Category Archives:
Chinese EV maker Xpeng’s shares jump after pricing SUV below Tesla Model Y, lifts peers
(Reuters) - Electric-car maker Xpeng Inc priced its latest G6 sport utility vehicle about 20% lower than Tesla's Model Y in China, sending its U.S.-listed shares up 7.6% in premarket trading on Friday...
Jun 30, 2023
Constellation Brands results top estimates on strong Modelo Especial sales
(Reuters) - Constellation Brands first-quarter results topped Wall Street expectations on Friday, as the Corona beer maker benefited from higher pricing and steady demand for its alcoholic beverages. ...
Jun 30, 2023
Sticky inflation complicating ECB rate path – Makhlouf
DUBLIN (Reuters) - Euro zone inflation is proving "stickier", meaning the decision on when to stop raising interest rates is not straightforward, European Central Bank governing council member Gabriel...
Jun 30, 2023
Exclusive: Prosecutors probe false accounting charges in Eurovita case – source
By Emilio Parodi MILAN (Reuters) - Prosecutors in Milan are probing allegations of false accounting in relation to the crisis of Italian life insurer Eurovita, a person with knowledge of the matter sa...
Jun 30, 2023
Cautious optimism drives inflows to U.S. equity funds amid positive growth outlook
(Reuters) - U.S. equity funds attracted inflows during the week ending June 28, buoyed by positive growth expectations as robust economic indicators eased concerns about higher borrowing costs. Invest...
Jun 30, 2023
Corporate agitators slow down in Q2 but ready to pounce in H2 – Barclays data
By Svea Herbst-Bayliss NEW YORK (Reuters) - Following the busiest quarter on record, activist investors slowed down in the second three months of 2023 but are expected to mount more high-profile campa...
Jun 30, 2023
Bausch + Lomb to buy Novartis dry-eye drug for $1.75 billion – WSJ
(Reuters) -Bausch + Lomb Corp will purchase a dry-eye drug from Swiss pharma company Novartis for $1.75 billion, the Wall Street Journal reported on Friday, as the contact lens maker seeks to capitali...
Jun 30, 2023
China raises relending, rediscounting quotas for farm sector, small firms by $27.5 billion
BEIJING (Reuters) - China's central bank said on Friday it will increase its relending and rediscount quotas by 200 billion yuan ($27.53 billion) to support the farm sector and small firms, amid falte...
Jun 30, 2023
As the Libor era ends, market participants hope for ‘crickets’
By John McCrank and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - The last rates based on the tarnished London Interbank Offer Rate, or Libor, were published on Friday, marking a mostly quiet end of a...
Jun 30, 2023
Global equity funds draw inflows on economic growth hopes
(Reuters) - Global investors turned net buyers of equity funds in the week to June 28 as solid economic readings fuelled hopes of U.S. growth, while China's policy measures to bolster its economy furt...
Jun 30, 2023
Peoria, IL, USA
46 °F Partly Cloudy
