Analysis: Swiss policy pivot signals exit for big stock and bond investor
From Silicon Valley shares to U.S. and European government bonds, securities that are already under heavy pressure stand to lose a major buyer as Switzerland ends its long-standing policy of recycling euros and dollars into foreign markets.
Barclays strikes $2.8 bln deal to buy mortgage lender Kensington
Barclays (BARC.L) has struck a deal worth around 2.3 billion pounds ($2.8 billion) to buy specialist lender Kensington Mortgage Company, extending its reach in Britain’s housing market.
Analysis: Up-ended global LNG markets deepen Australia’s power woes
Top liquefied natural gas exporter Australia is in the depths of a power crunch just as traditional buyers are scrambling to meet shortfalls of Russian gas and winter takes hold Down Under.
Exclusive: Phillips 66 made renewable fuels without proper permits – regulators
California regulators allege that U.S. refiner Phillips 66 (PSX.N) improperly began processing renewable diesel in a unit at its Rodeo, California refinery, the company confirmed to Reuters.
Accenture tempers 2022 profit view due to stronger dollar
IT services company Accenture Plc forecast fourth-quarter revenue below expectations and tempered its fiscal 2022 profit forecast on Thursday, threatened by rising inflation and the impact of a stronger dollar on its overseas earnings.
Exclusive: Bidders weigh offers valuing Toshiba at up to $22 billion – sources
Bidders for Toshiba Corp (6502.T) are considering offering up to 7,000 yen ($51.41) per share to take the troubled Japanese conglomerate private, three people familiar with the situation told Reuters, valuing the deal at about $22 billion.
EXCLUSIVE Nike to fully exit Russia, will scale down over coming months
U.S. sportswear maker Nike (NKE.N) is making a full exit from Russia, three months after suspending its operations there, the company said in an emailed statement Thursday.
Analysis: Wall Street’s hiring frenzy eases as worries grow over economy, market slump
With mounting uncertainty around the U.S. economic outlook and the resulting slump in financial markets, Wall Street is easing up on hiring after a recruiting frenzy last year.
Analysis: High energy prices could sink U.S. stocks during earnings season
Sky-high oil prices pose yet another obstacle to U.S. corporate earnings, and some on Wall Street are worried this could sink stock prices even deeper into the red.
EXCLUSIVE Franchise Group in talks to keep Kohl’s management team after a sale-sources
Franchise Group (FRG.O), the preferred bidder to acquire Kohl’s (KSS.N), is in discussions to keep the retailer’s top management team, including CEO Michelle Gass, if the planned sale is finalized, three sources familiar with the matter said.
