PIMCO’s bond CIO says underweight dollar, sees value in UK gilts
By Harry Robertson LONDON (Reuters) – PIMCO is underweight the U.S. dollar and overweight UK government bonds in some funds,…
June 2023
U.S. West Coast port labor skirmishes simmer; contract still elusive
By Lisa Baertlein (Reuters) – West Coast seaport employers on Monday criticized worker absences, which they said were slowing work…
Sudan war traps civilians after ceasefire ends
KHARTOUM (Reuters) -Air strikes, artillery and gunfire rocked several areas of Sudan’s capital on Monday as fighting between warring factions…
U.S. Stocks Extend Rally; Investors Bet Fed Will Pause Rate Hikes
By Shristi Achar A and Noel Randewich (Reuters) – U.S. stocks rallied on Monday, putting the S&P 500 within striking…
Sphere Entertainment to launch immersive content studio in Hollywood
(Reuters) – Sphere Entertainment said on Monday it was launching Sphere Studios in Hollywood to create immersive film content for…
India imposes wheat stock limit to arrest price rise
NEW DELHI (Reuters) -India has imposed a limit on the amount of wheat stocks traders can hold in an effort…
GM to invest $632 million in Indiana plant for future truck production
By David Shepardson (Reuters) – General Motors plans to invest $632 million in its Fort Wayne, Indiana, assembly facility to…
UBS completes Credit Suisse takeover to become wealth management behemoth
By Noele Illien ZURICH (Reuters) -UBS completed its emergency takeover of embattled local rival Credit Suisse on Monday, forging a…
Blinken says would like to see Tunisia present revised reform plan to IMF
WASHINGTON (Reuters) -U.S. Secretary of State Antony Blinken on Monday said he would like to see Tunisia present a revised…
US asks Mexico to review alleged denial of workers’ rights at garment facility
WASHINGTON (Reuters) – The United States has asked Mexico to review whether workers at a denim garment factory in the…