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Norway wealth fund excludes Power Construction Corp of China
OSLO (Reuters) - Norway's $1.4 trillion sovereign wealth fund has excluded Power Construction Corp of China from its portfolio and placed London-listed Petrofac under observation. The Norwegian wealth...
Syndicated Content Jul 07, 2023
India’s Vedanta to take over Foxconn chip JV from holding co
BENGALURU (Reuters) - India's metals-to-oil conglomerate Vedanta Ltd said on Friday that it would take over from its holding company the ownership of a joint venture with Taiwan's Foxconn that was set...
Syndicated Content Jul 07, 2023
DWS’ former CEO Woehrmann under investigation in greenwashing probe – source
By Tom Sims and Friederike Heine FRANKFURT (Reuters) -German prosecutors are investigating asset manager DWS's former chief executive Asoka Woehrmann over allegations of investment fraud through so-ca...
Syndicated Content Jul 07, 2023
Black unemployment rate spikes for second month in a row
By Safiyah Riddle (Reuters) - The U.S. Black unemployment rate jumped for a second consecutive month, hitting a 10-month high in what in the past has signaled a broader weakening in the job market and...
Syndicated Content Jul 07, 2023
U.S. equity funds draw inflows for second week amid inflation relief
(Reuters) - U.S. equity funds witnessed net purchases for a second straight week during the seven days to July 5, as signs of cooling inflation soothed investor worries about more interest rate hikes ...
Syndicated Content Jul 07, 2023
Analysis-Bonds back in a tailspin as ‘higher for longer’ narrative hits
By Yoruk Bahceli and Dhara Ranasinghe (Reuters) - Government bond markets from Europe to the United States and Australia are in a tailspin as the prospect of higher interest rates sparks a rout in lon...
Syndicated Content Jul 07, 2023
Mercedes-Benz picks Tesla’s charging standard for N.America EVs from 2025
(Reuters) -German automaker Mercedes-Benz said on Friday its electric vehicles in North America will adopt the Tesla-developed charging technology from 2025 and also get access to more than 12,000 of ...
Syndicated Content Jul 07, 2023
Shell warns of big drop in gas trading results
(Reuters) -Shell, the world's biggest liquefied natural gas (LNG) trader, said on Friday second-quarter gas trading results were expected to come in "significantly lower" quarter-on-quarter, though in...
Syndicated Content Jul 07, 2023
Instant View: June US jobs growth cooled, but wages won’t comfort Fed
NEW YORK (Reuters) - U.S. job growth slowed more than expected in June after surging in the prior month, but labor market conditions remain tight, with the unemployment rate retreating from a seven-mo...
Syndicated Content Jul 07, 2023
Global investors extend buying streak into equity funds on signs of easing inflation
(Reuters) - Global investors extended their streak as net buyers of equity funds into a second week, drawing support from indications of cooling inflation that may moderate central banks' inclination ...
Syndicated Content Jul 07, 2023
Peoria, IL, USA
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