WASHINGTON (AP) — Inflation is at a 40-year high. Stock prices are sinking. The Federal Reserve is making borrowing much costlier. And the economy actually shrank in the first three months of this year. Is the United States at risk of enduring another recession, just two years after emerging from the last one? For now,…
LONDON (Reuters) – BlackRock trimmed its exposure to Chinese stocks and government bonds, and Asian fixed income more widely, to neutral from a slight overweight, citing a worsening macroeconomic outlook as well as geopolitics. “China’s ties to Russia also have created a new geopolitical concern that requires more compensation for holding Chinese assets, we think,”…
By Heekyong Yang and Ben Klayman SEOUL/DETROIT (Reuters) -Hyundai Motor Co plans to build a new electric-vehicle manufacturing plant in the United States and has held discussions with officials in Georgia, near existing plants for the Hyundai and Kia brands, people with knowledge of its plans told Reuters. Hyundai Motor confirmed an imminent plan for…
By Chibuike Oguh (Reuters) -Private equity firm Carlyle Group Inc told Reuters on Monday it has agreed to acquire U.S. specialty insurance provider NSM Insurance Group from White Mountains Insurance Group Ltd for $1.78 billion in cash. Carlyle said the deal is expected to close in the second half of this year. The transaction is…
By Alun John and Elizabeth Howcroft HONG KONG / LONDON (Reuters) – Bitcoin fell to its lowest level since July 2021 on Monday as slumping equity markets continued to hurt cryptocurrencies, which are currently trading in line with so-called riskier assets like tech stocks. Bitcoin dropped to as low as $32,763.16 shortly before 1100 GMT,…
By David Milliken and William Schomberg LONDON (Reuters) -Bank of England policymaker Michael Saunders, who called in vain for a big interest rate hike last week, said inflation risked exceeding BoE forecasts that already go above 10%, and urged the BoE to “lean heavily” against it. With price growth already more than three times the…
DUBLIN (Reuters) – The head of the world’s largest aircraft leasing company threw his weight behind Boeing on Monday and said the jetmaker would overcome a spate of industrial and certification problems. “I think Boeing will bounce back,” AerCap Chief Executive Aengus Kelly told the Airline Economics conference. “There are a few scenes in this…
NEW YORK (AP) — When Dana Donofree had a bilateral mastectomy and implant reconstruction after her breast cancer diagnosis in 2010, the then 28-year-old fashion designer discovered only medical and uncomfortable bras catering to women with the disease. Such frustrations led Donofree to launch her lingerie company called AnaOno in 2014, aimed primarily for women…
By Nick Carey and Gilles Guillaume LONDON (Reuters) -Renault’s top executive said on Monday that the carmaker will decide in the coming weeks on the future of its operations in Russia, where it suspended operations in late March following the invasion of Ukraine. “Negotiations are still ongoing,” Chief Executive Luca de Meo said at the…
(Reuters) – Wall Street’s major indexes opened lower on Monday as rising U.S. Treasury yields amid prospects of aggressive monetary policy tightening weighed on growth stocks, with the sentiment taking a hit from fears of an economic slowdown in China. The Dow Jones Industrial Average fell 214.2 points, or 0.65%, at the open to 32685.17. The S&P 500 fell 42.1 points, or 1.02%, at the…
