Companies beef up contingency plans ahead of US debt-ceiling deadline
By Laura Matthews NEW YORK (Reuters) -Some corporate treasurers are stepping up their contingency plans to address any upcoming funding…
Business
Global money market funds attract heavy inflows as US debt ceiling looms
(Reuters) – Global money market funds drew inflows for a fifth straight week in the seven days to May 24…
Italy’s UniCredit expands payments partnership with Mastercard
ROME (Reuters) – Italy’s second-largest bank UniCredit said on Friday it had entered into an enlarged payments partnership with Mastercard….
Biden, McCarthy appear near two-year deal on US debt ceiling as default looms
By Nandita Bose, Jarrett Renshaw and David Morgan WASHINGTON (Reuters) -U.S. President Joe Biden and top congressional Republican Kevin McCarthy…
Hyundai Motor Group, LG Energy to build $4.3 billion EV battery plant in US
By Hyunsu Yim and Ju-min Park SEOUL (Reuters) -South Korea’s Hyundai Motor Group and LG Energy Solution Ltd (LGES) on…
ECB’s Lane pushes back on core inflation worries
DUBROVNIK, Croatia (Reuters) – Falling energy prices will lower underlying inflation in the euro zone and rapid wage growth is…
Marketmind: Debt deal is near, Fed peak is not
A look at the day ahead in U.S. and global markets from Mike Dolan As the AI-led tech stock boom…
TD to build U.S. business brick by brick, after First Horizon set back
By Nivedita Balu TORONTO (Reuters) -Canada’s no.2 lender TD Bank Group will push ahead with its U.S. expansion by focusing…
China Eastern set to operate C919’s first commercial flight on Sunday
By Sophie Yu and Brenda Goh BEIJING (Reuters) – China Eastern Airlines, the initial customer for the country’s homegrown narrow-body…
China allows Morgan Stanley to set up China futures unit
SHANGHAI (Reuters) – China’s securities regulator said on Friday it had allowed Morgan Stanley to set up a China futures…