By Chuck Mikolajczak NEW YORK (Reuters) -Meta Platforms will return to its former status as a full growth stock after financial data provider FTSE Russell finishes its annual shakeup of its stock index components on Friday. The so-called Russell Reconstitution is important because it causes portfolio managers to scramble to readjust their holdings to better…
By Allison Lampert and Aditi Shah PARIS/NEW DELHI (Reuters) – Standing at a small booth among a row of other Japanese aerospace suppliers at the Paris Airshow, Yoko Konno is excited at the prospect of new orders for her company, but frowns at long delays to get titanium and the rising cost of chemicals. “It…
By Louise Dalmasso PARIS (Reuters) -A French robot that can dive to 20,000 feet (6,000 metres) underwater is on its way to help find a tourist submersible that vanished as it descended to the Titanic wreck and it could help free the sub if it is trapped, its operator said on Wednesday. The unmanned robot,…
VATICAN CITY (Reuters) – Pope Francis skipped reading a planned speech at a conference on Thursday, saying he still had breathing problems following a hernia operation this month. “I am still under the effects of anaesthesia, my breathing is not good,” Francis told a meeting of the Catholic Oriental Church, saying delegates would instead receive…
By Milana Vinn NEW YORK (Reuters) – When a senior Goldman Sachs technology banker delivered a grim prediction to his colleagues earlier this year, it marked the beginning of downturn that would result in some bankers leaving. Mergers and acquisitions among technology companies could be down as much as 80% in 2023, Sam Britton, one…
PARIS (Reuters) – Six people remained in a critical condition and one person was believed still missing on Thursday, one day after a blast ripped through a street near Paris’ historic Latin Quarter, the city’s public prosecution office said. “These figures may still change,” prosecutor Maylis De Roeck told Reuters in a text message, adding…
A look at the day ahead in U.S. and global markets from Mike Dolan Even if investors sense light at the end of the tunnel, Western central banks are clearly not finished tightening credit just yet – certainly not in ‘inflation outlier’ Britain. Federal Reserve chair Jerome Powell threw more cold water on hopes for…
MOSCOW (Reuters) – A Russian court on Thursday rejected U.S. reporter Evan Gershkovich’s appeal against his pre-trial detention on charges of espionage that he denies, a Reuters reporter at the court said. Gershkovich, 31, was arrested in March and accused by the FSB security service of collecting military secrets in the Urals city of Yekaterinburg….
ZURICH (Reuters) – The Swiss National Bank will consider closely the size of UBS following the completion of its takeover of Credit Suisse, the central bank’s vice-chairman said on Thursday. “Of course because it is such a big bank it needs to have higher capital requirements,” Martin Schlegel told an news conference in Zurich. He…
By Valentina Za MILAN (Reuters) -The Italian arm of France’s Credit Agricole has started offering fixed-term savings accounts to win new customers in its biggest foreign market, at a time when competition for cash among the country’s lenders grows. With deposit rates lagging soaring lending costs, banks have posted record earnings in recent quarters, prompting…
