By Rae Wee and Daiki Iga SINGAPORE/TOKYO (Reuters) – Japan’s gargantuan life insurers appear capable of weathering paper losses in domestic bond holdings triggered by this week’s sur[...]
Read more
December 21, 2022
AMC abandons talks to acquire bankrupt Cineworld’s theaters
(Reuters) -Cinema chain AMC Entertainment Holdings said on Wednesday it was no longer in talks to acquire some theaters owned by now bankrupt Cineworld Group following initial discussions with some le[...]
Read more
Analysis-Investors count on bonds to rescue battered 60/40 portfolio in 2023
By David Randall NEW YORK (Reuters) – Proponents of the so-called 60-40 portfolio are betting the strategy may soften the blow of a possible U.S. recession next year, though its much-touted dive[...]
Read more
Russian mobile calls, internet seen deteriorating after Nokia, Ericsson leave
By Supantha Mukherjee and Alexander Marrow STOCKHOLM/MOSCOW (Reuters) -When telecoms gear makers Nokia and Ericsson leave Russia at the end of the year, their departure could steadily cripple the coun[...]
Read more
Hybrid wheat hitting U.S. fields as war, climate threaten global food supplies
By Tom Polansek and Julie Ingwersen CHICAGO (Reuters) – Global seed maker Syngenta will release a new type of wheat developed with complex cross-breeding techniques in the United States next yea[...]
Read more
Tesla to freeze hiring, lay off employees next quarter – Electrek
(Reuters) -Another wave of layoffs are coming at electric-car maker Tesla Inc in the next quarter, news website Electrek reported on Wednesday, citing a source familiar with the matter. Tesla is also[...]
Read more
Fortum concludes sale of Uniper to German government
HELSINKI (Reuters) – Finland’s Fortum said on Wednesday it had concluded the sale of its stake in utility Uniper to the German State. The German government in late September agreed to take[...]
Read more
Nike shares surge as inventory challenges start to abate, demand stays strong
(Reuters) -Nike Inc’s shares soared nearly 15% on Wednesday as investors shrugged off margin pressure at the sportswear giant and focused on the company’s efforts to fix its inventory prob[...]
Read more
U.S. current account deficit shrinks in third quarter
WASHINGTON (Reuters) – The U.S. current account deficit narrowed sharply in the third quarter as exports jumped to a record high, data showed on Wednesday. The Commerce Department said that the[...]
Read more