Business

Exclusive-Ivory Coast to cut farmer cocoa price with earlier start of mid-crop, sources say

Thursday, February 26 by SRN News

By Ange Aboa ABIDJAN, Feb 26 (Reuters) - Ivory Coast plans to bring forward the start of its cocoa mid-crop season for the first time ever, allowing the regulator to sharply reduce its set price paid to farmers in hopes of boosting sales, two government... Read More.

ECB sells some dollar assets, cuts weight of dollar in reserves

Thursday, February 26 by SRN News

FRANKFURT, Feb 26 (Reuters) - The European Central Bank sold some of its dollar assets early last year and reduced the weight of the dollar in its foreign exchange reserves in what it said was a standard rebalancing of its portfolio. The bank played down... Read More.

Mexico’s Cemex to buy US stucco maker Omega in US building materials push

Thursday, February 26 by SRN News

MEXICO CITY, Feb 26 (Reuters) - Mexico's Cemex will buy U.S. stucco manufacturer Omega Products International, the cement maker said on Thursday, as part of its push toward offering additional building materials in one of its largest markets. Omega, a privately held firm with four... Read More.

US software stocks to keep rebounding, says Goldman Sachs prime brokerage note

Thursday, February 26 by SRN News

By Nell Mackenzie LONDON, Feb 26 (Reuters) - Goldman Sachs prime brokerage said in a note that the recent bounce in software and IT services stocks may continue, even though this week, hedge funds were as short as they have ever been on the sector.... Read More.

Norway’s wealth fund using AI to screen for ESG risks

Thursday, February 26 by SRN News

OSLO, Feb 26 (Reuters) - Norway's $2.2 trillion sovereign wealth fund, the world's largest, is using AI to screen companies for risks such as potential links to forced labour and corruption, and help avoid financial losses as a result, it said on Thursday. One of... Read More.

IMF says it is releasing $2.3 billion to Egypt after reforms help to stabilize the economy

Thursday, February 26 by SRN News

CAIRO (AP) - The International Monetary Fund says it allowing Egypt to draw on about $2.3 billion from an earlier approved loan, noting that the country has made progress in restoring economic stability and reducing inflation as part of a reform program. The IMF said... Read More.

Carlyle Group aims to raise more than $200 billion by 2028

Thursday, February 26 by SRN News

By Isla Binnie and Prakhar Srivastava Feb 26 (Reuters) - Investment firm Carlyle expects to raise at least $200 billion between now and the end of 2028, a faster pace than the previous three years, and boost its earnings from managing that money, the company... Read More.

J.M. Smucker enters into agreement with Elliott, appoints two independent directors

Thursday, February 26 by SRN News

Feb 26 (Reuters) - J.M. Smucker said on Thursday it had appointed Woo-Sung Chung and David Singer to its board, after reaching a "constructive engagement" with investor Elliott Investment Management. The company said it had entered into an information-sharing agreement with Elliott to help drive... Read More.

NextEra Energy to sell $2 billion of equity units to fund energy projects

Thursday, February 26 by SRN News

Feb 26 (Reuters) - Utility NextEra Energy said on Thursday it will conduct a public offering of $2 billion in equity units to fund investments in energy and power projects. U.S. utilities have been investing billions of dollars to upgrade the country's electric grid as... Read More.

Man Group shares fall as profits decline, assets hit record

Thursday, February 26 by SRN News

By Nell Mackenzie LONDON, Feb 26 (Reuters) - Man Group shares fell on Thursday after the London- listed hedge fund posted a rise in assets under management by over a third to a new record, but profits fell against a backdrop of market volaility... Read More.

Current Weather

Exclusive-Ivory Coast to cut farmer cocoa price with earlier start of mid-crop, sources say

ECB sells some dollar assets, cuts weight of dollar in reserves

Mexico’s Cemex to buy US stucco maker Omega in US building materials push

US software stocks to keep rebounding, says Goldman Sachs prime brokerage note

Norway’s wealth fund using AI to screen for ESG risks

IMF says it is releasing $2.3 billion to Egypt after reforms help to stabilize the economy

J.M. Smucker enters into agreement with Elliott, appoints two independent directors

NextEra Energy to sell $2 billion of equity units to fund energy projects

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