Debt ceiling deal ignores US debt time bomb
By David Lawder and Andy Sullivan WASHINGTON (Reuters) – Republicans and Democrats are touting a hastily-written debt ceiling deal that…
Business
US equity funds draw first weekly inflow in 10 weeks
(Reuters) – U.S. equity funds received their first weekly inflow in ten weeks in the week to May 31 on…
Morgan Stanley sees slump in US earnings in 2023, sharp rebound next year
(Reuters) – Morgan Stanley warns of a 16% drop in profit for S&P 500 companies this year, followed by a…
Stellantis in talks for parts and material recycling JV with Galloo
MILAN (Reuters) – Carmaker Stellantis and Belgian metals recycler Galloo have entered exclusive talks to create a joint venture focused…
United Airlines CEO says US in a ‘business recession’ but consumers ‘strong’
By Aditi Shah and Tim Hepher ISTANBUL (Reuters) -The United States is in a “business recession” but the consumer is…
Global equity funds suffer seventh straight week of outflows
(Reuters) – Global equity funds saw a seventh straight week of outflows in the seven days to May 31 on…
Hedge funds drop European stocks for US and Japan, analysts say
By Nell Mackenzie LONDON (Reuters) – Hedge funds ditched European equities last week for stocks in the United States and…
Richard Teng seen as potential successor to Binance’s Changpeng Zhao -reports
(Reuters) – Richard Teng, Binance’s head of regional markets outside the United States, is seen as the most likely candidate…
Higher wage costs force UK services firms to push up prices: PMI
By Suban Abdulla LONDON (Reuters) – British services firms reported the strongest input cost pressures in three months in May…
Slump in global cashew demand pushes Ivory Coast industry to verge of collapse
By Ange Aboa KATIOLA, Ivory Coast (Reuters) – Drissa Dembele, a farmer and buyer of raw cashews, surveyed unshelled nuts…