Amcor's refi packs a punch

* Loans: Aussie packaging maker launches US$4.5bn loan ahead of US merger By Prakash Chakravarti, Chien Mi Wong and Sophia Rodrigues HONG KONG/SYDNEY, March 22 (IFR) – Australian packaging company Amcor has launched a US$4.5bn refinancing to back its proposed merger with US-based Bemis, adding to a surge in event-driven financings in the country since the beginning of the year. […]

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PRESS DIGEST- British Business – March 22

March 22 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times Retirement benefits for the bosses of Britain’s biggest banks are emerging as a hot topic among investors as lenders prepare to put their pay schemes to shareholders at […]

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Trump Today: President talks economy with business leaders and signs order on campus free speech

President Donald Trump discussed the economy with corporate leaders on Thursday, as he signed an executive order on education and tweeted that it’s time for the U.S. to recognize Israeli sovereignty over the Golan Heights. BUSINESS ROUNDTABLE MEETING In a meeting closed to the media, Trump discussed economic and business issues at the Washington headquarters of the Business Roundtable, an […]

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Fed maneuvers balance sheet so it can help cushion any economic slowdown

The Federal Reserve’s decisions on the balance sheet amount to preparing the ammunition it has to fight any economic downturn, economists said. “People always worry about the ammunition the Fed has to combat a downturn, well, the Fed is putting themselves into position to get the most out of the ammunition they have,” said Stephen Gallagher, chief U.S. economist at […]

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Philly Fed manufacturing index rebounds in March

The numbers: The Philadelphia Fed business activity index rebounded in March to a seasonally adjusted reading of 13.7 from – 4.1 in the prior month. The gain reverses most of the steep 21.1-point plunge in February. Any reading above zero indicates improving conditions. Economists polled by MarketWatch expected a 3 reading in March. What happened: The survey’s component on new […]

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