By Karen Freifeld and David Shepardson WASHINGTON (Reuters) -The U.S. Senate’s top Democrat said on Tuesday he and President Joe Biden’s administration were engaging allies and businesses[...]
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May 23, 2023
GQG raises Adani stake by nearly 10%
(Reuters) -GQG Partners has raised its stake in Gautam Adani’s conglomerate by about 10% and will take part in the group’s future fundraising, the U.S. investment firm said on Tuesday. Alt[...]
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Apple inks multi-billion-dollar deal with Broadcom for U.S.-made chips
By Stephen Nellis (Reuters) -Apple Inc on Tuesday said it has entered a multi-billion-dollar deal with chipmaker Broadcom Inc to use chips made in the United States. Under the multi-year deal, Broadco[...]
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PacWest shares extend gains on $2.6 billion real estate loan sale
By Niket Nishant (Reuters) -PacWest Bancorp’s shares rose nearly 13%, extending gains from the previous session driven mostly by news that the lender would sell $2.6 billion worth of its loan po[...]
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Credit Suisse managers’ 2022 bonuses cancelled or cut by Swiss government
ZURICH (Reuters) – Credit Suisse senior managers will have their outstanding bonus payments for 2022 either cancelled or reduced following an order issued on Tuesday by the Swiss Finance Ministr[...]
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US new home sales, business activity rise to 13-month highs
By Lucia Mutikani WASHINGTON (Reuters) – Sales of new U.S. single-family homes jumped to a 13-month high in April, boosted by a persistent shortage of previously owned houses on the market and a[...]
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Apple to host annual developers’ conference from June 5
(Reuters) – Apple Inc said on Tuesday it would host its annual developers’ conference from June 5 to June 9, where the iPhone maker is expected to unveil its latest software updates. The e[...]
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Analysis-Ford offers investors big bets but finds few takers
By Joseph White DEARBORN, Michigan (Reuters) – Ford Motor Co CEO Jim Farley has yet to convince investors the automaker’s next generation of electric vehicles can hit 2026 profit targets, but he[...]
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Explainer-Debt ceiling standoff: What happens if Washington falls behind on its bills?
By Jason Lange WASHINGTON (Reuters) -The U.S. government could fall behind on its bills next month – and even default on its debt – if Congress doesn’t raise a $31.4 trillion cap on[...]
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