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US equity funds draw first weekly inflow in 10 weeks
(Reuters) - U.S. equity funds received their first weekly inflow in ten weeks in the week to May 31 on optimism that lawmakers would agree to raise the nation's debt limit to avert a default. Accordin...
Syndicated Content Jun 05, 2023
Morgan Stanley sees slump in US earnings in 2023, sharp rebound next year
(Reuters) - Morgan Stanley warns of a 16% drop in profit for S&P 500 companies this year, followed by a sharp rebound in 2024 when analysts say the Federal Reserve's policy will become more accommodat...
Syndicated Content Jun 05, 2023
Stellantis in talks for parts and material recycling JV with Galloo
MILAN (Reuters) - Carmaker Stellantis and Belgian metals recycler Galloo have entered exclusive talks to create a joint venture focused on parts and material recycling from end-of-life vehicles, the t...
Syndicated Content Jun 05, 2023
Qatar records budget surplus of $5.4 billion in Q1 – state news agency
DUBAI (Reuters) - Qatar recorded a budget surplus of 19.7 billion Qatari riyals ($5.40 billion) in the first quarter of 2023, its state news agency said on Monday, citing the finance ministry. Total r...
Syndicated Content Jun 05, 2023
Global equity funds suffer seventh straight week of outflows
(Reuters) - Global equity funds saw a seventh straight week of outflows in the seven days to May 31 on global economic slowdown concerns after weaker readings from China and major European countries. ...
Syndicated Content Jun 05, 2023
Hedge funds drop European stocks for US and Japan, analysts say
By Nell Mackenzie LONDON (Reuters) - Hedge funds ditched European equities last week for stocks in the United States and Japan, client notes from JP Morgan, Morgan Stanley and Goldman Sachs show, as s...
Syndicated Content Jun 05, 2023
Surf Air Mobility reveals revenue jump in listing paperwork
(Corrects paragraph 1 to say unit's revenue rose nearly 72%, not company's revenue rose nearly 40%; corrects paragraph 2 to say unit Surf Air generated $20.27 mln in revenue, not the company) (Reuters...
Syndicated Content Jun 05, 2023
France to provide 2.9 billion euros in aid for new STMicro/GlobalFoundries factory
By Dominique Vidalon and Sudip Kar-Gupta PARIS (Reuters) - France said on Monday it will provide 2.9 billion euros ($3.10 billion) in state aid to help support an investment of 7.5 billion euros that ...
Syndicated Content Jun 05, 2023
Richard Teng seen as potential successor to Binance’s Changpeng Zhao -reports
(Reuters) - Richard Teng, Binance's head of regional markets outside the United States, is seen as the most likely candidate to succeed the cryptocurrency firm's chief executive officer, Changpeng "CZ...
Syndicated Content Jun 05, 2023
KKR to buy machinery maker Circor in $1.6 billion deal
(Reuters) - Private equity firm KKR & Co Inc said on Monday it will buy industrial machinery maker Circor International in a $1.6 billion deal. KKR said it will pay $49 a share, sending the shares of ...
Syndicated Content Jun 05, 2023
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