By Carolina Mandl (Reuters) -Billionaire Bill Ackman’s hedge fund Pershing Square Capital Management is finalizing a roughly $1-billion funding round with institutional investors and family offi[...]
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May 31, 2024
Investor flows into corporate bonds on longest streak since 2019, says BofA
By Harry Robertson LONDON (Reuters) – Global investors poured $3.6 billion into investment grade corporate bond funds in the week to Wednesday, Bank of America said on Friday, in the 31st straig[...]
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US equity funds hit by outflows on rising yields, rates uncertainty
(Reuters) – U.S. equity funds saw outflows for the first time four weeks in the seven days ended May 29, hit by rising bond yields and uncertainty over the timing and extent of Federal Reserve i[...]
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Canada June rate cut bets rise after first-quarter GDP miss
By Promit Mukherjee and Ismail Shakil OTTAWA (Reuters) -The Canadian economy expanded at a slower-than-expected pace in the first quarter, data showed on Friday, boosting expectations for the first in[...]
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Nissan paid ex-operations chief $3.7 million over departure
YOKOHAMA, Japan (Reuters) – Nissan Motor paid former Chief Operating Officer Ashwani Gupta $3.7 million in compensation following his sudden departure last year, the Japanese automaker disclosed[...]
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UBS reaches milestone in Credit Suisse absorption as parent companies merge
ZURICH (Reuters) – UBS on Friday completed the merger of the main parent companies of the Swiss bank and Credit Suisse, which it acquired last year after its longtime rival collapsed, putting an[...]
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Dell shares slump as heavy AI investments expected to dent margin
(Reuters) -Dell Technologies shares tumbled about 18% on Friday, as the PC and server maker expects sizeable AI investments to dent its quarterly profit. Dell is on track to lose more than $21 billion[...]
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How Credit Suisse evolved until its merger with UBS
ZURICH (Reuters) – Following is a timeline outlining the 168-year history of Credit Suisse Group, the Zurich-based bank that was formally absorbed on Friday by Swiss rival UBS after a 3 billion[...]
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April PCE inflation not too hot, or cool
(Reuters) – U.S. inflation tracked sideways in April, a worrying sign for the U.S. central bank that suggests the elevated pace of price increases could last longer than expected and casts doubt[...]
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