• Reuters

    IMF urges Bank of Japan to tread cautiously in raising interest rates

    The Bank of Japan (BOJ) must tread cautiously in raising interest rates, as some indicators of inflation expectations remain short of its 2% target, the International Monetary Fund's Japan mission chief Nada Choueiri said on Friday. Choueiri told Reuters that a weak yen had a net-positive impact on Japan's economic growth, and signaled the IMF's preference for the country to allow exchange rates to move flexibly.

  • Reuters

    Butler Hall Capital urges Vanda to engage in sales discussions

    Hedge fund manager Butler Hall Capital said on Friday it is urging Vanda Pharmaceuticals to form an independent special committee to engage with Future Pak over its takeover offer and run a full sales process. On April 17, Vanda rejected a takeover proposal from Future Pak and adopted a shareholder rights plan to reduce the likelihood of a hostile takeover. Vanda had said Future Pak, a privately held contract manufacturer and packager of pharmaceutical products, had made an offer of $7.25 to $7.75 per share in cash, which significantly undervalued the company and was not in the shareholders' best interest.

  • Sky News

    Who was Clara Bow? The original 'it girl' who inspired Taylor Swift's new song

    Taylor Swift's latest album has been out for less than a day - but fans and critics alike are already deep into decoding the meaning of her somewhat cryptic lyrics. The pop icon's mammoth project, The Tortured Poets Department, ended up being a secret double album, with the first part ending on a track simply titled Clara Bow. American actress Clara Bow was one of the most successful film stars of the silent era and became the original "it girl" after starring in the 1927 hit film, It.