06:58 AM EDT, 07/05/2024 (MT Newswires) -- Lanesborough Real Estate Investment Trust (LRT-UN.V) overnight Thursday provided an update on future operations and reported the resignation of independent trustees. The update follows the failure of the holders of the REIT's trust units to approve a special resolution at a meeting of unitholders on June 27 green lighting the sale of all...

07:02 AM EDT, 07/05/2024 (MT Newswires) -- The European Commission said on Friday that it has imposed provisional countervailing duties on Chinese imports of battery electric vehicles. The commission concluded after an investigation that the battery electric vehicle value chain in China benefits from unfair subsidization, causing a threat of economic injury to EU producers. The European Union will impose...

06:55 AM EDT, 07/05/2024 (MT Newswires) -- KKR (KKR) agreed to buy Varsity Brands from buyout firm Bain Capital for about $4.75 billion, including debt, Reuters reported Wednesday, citing people familiar with the matter. KKR will own Varsity Brands, a US-based maker of jerseys and school yearbooks, through its Americas private equity fund, the report said. It will also offer...

06:53 AM EDT, 07/05/2024 (MT Newswires) -- Those hoping for a post-Bank of Canada (BoC) rebound in Canadian housing are still disappointed, with June sales results from the major cities proving to be another letdown, said Bank of Montreal (BMO). Sales in Toronto were down 16% y/y, Vancouver was down 19% y/y and even Calgary was down 13% y/y, noted...