By Tommy Wilkes LONDON (Reuters) – BlackRock’s liability-driven investment business is urging some smaller UK pension fund clients to stop splitting assets across multiple managers, as it tries to cut the complexity and risks of a strategy that imploded last year. Asset managers worry new rules to make LDI investing more robust could render the…
SEOUL (Reuters) -Criteria to qualify for new U.S. semiconductor subsidies could be “burdensome” for companies such as Samsung Electronics Co Ltd and SK Hynix Inc, South Korea’s trade minister said on Thursday. Conditions include sharing excess profit with the U.S. government, and three industry sources said the application process itself could expose confidential corporate strategy….
By Jeslyn Lerh SINGAPORE (Reuters) – Oil was nearly steady on Thursday as a surprise drop in U.S. crude stockpiles offset a smaller-than-expected cut to Russian supplies, while investors closely watched developments on Iraqi Kurdistan oil exports. Brent crude futures fell 5 cents, or 0.1%, to $78.23 a barrel at 0630 GMT, while West Texas…
(Reuters) – Tesla Inc said on Wednesday a $7,500 tax credit in place since January will be reduced for its Model 3 ear-wheel drive by March 31, subject to guidance due this week from the U.S. Treasury Department on the sources of battery components. The Treasury Department is due to issue guidance on sourcing of…
A look at the day ahead in European and global markets from Ankur Banerjee With sentiment still fragile in the aftermath of the banking crisis, a risk-on rally proved short-lived, leaving the MSCI ex-Japan index swinging between gains and losses on Thursday. The dollar firmed up, continuing its rebound, while gold eased. But as we…
By Chris Taylor NEW YORK (Reuters) – Patti Black remembers it like it was yesterday: The conversation no adult child ever wants to have. The financial planner from Birmingham, Alabama, was worried that her elderly father Mack was becoming a danger behind the wheel, thanks to his growing memory problems. So when she and her…
BOAO, China (Reuters) – China’s economic performance has improved in March from the first two months and the country will expand domestic demand and consolidate its economic recovery, Premier Li Qiang said on Thursday at an economic forum in Boao. No matter how the world situation is evolving, China will remain committed to reforms and…
SYDNEY (Reuters) – Qantas Airways Ltd and Airbus SE will jointly invest A$2 million ($1.34 million) in a biofuel refinery being set up in Australia’s Queensland state that would convert agricultural by-products into sustainable aviation fuel (SAF). The funds will be used for a detailed feasibility study and early-stage development of the proposed facility jointly…
By Yantoultra Ngui, Phuong Nguyen and Anshuman Daga SINGAPORE/HANOI (Reuters) -Vietnam’s largest conglomerate, Vingroup, is in discussions to sell a stake in its shopping mall arm as it seeks to bring in strategic investors, five sources told Reuters on Wednesday. Vincom Retail, Vietnam’s biggest shopping mall operator, which is nearly 60% controlled by Vingroup, commands…
By Marcela Ayres, Lisandra Paraguassu and Bernardo Caram BRASILIA (Reuters) -Brazil’s new fiscal framework targets a zero primary deficit in 2024, followed by surpluses in subsequent years, as President Luiz Inacio Lula da Silva seeks a sustainable trajectory for the country’s public debt, government sources told Reuters on Wednesday. The primary surplus will be equivalent…
