By Carolina Mandl NEW YORK (Reuters) -European hedge funds have rapidly cut their exposure to U.S. banks since the beginning of the year, while roughly keeping their positioning in European ones, Goldman Sachs told clients in a recent report. Overall, shares in European banks are outperforming U.S. peers as they did not face the deposit…
By Michael Georgy, Lisa Barrington DUBAI (Reuters) -Public fury is growing in the Arab world over one of Israel’s biggest military operations in the occupied West Bank in years, yet Arab states which normalised ties with Israel are unlikely to turn their condemnation of the Israeli assault into action. Thousands of people were evacuated from…
By Rishav Chatterjee (Reuters) -Shares of Bubs Australia pared most of their early losses on Thursday after opening about 9% lower, as the embattled baby formula maker launched a five-point plan to reduce operating expenses and cash burn. Bubs has been focussing on streamlining its businesses locally, in China and the West and said it…
By Ivan Lyubysh-Kirdey and Anna Voitenko KYIV (Reuters) – A man who detonated an explosive device at a court in the Ukrainian capital died on Wednesday after barricading himself inside part of the building, Interior Minister Ihor Klymenko said, citing “preliminary information.” Two members of a special rapid response security forces unit were hurt during…
BEIJING/SHANGHAI (Reuters) -China’s export controls on metals used in semiconductors are “just a start”, an influential Chinese trade policy adviser said on Wednesday, as Beijing ramps up a tech fight with Washington days before a visit from U.S. Treasury Secretary Janet Yellen. Shares in some Chinese metals companies rallied for a second session as investors…
By Rajesh Kumar Singh, David Shepardson and Diane Bartz CHICAGO (Reuters) -JetBlue Airways, seeking to protect a planned $3.8 billion purchase of Spirit Airlines, said on Wednesday it would follow a U.S. judge’s May order that it end an alliance with American Airlines. The New York-based carrier said while it “strongly” disagrees, it would not…
(Reuters) -Ukrainian President Volodymyr Zelenskiy told CNN he wanted a counteroffensive against occupying Russian forces to have started sooner than it did in June and that he had urged Western allies to quicken the supply of weapons for that mission, according to excerpts via a translator released on Wednesday. “I wanted our counteroffensive to happen…
By Tyler Clifford and Sharon Bernstein (Reuters) – The Biden administration on Wednesday appealed a federal judge’s ruling restricting some agencies and officials from meeting and communicating with social media companies to moderate their content, according to a court filing. The notice of appeal filed on Wednesday signals the government’s plan to ask the U.S….
(Reuters) – Openmarkets Australia Ltd was fined a record A$4.5 million ($2.99 million) after a panel found the retail broker in violation of numerous market integrity rules, the country’s corporate regulator said on Thursday. Routine surveillance from the Australian Securities and Investments Commission (ASIC) had identified repeated suspicious trading by an Openmarkets client. The client…
By Jeff Mason and Steve Holland WASHINGTON (Reuters) -Cocaine discovered in the White House on Sunday was found in a cubby hole in a West Wing entry area where visitors place electronics and other belongings before going on tours, a source familiar with the matter said on Wednesday. The Secret Service is investigating the matter,…