U.S. inflation eased substantially in June, extending a recent slowdown in price increases that opens a path for the Federal Reserve to cut rates by the end of the summer. The consumer-price index, a measure of goods and services costs across […]
The “last mile” of the US Federal Reserve’s battle against inflation may have shortened to a last lap after consumer prices fell in June, a long-awaited slowing of shelter cost increases took shape, and markets began pushing down yields on […]
European fund giant DWS (DWSG.DE), opens new tab has created a new company as part of its plans to launch the first German-regulated cryptocurrency next year, the firm’s CEO told Reuters, as major financial companies jostle to launch new digital tokens. Deutsche […]
On Thursday, it was confirmed that the Saudi desalination project would be the first significant foreign agreement to be canceled since President Bassirou Diomaye Faye’s inauguration in March. The new Senegalese president had promised to examine and perhaps revoke agreements […]
LONDON, July 10 (Reuters) – AXA IM Alts, the alternative investment arm of French insurer AXA (AXAF.PA), opens new tab, has raised $2.5 billion to pursue deals in the fast-growing market for bank risk transfers, as more lenders look to cash […]
July 10 (Reuters) – Industrial giant Honeywell (HON.O), opens new tab will buy Air Products’ (APD.N), opens new tab liquefied natural-gas process technology and equipment business for $1.8 billion in cash, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. […]
The Bank of Israel (BOI) remains committed to plans for a digital shekel currency to improve Israel’s payments system and foster innovation, but is unlikely to launch one ahead of other advanced economies. “We’re all waiting for the first western […]
LONDON, July 10 (Reuters) – The remarkable thing about investor reaction to the UK’s new Labour government is how much just a modicum of stability, consistency and competence is being richly applauded. With exposure to British assets at such a low ebb […]
WILMINGTON, Delaware, July 8 (Reuters) – A record $7 billion in attorneys’ fees for three firms that successfully challenged Elon Musk’s $56 billion Tesla pay package provides an incentive for lawyers to hold corporate boards accountable, an attorney for a […]
July 8 (Reuters) – UK’s competition regulator said on Monday it has cleared U.S. medical equipment maker Thermo Fisher Scientific’s (TMO.N), opens new tab $3.1 billion deal to buy Swedish biotech firm Olink Holding AB (OLK.O), opens new tab. […]
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