VATICAN CITY (Reuters) – Pope Francis announced on Sunday that he would induct 21 churchmen to the high rank of cardinal in September. The following are set to become cardinals: Cardinal Electors under 80 1 – Archbishop Robert Prevost, American, Vatican official, head of the Dicastery for Bishops 2 – Archbishop Claudio Gugerotti, Italian, Vatican…
By David Randall NEW YORK (Reuters) -As second-quarter earnings approach, investors are looking at beaten-down sectors which might gain ground regardless of whether the U.S. economy falls into recession this year. While the benchmark S&P 500 has gained nearly 15% year-to-date driven by a handful of megacap growth and technology names, some sectors have lagged,…
There has been an interesting development in relation to FedEx (NYSE: FDX) as a wealthy individual or institution has taken a bearish stance on the company. This significant position was detected through publicly available options history, indicating that someone may have insider knowledge or insights into an impending event. Recently there were 12 sizeable…
By Mathieu Rosemain AIX-EN-PROVENCE, France (Reuters) – French mining group Eramet is in talks with several European carmakers over commercial agreements that would help the company finance its lithium production project in Argentina, Chief Executive Officer Christel Bories said. The race for lithium, a key raw material used to make batteries for electric vehicles, is…
PARIS (Reuters) – French Finance Minister Bruno Le Maire on Sunday said he was “very hopeful” Tesla Chief Executive Elon Musk will pick France for a substantial investment linked to the production of electric vehicles in Europe. Musk recently met French government officials, including President Emmanuel Macron, as he explores options for future production sites….
By Rachel Nostrant (Reuters) – Hundreds of soccer players from around the world will step on to the pitch on Saturday to compete in the Homeless World Cup, an international competition held this year in California for people living without permanent shelter or in rehab centers. The 40-team tournament, which runs from July 8-15 at…
(Reuters) -The body of missing 59-year-old Mexican journalist Luis Martín Sanchez Iniguez was found in the Mexican state of Nayarit with signs of violence, the state public prosecutor’s office confirmed Saturday. Sanchez Iniguez worked for the newspaper La Jornada. He had been missing since Wednesday and his wife filed a missing persons report with Mexican…
AIX-EN-PROVENCE, France (Reuters) – France’s central bank head Francois Villeroy de Galhau pushed back on Sunday against a suggestion from some French economists to raise the European Central Bank’s (ECB) 2% inflation target. Villeroy, who sits on the ECB’s governing council, also said that its interest rate hikes were close to topping out and that…
BEIJING (Reuters) – China published regulations on Sunday for the country’s $2.9 trillion private investment fund sector, seeking to better protect investors and promote innovation. The new rules, signed by Premier Li Qiang and effective on Sept. 1, create a chapter specifically for venture capital funds, as policymakers encourage investment into innovative technology start-ups, said…
MADRID (Reuters) – Two weeks ahead of Spain’s election, the conservative People’s Party (PP) opened up its lead over the ruling Socialist Workers’ Party (PSOE) but would still need the help of the far-right Vox party to govern, according to an opinion poll published by a newspaper on Sunday. A poll carried out by Ipsos…
