Xpeng shares jump as China EV maker prices SUV below Tesla Model Y
By Chavi Mehta (Reuters) -Xpeng’s U.S.-listed shares jumped more than 11% on Friday after the electric-car maker priced its latest…
US urges appeals court to uphold Ghislaine Maxwell’s sex trafficking conviction
By Jonathan Stempel and Jack Queen NEW YORK (Reuters) -The U.S. government has urged an appeals court to uphold Ghislaine…
Emerging markets carry investor hopes for H2 on lower inflation, rates
By Rodrigo Campos and Marc Jones NEW YORK/LONDON (Reuters) – From BlackRock to JPMorgan, some of the world’s top investors…
Bausch + Lomb buys Novartis drugs for $1.75 billion to boost eye-care portfolio
(Reuters) – Bausch + Lomb said on Friday it would acquire several Novartis eye-care products for $1.75 billion as their…
U.S. farm agency told to investigate worker complaints at Maryland research complex
By Leah Douglas WASHINGTON (Reuters) – The U.S. Office of Special Counsel (OSC) has ordered the Department of Agriculture to…
China central bank to keep policy ‘precise, forceful’ amid faltering recovery
BEIJING (Reuters) -China’s central bank said on Friday it would implement prudent monetary policy in a “precise and forceful manner”…
US consumer spending stalls in May; inflation still elevated
By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer spending stagnated in May as households cut back on purchases of motor vehicles…
Canada’s economy gathered pace in May after stalling in April
By Ismail Shakil and Nivedita Balu OTTAWA (Reuters) -Canada’s economy regained momentum in May after stalling in April, Statistics Canada…
Global mergers and acquisitions plunge in Q2 but dealmakers see green shoots
By Anirban Sen and Andres Gonzalez NEW YORK/LONDON (Reuters) -Global mergers and acquisitions (M&A) activity fell 36% year-on-year in the…
US dollar share of global reserves edges up in Q1, euro’s share dips – IMF
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar’s share of currency reserves reported to the International Monetary Fund…