By Lananh Nguyen NEW YORK (Reuters) – Bond traders are stars again on Wall Street. Fixed income, currencies and commodities (FICC) traders bolstered bank profits last year despite dreary deal markets. And traders who have navigated renewed market volatility are set to extend their winning streak, senior bankers told Reuters. At Bank of America Corp,…
BERLIN (AP) — Several substances seem to have contributed to the massive fish die-off in the Oder River that forms much of Germany’s border with Poland, a German official said Monday. Numerous theories have been floated about the cause of the environmental disaster, but so far none have been conclusive, a spokesman for Germany’s Environment…
By Anirban Sen and Andres Gonzalez NEW YORK/LONDON (Reuters) -Global mergers and acquisitions (M&A) activity fell 36% year-on-year in the second quarter, but investment bankers and lawyers expressed optimism that the stock market’s recovery will gradually restore chief executives’ dealmaking confidence. The total value of M&A fell to $732.82 billion in the second quarter of…
TOKYO (Reuters) – China remains a high-priority market for Panasonic even as geopolitics have highlighted the need for robust supply chains elsewhere, the Japanese group’s chief executive said. Leaders at the recent Group of Seven (G7) summit in Hiroshima stressed the need for firms to “de-risk” but not “decouple” from the world’s second-largest economy. “We…
BERLIN (AP) — A train communications system in Germany was targeted by sabotage Saturday, forcing both passenger and cargo trains to halt for nearly three hours across the northwest of the country, authorities said. Operator Deutsche Bahn said early Saturday that no long-distance or regional trains were running in the states of Hamburg, Schleswig-Holstein, Lower…
Electrified vehicles are indiscriminate in their automotive expansion. First, it was hatchbacks and sedans, then SUVs. Next up: the pickup. Electric variants of light-duty pickups are being developed by a number of automakers, but there’s one electric truck that’s already on sale: the all-new Rivian R1T. Hailing from this nascent American company, the R1T boasts…
BEIJING (Reuters) -Activity in China’s factory and services sectors swung into negative territory in March, an official survey showed on Thursday, contracting simultaneously for the first time since the peak of the country’s COVID-19 outbreak in 2020. The official manufacturing Purchasing Managers’ Index (PMI) fell to 49.5 from 50.2 in February, the National Bureau of…
NEW YORK (Reuters) – Bond trading platform Tradeweb is in talks with clients, industry groups and other market participants about contingency plans in case of a U.S. debt default, a spokesperson said on Friday. Financial markets are jittery about the possibility that the U.S. Treasury could miss debt payments as President Joe Biden and top…
NAIROBI, Kenya (AP) — Kenyan opposition figure Raila Odinga said Tuesday he’ll challenge the results of the close presidential election with “all constitutional and legal options” after Deputy President William Ruto was declared the winner, bringing new uncertainty to a country where the vote was widely considered to be its most peaceful. Now East Africa’s…
By Niket Nishant (Reuters) -Google-parent Alphabet said on Friday it had slashed its stake in Robinhood Markets by nearly 90%, cutting its exposure to the trading app operator that has been grappling with a slowdown in its mainstay business. Alphabet had reportedly invested in Robinhood when the latter was an unlisted startup, and it held…
