New Vodafone boss takes aim at costs with 11,000 global job cuts
By Paul Sandle and Sarah Young LONDON (Reuters) -New Vodafone boss Margherita Della Valle said she would cut 11,000 jobs…
Economy
Philippine central bank to hold rates at 6.25% in May after nine straight increases – Reuters poll
By Devayani Sathyan BENGALURU (Reuters) – The Philippines central bank will likely leave its key interest rate unchanged at 6.25%…
Moelis & Co hires JPMorgan veteran Debost for Paris bureau
PARIS (Reuters) – U.S. investment bank Moelis & Co is strengthening its presence in France by hiring Edouard Debost from…
U.S. charges Chinese national with providing weapons materials to Iran
NEW YORK (Reuters) – The United States has charged a Chinese national with violating U.S. sanctions by providing to Iran…
FTC to block Amgen’s $27.8 billion deal for Horizon Therapeutics – source
(Reuters) -The U.S. Federal Trade Commission is expected to file a lawsuit as early as Tuesday to block Amgen Inc’s…
German economic growth to remain muted in near term – IMF
BERLIN (Reuters) -The German economy has shown resilience over the last year thanks to a strong policy response and a…
U.S. business inventories fall in March
WASHINGTON (Reuters) – U.S. business inventories unexpectedly fell in March, pulled down by a decline in stocks at manufacturers. Business…
Property insurer SageSure turns ‘unicorn’ after $250 million funding round – source
By Jaiveer Shekhawat (Reuters) – SageSure became a “unicorn” after the U.S. property insurer raised $250 million in its latest…
US manufacturing production surges in April on motor vehicles
WASHINGTON (Reuters) – Production at U.S. factories surged in April, driven by an increase in output at motor vehicle plants,…
US homebuilder sentiment rises to 10-month high in May
WASHINGTON (Reuters) – U.S. homebuilder sentiment rose to a 10-month high in May as tight housing supply boosted demand for…