ECB firms up expectations for July interest rate hike

LJUBLJANA (Reuters) -The European Central Bank has firmed up expectations that it will raise its benchmark interest rate in July for the first time in more than a decade to fight record-high inflation, with some policymakers even hinting on Wednesday at further hikes after the first.

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11-05-2022

Kohl's investors expected to reject all 10 of activist Macellum's director nominees - sources

Kohl's Corp investors are expected to reject all 10 of activist Macellum Advisors' director nominees in one of the year's most hotly contested proxy battles, sources familiar with the vote count said on Wednesday.

newspaper

11-05-2022

DigitalBridge to buy data center owner Switch for $8.38 billion

(Reuters) -DigitalBridge Group Inc is taking data center operator Switch Inc private for $8.38 billion in cash, the latest deal in a sector benefiting from the digital shift spurred by the pandemic.

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11-05-2022

TUI aims to become profitable in 2022 as travel demand recovers

FRANKFURT (Reuters) -Holiday group TUI expects to become profitable again in 2022 as countries lift COVID-19 restrictions and people book package tours, eager to pay more for higher hotel grades or extra services on their long-awaited vacations.

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11-05-2022

Special Report-How Wall Street banks made a killing on SPAC craze

Investment banks have raked in billions of dollars by feeding the frenzy for blank-check companies, and they have done so largely without risking any of their own money on hundreds of deals that have left many investors with punishing losses.

newspaper

11-05-2022

Switch to be taken private by DigitalBridge for $8.38 billion

(Reuters) -Data center operator Switch Inc said on Wednesday it would be taken private by digital infrastructure firm DigitalBridge Group Inc for $8.38 billion in cash.

newspaper

11-05-2022

Switch to be taken private by DigitalBridge in $11 billion deal

Data center operator Switch Inc said on Wednesday it would be taken private by DigitalBridge Group Inc in an all-cash deal valued at about $11 billion.

newspaper

11-05-2022

Russian gas flows to Europe via Ukraine fall after Kyiv shuts one route

Russian gas flows to Europe via Ukraine fell by a quarter on Wednesday after Kyiv halted use of a major transit route blaming interference by occupying Russian forces, the first time exports via Ukraine have been disrupted since the invasion.

newspaper

11-05-2022

Nearly 5 million jobs lost in Ukraine as war pummels economy - ILO

Around 4.8 million jobs have been lost in Ukraine since the start of the Russian invasion in February, as the conflict shut down businesses, strangled exports and drove millions to flee, the International Labour Organisation (ILO) said on Wednesday.

newspaper

11-05-2022