Brazil’s ex-President Bolsonaro to undergo health treatments in Sao Paulo

BRASILIA (Reuters) – Brazil’s former far-right President Jair Bolsonaro is traveling to Sao Paulo on Monday for treatment of an intestinal obstruction and a bout of erysipelas, a bacterial skin infection, his lawyer Fabio Wajngarten said on social media. The former president, who was admitted to a hospital in the…

Democrat Hakeem Jeffries steps up as House Republicans roast Johnson

By Richard Cowan WASHINGTON (Reuters) – As the Democratic minority leader in a Republican-controlled House of Representatives, Hakeem Jeffries’ influence is normally limited. This week, he may be the most powerful person in Congress. That is because the chamber’s embattled speaker, Republican Mike Johnson, is expected to need the support…

Trump accuses Biden of running ‘Gestapo administration’

By Doina Chiacu WASHINGTON (Reuters) -Republican presidential candidate Donald Trump accused Democratic rival President Joe Biden of running a “Gestapo administration” in a private address to donors in which he also attacked prosecutors involved in his criminal indictments, according to a recording heard by U.S. media outlets. Trump, whose own…

Oil steadies as ceasefire eludes Hamas, Israel

By Erwin Seba HOUSTON (Reuters) -Oil futures ended largely unchanged on Monday as a ceasefire agreement between Hamas and Israel continued to elude negotiators. Both crude oil benchmarks settled 37 cents, or 0.5%, higher with Brent crude futures at $83.33 a barrel and U.S. West Texas Intermediate crude futures (WTI)…

US financial markets watchdog to collect data on bilateral repo

By Davide Barbuscia NEW YORK (Reuters) – The Office of Financial Research (OFR), a U.S. Treasury Department-based research powerhouse, said on Monday it has adopted a final rule that will allow it to collect data on certain transactions in the repurchase agreement (repo) market. Most hedge fund activity in repo…

Shah Capital urges Novavax shareholders to vote against three directors

By Bhanvi Satija (Reuters) -Hedge fund Shah Capital on Monday urged Novavax shareholders to vote against the re-election of three directors and opposed proposals related to executive compensation, weeks after pushing for a board shakeup at the COVID-19 vaccine maker. Shah Capital, the biotech’s third-largest shareholder with a near 7.5%…

Spanish bank Sabadell rejects $12.9 billion BBVA merger proposal

By Jesús Aguado MADRID (Reuters) -Sabadell’s board rejected a merger proposal by larger rival BBVA for a 12 billion euro ($12.93 billion) all-share merger, the Spanish lender said on Monday. The country’s fourth-largest lender by market value said its board believed BBVA’s proposal significantly undervalues the potential of Banco Sabadell…

US financial regulators restart work on long-delayed compensation rules

By Pete Schroeder WASHINGTON (Reuters) – A trio of U.S. financial regulators have resumed work on a long-delayed rule-writing project to make executive compensation plans at financial firms more sensitive to risk. The Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency and Federal Housing Finance Agency jointly…

US utility Allete goes private in $6.2 billion deal

By Seher Dareen and David French (Reuters) -U.S. utility Allete said on Monday that it had agreed a deal with investment firms Global Infrastructure Partners and CPP Investments to be taken private at a $6.2 billion valuation, inclusive of debt. The transaction is a rare example of a U.S. utility…