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29 Jan

CVC co-founder Koltes to step down as firm gears up for bumper listing

LONDON (Reuters) -CVC Capital Partners co-Chairman Steve Koltes will step down this year as Europe's biggest buyout firm prepares for a stock market listing that a source familiar with the matter told Reuters could value it at more than 20 billion euros ($22 billion).

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29 Jan

Myanmar economy to remain 'severely tested' by coup fallout - World Bank

Myanmar's economy will remain critically weak for much of 2022 and will be "severely tested" by the impacts of a coup a year ago, but there are recent signs of stabilisation in manufacturing and exports, according to the World Bank.

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28 Jan

Hewlett-Packard wins fraud case against UK tech tycoon Mike Lynch

LONDON (Reuters) -A British judge said on Friday that Mike Lynch masterminded an elaborate fraud to inflate the value of his company Autonomy before it was bought by Hewlett-Packard for $11 billion in 2011.

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28 Jan

Fed's matchmaker fear: Flatlining economy meets higher interest rates

The Federal Reserve plans to raise interest rates in March on the assumption the U.S. economy will largely steer clear of fallout from the Omicron variant of the coronavirus and keep growing at a healthy clip.

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28 Jan

Robinhood shares slump to lowest level since IPO

Shares of Robinhood Markets Inc fell more than 14% and were set to open Friday's session at their lowest level since the stock's IPO in July after the commission-free brokerage posted a quarterly loss on Thursday evening.

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28 Jan

Factbox-What did the judge find in Hewlett-Packard versus Lynch?

Hewlett-Packard won the majority of its civil case against British tech tycoon Mike Lynch over its acquisition of Autonomy in 2011, though damages will be considerably less than the $5 billion claimed.

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28 Jan

Prada appoints ESG experts Culpepper and Rugarli to board

The shareholders' meeting of Prada appointed on Friday environmental, social and governance (ESG) experts Pamela Culpepper and Anna Maria Rugarli as independent non-executive directors to its board, the Italian fashion group said.

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