By Emilio Parodi MILAN (Reuters) – An Italian court placed under judicial administration a company owned by Italian fashion group Armani accused of indirectly subcontracting production to Chines[...]
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April 5, 2024
PIMCO trims 2024 Fed rate cut expectations to 2 after jobs report
By Davide Barbuscia NEW YORK (Reuters) – U.S. bond giant PIMCO has trimmed its expectations for interest rate cuts by the Federal Reserve this year to two after data on Friday showing the U.S. e[...]
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J&J boosts heart device business in $13.1 billion Shockwave deal
By Bhanvi Satija and Sriparna Roy (Reuters) -Johnson & Johnson on Friday agreed to buy Shockwave Medical in a deal valued at $13.1 billion including debt, as it builds its cardiac-health-centric m[...]
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Tesla scraps low-cost car plans amid fierce Chinese EV competition
(Reuters) -Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matt[...]
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Fed’s Bowman says time hasn’t arrived for cutting rates
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Governor Michelle Bowman said it’s not time for the U.S. central bank to consider cutting its interest rate target and noted that more hi[...]
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Allianz sells US mid-size corporate insurance unit to Arch Capital
BERLIN (Reuters) -Allianz agreed to sell Fireman’s Fund, its U.S. insurance unit for mid-sized corporations and entertainment industry clients, to Bermuda-based Arch Insurance for $450 million i[...]
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Fed’s Logan says ‘much too soon’ to think about interest rate cuts
By Michael S. Derby NEW YORK (Reuters) -Dallas Federal Reserve President Lorie Logan said on Friday that an inflation landscape increasingly beset by upside risks argues against any imminent push towa[...]
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Tesla’s bumpy ride, captured in five charts
(Reuters) – Tesla’s reported move to scrap plans for a low-cost car marks the latest disappointment for investors who have dumped shares of the automaker this year on worries over slowing[...]
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Volkswagen EVs ‘can’t keep up’ in China, CEO tells newspaper
BERLIN (Reuters) – Volkswagen wants to avoid setting “utopian” goals for its market share in China, its CEO told German newspaper FAZ on Friday, adding that anything above 10% was[...]
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