By Laura Sanicola (Reuters) -Oil prices settled lower on Tuesday on fears of higher U.S. supply combined with an economic…
Goldman CEO says reasonable chance of U.S. recession in 2023
By Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) -The United States may tip into a recession next year, but…
Goldman Sachs unveils revamp as profit shrinks
By Saeed Azhar, Niket Nishant and Noor Zainab Hussain NEW YORK (Reuters) -Goldman Sachs Group Inc will reorganize its business…
Lockheed beats estimates on F-35 sales, maintains guidance
By Mike Stone WASHINGTON (Reuters) -U.S. weapons maker Lockheed Martin Corp reported better-than-expected quarterly revenue on Tuesday, helped by higher…
Poland has no ample space to hike rates, central banker Kochalski says
WARSAW (Reuters) – The Polish central bank does not have ample room to increase interest rates amid an expected economic…
Missouri pulls $500 million from BlackRock over asset manager’s ESG push
(Reuters) -Missouri has pulled $500 million out of pension funds managed by BlackRock Inc, state Treasurer Scott Fitzpatrick said on…
Third Point takes stake in Colgate-Palmolive, urges pet food spinoff
By Svea Herbst-Bayliss and Uday Sampath Kumar (Reuters) -Daniel Loeb’s Third Point has built a significant position in toothpaste maker…
Singapore’s GIC says global recession scenario possible, eyes Australia opportunities
By Praveen Menon SYDNEY (Reuters) – Singapore sovereign wealth fund GIC, one of the world’s biggest investors, said it is…
Minneapolis Fed directors wanted 100 bp discount rate hike in September
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Minneapolis board members sought a full percentage point…
Malawi close to sealing $54 million IMF emergency funding for economic shock
By Frank Phiri LILONGWE (Reuters) – International Monetary Fund approval of up to $54 million of emergency funding for Malawi…