Page 2 - Update 2 News Today

Shares of Seven & i Holdings surged to a two-year high on Thursday after Reuters reported activist investor ValueAct Capital took a stake in the Japanese owner of the 7-Eleven chain, signalling a potential shake-up at the retail giant.

By Reuters Staff (Corrects typographical error in first paragraph) May 13 (Reuters) - Insurer Genworth Financial Inc said on Thursday it had deferred the initial public offering of its mortgage insurance unit, Enact Holdings, citing significant trading volatility in the sector. “Genworth’s Board of Directors determined that current market pricing for the planned offering does not accurately reflect Enact’s value,” Genworth Chief Executive Officer Tom McInerney, said. McInerney said Genw...

Commonwealth Bank of Australia's third-quarter cash profit almost doubled as a rapid economic recovery spurred lending and enabled the country's largest bank to reverse bad debt provisions made during the COVID-19 pandemic.

* Austria to sell 50-year bond, following Italy * Spain to sell 15-year bond * Bond yields rise as investors digest the issuance April 13 (Reuters) - Austria moved on Tuesday to lock in current low borrowing costs with a 50-year bond, hot on the heels of a half-century issue from Italy, while Spain launched 15-year paper. Both deals were placed via bank syndicates, with Austria set to raise 1.75 billion euros and Spain six billion euros, according to lead manager memos seen by Reuters. The Aust...

* Monde Nissin to offer up to 3.6 bln shares * IPO set to be country’s largest ever * Philippines companies set for large IPOs this year MANILA, March 4 (Reuters) - The Philippines’ Monde Nissin Corp, maker of the ubiquitous Lucky Me! instant noodles, is looking to raise up to 63 billion pesos ($1.3 billion) through an initial public offering (IPO) that is set to be the country’s largest-ever listing. The company’s filing on Thursday comes as the Philippines, a historical laggard in Sou...

Timothy Gardner (Adds no comment from companies in paragraph 9) WASHINGTON, Feb 24 (Reuters) - Baker Hughes Co and AXA Group and 16 other companies recently quit work on Russia’s Nord Stream 2 natural gas pipeline and will not be sanctioned, according to a document the Biden administration sent to Congress last week which was seen by Reuters. Russian energy company Gazprom and its western partners are racing to build the pipeline to take Russian gas to Germany under the Baltic Sea, and hope t...

* G4S recommends vote for Allied’s final offer * Allied offer open for acceptance until March 16 * Says acceptance level lowered to 75% from 90% Feb 23 (Reuters) - British private security group G4S on Tuesday urged shareholders to accept Allied Universal’s 3.8 billion pound ($5.4 billion) final offer after the end of the U.S. bidder’s drawn-out takeover battle with Canada’s GardaWorld. Hostile bidder GardaWorld had called a halt to the contest on Monday by telling the UK’s Takeover P...

* Ends 2020 with $21.6 million in net cash position * Co maintains 2021 production targets * Stock biggest gainer on the FTSE 250 index * Full year core earnings drops 21% Feb 18 (Reuters) - Hochschild Mining on Thursday said a boost from higher metal prices helped it to a net cash position for the first time in eight years, driving its shares up nearly 6% though full-year core earnings dropped on pandemic-driven disruptions. The precious metals miner said its average realised prices for gold r...

3 Min Read (Corrects size in Jan. 26 story to $5 billion, not $5.5 billion, and clarifies tranche sizes in paragraph 3) DUBAI, Jan 26 (Reuters) - Saudi Arabia launched $5 billion in a dual-tranche bond sale on Tuesday with tenors of 12 and 40 years, a document showed, as it seeks to plug a large fiscal deficit. The world’s top oil exporter has taken a severe blow from the pandemic, which, along with an oil price war between Saudi Arabia and Russia last year, sent oil prices tumbling. The king...

Freezing weather that interrupted gas supplies in the southern United States and Mexico was wreaking havoc on Thursday with car manufacturing plants on both sides of the border, with Ford saying several of its assembly plants have been shut.