By Deena Beasley San Francisco (Reuters) – Drugmakers are prioritizing complex biotech medicines over treatments that can be given as…
Wells Fargo misses profit estimate on higher reserves, scandal costs
By Noor Zainab Hussain and Hannah Lang (Reuters) -Wells Fargo & Co on Friday reported a 50% decline in profit…
Rate rises could add $8.6 trillion to global borrowing costs -S&P
By Naomi Rovnick LONDON (Reuters) – Central bank rate rises could land global borrowers with $8.6 trillion in extra debt…
Russian oil in roubles hits lowest since Nov 2020, below budget target
MOSCOW (Reuters) – The price of Russia’s flagship Urals oil in roubles has hit its lowest level since November 2020,…
German economy likely stagnated in Q4, escaping recession for now
By Maria Martinez and Paul Carrel BERLIN (Reuters) -German economic output stagnated in the final quarter of 2022 and grew…
Investors jump into equities and bonds in Goldilocks scenario – BofA
LONDON (Reuters) -Investors poured money into equity and bond funds and moved money out of gold in the week to…
Goldman Sachs’ investment team bullish on equities -report
By Carolina Mandl NEW YORK (Reuters) – Goldman Sachs Investment Strategy Group expects U.S. equities to generate positive returns for…
Boeing 737 MAX makes first passenger flight in China since March 2019
By Sophie Yu and Jamie Freed BEIJING/SYDNEY (Reuters) -A Boeing Co 737 MAX made its first passenger flight in China…
U.S. bond funds saw biggest weekly inflow in 18 months in early Jan
(Reuters) – U.S. bond funds attracted their biggest weekly inflow in 18 months in the seven days to Jan. 4…
ECB tells bankers to get picky with risky clients, including hedge funds
FRANKFURT (Reuters) – Euro zone banks must be more selective with customers that make risky bets on financial markets, such…