(Reuters) -Citigroup will wind up its operations in Haiti due to weak demand from institutional clients and lower international banking activity, ending its presence of more than five decades in the country….
Author: Financial Edge Daily
Boeing in talks with US defense department on impact of guilty plea, source says
By David Shepardson WASHINGTON (Reuters) -Boeing is in talks with the U.S. Defense Department over how the planemaker’s planned guilty plea could affect its extensive government contracts, a person briefed on the…
Eli Lilly to buy bowel disease drug developer Morphic for $3.2 billion
(Reuters) -Eli Lilly will acquire Morphic Holding for $3.2 billion, the companies said on Monday, giving the U.S. drugmaker access to an experimental drug for inflammatory bowel disease. Shares of drug developer…
Exclusive-Satellite photos show Iran expanding missile production, sources say
By Jonathan Landay and Parisa Hafezi WASHINGTON/DUBAI (Reuters) – Recent satellite imagery shows major expansions at two key Iranian ballistic missile facilities that two American researchers assessed are for boosting missile production,…
Peru gets 300 million euros credit from German bank KfW for digital transformation
(Reuters) – Peru’s government said on Saturday that it would receive a credit of up to 300 million euros ($325.08 million) from the German bank KfW Development Bank to spend on a…
Revolut CEO to sell part of stake in $500 million share sale, Sky News reports
(Reuters) -British fintech company Revolut’s CEO Nikolay Storonsky will cash in part of his multibillion dollar stake in the company as part of a $500 million share sale, Sky News reported on…
Carlyle in talks to buy Baxter’s kidney care unit, source says
(Reuters) – Private equity firm Carlyle Group is in exclusive talks to acquire Baxter International’s kidney care spinoff Vantive for more than $4 billion, including debt, a person familiar with the matter…
Biden calls debate ‘bad episode’ in ABC News interview
WASHINGTON (Reuters) -U.S. President Joe Biden again called his debate against Republican opponent Donald Trump “a bad episode,” suggesting in an interview with ABC News on Friday that his shaky performance was…
Meme stock speculation propels Koss shares 25% higher on Friday
By Suzanne McGee (Reuters) – Shares of headphone maker Koss Corp. soared for the second session in a row on Friday, closing at $13.35 a share, after trading as high as $18.50…
Trump seeks to disavow ‘Project 2025’ despite ties to conservative group
By Nathan Layne (Reuters) – Former President Donald Trump tried to distance himself on Friday from a conservative group’s sweeping plans for the next Republican presidency, days after its leader claimed a…