors gathered in Berlin at their annual get-together are fretting a season of record buyouts is drawing to a close after a week …
Financial
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By Praveen Paramasivam, Maria Ponnezhath and Dietrich Knauth (Reuters) -Cosmetics maker Revlon Inc has filed for bankruptcy, falling victim to global supply chain disruptions that pushed up raw material costs …
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By Kylie Madry and Brendan O’Boyle MEXICO CITY – Mexico’s financial system is resilient and solid despite international economic and geopolitical volatility, the central bank chief said on Wednesday during …
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By Selena Li HONG KONG – Manulife Financial’s Asia unit is on track to account for half of the Canadian insurer’s core earnings by 2025 despite economic slowdowns and impact …
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(Reuters) -Australia’s corporate regulator on Wednesday fined a former unit of top lender Commonwealth Bank A$1.7 million ($1.2 million) for charging fees from deceased superannuation members. The unit, Avanteos Investments, …
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By Katanga Johnson WASHINGTON – U.S. financial industry groups are pushing to water down a draft Securities and Exchange Commission (SEC) rule aimed at reining-in special purpose acquisition companies or …
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By Huw Jones LONDON – European Union financial services chief Mairead McGuinness on Tuesday urged the bloc’s lawmakers to agree on bank capital rules to keep the sector resilient as …
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SINGAPORE -Singapore-listed Frasers Property Ltd, part of Thai tycoon Charoen Sirivadhanabhakdi’s TCC Group, proposes to take unit Frasers Hospitality Trust private in a deal that values it at S$1.35 billion …
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By Laura Sanicola (Reuters) -The price of U.S. gasoline averaged more than $5 a gallon for the first time on Saturday, data from the AAA showed, extending a surge in …
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By Trevor Hunnicutt and Jarrett Renshaw LOS ANGELES -U.S. President Joe Biden on Friday accused the U.S. oil industry, and Exxon Mobil Corp in particular, of capitalizing on a supply …
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(Reuters) -Stitch Fix Inc said on Thursday it is reducing its workforce by around 15% of salaried positions, as the online personalized styling service firm aims to return to profitability. …
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By Svea Herbst-Bayliss (Reuters) -Hedge funds Macellum Advisors and Ancora Advisors have lost their bid for board seats at supermarket operator SpartanNash Co, according to two sources familiar with the …
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By Leigh Thomas PARIS – The war in Ukraine has made the growth outlook far bleaker even though the global economy should avoid a bout of 1970s-style stagflation, the OECD …
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“In the past year, Cytovia has graduated into a fully-integrated global biotech with R&D and cell manufacturing capabilities. As we advance our product candidates towards clinical trials and prepare to become …
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(Reuters) – A Reuters story quoting Russia’s RIA Novosti as saying IBM will cease operations in Russia is withdrawn. IBM made the announcement on March 7. There will be no …
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Baltimore, Maryland – The U.S. Attorney’s Office is partnering with Project SAFE and the PROTECT Week Coalition to help seniors in Maryland avoid falling victim to financial exploitation. PROTECT Week, …
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(Reuters) -Amarin Corp Plc said on Monday it would cut its workforce by 40%, as the drugmaker’s fish-oil derived heart drug faces stiff competition from generic rivals in the United …
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By Stanis Bujakera and Aaron Ross KINSHASA – More than $400 million in tax advances and loans that Democratic Republic of Congo’s state mining company Gecamines said it paid to …
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Hylan Welcomes Back a Familiar Face as New CFO HOLMDEL, N.J., June 2, 2022 — Hylan, a market leading provider of specialized communications engineering, construction, and infrastructure services, announces today that Crystal …
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By Selena Li HONG KONG – China’s proposed cybersecurity rules for financial firms could pose risks to operations of western companies by making their data vulnerable to hacking, among other …
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By Gabriel Araujo GAVIAO PEIXOTO, Brazil -Brazil’s Embraer SA is still working with a figure of 22 orders from the Brazilian Air Force for the KC-390 aircraft, its head of …
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By Giulia Segreti ROME -Shareholders in Italy’s Leonardo on Tuesday rejected a proposal by activist investor Bluebell Partners to start a liability action against the defence group’s chief executive Alessandro …
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(Reuters) -Abu Dhabi state holding firm ADQ will allocate $10 billion in investment for projects with Egypt and Jordan, the United Arab Emirates’ state news agency WAM reported on Sunday, …
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PORTLAND, Ore.—A former senior executive and chief financial officer of Aequitas Management, LLC, and several other entities formerly owned by Aequitas, pleaded guilty today to submitting a false statement to …
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PHILADELPHIA – United States Attorney Jennifer Arbittier Williams announced that Jason Weigand, 51, of Sinking Springs, PA, was convicted at trial on thirty counts involving multiple charges of fraud, money …