Rallying U.S. stocks are pulling in sidelined investors, Deutsche Bank says
By Saqib Iqbal Ahmed NEW YORK (Reuters) – A steadily rising U.S. stock market appears to be drawing investors off…
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PIMCO’s bond CIO says underweight dollar, sees value in UK gilts
By Harry Robertson LONDON (Reuters) – PIMCO is underweight the U.S. dollar and overweight UK government bonds in some funds,…
U.S. West Coast port labor skirmishes simmer; contract still elusive
By Lisa Baertlein (Reuters) – West Coast seaport employers on Monday criticized worker absences, which they said were slowing work…
Sphere Entertainment to launch immersive content studio in Hollywood
(Reuters) – Sphere Entertainment said on Monday it was launching Sphere Studios in Hollywood to create immersive film content for…
India imposes wheat stock limit to arrest price rise
NEW DELHI (Reuters) -India has imposed a limit on the amount of wheat stocks traders can hold in an effort…
GM to invest $632 million in Indiana plant for future truck production
By David Shepardson (Reuters) – General Motors plans to invest $632 million in its Fort Wayne, Indiana, assembly facility to…
UBS completes Credit Suisse takeover to become wealth management behemoth
By Noele Illien ZURICH (Reuters) -UBS completed its emergency takeover of embattled local rival Credit Suisse on Monday, forging a…
US budget deficit mushrooms in May as revenue falls, Medicare outlays jump
(Reuters) – The U.S. budget deficit swelled in May from a year earlier as revenue tumbled and Medicare spending surged,…
Argentina inflation seen speeding up in May, bucking regional trend
By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s monthly inflation rate likely sped up to 8.8% in May, according to…
Exclusive-Broadcom set to win EU nod for $61 billion VMware deal, sources say
By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Broadcom is set to gain conditional EU antitrust approval for its…