Category Archives:
Nippon Steel confident of completing US Steel acquisition
By Yuka Obayashi TOKYO (Reuters) - Japan's top steelmaker Nippon Steel is confident of successfully completing its planned acquisition of U.S. Steel, despite opposition from labour union and certain U...
Thomson Reuters Jan 05, 2024
Investors flee to US money market funds on caution as rate cut optimism cools
(Reuters) - U.S. investors reduced holdings in equity funds, shifting to money market funds amid caution before key payroll reports, as a stock market rally eased and they awaited further evidence to ...
Thomson Reuters Jan 05, 2024
EU's Vestager to meet Big Tech CEOs in the US next week
By Foo Yun Chee BRUSSELS (Reuters) - EU antitrust chief Margrethe Vestager will meet the chief executives of Apple, Alphabet, Broadcom and Nvidia in the United States next week, her communications adv...
Thomson Reuters Jan 05, 2024
Canadian dollar forecasts raised by analysts banking on Fed rate cuts: Reuters poll
By Fergal Smith TORONTO (Reuters) - The Canadian dollar is expected to trade at stronger levels than previously thought over the coming months and year if the U.S. Federal Reserve pivots to cutting in...
Thomson Reuters Jan 05, 2024
Chinese court accepts wealth manager Zhongzhi's bankruptcy application
BEIJING (Reuters) - A court in China's capital Beijing on Friday accepted Zhongzhi Enterprise Group's application for bankruptcy liquidation, as the wealth manager grapples with a deepening property m...
Thomson Reuters Jan 05, 2024
Britain hit by flooding after heavy rain swells major rivers
LONDON (Reuters) - Major rivers across Britain were flooded on Friday after heavy rain, with the government issuing more than 300 flood warnings, travel operators announcing serious disruption and aro...
Thomson Reuters Jan 05, 2024
BlackRock appoints Hua Fan as head of China, succeeding Tony Tang -sources
By Selena Li HONG KONG (Reuters) - BlackRock Inc has appointed Hua Fan, formerly general manager of its majority-owned China asset management unit, as head of China, two sources with knowledge of the ...
Thomson Reuters Jan 05, 2024
Global money market funds see big demand as rate cut euphoria fades
(Reuters) - Investors moved hefty amounts into global money market funds in the seven days leading to Jan. 3 as caution set in ahead of key U.S. employment reports which may influence expectations of ...
Thomson Reuters Jan 05, 2024
Turkish banks trim deposit rates as margins pressured -sources
By Ebru Tuncay ISTANBUL (Reuters) - Some Turkish banks have begun to cut their lira deposit rates to ease pressure on margins, banking sources said, after rising interest rates during the central bank...
Thomson Reuters Jan 05, 2024
Volvo Cars posts record annual sales but shares still dip
HELSINKI (Reuters) -Volvo Cars sold a record number of vehicles in 2023, it said on Friday, boosted by electric car demand and stabilising supply chains, but its growth rate eased towards the end of t...
Thomson Reuters Jan 05, 2024
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