DIRS.INFO The most relevant business & tech news

☆ Equatorial Guinea confirms six more Marburg cases
▼ + stars: | 2023-04-15 | by ( ) www.reuters.com time to read: 1 min

April 15 (Reuters) - Six additional laboratory-confirmed cases of Marburg disease have been reported in Equatorial Guinea, bringing the total number to 15, the World Health Organization (WHO) said on Saturday. Reporting by Shivani Tanna in Bengaluru; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

☆ Train carrying hazardous materials derails in Maine
▼ + stars: | 2023-04-15 | by ( ) www.reuters.com time to read: 1 min

April 15 (Reuters) - A train carrying hazardous materials derailed and caught fire north of Rockwood, Maine, fire officials said in a Facebook post on Saturday. Rockwood Fire and Rescue posted a photo of the derailment on its Facebook page and asked residents to "stay clear," without specifying the extent of damage. An FRA safety inspector is en route to the site of a Canadian Pacific Railway derailment near Brassua, Maine, U.S. Federal Railroad Administration said in a tweet. loading"Local responders have contained a fire in the area with no hazardous material released", it added. Reporting by Shivani Tanna in Bengaluru; Editing by Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.

☆ BlackRock sells asset-backed bonds from Credit Suisse's books, Bloomberg reports
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: +1 min

April 13 (Reuters) - Credit Suisse Group AG (CSGN.S) has hired BlackRock Inc (BLK.N) to help sell a portfolio of structured bonds for the Swiss bank, Bloomberg News reported on Thursday. BlackRock's Financial Markets Advisory group has been selling off securities over the last two weeks, including pieces of collateralized loan obligations, commercial mortgage bonds and niche asset-backed debt, Bloomberg reported, citing people with knowledge of the matter. BlackRock declined to comment, while Credit Suisse did not immediately respond to a Reuters request for comment. The move comes after the Swiss lender was acquired by UBS Group AG (UBSG.S) in a state-brokered deal. Reporting by Shivani Tanna in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

Known as Shapella, the latest upgrade to the Ethereum blockchain since its Merge upgrade will enable investors to redeem an offshoot of ether tokens that they have deposited in return for interest on the blockchain network over the past three years. Such so-called "staked ether" tokens currently account for about 15% of all ether tokens, according to data firm Dune Analytics, and are worth some $31 billion. Deposits & withdrawals for ETH, OP, ARB and ERC-20 tokens via the Ethereum, Optimism, and Arbitrum networks are now back online," Binance said in a tweet. The changes will likely lead to heightened volatility for ether, investors have predicted. In its last significant upgrade, Ethereum in September drastically reduced its energy usage - a move proponents said would give Ethereum an advantage as it seeks to surpass bitcoin.

☆ First Republic bank to suspend dividends on preferred stock
▼ + stars: | 2023-04-08 | by ( ) www.reuters.com time to read: 1 min

April 7 (Reuters) - First Republic Bank (FRC.N) said in a regulatory filing on Friday that it will suspend payments of quarterly cash dividends on its preferred stock "as a measure of prudent oversight." Last month, the bank suspended its dividend on common stock after the collapse of Silicon Valley Bank. Large U.S. banks injected $30 billion in deposits into First Republic Bank last month to rescue the lender caught up in a widening crisis triggered by the collapse of two other mid-sized U.S. lenders. Reporting by Shivani Tanna in Bengaluru; editing by Diane Craft and Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

☆ The city without TikTok offers a window to America's potential future As Americans face a future without TikTok, Hong Kong offers a glimpse into that reality
▼ + stars: | 2023-04-08 | by ( Jessie Yeung | ) edition.cnn.com time to read: +8 min

Hong Kong CNN —Across the United States, more than 150 million people are being faced with the possibility of a new reality: life without TikTok. In Hong Kong, there’s no need to imagine that reality: TikTok discontinued its services there in 2020. Lost opportunitiesTikTok announced its exit from Hong Kong in July 2020, a week after China imposed a controversial national security law in the city. At the time, Instagram Reels and YouTube Shorts had yet to arrive in Hong Kong. And while they occasionally wonder what’s happening on TikTok outside Hong Kong, the allure of it is lost when nobody else around them uses it either.

