Hedge fund investors hunt credit, equity portfolios
NEW YORK (Reuters) – Big investors, such as pension funds and insurance companies, are willing to increase their allocation to…
August 2023
US hiring slowdown may push Fed to forego another rate hike
By Ann Saphir (Reuters) -Federal Reserve policymakers received new evidence on Friday that the labor market is cooling, adding to…
Two measures of global corporate health flash red
LONDON (Reuters) -Two measures of corporate and economic health were flashing red on Friday as shipping group Maersk reported a…
Trump lawyers drop second challenge to Georgia prosecutor, grand jury
WASHINGTON (Reuters) – Lawyers for Donald Trump have dropped a second longshot bid to disqualify the Georgia prosecutor investigating whether…
Italy plans measures to support key sectors including microelectronics
By Elvira Pollina and Giuseppe Fonte ROME (Reuters) – Italy is preparing measures to support strategic industrial sectors including microelectronics…
Magna lifts annual forecasts as results beat estimates on parts demand
(Reuters) -Canada’s Magna International on Friday raised its full-year profit and sales outlook after its quarterly results beat estimates on…
US should extend EV tax benefits to Vietnam, says business lobby
By Simon Lewis and David Brunnstrom WASHINGTON (Reuters) – The United States should extend electric vehicle tax credit benefits to…
EV maker Fisker cuts output forecast on supply chain woes; shares slide
By Akash Sriram and Abhirup Roy (Reuters) -Fisker Inc shares fell nearly 9% on Friday after supply chain issues forced…
Albemarle jumps into global race to reinvent lithium production
By Ernest Scheyder (Reuters) – Albemarle is building an Arkansas facility to test its version of direct lithium extraction (DLE)…
Ringleader of NBA health care fraud gets 10 years prison
By Jonathan Stempel NEW YORK (Reuters) – A former National Basketball Association player was sentenced on Thursday to 10 years…