By Michael S. Derby NEW YORK (Reuters) – Americans’ ability to meet a large unexpected expense was little changed in the New York Federal Reserve’s latest survey on credit issues, ev[...]
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Economy
BlackRock increases overweight on investment grade credit
NEW YORK (Reuters) – Asset manager BlackRock said on Monday it had increased its strategic overweight on investment grade credit due to attractive valuations and the income potential coming from[...]
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Factbox-Aircraft lessors sue insurers for $6.5 billion over trapped Russian planes
LONDON (Reuters) – Aircraft leasing firms are suing dozens of insurers for around $6.5 billion in a string of lawsuits over the loss of hundreds of aircraft stuck in Russia since Moscow’s[...]
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Nestle’s Nespresso to sell paper-based compostable coffee pods
ZURICH (Reuters) – Nestle’s Nespresso coffee business is launching paper-based compostable capsules to attract customers put off by the Swiss packaged food giant’s metal ones, which[...]
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Merck KGaA in push to become twice as productive in drug development
FRANKFURT (Reuters) – Germany’s Merck KGaA on Monday said it aims to double the productivity of its research and development into oncology, neurology and immunology treatments. As part of[...]
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Deutsche Bank sees U.S. leveraged loan defaults near record highs in 2024
By Chiara Elisei (Reuters) -Default rates on U.S. leveraged loans will hit a near-record high of 11.3% in 2024, while defaults on euro leveraged loans will hit 7.1%, as the global economic outlook det[...]
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Macron hosts European CEOs to counter US move temptation
PARIS (Reuters) – French President Emmanuel Macron on Monday will host a dinner with a number of European chief executives to convince them not to move production to the United States, where low[...]
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Marketmind: Bucking the trend
A look at the day ahead in U.S. and global markets from Mike Dolan. With an anxious look at China’s worsening COVID surge, the U.S. dollar appears revitalized just as speculators turn against it[...]
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American Airlines, JetBlue alliance will harm travelers, U.S. argues
By David Shepardson (Reuters) – Lawyers for the U.S. Justice Department said American Airlines Group’s alliance with JetBlue Airways Corp would harm travelers while the airlines pushed bac[...]
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