By Foo Yun Chee BRUSSELS (Reuters) – German airline Lufthansa has offered concessions aimed at securing EU antitrust approval for its acquisition of a minority stake in Italian carrier ITA Airwa[...]
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April 15, 2024
Broadcom questioned by EU over VMware licensing changes
By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Broadcom is being asked by EU antitrust regulators about changes to newly acquired cloud computing company VMware’s licensing conditions[...]
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Fed’s reverse repo facility plummets to lowest level in nearly three years
By Michael S. Derby NEW YORK (Reuters) -A key Federal Reserve facility that takes in cash from money market funds and others saw inflows drop sharply on Monday. The U.S. central bank’s reverse r[...]
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Citi wealth division’s CIO Bailin to depart after 15 years
By Pritam Biswas and Tatiana Bautzer (Reuters) -Citigroup’s David Bailin, chief investment officer (CIO) at the global wealth division, will leave on May 15 after 15 years at the bank, he said i[...]
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Tesla supplier Piedmont Lithium gets key North Carolina mining permit
By Ernest Scheyder (Reuters) -North Carolina regulators have approved a state mining permit for Tesla supplier Piedmont Lithium to develop one of the largest U.S. sources of the key electric vehicle b[...]
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Trend hedge funds could sell up to $42 billion in US shares, says Goldman
By Carolina Mandl NEW YORK (Reuters) – Trend-following hedge funds could sell between $20 billion and $42 billion in U.S. equities over the next month if the stock market continues to retreat, a[...]
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US stocks tumble as Treasury yields rise, Middle East tensions simmer
By Stephen Culp NEW YORK (Reuters) -Wall Street ended sharply lower on Monday amid rising U.S. Treasury yields as simmering tensions in the Middle East helped curb investor risk appetite. The three ma[...]
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Dollar jumps, yen weakest since 1990 after strong U.S. retail sales
By Karen Brettell NEW YORK (Reuters) -The dollar reached its highest since early November against a basket of currencies on Monday and sent the yen to its lowest level since 1990, after U.S. retail sa[...]
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Oil prices slip after Iran attack, US economic data
By Laila Kearney NEW YORK (Reuters) -Oil prices slipped lower on Monday after Iran’s weekend attack on Israel proved to be less damaging than anticipated, easing concerns of a quickly intensifyi[...]
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