By Harry Robertson LONDON (Reuters) – PIMCO is underweight the U.S. dollar and overweight UK government bonds in some funds, a senior fund manager said on Monday. “There’s no guarantee that we’re going to be short the dollar all the time, but today, (in) positioning we have dollar underweights versus G10 and EM (emerging markets),”…
By Lisa Baertlein (Reuters) – West Coast seaport employers on Monday criticized worker absences, which they said were slowing work at some of the nation’s busiest ports, as unions press for a bigger share of record profits reaped when cargo shipments surged during the pandemic. West Coast ports stretching from California to Washington state are…
KHARTOUM (Reuters) -Air strikes, artillery and gunfire rocked several areas of Sudan’s capital on Monday as fighting between warring factions intensified for a second day, trapping civilians in a worsening humanitarian crisis. The war between the country’s army and paramilitary Rapid Support Forces (RSF) has raged for almost two months, forcing almost 2 million to…
By Shristi Achar A and Noel Randewich (Reuters) – U.S. stocks rallied on Monday, putting the S&P 500 within striking distance of its highest close since April 2022, and Oracle hit a record high ahead of quarterly results as investors awaited inflation data and the Federal Reserve’s interest rate decision this week. Lifted by gains…
(Reuters) – Sphere Entertainment said on Monday it was launching Sphere Studios in Hollywood to create immersive film content for its entertainment venue, Sphere, in Las Vegas. The live entertainment and media firm said filmmakers would work with Hollywood directors and producers at Sphere Studios to create multi-sensory films that would appear exclusively in Sphere…
NEW DELHI (Reuters) -India has imposed a limit on the amount of wheat stocks traders can hold in an effort to bring down prices, food secretary Sanjeev Chopra told reporters on Monday. The world’s second biggest wheat producer will also provide 1.5 million tonnes of wheat to bulk consumers such as flour millers, as part…
By David Shepardson (Reuters) – General Motors plans to invest $632 million in its Fort Wayne, Indiana, assembly facility to prepare the plant for future internal combustion engine full-size light duty trucks, it said on Monday. The investment will be used to support new conveyors, tooling and equipment for the plant that manufactures GM’s Chevrolet…
By Noele Illien ZURICH (Reuters) -UBS completed its emergency takeover of embattled local rival Credit Suisse on Monday, forging a Swiss banking and wealth management giant with a $1.6 trillion balance sheet. Marking the closing of the biggest banking deal since the 2008 financial crisis, UBS Chief Executive Sergio Ermotti and Chairman Colm Kelleher said…
WASHINGTON (Reuters) -U.S. Secretary of State Antony Blinken on Monday said he would like to see Tunisia present a revised reform plan to the International Monetary Fund (IMF), adding that it is clear Tunisia needs additional assistance. “We very much would welcome the Tunisian government presenting a revised reform plan to the IMF and for…
WASHINGTON (Reuters) – The United States has asked Mexico to review whether workers at a denim garment factory in the Mexican state of Aguascalientes are being denied the right to freedom of association and collective bargaining, the U.S. Trade Representative’s office said on Monday. U.S. Trade Representative Katherine Tai said the request regarding a garment…
