Author: Press Room
© Reuters. Passersby walk past an electric monitor displaying the Japanese yen exchange rate against the U.S. dollar outside a brokerage in Tokyo, Japan October 4, 2023. REUTERS/Issei Kato/file photo By Rae Wee SINGAPORE (Reuters) – Asian shares were mixed on Wednesday, while oil prices slid to six-month lows as traders waited for the year’s final policy decision from the Federal Reserve and clues on whether the central bank will cut rates next year. bottomed at $72.75 a barrel, its lowest level since late June, while slid to $68.14 a barrel on concerns of softening demand and oversupply. [O/R] The…
© Reuters. FILE PHOTO: The Tesla logo is seen at a dealership in Durango, northern Spain, October 30, 2023. REUTERS/Vincent West By Kylie Madry MEXICO CITY (Reuters) – Electric automaker Tesla (NASDAQ:) has received land-use permits from Mexico’s federal environment ministry to build a planned “gigafactory” in the northern border state of Nuevo Leon, the state government announced on Tuesday. The state government on Tuesday said the land designated for the plant spans around 261 hectares (645 acres). The automaker in March announced plans for a new factory in Mexico without providing a timeline for construction. The Nuevo Leon government…
© Reuters. Investing.com– Oil prices fell further in Asian trade on Wednesday, hitting five month lows as traders hunkered down before the final Federal Reserve meeting for the year, while signs of a draw in U.S. inventories offered little support. Concerns over weaker demand, looser supplies and higher-for-longer interest rates spurred steep losses in oil prices this week, as markets remained averse to crude after underwhelming production cuts from the Organization of Petroleum Exporting Countries and allies (OPEC+) for 2024. Record-high U.S. production and growing concerns over a slowdown in Chinese demand also weighed on crude, as did uncertainty before…
Sundry Photography/iStock Editorial via Getty Images A federal bankruptcy court has approved an offer from XPO (NYSE:XPO) to acquire 28 service centers that are owned by now bankrupt Yellow Corp. (OTC:YELLQ). The LTL freight provider is purchasing 26 of the locations and will acquire the leases for the two other ones. The acquisition is expected to close by the end of the year. The locations of the centers include Atlanta, Houston, Indianapolis, Las Vegas, Minneapolis, and Nashville.
As President Biden’s allies grow more worried that his standing is slipping among Black men, his aides met on Tuesday at the White House with influential Black male Democrats to discuss how to increase his popularity with a crucial group of voters before the 2024 election.Several attendees said there was general agreement that Mr. Biden, during both his 2020 campaign and his first three years in office, had paid more attention to Black female voters than to Black male ones. These people said they had suggested to Mr. Biden’s aides that the president needed to make a specific argument about…
Harvard’s governing board announced Tuesday it determined that the school’s embattled president, Claudine Gay, did not engage in “research misconduct.”Gay was accused of plagiarizing after the conservative website The Washington Free Beacon published a story highlighting multiple instances where Gay’s writing in four academic articles matched up with other academic articles — some which were written by her former advisers. In some instances, no citation was inserted or quotation marks were not used.The Harvard Corporation — the board that governs the elite university — said that it was aware of the allegations since October and began an investigation into Gay.The…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.In the past few years, there have been several milestones for mergers and acquisitions in Japan that signalled unsolicited takeovers were no longer an alien concept to the country’s companies. One pivotal deal came in late 2020 when furniture retailer Nitori launched a $2bn unsolicited bid for rival Shimachu. Then this summer, Apple supplier Nidec announced an unsolicited offer for Takisawa Machine Tools, which was subsequently approved by the target company.But even in the new world of shareholder activism and governance pressure, no…
© Reuters. FILE PHOTO: U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Kevin Buckland TOKYO (Reuters) – The dollar remained on the back foot versus major rivals on Wednesday, as traders braced for the conclusion of a Federal Reserve policy meeting and clues on when the U.S. central bank will begin cutting interest rates. The U.S. currency edged lower to 145.385 yen in early Asian trading, adding to its 0.5% loss from the previous session. It was also down slightly against the euro at $1.0798, after losing about 0.28% on…
© Reuters. (Reuters) – Superannuation fund AustralianSuper said on Wednesday it has increased the program size of its partnership with U.S.-based Churchill Asset Management to $1.5 billion, in an effort to increase investments in the private credit market. The investment programme, which started with an initial installment of $250 million in 2022, targets senior and unitranche loans to private equity-backed U.S. mid-size companies. AustralianSuper has over $4.5 billion invested in private credit globally, and aims to triple its exposure in the coming years through a mix of direct lending via its in-house private credit team and strategic partnerships with specialist…
Warby Parker CFO Miller sells stock worth over $328k – filing