☆ Northern Ireland police warn of dissident violence ahead of Biden visit -BBC
▼ + stars: | 2023-04-07 | by ( ) www.reuters.com time to read: +1 min

April 7 (Reuters) - The Police Service of Northern Ireland (PSNI) has warned of the potential for public disorder by dissident republicans over the Easter weekend, days before a visit by U.S. President Joe Biden, the BBC reported on Thursday. The PSNI has made temporary changes to work shifts to put more officers onto frontline duties, he said. The Police warning comes ahead of President Biden's visit next week and after British intelligence agency MI5 increased the threat level from domestic terrorism in Northern Ireland to "severe". There is sporadic violence in Northern Ireland by small groups that has kept the threat level mostly at "severe" since the system was introduced in 2010. Reporting by Rahat Sandhu and Shivani Tanna in Bengaluru; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

☆ Exxon eyes potential purchase of shale driller Pioneer -WSJ
▼ + stars: | 2023-04-07 | by ( ) www.reuters.com time to read: +1 min

April 7 (Reuters) - Exxon Mobil Corp (XOM.N) has held preliminary talks with Pioneer Natural Resources Co (PXD.N) about a possible acquisition of the U.S. shale oil producer, the Wall Street Journal reported on Friday, citing people familiar with the matter. Discussions between the two companies about a potential deal have been informal, the newspaper said, adding that Exxon executives have discussed a potential tie-up with at least one other company. Exxon and Pioneer declined to comment on the report. Exxon views Pioneer as a top target to put its "windfall profits to use," the report said, adding that the talks may not lead to formal negotiations and Exxon may target another company. The largest U.S. oil producer this week signaled that its first-quarter operating profits dropped about 25% from the fourth quarter of last year, as oil and gas prices eased and refinery maintenance costs rose.

☆ White House prepares new bank rule proposal after failures - source
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, March 29 (Reuters) - The White House is preparing to release more of its promised plans to strengthen U.S. bank oversight as soon as this week after Silicon Valley Bank's collapse of earlier this month, according to a person familiar with the preparations. The White House declined to comment. The measures, which are still being hatched, are likely to fall short of broad changes to existing law. The White House is skeptical that such measures can win passage in a closely divided Congress. Instead, they would require implementing by the Fed, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency.

☆ White House preparing call for new bank rules - WaPo
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, March 29 (Reuters) - The White House is readying plans to push federal banking regulators to impose new rules on midsize banks after the collapse of Silicon Valley Bank earlier this month, the Washington Post reported on Wednesday, citing two people familiar with the preparations. The planned recommendations for Democratic U.S. President Joe Biden would push for rules to be reinstated for banks with between $100 billion and $250 billion that were deregulated by Congress and the Federal Reserve during former Republican President Donald Trump's administration, the Post said. Representatives for the White House could not be immediately reached for comment on the reported plans. Potential moves include requiring banks to have higher capital requirements, more safe assets relative to riskier loans, and crisis-ready plans for dissolution as well as more frequent so-called stress tests, the Post reported. Writing by Susan Heavey in Washington; additional reporting by Shivani Tanna in Bengaluru; Editing by Jan Harvey and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ Fitch says APAC banks resilient to risks highlighted by U.S. bank failures
▼ + stars: | 2023-03-17 | by ( ) www.reuters.com time to read: +1 min

March 16 (Reuters) - Ratings agency Fitch said on Thursday that direct exposures to Silicon Valley Bank <SIVB.O> and Signature Bank (SBNY.O) among its portfolio of rated banks in the Asia-Pacific (APAC) region appear limited. Weaknesses that led to the failure of the two banks are among the factors already considered in the agency's rating assessments for APAC banks, it said. "We generally view securities portfolio valuation risks as manageable for APAC banks," Fitch said, adding that exposures tend to be the highest in India and Japan. The collapse of Silicon Valley Bank has sparked a crisis of confidence in the banking sector, leading to a run on deposits at a host of regional banks despite U.S. authorities rolling out emergency measures to shore up confidence. read moreEarlier on Thursday, S&P said the fallout from Silicon Valley Bank's collapse may not lead to any rating actions on APAC banks as they are well placed to absorb potential contagion effects.

☆ Boeing close to finalizing 737 MAX deal with Japan Airlines - Bloomberg News
▼ + stars: | 2023-03-08 | by ( ) www.reuters.com time to read: +1 min

[1/2] The Boeing logo is seen on the side of a Boeing 737 MAX at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. REUTERS/Peter Cziborra/File PhotoMarch 8 (Reuters) - Boeing Co (BA.N) is close to sealing an order from Japan Airlines Co (JAL) <9201.T> for at least 20 of its 737 MAX planes, Bloomberg News reported on Wednesday, citing sources. The order will likely be a combination of smaller MAX 8 jets and some of Boeing's larger MAX 10 planes, the report said. JAL was also in talks with Airbus SE (AIR.PA), but is considering going with Boeing, the report said, adding that the deal may close by the end of March. A JAL spokesperson said they were still negotiating the deal and refused to provide more details.

