Factbox-Short sellers rake in $1.2 billion in profits as US regional bank stocks suffer
(Reuters) – Short sellers have pocketed $1.2 billion in paper profits betting against U.S. regional lenders in the first two…
Economy
TSMC, partners plan to invest up to $11 billion in German fabrication plant -Bloomberg News
(Reuters) -Taiwan Semiconductor Manufacturing Co is in talks with partners to invest as much as 10 billion euros ($11.04 billion)…
U.S. Treasury official says June 1 default scenario is ‘best estimate’ but variable
WASHINGTON (Reuters) – The U.S. Treasury’s estimate that it could run short of cash to satisfy all U.S. payment obligations…
U.S. services sector grows steadily in April -ISM survey
WASHINGTON (Reuters) – The U.S. services sector maintained a steady pace of growth in April as new orders increased amid…
Saudi economy edging closer to reducing dependence on oil –IMF official
By Rachna Uppal DUBAI (Reuters) – Government-led reforms and the growth of private investment in new sectors will help support…
Former Audi boss set for confession in diesel emissions scandal
By Jörn Poltz MUNICH (Reuters) – Former Audi boss Rupert Stadler is ready to make a confession about his role…
Lottomatica slips after Europe’s biggest IPO of 2023 so far
By Pablo Mayo Cerqueiro LONDON (Reuters) -Shares in Italian gambling firm Lottomatica fell on their first day of trading on…
Recession talk tapers off on latest quarterly conference calls
By Noel Randewich (Reuters) -While Wall Street frets that the Federal Reserve’s aggressive interest rate hikes will tip the U.S….
Yellen to travel to Japan for G7 finance ministers meeting
By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen will travel to Niigata, Japan next week to participate…
Cucumbers and cheese top Britain’s inflation charts
By David Milliken LONDON (Reuters) – Cucumbers, olive oil and cheese topped Britain’s inflation chart in March, while traditional fish…