FILE PHOTO: Shipping containers are seen at Keelung port,

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FILE PHOTO: Shipping containers are seen at Keelung port, northern Taiwan, March 20, 2016. REUTERS/Tyrone Siu/File Photo

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UK insurer Hastings agrees to higher than expected $2.2 billion cash offer

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HELSINKI (Reuters) – British motor insurer Hastings (HSTG.L) agreed to a 1.66 billion pounds ($2.2 billion) takeover by Finland’s Sampo (SAMPO.HE) and South Africa’s Rand Merchant Investment (RMI) (RMIJ.J), the companies said on Wednesday. The cash offer gives 250 pence a share to Hastings’ investors plus an interim dividend of 4.5p a share, delivering a […]
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Brazil's Bolsonaro flexes military muscle outside presidential palace, draws criticism

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BRASILIA (AFP) – Brazilian President Jair Bolsonaro drew criticism on Tuesday (Aug 10) for presiding over a military parade outside the presidential palace, a show of strength as he fends off sinking popularity and a raft of investigations. Smiling with military top brass at his side, the far-right leader stood atop the palace steps as […]
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Euro zone economy set for deepest recession on record: Reuters poll

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By Richa Rebello and Shrutee Sarkar BENGALURU (Reuters) – The euro zone economy is already in its deepest recession on record, according to a Reuters poll of economists, who have stuck to a bleak outlook and worry the downturn might be even worse as coronavirus lockdowns across the bloc take their toll. That comes despite […]