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Unilever sells Ben & Jerry’s Israeli business to defuse BDS row

Reuters
JERUSALEM, June 29 (Reuters) – Unilever (ULVR.L) on Wednesday sold its Ben & Jerry’s ice cream business in Israel to its local licensee for an undisclosed sum, aiming to smooth over a potentially damaging diplomatic row over the company’s political stance. The deal comes after the U.S. ice cream brand......

U.S. SEC rejects Grayscale’s spot bitcoin ETF

Reuters
A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/File Photo Register now for FREE unlimited access to Reuters.com Register June 29 (Reuters) – The U.S. securities regulator on Wednesday rejected a proposal to list a spot......

Digital World board members get subpoena over Trump’s social media deal

Reuters
June 27 (Reuters) – Blank-check firm Digital World Acquisition Corp (DWAC.O) said on Monday each of its board directors had received subpoenas from federal prosecutors over the company’s merger plans with former U.S President Donald Trump’s social media firm. The federal probe is the latest setback to Trump’s efforts to......

‘Top Gun: Maverick’ Soars Past $1 Billion, Overtakes ‘Doctor Strange 2’ as the Highest-Grossing Movie of the Year Globally

Reuters
LOS ANGELES, June 26 (Variety.com) – Paramount’s all-American blockbuster “Top Gun: Maverick” is still flying high at the box office, crossing the coveted $1 billion over the weekend. With those ticket sales, the movie has overtaken Disney’s Marvel adventure “Doctor Strange in the Multiverse of Madness” ($943 million) as the......

China proposes rules to regulate private pension investment via mutual funds

Reuters
A Chinese national flag flutters near the building of China Securities Regulatory Commission (CSRC) at the Financial Street area in Beijing, China July 16, 2020. REUTERS/Tingshu Wang/Files Register now for FREE unlimited access to Reuters.com Register SHANGHAI, June 25 (Reuters) – China’s securities regulator proposed rules to regulate private pension......

European stocks bounce off lowest in more than a year after Powell remarks

Reuters
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 21, 2022. REUTERS/Staff Register now for FREE unlimited access to Reuters.com Register Wall Street turns positive, helping sentiment Oil majors slide as crude dives Defensives gain, capping losses ArcelorMittal, other steel makers fall......

Blockchain payment company Roxe to go public via $3.6 bln SPAC deal

Reuters
June 21 (Reuters) – Blank check company Goldenstone Acquisition Ltd (GDST.O) said late on Tuesday that it has entered into a deal with blockchain-based payments company Roxe Holding Inc to take it public for a combined enterprise value of about $3.6 billion. The deal bucks an unfavorable market environment with......

Global equity fund outflows rise on fears of inflationary risks

Reuters
FILE PHOTO – Traders work, as Federal Reserve Chair Jerome Powell is seen delivering remarks on a screen on the floor ofon the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 15, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register......

The Saudi investment king who no longer rules alone

Reuters
Saudi wealth fund bought nearly 17% of Prince Alwaleed’s firm Sovereign fund likely to an active investor – sources PIF may benefit from Alwaleed’s investing style – analysts DUBAI, June 15 (Reuters) – The prince who’s the international face of Saudi business may no longer be able to call all......

BlackRock extends AGM vote choice to more equity index clients

Reuters
A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File Photo Register now for FREE unlimited access to Reuters.com Register Follows launch of ‘Voting Choice’ programme in October 47% of equity index assets now covered by programme Looking at ways to expand......

Toyota shares fall over 2% after criticism from green activist investors

Reuters
The Toyota logo is seen at its booth during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com Register TOKYO, June 13 (Reuters) – Shares of Toyota Motor Corp (7203.T) opened down more than......

Norway oil firms, workers agree wage deal in principle, avert strike for now

Reuters
The West Hercules drilling rig leaves Skipavika, Norway April 1, 2018. REUTERS/Gwladys Fouche/File Photo Register now for FREE unlimited access to Reuters.com Register OSLO, June 12 (Reuters) – Norwegian oil firms and employees have agreed in principle a new wage deal, avoiding for now a strike at nine fields that......

Norway negotiators work overtime to avert oil strike

Reuters
A general view of Equinor’s Johan Sverdrup oilfield platforms in the North Sea, Norway, December 3, 2019. REUTERS/Ints Kalnins/File Photo Register now for FREE unlimited access to Reuters.com Register OSLO, June 12 (Reuters) – Norwegian oil workers and their employers have extended wage negotiations past a midnight deadline in a......

U.S. bars investors from buying Russian debt, stocks on secondary market

Reuters
WASHINGTON/LONDON, June 7 (Reuters) – The U.S. Treasury Department has banned U.S. money managers from buying any Russian debt or stocks in secondary markets on top of its existing ban on new-issue purchases, in its latest sanctions on Moscow over its invasion of Ukraine. Despite Washington’s sweeping sanctions in recent......

Cryptoverse: The early birds betting bitcoin’s bottoming out

Reuters
A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/File Photo Register now for FREE unlimited access to Reuters.com Register June 7 (Reuters) – As the crypto winter creeps into June, the first signs of a thaw......

Franchise Group enters exclusive talks over Kohl’s sale

Reuters
The Kohl’s label is seen on a shopping basket in a Kohl’s department store in the Brooklyn borough of New York, U.S., January 25, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register June 6 (Reuters) – Kohl’s Corp (KSS.N) has entered exclusive negotiations with retail store......

‘Top Gun’ heirs sue Paramount over ‘Top Gun: Maverick’

Reuters
June 6 (Reuters) – The family of the author whose article inspired the 1986 Tom Cruise movie “Top Gun” on Monday sued Paramount Pictures for copyright infringement over this year’s blockbuster sequel “Top Gun: Maverick.” According to a complaint filed in Los Angeles federal court, the Paramount Global (PARA.O) unit......

Citadel, AQR’s flagship portfolios far outpacing broader stock market

Reuters
A Wall Street sign outside the New York Stock Exchange in New York City, New York, U.S., October 2, 2020. REUTERS/Carlo Allegri Register now for FREE unlimited access to Reuters.com Register NEW YORK, June 6 (Reuters) – Hedge funds AQR and Citadel posted rises in their flagship portfolios last month......

Russian oil’s Achilles’ heel: insurance

Reuters
LONDON/NEW DELHI/TOKYO, May 25 (Reuters) – Russia has so far deflected much of the impact of sanctions on its oil trade but the insurance industry threatens to throw a spanner in the works unless Moscow and its customers can plug a gap left by Western underwriters. Insurers from Europe and......

BlackRock moves to sidelines on developed market equities

Reuters
NEW YORK, May 23 (Reuters) – BlackRock Investment Institute cut its ratings of developed market (DM) equities to “neutral” from “overweight” on Monday, citing the U.S. Federal Reserve’s potentially overzealous efforts to curb inflation and signs of economic slowdown in China. Regarding the Fed’s ramped-up rhetoric “vowing to bring inflation......

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