(Reuters) – S&P Global on Tuesday slashed First Republic Bank’s credit rating deeper into junk territory after California banking regulators seized the U.S. lender and sold its assets. S&P cut its rating to ‘CC’ from ‘B+’ and said it expects default to be a “virtual certainty”. On Monday, JPMorgan Chase & Co struck a deal …
S&P cuts First Republic’s credit rating, says default a ‘virtual certainty’ Read More »
By Manya Saini, Niket Nishant and Koh Gui Qing (Reuters) -Hindenburg Research, the short investor whose reports on companies have erased a big chunk of their value, criticized Icahn Enterprises LP (IEP) on Tuesday over the reporting of its finances, leading to a 20% drop in the shares of activist investor Carl Icahn’s firm. The …
Short investor Hindenburg erases fifth of Icahn empire’s value Read More »
By Chris Thomas, Dhanya Skariachan and Tanvi Mehta BENGALURU (Reuters) -Cash-strapped Indian airline Go First filed for bankruptcy on Tuesday, blaming “faulty” Pratt & Whitney engines for the grounding of about half its fleet. The move marks the first major airline collapse in India since Jet Airways filed for bankruptcy in 2019, and underscores the …
India’s Go First airline files for bankruptcy, blames Pratt & Whitney engines Read More »
(Reuters) – Twitter chief Elon Musk has “threatened” to reassign National Public Radio’s Twitter account to another company, the U.S.-based broadcaster said on Tuesday. Musk suggested that he would reassign the network’s main account, under the @NPR handle, to another organization or person, NPR said. NPR stopped posting content to its 52 official Twitter feeds …
Musk threatens to reassign NPR Twitter account, NPR says Read More »
SYDNEY (Reuters) – Australian retail sales grew at their slowest annual pace in 14 months in March in a warning sign for consumption that will only get worse following a surprise hike in interest rates this week. Retail sales rose a modest 0.4% in March from February, when they edged up just 0.2%, data showed …
Australia March retail sales post slowest annual growth in 14 months Read More »
BOGOTA (Reuters) – Colombia’s central bank on Tuesday raised its outlook for 2023 inflation to 9.5% from 8.7%, reflecting persistent consumer price growth that has prompted the bank’s board to raise its benchmark interest rate beyond market expectations. The outlook, issued by the central bank’s technical team, influences the interest rate decisions adopted by the …
Colombia’s central bank raises 2023 inflation forecast to 9.5% Read More »
NAIROBI (Reuters) -Kenyan police fired tear gas at a small group of protesters in the capital Nairobi on Tuesday as the opposition took to the streets again in anti-government demonstrations following a one-month pause. Police said they had arrested 46 people “engaging in acts of criminality” and said the protests were unlawful. The Azimio La …
Kenyan police fire tear gas as anti-government protests resume Read More »
BENGALURU/CHENNAI (Reuters) – India-based Pepsi bottler Varun Beverages on Tuesday reported an about 69% jump in quarterly profit on price increases and steady demand, and said it would split each of its existing shares into two. The company reported a consolidated net profit of 4.29 billion rupees ($52.46 million) for the first quarter ended March …
Pepsi bottler Varun Beverages posts Q1 profit jump; announces stock split Read More »
(Reuters) – South Africa’s Gold Fields said on Tuesday it was setting up a joint venture with Osisko Mining to develop the Windfall gold mining project in Canada. The investment gives Gold Fields an entry point into the Canadian mining sector, which it has coveted for years. Gold Fields said it would pay an initial …
Gold Fields partners Osisko in Canadian joint venture Read More »
BOGOTÁ (Reuters) – El equipo técnico del Banco Central de Colombia ajustó el martes sus pronósticos de inflación y crecimiento de la economía, en medio de las persistentes presiones sobre los precios que llevaron al organismo a extender el ciclo alcista de su tasa de interés más allá de lo previsto por la mayoría del …