☆ Boeing close to finalising 737 Max deal with Japan Airlines- Bloomberg
▼ + stars: | 2023-03-08 | by ( ) www.reuters.com time to read: 1 min

[1/2] The Boeing logo is seen on the side of a Boeing 737 MAX at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. REUTERS/Peter Cziborra/File PhotoMarch 8 (Reuters) - Boeing Co (BA.N) is close to sealing an order from Japan Airlines Co (9201.T) for at least 20 of its 737 Max planes, Bloomberg News reported on Wednesday, citing sources. The order will likely be a combination of smaller Max 8 jets along with some of Boeing's larger Max 10 planes, the report said. Reporting by Shivani Tanna in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

[1/2] The Boeing logo is seen on the side of a Boeing 737 MAX at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. REUTERS/Peter Cziborra/File PhotoMarch 8 (Reuters) - Japan Airlines Co (JAL) (9201.T) is close to placing an order for more than 20 Boeing (BA.N) 737 MAX airplanes as it renews its medium-haul fleet, industry sources said on Wednesday. The order will likely be a combination of 737 MAX 8 jets and some of Boeing's larger 737 MAX 10 planes, the report said, adding the airline was also in talks with Airbus SE (AIR.PA). A deal for JAL to buy Boeing's single-aisle MAX would be the second by one of Japan's top carriers following All Nippon Airways (ANA) (9202.T), in a national market traditionally dominated by Boeing. The future of the MAX in Japan had been uncertain after a recent safety crisis and the pandemic, which delayed ANA's decision to finalize its own order by around two years.

☆ Biden proposes to raise taxes on high earners to avert Medicare funding crisis- WaPo
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: 1 min

March 7 (Reuters) - The White House will propose raising taxes on people earning more than $400,000 and reduce what Medicare pays for prescription drugs in a bid to keep the program stable, the Washington Post reported on Tuesday. "The president's budget extends the life of the Medicare Trust Fund by at least 25 years," the report said citing the plan. The White House's proposal would raise the net investment income tax, created by the Affordable Care Act, from 3.8% to 5% for all Americans earning more than $400,000 per year, according to the report. The White House did not immediately respond to Reuters' request for comment. Reporting by Shivani Tanna in Bengaluru; Editing by Andrew Heavens and Christina FincherOur Standards: The Thomson Reuters Trust Principles.

☆ China plans to create new regulator for data governance -WSJ
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +1 min

March 6 (Reuters) - China is planning to create a new government agency to centralise management of the country's vast stores of data, in a bid to address businesses' data-security practices and streamline its regulatory structure, the Wall Street Joural reported on Monday. The new national data bureau would set and enforce data-collection and sharing rules for businesses and decide whether multinational companies can export data generated by their operations in China, it said. It would also investigate various issues in the digital domain and identify data-security vulnerabilities that are prone to cyberattack, the newspaper reported. Chinese regulators recently eased some deadline pressure on multinational companies struggling to comply with new rules requiring them to seek approval to export user data. Reporting by Shivani Tanna in Bengaluru; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

Feb 25 (Reuters) - Blackstone Inc (BX.N) Chief Executive Officer Steve Schwarzman took home about $1.26 billion in pay and dividends for 2022, a regulatory filing showed. Schwarzman received more than $1 billion in dividends from his Blackstone shares and $253.1 million in compensation, filing showed on Friday. Goldman Sachs Group Inc (GS.N) slashed compensation for CEO David Solomon by 29% to $25 million for 2022, while JPMorgan Chase & Co (JPM.N) CEO Jamie Dimon's total compensation was unchanged at $34.5 million. Schwarzman owns about 230 million shares in Blackstone according to a filing from February, and the company paid $4.40 in annual dividend, filings showed. Blackstone ended the quarter with $974.7 billion of total assets under management and declared a quarterly dividend of 91 cents per share.

Companies Goldman Sachs Group Inc FollowFeb 25 (Reuters) - Roger Ng, the former Goldman Sachs Group Inc (GS.N) banker convicted for helping to embezzle Malaysia's 1MDB sovereign wealth fund, appealed to a New York court on Saturday not to force him to spend more time in prison. A federal jury in Brooklyn convicted Ng in April last year of conspiring to violate an anti-bribery law and commit money laundering. Reuters was not immediately able reach Malaysian prison officials to comment on the conditions. Prosecutors said that he helped his former boss Tim Leissner embezzle money from the fund, launder the proceeds and bribe officials to win business for Goldman. Reporting by Shivani Tanna and Chandni Shah in Bengaluru; Editing by Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

☆ New York's JFK Airport terminal to remain shut after power outage
▼ + stars: | 2023-02-17 | by ( ) www.reuters.com time to read: +1 min

"Travelers should check with their carriers for flight status before coming to the airport," JFK said. The Port Authority is continuing to work with the terminal's operator to restore flight operations as quickly as possible, it added. JFK was working to accommodate affected flights using other terminals after the power outage began on Thursday. Some flights scheduled to arrive at JFK were diverted to other airports on the East Coast, the airport's website showed. Representatives for the Port Authority did not immediately respond to a Reuters request for comment.

