Business
Anglo American does not find BHP $39 billion offer attractive, sources say
By Clara Denina, Amy-Jo Crowley and Anousha Sakoui LONDON (Reuters) - Anglo American does not consider a proposed $39 billion takeover offer from BHP Group as attractive, two sources told Reuters, as some large investors dismissed it as ...
IMF, Ecuador reach four-year, $4 billion staff-level agreement
(Reuters) - International Monetary Fund (IMF) staff and Ecuadorean authorities have reached a staff-level agreement to underpin a four-year, $4 billion extended fund facility, the IMF said in a statement on Thursday. "Amid a challenging ...
US ban on worker noncompetes faces uphill legal battle
By Daniel Wiessner (Reuters) - The U.S. Federal Trade Commission's ban on "noncompete" agreements commonly signed by workers is likely vulnerable to legal challenges, experts said, as some courts have grown increasingly skeptical of federal ...
Canada exemption for Airbus from titanium sanctions is time-limited, says source
OTTAWA (Reuters) - The sanctions exemption that Canada granted Airbus to allow it to use Russian titanium in its manufacturing is available only for a limited time, a Canadian source with direct knowledge of the matter said on Thursday. The ...
Airbus misses on operating profit, raises A350 output goal
PARIS (Reuters) - Airbus posted weaker than expected first-quarter operating profit and cashflow after hiring more staff to prepare for rising aircraft demand, but reaffirmed its financial goals for 2024 after a nervous start to the year on ...
Hertz Global eyes worst day on record as EV rental business falters
(Reuters) - Shares of Hertz Global slumped 24% and were on track for their sharpest one-day percentage fall on record on Thursday after the company reported a wider-than-expected quarterly loss, highlighting its struggles with the EV rental ...
Hawaiian Electric weighing sale of American Savings Bank, Bloomberg News reports
(Reuters) - Hawaiian Electric Industries is weighing the sale of its American Savings Bank FSB, Bloomberg News reported on Thursday citing people familiar with the matter. Hawaiian Electric is working with advisers to consider various options for ...
US bank regulator tables plans to scrutinize asset manager stakes in banks
WASHINGTON (Reuters) - A top US bank regulator opted not to consider new rules that would have imposed stricter oversight on asset managers with sizeable investments in banks, even as agency officials agreed the matter merited more attention. The ...
ByteDance denies media report of plan to sell TikTok
BEIJING (Reuters) - ByteDance has no plan to sell TikTok, the company's official account said in a statement posted on Toutiao, a media platform owned by the China-based firm. The Information earlier reported that ByteDance is exploring scenarios ...
Sri Lankan shares end higher as financials, industrials gain
BENGALURU (Reuters) - Sri Lankan shares closed higher on Thursday, driven by gains in financial and industrial stocks. * The CSE All Share index settled 1.4% higher at 12,075.98, gaining for three straight sessions. * LOLC Holdings and John ...