By Marie Mannes OSLO (Reuters) -Sweden’s Transport Agency said on Friday it is investigating suspension failures in Tesla cars in a probe similar to that carried out by neighbouring Norway[...]
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December 22, 2023
Bristol Myers to buy schizophrenia drugmaker Karuna Therapeutics for $14 billion
By Michael Erman and Manas Mishra (Reuters) -Bristol Myers Squibb on Friday agreed to buy Karuna Therapeutics for $14 billion, gaining a promising new type of antipsychotic medicine to help power grow[...]
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US new home sales fall to one-year low in November
WASHINGTON (Reuters) – Sales of new U.S. single-family homes dropped to a one-year low in November, but the unexpected decline is probably temporary amid a chronic shortage of previously owned h[...]
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Angola’s OPEC exit opens way for more Chinese investment
By Joe Cash BEIJING (Reuters) – Angola’s decision to leave the Organization of the Petroleum Exporting Countries could open the way for Beijing to increase investment in the country’[...]
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Shipping firms impose extra fees as Red Sea attacks hit global trade
By Terje Solsvik and Gus Trompiz OSLO/PARIS (Reuters) -Some of the world’s largest shipping firms, including Maersk and CMA CGM, will impose extra charges after they re-routed ships in response[...]
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Bond investors may be betting too aggressively on 2024 rate cuts, says BlackRock
By Davide Barbuscia NEW YORK (Reuters) – A year-end rally in U.S. government bonds has potentially limited further gains in some Treasury maturities, said Rick Rieder, chief investment officer o[...]
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Ships rerouted by Red Sea crisis face overwhelmed African ports
By Wendell Roelf CAPE TOWN (Reuters) – Shipping companies sailing around the Cape of Good Hope to avoid Houthi attacks on the Red Sea face tough choices over where to refuel and restock, as Afri[...]
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Slower Nov inflation bolsters case for early Fed pivot
NEW YORK (Reuters) – Annual U.S. inflation slowed further below 3% in November and underlying price pressures continued to abate, which could cement financial market expectations for an interest[...]
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US durable goods orders surge in November on aircraft
WASHINGTON (Reuters) – Orders for long-lasting U.S. manufactured goods surged in November, boosted by aircraft bookings, but business spending on equipment appeared lackluster amid higher borrow[...]
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