(Reuters) – British lender Metro Bank said on Monday it was in talks about a potential disposal of residential mortgage loans worth billions of pounds. The size of the portfolio, which is yet to be finalised, could be closer to 4 billion pounds ($5.13 billion) than 3 billion pounds, Sky News said, which first reported […]
By Sabrina Valle and Tanay Dhumal HOUSTON (Reuters) – Exxon Mobil Corp on Monday signaled that lower refining margins across the industry and lower natural gas prices will reduce profits in the second quarter. A snapshot of operating factors affecting the quarter suggests earnings per share between $1.50 and $2.40, or about $8.3 billion, which […]
By Simon Lewis, Andrea Shalal and Andrew Gray WASHINGTON (Reuters) – Leaders of NATO member states arrive in Washington this week intent on deepening support for Ukraine but will find themselves facing another kind of challenge: how to navigate the possible return of former U.S. President Donald Trump. Host Joe Biden fumbled a June 27 […]
By Milana Vinn (Reuters) -Private equity firm Bain Capital is nearing a deal to acquire Envestnet, a U.S. financial software vendor with a market value of about $3.5 billion, people familiar with the matter said on Monday. If the negotiations conclude successfully, a deal with Bain could be announced as soon as this week and […]
(Reuters) -British fintech company Revolut’s CEO Nikolay Storonsky will cash in part of his multibillion dollar stake in the company as part of a $500 million share sale, Sky News reported on Sunday. The Financial Times reported last month that the digital finance app is working with bankers on the share sale, including shares held […]
WASHINGTON (Reuters) -U.S. President Joe Biden again called his debate against Republican opponent Donald Trump “a bad episode,” suggesting in an interview with ABC News on Friday that his shaky performance was due to poor preparation, exhaustion and illness. “No indication of any serious condition. I was exhausted. I didn’t listen to my instincts in […]
(Reuters) – Private equity firm Carlyle Group is in exclusive talks to acquire Baxter International’s kidney care spinoff Vantive for more than $4 billion, including debt, a person familiar with the matter told Reuters on Friday. Shares of the Deerfield, Illinois-based firm rose about 4%. The parties had entered exclusive negotiations in late June, the […]
BANGKOK (Reuters) – China’s BYD will acquire a 20% stake in its local distributor Rever Automotive in Thailand, its largest market outside of China where it is an electric vehicle market leader, the companies said Saturday. The Shenzhen-based automaker opened its first factory in Southeast Asia in Thailand this week. The $490 million factory will […]
MANILA (Reuters) – The Philippine Coast Guard (PCG) said on Saturday that China’s largest coastguard vessel has anchored in Manila’s exclusive economic zone (EEZ) in the South China Sea, and is meant to intimidate its smaller Asian neighbour. The China coastguard’s 165-meter ‘monster ship’ entered Manila’s 200-nautical mile EEZ on July 2, spokesperson for the […]
By Nathan Layne (Reuters) – Former President Donald Trump tried to distance himself on Friday from a conservative group’s sweeping plans for the next Republican presidency, days after its leader claimed a second American Revolution was underway that would “remain bloodless if the left allows it to be.” The Republican presidential candidate renounced any connection […]
