By Gwladys Fouche ARENDAL, Norway (Reuters) – Norway’s $1.4 trillion wealth fund, the world’s single largest stock market investor, is to step up pressure on the companies it invests in to have more women board members and to also reduce excessive executive pay, a top fund official said. The fund is one of a growing…
By Clare Jim, Jonathan Stempel and Dietrich Knauth HONG KONG/NEW YORK (Reuters) – Embattled developer China Evergrande Group has filed for U.S. bankruptcy protection as part of one of the world’s biggest debt restructurings, as anxiety grows over China’s worsening property crisis and its impact on the weakening economy. China unexpectedly lowered several key interest…
By Maxwell Akalaare Adombila ACCRA (Reuters) – West Africa’s main regional bloc on Friday said it had agreed an undisclosed “D-Day” for a possible military intervention to restore democracy in Niger if diplomatic efforts fail, stressing that it would not hold endless dialogue with the defiant junta. The comments came at the end of a…
WASHINGTON (Reuters) -Former U.S. President Donald Trump plans to skip the first Republican primary debate next week and instead sit for an online interview with former Fox News host Tucker Carlson, the New York Times reported, citing people briefed on the matter. Trump has for months suggested that he would likely pass on Wednesday night’s…
By Saeed Azhar and Amruta Khandekar NEW YORK (Reuters) – The S&P 500 ended nearly flat on Friday as gains in defensive sectors and energy offset weakness in megacap growth stocks, while investors looked toward next week’s speech by Federal Reserve Chair Jerome Powell. Megacap technology-related growth stocks dipped, with Alphabet down 1.9% and Tesla…
By Pratik Jain (Reuters) -Regeneron Pharmaceuticals said on Friday the U.S. health regulator approved its drug to treat a rare blood disease. The drug pozelimab, branded as Veopoz, would treat CHAPLE disease in adult and pediatric patients 1 year of age and older. Veopoz — the first treatment to be approved by the U.S. Food…
By Ricardo Brito and Anthony Boadle BRASILIA (Reuters) -Former Brazilian President Jair Bolsonaro faced mounting legal pressure on Friday, as police probed his personal finances and communications while a jailed former aide mulled testifying about his role in a Rolex-peddling scheme allegedly masterminded by the ex-president. Bolsonaro, a far-right former army captain, narrowly missed re-election…
By Medha Singh (Reuters) -VinFast shares slumped for a third straight session on Friday, with the Vietnamese electric automaker now losing more than half of its market value since its blowout Nasdaq listing this week. The cash-burning company was last valued at $35 billion, down from $85 billion in its Wall Street debut on Tuesday….
(Reuters) -Bank credit at U.S. commercial banks shrank in the latest week as commercial banks pulled back on lending to businesses, data published by the Federal Reserve showed on Friday. Overall bank credit fell to $17.23 trillion in the week ending Aug. 9, down from $17.25 trillion a week earlier and $17.32 trillion a year…
By Valerie Insinna and Tim Hepher WASHINGTON (Reuters) – JetZero, which has won U.S. Air Force backing to build a demonstrator for a futuristic aircraft, expects a projected 50% cut in fuel consumption to open the doors of the airline industry as well the Pentagon, its chief executive said. The U.S. Air Force on Wednesday…
