By Rodrigo Campos and Marc Jones NEW YORK/LONDON (Reuters) – From BlackRock to JPMorgan, some of the world’s top investors are upbeat on emerging markets for the second half of the year on the prospect of falling interest rates, while signs of progress in tricky debt talks are set to buoy frontier markets. Positive headlines…
(Reuters) – Bausch + Lomb said on Friday it would acquire several Novartis eye-care products for $1.75 billion as their market grows, sending the company’s shares up over 8% in early trading. The deal includes acquisition of Novartis’ anti-inflammation eye drop Xiidra, experimental drug libvatrep for chronic ocular surface pain, and rights to use the…
By Leah Douglas WASHINGTON (Reuters) – The U.S. Office of Special Counsel (OSC) has ordered the Department of Agriculture to investigate worker complaints about poor management and safety hazards at its flagship Maryland research facility, according to a letter seen by Reuters. Reuters exclusively reported in May that workers at the Beltsville Agricultural Research Center…
BEIJING (Reuters) -China’s central bank said on Friday it would implement prudent monetary policy in a “precise and forceful manner” to support economic growth and employment, amid a slowdown in the economy’s recovery from the COVID pandemic. The People’s Bank of China will continue to keep the yuan basically stable and guard against the risk…
By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer spending stagnated in May as households cut back on purchases of motor vehicles and other long-lasting goods amid higher borrowing costs, suggesting a considerable loss of momentum in economic growth in the second quarter. While the Commerce Department’s report on Friday showed annual inflation rising last month at…
By Ismail Shakil and Nivedita Balu OTTAWA (Reuters) -Canada’s economy regained momentum in May after stalling in April, Statistics Canada data showed on Friday, leaving the door open for the Bank of Canada to hike interest rates in July. The economy was unchanged in April from March, missing forecasts, in what economists said was the…
By Anirban Sen and Andres Gonzalez NEW YORK/LONDON (Reuters) -Global mergers and acquisitions (M&A) activity fell 36% year-on-year in the second quarter, but investment bankers and lawyers expressed optimism that the stock market’s recovery will gradually restore chief executives’ dealmaking confidence. The total value of M&A fell to $732.82 billion in the second quarter of…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar’s share of currency reserves reported to the International Monetary Fund rose in the first quarter of the year, in the midst of a still aggressive rate-hike cycle from the Federal Reserve aimed at curbing uncomfortably high inflation. The greenback’s share of reserves rose to 59%…
FRANKFURT (Reuters) – Inflation in the euro zone extended its decline in June as the cost of fuel tumbled, more than offsetting an acceleration in prices for services, a preliminary reading showed on Friday. The data, pointing to only the smallest drop in underlying inflation, was unlikely to sway the European Central Bank, which has…
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – Fashion brands are a key driver of demand for green shipping fuels, according to shipping group Maersk, as the sector faces pressure from consumers and regulators to reduce their climate footprint. Retailers ship huge volumes of clothes from production centres in countries such as China, Vietnam and Bangladesh to…
