By Isla Binnie and Simon Jessop NEW YORK (Reuters) – Major U.S. pension fund CalPERS is seeking a meeting with…
Wall Street posts worst day of 2023 on higher-for-longer rate fears
By David French (Reuters) – Wall Street posted its worst performance of the year on Tuesday, with the main benchmarks…
Japan’s Nikkei seen hitting 30,000 by end of 2023 on economic recovery: Reuters poll
By Junko Fujita TOKYO (Reuters) – Japan’s Nikkei 225 share index will hit the psychological 30,000 level by end-2023 on…
Shipping industry grapples with ways to cut cargo fires at sea
LONDON (Reuters) – Global shipping companies are exploring ways to boost safety in transporting cargoes as risks grow from fires…
CoStar ends talks to buy Move Inc, posts weak profit forecast
(Reuters) -CoStar Group said on Tuesday it was no longer in talks to buy Realtor.com owner Move Inc from News…
McKinsey to cut 2,000 jobs in one of its biggest layoffs – Bloomberg News
(Reuters) -Consulting giant McKinsey & Co is planning to cut about 2,000 jobs, in one of its biggest round of…
BlackRock ‘overweights’ Treasuries, emerging markets stocks
(Reuters) -BlackRock Investment Institute raised U.S. short-term government bonds as well as Chinese and other emerging market stocks to “overweight”…
Biden admin won’t veto ITC’s Apple Watch import ban ruling
By Blake Brittain (Reuters) -The Biden Administration will not overrule a U.S. International Trade Commission decision that could block imports…
Japan manufacturers gloomy as global slowdown hurts – Reuters Tankan
By Tetsushi Kajimoto TOKYO (Reuters) – Big manufacturers in Japan remained gloomy in February and the service-sector mood slid for…
Societe Generale to pay $157 million to resolve Allen Stanford fraud lawsuit
By Jonathan Stempel (Reuters) – Societe Generale SA agreed to pay $157 million to settle a lawsuit accusing the French…