SHANGHAI (Reuters) – Schroders has obtained Chinese regulatory approval to set up a wholly-owned mutual fund unit in China, as…
UBS has no desire to buy Credit Suisse, chairman tells newspaper
ZURICH (Reuters) – UBS has no interest in buying fellow Swiss lender Credit Suisse, the bank’s Chairman Colm Kelleher said…
S&P 500 ends at highest in month, indexes gain for week as earnings kick off
By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 and Nasdaq finished at their highest levels in a month…
U.S. lawmakers call FAA outage ‘unacceptable,’ demand a fix
By David Shepardson WASHINGTON (Reuters) -A group of more than 120 U.S. lawmakers told the Federal Aviation Administration’s (FAA) its…
Tough road ahead for U.S. fintech lenders as default risk rises
By Matt Tracy (Reuters) – U.S. fintech companies that lend to consumers with impaired credit scores face a tough year…
Meme stocks start 2023 on high note, though ride is a bumpy one
By Medha Singh and David Randall (Reuters) -Resurgent risk appetite among some investors is fueling rallies in the shares of…
Stocks rise for sixth straight session, BOJ speculation lifts yen
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks scored its sixth straight session of gains on…
Airbus withdraws from U.S. FAA Boeing safety culture panel
By David Shepardson WASHINGTON (Reuters) – European planemaker Airbus said it had withdrawn from a U.S. government-named panel reviewing Boeing’s…
U.S. business lobby group lambasts FTC over proposed ban on non-compete clauses
(Reuters) – The U.S. Chamber of Commerce criticized on Thursday a proposed rule of the Federal Trade Commission (FTC) that…
Justice Department official cleared to oversee Google probes -source
By David Shepardson WASHINGTON (Reuters) – The Justice Department’s top antitrust official recently won approval from the department to oversee…