Asian hedge funds piled to China education, U.S. AI shares in Q1
By Summer Zhen HONG KONG (Reuters) – Large Asian hedge funds added Chinese education companies to their portfolios in the…
Business
Airline SAS’s rescue moves closer as court clears fundraising plan
(Reuters) -SAS’s rescue has moved a step closer after a U.S. court approved a revised plan from the Scandinavian airline…
Buying Teck’s coal unit as a standalone a ‘distant second’ for Glencore – CEO
LONDON (Reuters) – Buying Teck Resources’ coal business as a standalone unit is a “distant second” for Glencore and Teck…
Thales, Gol ink deal to move maintenance services to Brazil
By Gabriel Araujo SAO PAULO (Reuters) – France’s Thales SA will provide maintenance services for Brazilian airline Gol in Brazil…
Microsoft wins EU antitrust approval for Activision deal vetoed by UK
By Foo Yun Chee BRUSSELS (Reuters) -Microsoft Corp won EU antitrust approval for its $69 billion acquisition of Activision on…
Central banks have lost a degree of trust, ECB’s Makhlouf says
DUBLIN (Reuters) – Central banks around the world have lost a degree of trust and need to rebuild it by…
Three in four Americans worry debt-ceiling default could hurt them: Reuters/Ipsos poll
By Andy Sullivan WASHINGTON (Reuters) – Americans are worried about the prospect of the U.S. government defaulting if Congress fails…
Powell’s legacy tested by inflation, bank crisis, new Fed dynamics
By Howard Schneider WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell, who navigated a combative White House and a pandemic…
Exclusive-Glencore’s bid for Teck spurs call for Canada pensions to up domestic equity stake
By Divya Rajagopal TORONTO (Reuters) – Glencore’s hostile bid for Teck Resources has galvanized some Canadian institutional investors, who have…
Marketmind: Biden, Republicans set for debt ceiling face-off
(Reuters) – A look at the day ahead in U.S. and global markets from Samuel Indyk. Another day, another meeting…