Dollar steady as debt ceiling worries weigh; pound swings after inflation data
(Reuters) – The dollar on Wednesday held just shy of a two-month high as U.S. debt ceiling negotiations dragged on,…
Stocks slide on U.S. debt ceiling and inflation woes
(Reuters) – Stocks lurched downwards on Wednesday as U.S. debt ceiling negotiations dragged on without resolution, stoking a general malaise…
Abbott, other formula makers face FTC investigation for collusion – WSJ
(Reuters) – The U.S. Federal Trade Commission is investigating whether baby-formula makers colluded on bids for attractive state contracts, the…
China’s Lenovo revenue falls for third consecutive quarter as PC demand slumps
(Reuters) – China’s Lenovo Group (OTC:LNVGY) Ltd on Wednesday reported a 24% fall in revenue for the January-March quarter, meeting…
Exclusive-Fast-fashion giant Shein plans Mexico factory – sources
(Reuters) – Online fashion giant Shein is exploring plans to build a factory in Mexico, as one of its manufacturing…
Column-World balance sheet may need AI-style productivity leap: Mike Dolan
(Reuters) – Hype or hope, this year’s boom in artificial intelligence along with other productivity-enhancing tech developments may be one…
HSBC, Citi, Deutsche Bank, Morgan Stanley and RBC traders may have broken competition law, watchdog finds
(Reuters) -Britain’s Competition and Markets Authority said on Wednesday it had provisionally found five major global banks allegedly broke UK…
Oil rises on supply outlook, Saudi speculator warning
(Reuters) – Oil rose on Tuesday supported by optimism the U.S. would avoid a debt default, a tighter market outlook…
Ukraine says Russia prevents Black Sea grain deal port operating
(Reuters) – The Ukrainian port of Pivdennyi has halted operations because Russia is not allowing ships to enter it, in…
Standard Chartered CEO: Credit Suisse sale to UBS was ‘surprising’
(Reuters) – Standard Chartered (OTC:SCBFF) CEO Bill Winters on Tuesday said the sale of Credit Suisse to UBS was “surprising”.…