Finance

Shares of U.S. Cellular popped more than 12% Tuesday after T-Mobile announced that it plans to acquire most of the company, including the wireless operator’s stores, some of its spectrum assets and its customers in a deal worth $4.4 billion. The deal includes cash and […]

LONDON, May 31 (Reuters) – The British government has sold 1.24 billion pounds ($1.58 billion) worth of shares in NatWest Group (NWG.L), opens new tab back to the lender, it said on Friday, decreasing its stake to around 22.5% from nearly 26% […]

May 29 (Reuters) – Visa (V.N), opens new tab and Mastercard (MA.N), opens new tab have agreed to pay $197 million to resolve a class action by millions of consumers accusing the financial payment companies of keeping cash access fees artificially high. The plaintiffs’ […]

TOKYO, May 30 (Reuters) – Japanese policymakers are turning their attention to more structural economic factors behind persistent yen declines, convinced that market intervention is limited in its ability to reverse the currency’s broader slide. Data due out on Friday […]

The recent rally in Asian dollar bonds has room to run further as yield-seeking investors scramble to get exposure to this asset class with interest rate cuts looming on the horizon, fund managers said. The yield premium on Asian dollar […]

A global malware network responsible for the theft of $5.9 billion in Covid relief funds and tied to other crimes like child exploitation and bomb threats has been shut down, Department of Justice officials announced Wednesday. The DOJ arrested 35-year-old YunHe Wang, a Chinese […]

A look at the day ahead in U.S. and global markets from Mike Dolan This week’s bout of bond market anxiety eased a touch on Thursday, but investors wary of heavy sovereign debt sales and election uncertainty are bracing for a jumpy […]

May 29 (Reuters) – National Bank of Canada (NA.TO), opens new tab reported a rise in second-quarter net profit on Wednesday, helped by strong performance in its wealth management and financial markets units. Easing fears of a recession have encouraged investors to […]

May 29 (Reuters) – Shares of American Airlines (AAL.O), opens new tab slumped on Wednesday after the carrier cut its profit forecast for the current quarter, citing weakening pricing power despite expectations for record travel demand in the summer season. American Airlines […]

Starwood Capital Group, one of the largest real estate investors worldwide, is part of a consortium of shareholders proposing to take Asian warehouse developer ESR Group private, according to a filing to the Hong Kong stock exchange. The consortium comprising Starwood and […]