(Reuters) – Pacific Investment Management Co (PIMCO) is preparing for a “harder landing” while top central bank chiefs prepare to continue their campaign of interest rate rises, Dani[...]
Read more
Europe
China urges Netherlands to not abuse export control measures
BEIJING (Reuters) – China has urged the Netherlands to not hinder bilateral cooperation in the semiconductor industry and to not abuse export controls, China’s Ministry of Commerce said in[...]
Read more
Sandoz launches rival version of AbbVie’s arthritis drug Humira
(Reuters) – Swiss drugmaker Sandoz said on Saturday it had launched a biosimilar version of AbbVie Inc’s big selling arthritis treatment Humira, adding to U.S. competition for the drug tha[...]
Read more
Nokia renews patent license agreement with Apple
(Reuters) – Nokia said on Friday it had signed a new long-term patent license agreement with Apple, as the current license between the companies expires at the end of 2023. While terms of the ag[...]
Read more
Yellen sees strong job market, lower inflation, even as US economy cools
By David Lawder (Reuters) -U.S. Treasury Secretary Janet Yellen said on Friday that the U.S. economy is on a path to maintain a strong labor market while reducing inflation, even if the economy cools[...]
Read more
Wall St ends strong quarter with broad rally, dollar dips as inflation cools
By Stephen Culp NEW YORK (Reuters) – Wall Street closed sharply higher and the dollar softened on Friday as investors closed the books on a solid quarter, with data showing progress in the Feder[...]
Read more
Corporate agitators slow down in Q2 but ready to pounce in H2 – Barclays data
By Svea Herbst-Bayliss NEW YORK (Reuters) – Following the busiest quarter on record, activist investors slowed down in the second three months of 2023 but are expected to mount more high-profile[...]
Read more
Spotify considering full-length music videos on app – Bloomberg News
(Reuters) – Spotify Technology is mulling adding full-length music videos to its app, which could help the music streaming platform compete with TikTok and Alphabet Inc’s YouTube, Bloomber[...]
Read more
Dollar softer after PCE, consumer spending data
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar index was lower on Friday following two straight days of gains, after economic data showed a cooling in consumer spending, raising some doubt[...]
Read more