Morrisons leaps after rejecting $7.6 bln private equity bid
Morrisons (MRW.L) shares surged as much as 35% on Monday on hopes that U.S. private equity firm Clayton, Dubilier & Rice (CD&R) might raise its proposed offer for the British supermarket group or flush out other bidders.
Soaring costs challenge Canadian retailers counting on post-COVID surge
Canadian retailers are readying for a post-pandemic rebound as consumers emerge from lockdowns and open their wallets, but higher costs are eroding their profit margins and fanning inflationary pressures.
Analysis: Fed’s “big tent” framework may fray under inflation surge
The U.S. Federal Reserve’s carefully crafted move last year to a jobs-first monetary policy, touted as giving workers their best chance after the pandemic, is being tested by a potentially table-turning rebound of inflation and what’s become a relative rush of policymakers determined not to let it get out of hand.
Maersk VC co-leads funding round in Egyptian start-up Trella
Egyptian startup Trella, a digital platform connecting truckers with freight loads, has raised $42 million in equity and debt, including from the venture capital arm of shipping giant Maersk, its chief executive said.
Wall St rebounds after Fed-induced pullback
Wall Street’s main indexes were set to open higher on Monday as financials and energy stocks rebounded after hawkish comments from the Federal Reserve last week led the blue-chip Dow and the benchmark S&P 500 to their biggest weekly fall in months.
Analysis: Fed’s “big tent” framework may fray under inflation surge
The U.S. Federal Reserve’s carefully crafted move last year to a jobs-first monetary policy, touted as giving workers their best chance after the pandemic, is being tested by a potentially table-turning rebound of inflation and what’s become a relative rush of policymakers determined not to let it get out of hand.
Axiata, Telenor seal $15 bln deal to form Malaysia’s biggest mobile operator
Malaysian telecoms firm Axiata Group Bhd (AXIA.KL) and Norway’s Telenor ASA (TEL.OL) will merge their mobile operations in Malaysia in a $15 billion deal, forming a new market leader in the competitive Southeast Asian nation.
China urges banks, Alipay to crack down harder on cryptocurrencies
China’s central bank said on Monday it had recently summoned some banks and payment firms, including China Construction Bank (601939.SS) and Alipay, urging them to crack down harder on cryptocurrency trading.
Asian stocks drop as Fed shift reverberates; Treasury yields slide
Asian stocks dropped on Monday as investors mulled the implications of a surprise hawkish shift last week by the U.S. Federal Reserve, while the Treasury yield curve flattened further with 30-year yields dropping below 2%.
UK financial sector urges caution over any ‘work from home’ law
How people divide their working hours between home and office should develop naturally over time and not be forced into law, senior financial services industry officials said on Monday.
