Chipmaker Wolfspeed secures $1.25 billion in debt funding led by Apollo Global
(Reuters) – Wolfspeed said on Monday that a group led by Apollo Global Management would make a debt investment of…
Business
Pakistan central bank raises main interest rate by 100 bps to 22%
Karachi, PAKISTAN (Reuters) -Pakistan’s central bank raised its benchmark interest rate by 100 basis points to 22% at an emergency…
Novo Nordisk says obesity pill leads to 15% weight loss; availability ‘to be determined’
By Deena Beasley SAN DIEGO (Reuters) – Novo Nordisk on Sunday said a late-stage trial found that a high-dose oral…
Siemens Energy share sell-off deepens, takes market value loss to $8 billion
By Christoph Steitz FRANKFURT (Reuters) -Siemens Energy shares fell for a second consecutive session on Monday, hit by a raft…
GM’s EV truck customers must wait for Tesla-compatible charge ports
By Paul Lienert (Reuters) – General Motors does not expect to put Tesla-compatible charging ports on its new Chevrolet Silverado…
Special Report-US, Swedish prosecutors study graft complaint naming son of Turkey’s Erdogan
By David Gauthier-Villars (Reuters) – Anti-corruption authorities in the United States and Sweden are reviewing a complaint alleging that the…
Spirit Aero flags progress in talks with the union
(Reuters) – Spirit Aerosystems said on Monday it had held “constructive and positive meetings” with the U.S. machinists union through…
S&P cuts China GDP forecast as calls for stimulus intensify
BEIJING (Reuters) -S&P Global cut its forecast for China’s economic growth this year, underscoring the uneven nature of the country’s…
Nordson Corp to buy ARAG Group in $1 billion deal
(Reuters) – Nordson Corporation said on Monday it will buy Italy’s ARAG Group and its subsidiaries in an all-cash deal…
India’s cenbank may cut rates in early 2024 as inflation eases – S&P
MUMBAI (Reuters) – The Reserve Bank of India will likely start cutting the policy repo rate in early 2024 once…