Odey Asset Management freezes funds as clients pull money, prime brokers flee
By Nell Mackenzie LONDON (Reuters) -Odey Asset Management (OAM) is closing one fund and restricting money clients can pull from…
Business
Cool US May CPI rise supports Fed pause argument
NEW YORK (Reuters) – U.S. consumer prices rose moderately in May, leading to the smallest annual increase in inflation in…
BoC to raise rates once more by 25 bps in July to 5.00%: Reuters poll
By Milounee Purohit BENGALURU (Reuters) – The Bank of Canada will raise interest rates again in July to 5.00% after…
China cuts short-term borrowing costs to support recovery
By Winni Zhou and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – China’s central bank lowered a short-term lending rate for the first…
‘Goodbye President’: Berlusconi fans pay tribute to late leader
By Cristiano Corvino MILAN (Reuters) -Supporters of former prime minister Silvio Berlusconi gathered outside his villa near Milan on a…
Accenture looks to power AI efforts with $3 billion investment
(Reuters) – Accenture said on Tuesday it will invest $3 billion over three years into its data and AI practice,…
Toyota unveils sweeping plans for new battery tech, EV innovation
By Daniel Leussink TOKYO (Reuters) -Toyota will introduce high-performance, solid-state batteries and other technologies to improve the driving range and…
GM, SDI will build $3 billion battery manufacturing plant in Indiana
By David Shepardson (Reuters) -General Motors and Samsung SDI will build a more than $3 billion EV battery cell plant…
IKEA bets on remote interior design as AI changes sales strategy
By Helen Reid LONDON (Reuters) – IKEA is training call centre workers to become interior design advisers as the Swedish…
China’s May new loans miss forecasts, more stimulus likely
By Judy Hua and Kevin Yao BEIJING (Reuters) – China’s new bank loans picked up in May from the previous…