By Paritosh Bansal (Reuters) – Credit Suisse Group AG is marketing its First Boston investment banking unit to investors as…
What is Bank of England watching as it considers peak in rates?
By Andy Bruce MANCHESTER, England (Reuters) – The Bank of England has signalled the tide is turning in its battle…
Global airline traffic last year rebounds to over half of pre-pandemic levels
By Joanna Plucinska LONDON (Reuters) -Global airline traffic recovered to 68.5% of pre-pandemic levels last year and surged 64.4% from…
Public Storage makes $11 billion hostile bid for Life Storage
By Krystal Hu, Anirban Sen and Jahnavi Nidumolu (Reuters) – Public Storage, the largest U.S. operator of self-storage properties, on…
Putin approves sale of Mercedes-Benz Russian finance arm
MOSCOW (Reuters) – Russian President Vladimir Putin on Monday approved the sale of Mercedes-Benz’s local financial services division to Russian…
AI startup Cohere in talks to raise funding at $6 billion plus valuation -sources
By Krystal Hu (Reuters) – Cohere, an AI foundation model company that competes with Microsoft-backed OpenAI, is in talks to…
Hedge funds caught in bigger squeeze than 2021 meme stock frenzy – Goldman Sachs note
By Nell Mackenzie and Carolina Mandl LONDON/NEW YORK (Reuters) -Hedge funds betting against stocks globally abandoned those trades last week…
Canada’s Ivey PMI rebounds to 8-month high as employment rises
TORONTO (Reuters) – Canadian economic activity expanded in January at the sharpest pace in eight months as employment climbed and…
Faraday Future shares gain on securing funding to start EV production
(Reuters) -Shares of Faraday Future Intelligent Electric Inc rose about 8% to $1.17 on Monday after the company said it…
Chevron in talks with Algeria for energy exploration deal – WSJ
(Reuters) -Chevron Corp has opened talks with Algeria to allow the U.S. oil firm to undertake energy exploration in the…