Author: IA PressRoom

© Reuters. FILE PHOTO: The logo of Swiss bank UBS is seen at its headquarters in Zurich, Switzerland October 25, 2022. REUTERS/Arnd Wiegmann/File Photo (Reuters) -UBS Group AG is looking to retain more than 100 Credit Suisse Group AG investment bankers across Asia, as the Swiss banking giant plans to shore up talent in markets where its rival has a stronger presence, Bloomberg News reported on Sunday. The bank is in advanced discussions to keep dozens of Credit Suisse’s senior dealmakers in countries including South Korea, Thailand, Vietnam, and India following a planned takeover, the report said, citing people familiar…

© Reuters Investing.com– Gold prices fell slightly on Monday amid uncertainty over whether the Federal Reserve will hold interest rates steady later this month, while concerns over weakening economic growth pulled copper prices down. The yellow metal fell on Friday after U.S. data read much stronger than expected for May, which posited a hawkish outlook for the Fed as it moves to bring down high inflation. But some Fed officials also suggested last week that the central bank may hold rates steady in June, as it gauges the impact of its monetary tightening measures on the economy over the past…

CNN  —  House Freedom Caucus member Rep. Ken Buck criticized the bipartisan debt ceiling deal reached between House Republicans and the White House as a “Democratic bill,” and said his hard-line, conservative group had “failed” in its efforts to influence legislation more to its liking. The caucus “still retains a lot of influence in the House,” the Colorado Republican told CNN’s Dana Bash on “State of the Union” on Sunday. “The key is that we use that influence in a way that brings conservative results. And I think that that’s what we tried to do with this case, and we…

Mario Tama/Getty Images News Mediterranean-themed restaurant chain Cava Group (CAVA) is set to launch a roadshow for its initial public offering as early as Tuesday. Cava (CAVA) plans to sell shares for $17 to $19, which at the high end would value the fast casual eatery at $2.2 billion, according to a WSJ report that cited people familiar with the matter. If the roadshow is successful, CAVA is expected to start trading on the NYSE the following week. Cava (CAVA) filed for an IPO last month. Based in Washington, DC, CAVA had 263 restaurants in 22 states and DC as…

The couple behind Crumbs Bake Shop said they don’t regret selling it even though it eventually failed. Crumbs got so big, it was acquired by a holdings company for $66 million and went public in June 2011. The couple bought the Crumbs brand back again seven years after it went bankrupt. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app When Jason and Mia Bauer sold their iconic Crumbs Bake Shop in 2011, they thought they were leaving it in good hands.But two years later,…

© Reuters. FILE PHOTO: A man walks past an electric monitor displaying Nikkei share average and the Japanese yen exchange rate against the U.S. dollar outside a brokerage in Tokyo, Japan May 2, 2023. REUTERS/Issei Kato By Stella Qiu SYDNEY (Reuters) – Asian shares extended a global rally on Monday on optimism the Federal Reserve would pause its rate hikes this month after a mixed U.S. jobs report, while oil jumped as Saudi Arabia pledged big output cuts in July. jumped $1.82, or 2.4%, to $77.95 a barrel, while climbed $1.77, or 2.4%, to $73.51. Oil prices have recently come…

© Reuters. FILE PHOTO: Britain’s Prince Harry, Duke of Sussex, leaves the High Court in London, Britain March 28, 2023. REUTERS/Hannah McKay By Sam Tobin LONDON (Reuters) – Prince Harry is expected to appear at London’s High Court on Monday as he prepares to give evidence in his lawsuit against the publisher of British tabloid the Daily Mirror. Harry, King Charles’ younger son, will this week become the first senior British royal to give evidence in court for 130 years, which is likely to take place on Monday or Tuesday. He is one of more than 100 other high-profile figures…

Oil futures opened sharply higher Sunday evening, after Saudi Arabia agreed to deliver an additional 1 million–barrel daily production cut next month as the Organization of the Petroleum Exporting Countries and its allies moved to extend existing production targets.Price action West Texas Intermediate crude for July delivery CL00, +1.91% CL.1, +1.91% CLN23, +1.91% remained up $1.49, or 2.1%, at $73.23 a barrel on the New York Mercantile Exchange, after trading as high as $75.06. August Brent crude BRN00, +1.89% BRNQ23, +1.89%, the global benchmark, gained $1.59, or 2.1%, to trade at $77.72 a barrel on ICE Futures Europe, after touching…

The military jet caused a sonic boom while pursuing the small plane, which later crashed. It was not immediately clear why the plane was nonresponsive, why it crashed, or who was on board. The plane was registered to Encore Motors of Melbourne Inc. The company’s president had no comment. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Officials said that a wayward and unresponsive business plane that flew over the nation’s capital Sunday afternoon caused the military to scramble a fighter jet before the…

The head of India’s biggest private mortgage provider has forecast that India’s youth bulge will propel demand for housing for years, as rising incomes in the world’s most populous country have made homes more affordable.“What gives me confidence that the growth will remain strong for a number of years is the fact that India has a young population,” said Keki Mistry, chief executive of Housing Development Finance Corporation (HDFC), in an interview with the Financial Times at the company’s Mumbai headquarters. Well over half of India’s population is aged under 30, while the average first-time homebuyer is aged 37-38, said…