WASHINGTON (Reuters) – New orders for key U.S.-manufactured capital goods unexpectedly rebounded in April, raising cautious optimism that business spending on equipment could recover in the seco[...]
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May 26, 2023
Pinduoduo owner PDD rides discount wave to beat revenue estimates
By Chavi Mehta and Casey Hall (Reuters) – PDD Holdings Inc beat analysts’ estimates for first-quarter revenue on Friday as more price conscious customers turned to its discount e-commerce[...]
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Tipster on Ericsson won SEC’s largest ever whistleblower award of $279 million -WSJ
(Reuters) -The record $279 million whistleblower award issued by the U.S. Securities and Exchange Commission earlier this month stemmed from a bribery case against Swedish telecommunications company E[...]
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China steel prices hit three-year low on demand woes
(Fixes related content links) BEIJING (Reuters) -Steel rebar prices in China hit their lowest in three years this week, underscoring flagging growth in the world’s second-largest economy, partic[...]
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Renault CEO says Euro 7 regulation distracting industry from electrification
MILAN (Reuters) – Renault’s chief executive said on Friday the European Union’s proposed Euro 7 emissions rules for vehicles would distract the auto industry from its path to electri[...]
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U.S. Treasury’s Adeyemo sees no ability to ‘triage’ payments without debt limit hike
WASHINGTON (Reuters) – Deputy U.S. Treasury Secretary Wally Adeyemo said on Friday that the U.S. government does not have the capability to “triage” payment priorities if the debt ce[...]
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Embraer exec sees no sales hit from Pratt & Whitney engine woes
LISBON (Reuters) – The head of Brazilian Embraer’s planemaking division dismissed concerns that problems at engine supplier Pratt & Whitney would discourage airlines from placing order[...]
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Lazard names Orszag as CEO, Jacobs to become executive chairman
By Lananh Nguyen NEW YORK (Reuters) – Lazard Ltd said Peter Orszag, a banker and former White House official, will take the helm as its chief executive officer on Oct. 1, when Kenneth Jacobs ste[...]
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Factbox – Key ECB policymaker comments in run up to June policy meeting
(Reuters) – The following are comments from key European Central Bank policymakers in the run up to the June 15 policy meeting. The ECB has already said that “more ground” needs to b[...]
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