By Gilles Guillaume PARIS (Reuters) – Stellantis will ultimately cut about one in five retail outlets in France, the automaker…
BlackRock and M&G defer withdrawals from UK property funds
By Elizabeth Howcroft and Carolyn Cohn LONDON (Reuters) -U.S. fund manager BlackRock and British asset manager M&G are delaying redemptions…
Oil dives 4%, trade choppy on worries about China, global economy
By Arathy Somasekhar HOUSTON (Reuters) – Oil prices tumbled 4% in volatile trade on Tuesday, pressured by weak demand data…
Brazil’s VP says development bank should be strengthened to leverage the economy
BRASILIA (Reuters) – Brazil’s Vice President Geraldo Alckmin said on Wednesday that the state-run development bank BNDES should reduce interest…
Goldman Sachs dealmakers see M&A recovery in second half of 2023
By Saeed Azhar, Lananh Nguyen and Anirban Sen NEW YORK (Reuters) – Goldman Sachs Group Inc’s top dealmakers are bullish…
Global hedge funds plan 2023 around inflation risk
By Carolina Mandl, Nell Mackenzie and Summer Zhen NEW YORK/LONDON/HONG KONG (Reuters) – Having weathered a dire 2022, many global…
Impactive Capital nominates four directors to Envestnet’s board
By Anirban Sen NEW YORK (Reuters) -Impactive Capital has nominated four directors to the board of Envestnet Inc, a U.S.…
Toyota’s 2022 U.S. auto sales down 9.6% on part shortages
(Reuters) – Toyota Motor Corp on Wednesday posted a 9.6% fall in its 2022 U.S. new vehicle sales as a…
U.S. manufacturing sector contracts, prices decline in December-ISM
WASHINGTON (Reuters) – U.S. manufacturing contracted further in December, but weakening demand amid higher borrowing costs pushed a measure of…
Upbeat economic data powers European shares to third day of gains
By Bansari Mayur Kamdar (Reuters) -European shares extended gains on Wednesday as a lower inflation reading from France, the euro…