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Exclusive-Cassava Sciences faces U.S. criminal probe tied to Alzheimer’s drug, sources say
By Marisa Taylor and Mike Spector WASHINGTON (Reuters) - The U.S. Justice Department has opened a criminal investigation into Cassava Sciences Inc involving whether the biotech company manipulated res...
Syndicated Content Jul 27, 2022
Betting on a recession, U.S. distressed debt funds seek fresh capital
By Carolina Mandl and Davide Barbuscia NEW YORK (Reuters) - Several U.S. distressed debt asset managers are in fundraising talks with investors to boost their firepower, anticipating that a recession ...
Syndicated Content Jul 27, 2022
Analysis: ECB faces Italian debt test as politics intervenes
By Francesco Canepa and Giselda Vagnoni FRANKFURT/ROME (Reuters) - The European Central Bank seems almost certain to face a test of its resolve to rein in excessive bond yields in coming weeks as the ...
Syndicated Content Jul 27, 2022
Thai economy to improve further in H2 on consumption, tourism – central bank
BANGKOK (Reuters) - Thailand's economy improved in June and the momentum should continue into the second half thanks to increased tourism and domestic consumption as pandemic curbs ease, a central ban...
Syndicated Content Jul 27, 2022
Bangladesh’s garments exporters brace for slowdown after Walmart warning
By Ruma Paul and Krishna N. Das DHAKA (Reuters) - After recovering swiftly from the havoc caused by the COVID-19 pandemic, Bangladeshi garment manufacturers are now anticipating a slowdown as sales at...
Syndicated Content Jul 27, 2022
U.S. Treasury to allow COVID funds for state, local affordable housing loans
WASHINGTON (Reuters) - The U.S. Treasury said on Wednesday that it will allow state, local and tribal governments more flexibility to use COVID-19 rescue funds to boost the supply of affordable housin...
Syndicated Content Jul 27, 2022
U.S. House speaker Pelosi looks to visit Japan in August – Kyodo
(Reuters) - U.S. House Speaker Nancy Pelosi plans to visit Japan in August, Kyodo reported on Wednesday, citing sources. (Reporting by Akriti Sharma in Bengaluru)
Syndicated Content Jul 27, 2022
Exclusive-UBS plans to expand China footprint with new mutual fund unit – sources
By Selena Li and Samuel Shen HONG KONG/SHANGHAI (Reuters) - UBS Group AG plans to set up a wholly owned mutual fund business in China, two people with direct knowledge of the matter told Reuters, as t...
Syndicated Content Jul 27, 2022
Hong Kong set for billions in inflows from China companies’ listing upgrades
By Scott Murdoch and Kane Wu HONG KONG (Reuters) - Hong Kong is set to see billions of dollars flowing in from the mainland with more Chinese companies expected to upgrade their listings in the city t...
Syndicated Content Jul 27, 2022
Euro zone business lending unexpectedly surges in June
FRANKFURT (Reuters) - Lending to euro zone companies accelerated in June, confounding fears that banks are tightening access to credit as uncertainty about inflation and the fallout of the war in Ukra...
Syndicated Content Jul 27, 2022
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