News
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EXCLUSIVE-CNBC to unify digital, TV news operations and lay off nearly a dozen employees, sources say
By Dawn Chmielewski and Aditya SoniFeb 26 (Reuters) - CNBC is restructuring its newsroom to unify its TV and digital operations in a move that would result in nearly a dozen layoffs including the departure of the website's managing editor, Jeff McCracken, four sources familiar with the matter to...Reuters
8 minutes ago
Syngenta plans to file for up to $10 billion Hong Kong IPO in second quarter, sources say
By John Revill, Kane Wu and Oliver HirtZURICH/HONG KONG, Feb 26 (Reuters) - Syngenta Group plans to file the application for an up to $10 billion stock market listing in Hong Kong in the second quarter of this year and has hired banks to manage the initial public offering, two people with knowledge ...Reuters
12 minutes ago
US proposes severing Swiss bank from financial system over alleged Iran, Russia, Venezuela links
WASHINGTON, Feb 26 (Reuters) - The U.S. Treasury Department proposed a rule on Thursday that, if finalized, would sever MBaer Merchant Bank AG's access to the U.S. financial system on the grounds the Swiss bank had supported illicit actors linked to Iran and Russia.The Treasury alleged MBaer and...Reuters
13 minutes ago
CORRECTED-Syngenta plans to file for up to $10 billion Hong Kong IPO in second quarter, sources say
By John Revill, Kane Wu and Oliver HirtZURICH/HONG KONG, Feb 26 (Reuters) - Syngenta Group plans to file the application for an up to $10 billion stock market listing in Hong Kong in the second quarter of this year and has hired banks to manage the initial public offering, two people with knowledge ...Reuters
14 minutes ago
BREAKINGVIEWS-‘The Big Short’ confab makes merry amid credit storm
By Stephen GandelNEW YORK, Feb 26 (Reuters Breakingviews) - At SFVegas, the event made infamous by Michael Lewis’s financial-crisis chronicle, fears of credit cockroaches or software blowups are absent. The 10,000 attendees instead hailed Wall Street’s mania for byzantine IOUs, with upsets seen as c...Reuters
15 minutes ago
China's Baidu revenue falls as AI cloud growth fails to offset ad weakness
By Liam Mo and Deborah Mary SophiaFeb 26 (Reuters) - China's largest search engine operator Baidu 9888.HK reported a 4% revenue drop for its December quarter on Thursday, as persistent weakness in its mainstay advertising business offset strong growth in its cloud business.Baidu, like other tech...Reuters
19 minutes ago
Cuba vows to defend itself against 'terrorist and mercenary aggression'
Feb 26 (Reuters) - President Miguel Diaz-Canel said on Thursday that Cuba will defend itself against "terrorist and mercenary aggression," a day after Havana said it had killed four exiles aboard a Florida-registered speedboat that entered Cuban waters and opened fire on a patrol.The Cuban g...Reuters
20 minutes ago
US closes probe into 7.4 million Stellantis vehicles without seeking recall
By David ShepardsonWASHINGTON, Feb 26 (Reuters) - The National Highway Traffic Safety Administration on Thursday closed a long-running probe into nearly 7.4 million U.S. vehicles built by Chrysler-parent Stellantis over inadvertent deployments of active head rests without seeking a recall.The U.S. a...Reuters
25 minutes ago
France calls Russian allegations of nuclear transfers to Ukraine baseless
PARIS, Feb 26 (Reuters) - France hit back on Thursday over what it called baseless Russian accusations that Ukraine was seeking a nuclear weapon or dirty bomb with help from London or Paris, calling it the latest example of Russian disinformation.In a statement published on the fourth anniversary of...Reuters
28 minutes ago
Canada's CIBC rises after Q1 earnings beat estimates
Shares of Canadian lender CIBC CM.TO rise 2.58% to C$137.85 Co posts Q1 adj net income of C$2.69 billion, beating analysts' estimates of C$2.23 billion as per data compiled by LSEGReports Q1 revenue of C$8.40 billion above analysts' estimates of C$7.69 billionCo did not provide specific guid...Reuters
39 minutes ago
Reuters Econ World: AI mood swings
By Carmel Crimmins Feb 26 (Reuters) - How are we feeling about AI right now? Wall Street can’t seem to make up its mind. Nvidia underwhelmed investors despite a blockbuster quarter and a bullish sales forecast. Its chips are powering the AI revolution but shareholders are clearly worried about th...Reuters
45 minutes ago
CDC vaccine advisors to consider COVID-19 vaccine injuries, long COVID
Feb 26 (Reuters) - The U.S. CDC's vaccine advisory committee will discuss and may vote on recommendations for issues including COVID-19 vaccine injuries and long COVID at its scheduled meeting on March 18-19, according to a notice in the Federal Register.The recommendations of the Advisory Commi...Reuters
48 minutes ago
U.S. RESEARCH ROUNDUP-Arcellx, Costar Group, Magnite
Feb 26 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Arcellx, Costar Group and Magnite, on Thursday. HIGHLIGHTSArcellx Inc ACLX.O: Guggenheim cuts to neutral from buy; cuts PT to $115 from $120Costar Group Inc CSGP.O: ...Reuters
52 minutes ago
Denmark to hold elections as PM bets on Greenland crisis boost
Denmark to hold parliamentary elections on March 24Election to test PM's leadership amid domestic dissatisfactionDenmark's current government unusual cross-partisan coalitionBy Jacob Gronholt-Pedersen and Soren Jeppesen COPENHAGEN, Feb 26 (Reuters) - Denmark will hold a parliamentary ele...Reuters
54 minutes ago
Deals of the day-Mergers and acquisitions
Feb 26 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Thursday: Victory Capital VCTR.O said it has offered to buy peer Janus Henderson JHG.N for $57.04 per share, months after the asset manager unveiled a $7.4 billion deal with Nelson Peltz's...Reuters
57 minutes ago
Melania Trump to chair a meeting of the UN Security Council, White House says
WASHINGTON, Feb 26 (Reuters) - First lady Melania Trump will chair a meeting of the United Nations Security Council on Monday as the U.S. takes over the monthly rotating presidency, the White House said.Melania Trump will emphasize education as a way to advance tolerance and world peace at the meeti...Reuters
an hour ago
US and Iran could reach deal if nuclear and non-nuclear issues are separated, says senior Iranian official
US military buildup has raised fears of regional conflictKhamenei faces internal pressure due to economy, protestsIran has indicated it could make concessionsTehran will show flexibility, ministry spokesperson saysTalks in Geneva pause, set to resume later on Thursday Iran wants nuclear and non nucl...Reuters
an hour ago
Irenic Makes Unsolicited Bid For Reservoir Media-Bloomberg News
Feb 26 (Reuters) - IRENIC MAKES UNSOLICITED BID FOR RESERVOIR MEDIA- BLOOMBERG NEWSIRENIC SUBMITTED A BID FOR CO. WORTH $10 TO $11 PER SHARE OR ABOUT $1.1 BILLION TO $1.2 BILLION, INCLUDING DEBT-BLOOMBERG NEWSSource text: https://tinyurl.com/2cpsz3y2Reuters
an hour ago
