Franklin Templeton to buy Putnam Investments from Great-West Lifeco for $925 million
By Mehnaz Yasmin (Reuters) -Franklin Resources Inc, a global investment management firm that operates as Franklin Templeton, plans to acquire…
May 31, 2023
Food-loving French tighten belts as supermarket prices soar
By Leigh Thomas PARIS (Reuters) – France prides itself on taking its food seriously, but many consumers are now tightening…
Former SEC Chair Harvey Pitt Dead At 78 – Bloomberg Law
(Reuters) -Harvey Pitt, former chairman of the U.S. Securities and Exchange Commission, has died at the age of 78, Bloomberg…
Qatar prime minister, Taliban chief hold secret Afghan talks -source
By Jonathan Landay WASHINGTON (Reuters) -The Qatari prime minister held secret talks with the supreme leader of the Taliban this…
Intel shares jump as chipmaker sees second-quarter revenue at upper end of outlook
(Reuters) – Shares of Intel Corp rose about 5% after the chipmaker’s finance chief said on Wednesday that the company…
U.S. banks saw record deposit declines in Q1 as profits remained steady: FDIC
By Pete Schroeder WASHINGTON (Reuters) – U.S. banks saw total deposits decline by a record 2.5% in the first quarter…
US default probability at lowest since January – MSCI
NEW YORK (Reuters) – The probability of a U.S. default has declined to its lowest since January, according to MSCI…
Wells Fargo CEO says there will be losses in office loan portfolio
By Nupur Anand and Saeed Azhar NEW YORK (Reuters) -Wells Fargo & Co’s Chief Executive Officer Charlie Scharf said on…
National Bank of Canada misses profit estimates as bad loans provisions rise
(Reuters) – National Bank of Canada missed analysts’ earnings estimates on Wednesday, hurt by higher costs and money set aside…
Jaguar Land Rover recalling I-PACE vehicles in US over fire risks
By David Shepardson WASHINGTON (Reuters) -Jaguar Land Rover (JLR) said it was recalling nearly 6,400 I-PACE vehicles in the United…