HONG KONG/NEW YORK (Reuters) – Texas-based private equity firm Lone Star Funds has laid off most of its investment team in Asia outside Japan in a major retreat from the region, three people familiar with the situation told Reuters. The firm let go of around 25 investment professionals in its mainland China, Hong Kong, India, Singapore and Thailand offices on […]
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SHANGHAI (Reuters) – Asian shares and U.S. Treasury yields rose on Wednesday, clawing back some of the week’s losses as investors reassessed economic worries, but the dollar was firm on concerns over the impact of a fast-spreading coronavirus variant.People look at a stock quotation board outside a brokerage in Tokyo May 15, 2013. REUTERS/Toru Hanai/FilesRising COVID-19 infections have rocked global […]
Read more(Reuters) -Energy-focused private equity firm Kimmeridge Energy Management Co LLC on Tuesday released a white paper that criticized high executive compensations by U.S. oil producers in a year that marked one of the industry’s worst downturns. The COVID-19 pandemic and a price war between oil giants Saudi Arabia and Russia last year pushed crude prices to historic lows, worsening a […]
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Slideshow ( 2 images )(Reuters) – Verizon Communications will make Google’s Messages the default messaging app on all Android devices it sells starting next year, the U.S. wireless carrier said on Tuesday. With that move, Verizon would join peers AT&T Inc and T-Mobile US Inc in propping up competition to Apple Inc’s iMessage service. Alphabet Inc-owned Google’s Messages comes with […]
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(Reuters) -The Delta variant of the coronavirus is the cause of more than 80% of new U.S. COVID-19 cases, but the authorized vaccines remain more than 90% effective in preventing hospitalizations and deaths, said top U.S. infectious disease expert Anthony Fauci during U.S. Senate hearing on Tuesday.Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, speaks […]
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New York (CNN Business)Stocks are rallying Tuesday, rebounding from a miserable trading session at the start of the week when the Dow (INDU) logged its worst day since October. After rising moderately at the New York opening bell, stocks picked up the pace. The Dow climbed 1.8%, or 600 points. However, that doesn’t pare all of the 726-point loss the […]
Read more* World shares on longest losing streak since COVID-19 outbreak * European stocks claw back from worst day of 2021 * U.S. Treasury yields touch fresh Feb lows * FX reflation trades falter * U.S. dollar close to early-April high * Global asset performance tmsnrt.rs/2yaDPgn LONDON, July 20 (Reuters) – Global shares staunched a sell-off on Tuesday, but U.S. Treasury […]
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VAN HORN, Texas (Reuters) -Jeff Bezos, the world’s richest person, is set on Tuesday to blast off aboard his company Blue Origin’s New Shepard launch vehicle for a suborbital flight as part of a history-making crew.FILE PHOTO: A general view of the Blue Origin New Shepard rocket booster at the 33rd Space Symposium in Colorado Springs, Colorado, United States April […]
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SYDNEY (Reuters) -More than half of Australia’s 25 million people were under lockdown on Tuesday after a third state adopted movement curbs to rein in the highly contagious Delta variant of coronavirus.FILE PHOTO: A lone woman, wearing a protective face mask, walks across an unusually quiet city centre bridge on the first day of a lockdown as the state of […]
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