Deal comes amid pressure from Chinese shareholder Analysts hail ‘sensitive’ transaction Bank could return deal proceeds to shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC (HSBA.L) has agreed to sell its business in Canada to Royal Bank of Canada (RY.TO) for C$13.5 billion ($10 billion) in cash, paving the way for a potential bumper payout … Read more
Lavrov dismisses Associated Press report AP: Lavrov was treated for heart condition Bali governor: Lavrov had checks in hospital, in good health NUSA DUA, Indonesia, Nov 14 (Reuters) – Russian Foreign Minister Sergei Lavrov on Monday dismissed a news agency report that he had been taken to hospital with a heart condition, scolding Western journalists … Read more
Nov 5 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) on Saturday posted a $2.69 billion third-quarter loss as rising inflation, falling stock investments and a big loss from Hurricane Ian offset improvement in many of the conglomerate’s businesses. Operating profit nevertheless rose by 20%, topping analyst forecasts. Berkshire benefited from increased demand and prices … Read more
July 27 (Reuters) – Spirit Airlines Inc. (SAVE.N) canceled its $2.7 billion sale to Frontier Group Holdings Inc (ULCC.O) on Wednesday after Spirit shareholders balked at supporting it, leaving JetBlue Airways Corp (JBLU.O) with an opening to clinch a deal. The development, first reported by Reuters on Wednesday, came after Spirit pushed back a shareholder … Read more