By Marc Jones LONDON (Reuters) – The derivatives industry body, the International Association of Swaps and Derivatives Association (ISDA), has backed Credit Default Swaps amid concerns about the[...]
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March 30, 2023
China seeks to woo foreign firms as tensions with West swirl
By Joe Cash and Shuyan Wang BOAO, China (Reuters) -Chinese Premier Li Qiang said on Thursday that he was committed to opening up and reforming the world’s second-largest economy, seeking to win[...]
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Chinese developer Country Garden retreats from smaller cities
By Clare Jim HONG KONG (Reuters) -China’s top property developer Country Garden Holdings said it would reduce its presence in smaller cities and suspend side businesses other than contract const[...]
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Ford in $4.5 billion deal for EV battery materials plant
SOROWAKO, Indonesia (Reuters) – U.S. carmaker Ford has joined PT Vale Indonesia and China’s Zhejiang Huayou Cobalt’s as their new partner in a $4.5 billion nickel processing plant in[...]
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Apollo assures investors deposit flight won’t spill over to Athene
By Chibuike Oguh (Reuters) – Apollo Global Management Inc has been telling investors and analysts in the last few days that its reinsurance business Athene does not face the risk of a run on its[...]
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Shares in fashion retailer H&M jump after Q1 profit surprise
By Marie Mannes and Helen Reid STOCKHOLM (Reuters) – Shares in H&M jumped 15% to a 10-month high after the fashion retailer reported a surprise operating profit for its first quarter due to[...]
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Explainer-What are credit default swaps and why are they causing trouble for Europe’s banks?
By Amanda Cooper LONDON (Reuters) – Turbulence in Europe’s banks following the implosion of 167-year-old Credit Suisse and runs on regional banks in the U.S. has focused attention on the r[...]
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Marketmind-World markets leaving March like a lamb
A look at the day ahead in U.S. and global markets from Mike Dolan In like a lion, out like a lamb. Farmers’ almanacs suggest a stormy and turbulent start to March means it’s likely to end[...]
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‘FIFA’ publisher EA to cut 6% of workforce, reduce office space
(This March 29 story has been corrected to say ‘latest major videogame publisher’ instead of first in paragraph 1) (Reuters) – Electronic Arts Inc said on Wednesday it would lay off[...]
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