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Paramount Global's stock slumped 8% on Thursday after CNBC's David Faber reported the company would need to raise as much as $3 billion in new equity if it were to merge with David Ellison's Skydance Media, according to sources familiar with the deal.
Citi says a record-breaking rally for cocoa and coffee prices could yet have further room to run, citing adverse weather conditions and demand expectations.
HANOI (Reuters) -- Vietnam's trade ministry said on Thursday that automaker Chery had signed a joint venture agreement with a local company to set up an $800 million plant, becoming the first Chinese electric vehicle maker to set up a facility in Vietnam.
But opposition lawmakers say the party’s probe has failed to fully bring to light the facts surrounding the slush funds and are set to demand further scrutiny, while the punishment may also draw a backlash from LDP members who feel it is unfair, political pundits said.
TOKYO (AP) — Asian shares mostly rose Thursday after a firm finish on Wall Street, as expectations remained solid for U.S. interest rate cuts this year.
TOKYO -- Japanese trading house Itochu aims to increase shareholder payouts this fiscal year and spend up to 1 trillion yen ($6.6 billion) on acquisitions and other investments, the company said Wednesday.
The G7 price cap on Russian oil shipments is cutting the revenue that Moscow has available to support its invasion of Ukraine, and the mechanism's effectiveness is helped by the recent actions of Indian refiners, U.S. officials will say in New Delhi on Thursday, according to prepared remarks.
Billionaire hedge fund manager Steve Cohen said Wednesday that it will be difficult for the Federal Reserve to get inflation back down to its 2% goal.