Fashion brand owner, The Collected Group LLC, has secured court approval of its prepackaged reorganization plan that will put lenders in control of the company. Collected, represented by Paul, Weiss, Rifkind, Wharton & Garrison, expects it to go into effect this week after U.S. Bankruptcy Judge Laurie Selber Silverstein in Wilmington, Delaware signed off on…
(Reuters) – U.S. stocks closed slightly lower on Tuesday, and each of Wall Street’s main indexes failed to stray far from the unchanged mark following a rally in the prior session as investors continue to try and assess the route of inflation.FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen…
* U.S. 2-year note auction attracts strong demand * U.S. yield curve flattens as inflation worries ease * U.S. reverse repo volume surges to 3rd highest since launch (Adds bullets, details, updates prices) By Gertrude Chavez-Dreyfuss and Karen Pierog NEW YORK…
Britain is disappointed that there was not more recognition from European Commission President Ursula von der Leyen on how the Northern Ireland protocol is affecting the British province, a spokesman for Prime Minister Boris Johnson said on Tuesday.Earlier, von der Leyen said the European Union’s tensions with Britain were not due to problems with the…
At the entrance to Bab Tadmor, a neighbourhood of Homs that was once a rebel stronghold, an election billboard showing a smiling Syrian President Bashar al-Assad hangs down the side of a bombed out building.
Israel’s Paz Oil (PZOL.TA) swung to a first-quarter profit, saying on Tuesday there was higher demand for fuel as the country emerged from a coronavirus lockdown.Paz, Israel’s largest distributor of refined oil products, said it earned an adjusted 30 million shekels ($9.3 million)in the quarter, versus a loss of 97 million a year prior. Revenue…
Asian shares climbed in morning trade on Tuesday, tracking a Wall Street rally overnight, while the dollar held near a fourth-month low as investors tempered fears about inflation-driven rate hikes.
Japanese shares rose on Tuesday, as a strong finish on the Nasdaq overnight boosted heavyweight local technology stocks, although gains were capped by continued worries of a sluggish economic recovery because of slow vaccine rollouts in the country.
The U.S. Justice Department on Monday said in a court filing it would appeal a court decision faulting former U.S. Attorney General William Barr’s handling of the 2019 special counsel report on then-President Donald Trump, a move congressional Democrats had opposed.U.S. District Judge Amy Berman Jackson had given the Justice Department until May 24 to…
U.S. stocks climbed on Monday, with both the S&P 500 and Nasdaq rallying more than 1% as a pullback in U.S. Treasury yields helped lift expensive stocks in sectors such as technology as investors attempt to gauge the path of inflation.