Global hedge fund launches at lowest level since 2017 -Preqin
By Nell Mackenzie LONDON (Reuters) – Hedge fund launches in 2023 are at their lowest level globally since 2017, data…
Economy
Fed’s Jefferson says economy slowing in “orderly” manner
WASHINGTON (Reuters) – The U.S. economy is slowing in an “orderly fashion” that should allow inflation to decline even as…
Chipmaker GlobalFoundries forecasts downbeat quarter, shares fall
(Reuters) – GlobalFoundries Inc projected quarterly revenue below estimates on Tuesday as the chip manufacturer takes a hit from slumping…
U.S. home buyers persevere despite high rates, prices: study
By Nupur Anand NEW YORK (Reuters) – U.S. home buyers are still committed to their plans to buy a property…
Iveco to fully own venture with Nikola on electric, hydrogen trucks
By Giulio Piovaccari MILAN (Reuters) -Iveco Group is set to loosen ties with U.S. start-up Nikola as it said on…
US debt limit default could hit in early June to early August -think tank
By David Lawder WASHINGTON (Reuters) -The U.S. government will begin defaulting on its payment obligations between early June and early…
Explainer-Why the EU is restricting grain imports from Ukraine
(Repeats for additional subscribers) LONDON (Reuters) – The European Commission has announced restrictions on the imports of Ukrainian wheat, maize,…
Ford to test small UK fleet of hydrogen fuel cell E-Transit vans
By Nick Carey LONDON (Reuters) – Ford Motor Co said on Tuesday it will test a small fleet of prototype…
China’s shrinking imports, slower exports growth darken economic outlook
By Joe Cash BEIJING (Reuters) – China’s imports contracted sharply in April, while exports rose at a slower pace, reinforcing…
Australia boasts rare budget surplus, before spending pressures intensify
By Wayne Cole SYDNEY (Reuters) -Australia’s Labor government boasted the first budget surplus in 15 years on Tuesday, as strong…