By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – Emerging market equity funds are outpacing developed market rivals in attracting inflows for the first time in three years, underscoring a relatively more favourable growth outlook and expectations of faster rate cuts in many less developed markets. Refinitiv Lipper data shows money inflows into emerging market (EM)…
By Ana Mano SAO PAULO (Reuters) – A Brazilian labor union has accused JBS SA of submitting dozens of workers to “degrading conditions,” according to a class action suit filed against the world’s biggest meatpacker and its suppliers this week. The union filed the claim on behalf of at least 76 people, including members of…
TOKYO (Reuters) -Japan’s Mazda Motor needs to overhaul its strategy in China, the world’s biggest auto market, where it faces increasingly tough competition from domestic players, the automaker’s chief executive said on Friday. CEO Masahiro Moro said business conditions for Mazda in China, where it has a joint venture with Chongqing Changan Automobile and China…
By Marie Mannes STOCKHOLM (Reuters) -Swedish property group SBB on Friday ruled out state support as it sought to repair its battered finances, marred by a heavy loss and dwindling cash. The $13 billion group, which owns swathes of property across Sweden including hospitals and schools, racked up a pre-tax loss of 11.1 billion Swedish…
SHANGHAI (Reuters) – Several workers at Tesla’s Shanghai plant, its biggest manufacturing hub globally by output, said they had been awarded a large increase in their latest quarterly performance bonuses. The workers said they welcomed the award after the U.S. electric automaker had cut bonuses for many staff in the previous quarter. Discontent at the…
By Lewis Jackson SYDNEY (Reuters) -An Australian real estate investment trust (REIT) has limited how much investors can withdraw from one of its largest office funds citing challenging property conditions, in the latest sign of trouble for the embattled commercial property sector. Investors in the unlisted A$2.5 billion ($1.72 billion) Charter Hall Direct PFA Fund…
LONDON (Reuters) – Investors piled into bonds and stocks while shedding cash in the week to Wednesday, according to a report on Friday from Bank of America (BofA) Global Research. The report said this reflected the “end of inflation, end of war, end of U.S. dollar bull” following data this week that showed the U.S….
By Martin Coulter LONDON (Reuters) -Finland’s Nokia cut its annual outlook on Friday and Swedish rival Ericsson reported plunging quarterly profits, as a slowdown in consumer spending hit sales of telecommunications gear. Nokia’s shares were down 9.6% in morning trade to their lowest since April 2021, while Ericsson shares were down 8.7%. Fears of an…
(Reuters) – Former Fox News host Tucker Carlson and former White House adviser Neil Patel are looking to raise funds to start a new media company that could potentially be anchored on Twitter, the Wall Street Journal reported on Friday. The duo is looking to raise hundreds of millions of dollars to fund the company,…
(Reuters) -Volkswagen said on Friday its Group deliveries increased 12.8% year-on-year from January to June, registering growth in every region except China, which saw a 1.2% drop in total deliveries and a 1.6% drop in battery-electric cars. The fall was partly due to particularly high sales in the same month last year after the government…