☆ Insurance-tech firm Roadzen to go public via $965 mln SPAC deal
▼ + stars: | 2023-02-14 | by ( ) www.reuters.com time to read: +1 min

Feb 13 (Reuters) - Insurance tech firm Roadzen Inc has agreed to go public in the United States with a blank-check vehicle in a deal valued at about $965 million, the companies said on Monday. The deal with special purpose acquisition company Vahanna Tech Edge Acquisition I Corp (VHNA.O) values Roadzen at a pre-money equity value of $683 million and the combined company will be listed on the Nasdaq exchange, according to their joint statement. After the deal is completed, existing Roadzen shareholders are expected to own 73.2% of the combined entity, assuming none of the blank check firm's shareholders elect to redeem their shares. Roadzen, which uses advanced AI to provide data that helps insurers build auto insurance products, is expected to generate about $59 million and $118 million in total consolidated revenues for the fiscal years ending March 31, 2023 and 2024, respectively, the statement added. Reporting by Shivani Tanna in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

☆ Fitch raises China's growth forecast to 5% for 2023
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +2 min

Feb 8 (Reuters) - Rating agency Fitch has revised its forecast for China's economic growth in 2023 to 5.0% from 4.1% previously as consumption and broader activity are recovering faster than initially anticipated after the end of the "zero-COVID" regime. Despite the forecast upgrade, the rating agency expected the economic rebound this year to be less vigorous than that in 2021, when the economy posted GDP growth of 8.4%. Fitch was the first major rating agency to upgrade China's 2023 economic growth forecast. S&P Global expected the economy to remain on track for 4.8% GDP growth in 2023, in line with its November baseline while Moody's has retained its November forecast of 4.0% expansion. In addition, net trade may become a drag on economic growth in 2023, Fitch added, with export demand being depressed by economic slowdowns in the United States and the Europe.

☆ Apollo assessing possible CS First Boston investment -source
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +2 min

Feb 7 (Reuters) - Apollo Global Management Inc (APO.N) is among a group of financial firms considering investing in Credit Suisse's (CSGN.S) revamped investment bank CS First Boston, a source with knowledge of the matter told Reuters. U.S. asset manager and private equity firm Apollo has been contacted by the Swiss bank about investing in CS First Boston (CSFB) but has yet to make a decision, the source added. It will now focus on managing money for the wealthy and create CSFB to run its investment banking activities. Apollo has already committed to buying the bulk of Credit Suisse's securitized products group, which will be outside CSFB. Credit Suisse, which reports fourth-quarter earnings on Feb. 9, said in November that it expects to complete the transaction by mid-2023.

☆ Apollo Global in talks to buy stake in Credit Suisse unit -WSJ
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: 1 min

Feb 7 (Reuters) - Apollo Global Management Inc (APO.N) is among a group of financial firms in talks to buy a stake in Credit Suisse Group's (CSGN.S) revamped investment bank, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The talks with Apollo are continuing and could still fall apart, the report said, without mentioning the size of the potential stake or the potential deal value. Both Apollo Global and Credit Suisse declined to comment on the report. The entity advises on mergers and acquisitions, raises capital for clients through equity and debt markets, and provides leveraged finance as part of its core offerings. Reporting by Shivani Tanna in Bengaluru; Editing by Sohini Goswami and Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ Trudeau to offer 10-yr Canada healthcare funding of more than C$100 bln - The Globe and Mail
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +1 min

Feb 6 (Reuters) - Canada's Prime Minister Justin Trudeau will present a funding offer of over C$100 billion ($74.5 billion) for the country's healthcare system in talks with provincial and territorial leaders on Tuesday, The Globe and Mail reported on Monday. A large sum of the new money will be set aside for separate bilateral deals that will target key areas such as primary care, the report added. Quebec's government is hoping to be able to negotiate more new federal money, the newspaper reported. Last month, Trudeau had invited the premiers of all provinces to meet in Ottawa on Feb. 7 to discuss a plan to provide health care funding for provinces, as hospitals remain strained by long wait times made worse by the COVID-19 pandemic. ($1 = 1.3428 Canadian dollars)Reporting by Chandni Shah and Shivani Tanna in Bengaluru; Editing by Kenneth MaxwellOur Standards: The Thomson Reuters Trust Principles.

Search resuls for: "Shivani"

25 mentions found