Hedge funds cut exposure to bank stocks in April, data shows
By Nell Mackenzie LONDON (Reuters) -Hedge funds cut their exposure to financial stocks in April after buying discounted equities in…
Economy
Future ECB rate moves will be “more marginal”, says Villeroy
PARIS (Reuters) – The European Central Bank has travelled most of the way in its campaign to raise interest rates,…
Airbnb’s gloomy forecast weighs on hotel, airline stocks
By Chibuike Oguh NEW YORK (Reuters) – A gloomy forecast from vacation rental firm Airbnb weighed on travel-related stocks on…
US annual inflation slows to below 5%, price pressures still strong
By Lucia Mutikani WASHINGTON (Reuters) – The annual increase in U.S. consumer prices slowed to below 5% in April for…
EU decision clearing $69 billion Microsoft, Activision deal expected May 15, sources say
By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators are set to approve Microsoft Corp’s $69 billion acquisition of…
U.S. government posts smaller $176 billion April surplus as revenues shrink
By David Lawder WASHINGTON (Reuters) -The U.S. government reported a $176 billion surplus in April, down sharply from a year-ago…
Panasonic delays production of new Tesla battery to improve performance
By Hyunjoo Jin and Kiyoshi Takenaka SAN FRANCISCO/TOKYO (Reuters) – Panasonic said on Wednesday that it will delay the commercial…
Microsoft skips pay hikes this year amid sharp focus on AI
(Reuters) -Microsoft Corp said on Wednesday it will not raise salaries for full-time employees this year, citing tough economic conditions,…
Europe needs to steer its own trade agenda, German economy minister says
BERLIN (Reuters) – With China and the U.S. fixated on each other, Europe is at risk of being paralysed in…
French central bank sees Q2 growth vs. Q1
PARIS (Reuters) – The French economy is set to grow slightly in the second quarter when compared to the previous…