Morgan Stanley sees slump in US earnings in 2023, sharp rebound next year
(Reuters) – Morgan Stanley warns of a 16% drop in profit for S&P 500 companies this year, followed by a…
Stellantis in talks for parts and material recycling JV with Galloo
MILAN (Reuters) – Carmaker Stellantis and Belgian metals recycler Galloo have entered exclusive talks to create a joint venture focused…
United Airlines CEO says US in a ‘business recession’ but consumers ‘strong’
By Aditi Shah and Tim Hepher ISTANBUL (Reuters) -The United States is in a “business recession” but the consumer is…
Global equity funds suffer seventh straight week of outflows
(Reuters) – Global equity funds saw a seventh straight week of outflows in the seven days to May 31 on…
Hedge funds drop European stocks for US and Japan, analysts say
By Nell Mackenzie LONDON (Reuters) – Hedge funds ditched European equities last week for stocks in the United States and…
Russia says it sees ‘no prospects’ for further grain deal renewal
(Reuters) – Russia’s foreign ministry said on Monday that it saw no prospects for extending the Black Sea grain export…
Russia says it thwarted major Ukrainian offensive, Kyiv says Moscow spreads lies
By Guy Faulconbridge MOSCOW (Reuters) -Russia said on Monday its forces had thwarted a major Ukrainian offensive at five points…
Richard Teng seen as potential successor to Binance’s Changpeng Zhao -reports
(Reuters) – Richard Teng, Binance’s head of regional markets outside the United States, is seen as the most likely candidate…
US Navy shows Chinese warship’s ‘unsafe interaction’ near Taiwan
By Ben Blanchard and Laurie Chen TAIPEI/BEIJING (Reuters) -The U.S. Navy has released a video of what it called an…
Higher wage costs force UK services firms to push up prices: PMI
By Suban Abdulla LONDON (Reuters) – British services firms reported the strongest input cost pressures in three months in May…