Category Archives:
Emerging market equity fund inflows outpace developed market rivals
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) - Emerging market equity funds are outpacing developed market rivals in attracting inflows for the first time in three years, underscoring a rela...
Jul 14, 2023
Analysis-As deficit soars, Egypt expands money supply, fuelling inflation
By Patrick Werr CAIRO (Reuters) - Egypt risks fuelling its record inflation and putting more pressure on the Egyptian pound if it does not slow an expansion of the money supply which bankers and analy...
Jul 14, 2023
Lilly to buy Versanis for up to $1.93 billion to boost obesity drug portfolio
(Reuters) -Eli Lilly and Co said on Friday it will acquire privately held drug developer Versanis for up to $1.93 billion, in a bid to boost its portfolio of obesity drugs. Under the terms of the agre...
Jul 14, 2023
Citigroup profit drops 36% as trading slump casts cloud over earnings
(Reuters) -Citigroup's profit tumbled 36% in the second quarter as weakness in the Wall Street bank's trading business blunted gains from its personal banking and wealth management unit. Wall Street t...
Jul 14, 2023
Brazilian union sues JBS over alleged exploitation of chicken workers
By Ana Mano SAO PAULO (Reuters) - A Brazilian labor union has accused JBS SA of submitting dozens of workers to "degrading conditions," according to a class action suit filed against the world's bigge...
Jul 14, 2023
Tesla’s Shanghai factory workers welcome bonus increase after record deliveries
SHANGHAI (Reuters) - Several workers at Tesla's Shanghai plant, its biggest manufacturing hub globally by output, said they had been awarded a large increase in their latest quarterly performance bonu...
Jul 14, 2023
Biden administration forgives $39 billion in student debt- CNBC
(Reuters) - U.S. President Joe Biden's administration will automatically cancel $39 billion in student debt for more than 800,000 borrowers, CNBC reported on Friday. "For far too long, borrowers fell ...
Jul 14, 2023
Firefighter injured in Peoria fire overnight. Here’s what we know
PEORIA, Ill. - It appears arson is to blame for a fire on S. Western in Peoria Thursday night. Crews were called just before midnight to a home in between W. Lincoln Avenue and W. Ann Street, after a ...
Jul 14, 2023
JPMorgan profit rises on higher interest income as First Republic lifts earnings
(Reuters) -JPMorgan Chase posted a 67% jump in profit for the second quarter on Friday as it earned more from borrowers' interest payments and benefited from the purchase of First Republic Bank. Share...
Jul 14, 2023
Wells Fargo profit rises on higher interest income from customers
(Reuters) - Wells Fargo's profit rose in the second quarter as it earned more in interest payments from customers. Net income rose to $4.94 billion, or $1.25 per share, for the three months ended June...
Jul 14, 2023
Peoria, IL, USA
43 °F Thunderstorm In Vicinity, Light Rain, Mist
