By Svea Herbst-Bayliss BOSTON (Reuters) – Hedge funds pulled in $9.1 billion in new money during the first three months of 2023, data showed on Friday, after last year’s hefty outflows as pension funds and other investors navigated a banking crisis and faced fresh fears of an economic downturn. It was the first quarterly inflow …
Recession-wary investors pour $9.1 billion into hedge funds in first quarter Read More »
By Valerie Insinna and Brenda Goh WASHINGTON/SHANGHAI (Reuters) -China’s aviation regulator has published a report that Boeing views as a key step for the U.S. planemaker to resume deliveries of its 737 MAX to Chinese airlines more than four years after they were halted following two deadly crashes. Boeing has more than 130 completed MAX …
China issues report that Boeing sees as key to restart 737 MAX deliveries Read More »
BENGALURU (Reuters) – Maruti Suzuki India Ltd, the country’s largest carmaker, said on Friday it would recall 7,213 units of its Baleno RS hatchback over a possible defect in vacuum pump that assists its brake function. “The affected vehicle may require increased effort in brake pedal application,” the company said in a release, adding that …
India’s Maruti Suzuki to recall 7,213 Baleno RS hatchbacks to fix brake part defect Read More »
By Maytaal Angel LONDON (Reuters) – Britain on Friday signed a key global coffee sector agreement aimed at tackling some of the industry’s most pressing issues, including making coffee growing and coffee consumption more sustainable. Food and farming minister Mark Spencer signed the ‘International Coffee Agreement (ICA) 2022’, the Environment, Food and Rural Affairs Department …
Britain signs global coffee agreement in bid to boost industry Read More »
JOHANNESBURG (Reuters) – The South African rand weakened on Friday, as rising expectations that the U.S. Federal Reserve will raise interest rates by 25 basis points (bps) in May lent support to the dollar. At 1513 GMT, the rand traded at 18.0800 against the dollar, down 0.33% from its previous close. The dollar was marginally …
South African rand weaker as Fed rate bets support dollar Read More »
JOHANNESBURG (Reuters) – Labour unions rejected a 3.75% pay rise offer from South Africa’s power utility Eskom as it is below the rate of inflation, union representatives said on Friday. Unions are demanding a 15% increase in wages at Eskom, which is implementing rolling blackouts of about 10 hours a day as it struggles to …
South African labour unions reject Eskom pay offer Read More »
(Reuters) – Alphabet Inc’s Google said on Friday it will update Bard, its generative artificial intelligence (AI) chatbot, to help people write code to develop software, as the tech giant plays catch-up in a fast-moving race on AI technology. Last month, the company started the public release of Bard to gain ground on Microsoft Corp. The …
(Reuters) – BlackRock Inc Chief Executive Officer Larry Fink sold nearly 7% of his stake in the asset management giant, netting proceeds of about $25 million. The sale was disclosed in a filing with the U.S. Securities and Exchange Commission on Thursday. Last week, the New York-based company reported an 18% drop in its first-quarter …
By Jamie McGeever ORLANDO, Florida (Reuters) – Even though it may surprise some that it’s positive at all, the risk premium on equity over bonds has hit historic lows – a key driver of the recent dash for fixed income. Wall Street has successfully fended off the continued rise in U.S. interest rates and drum …
Column-Evaporating equity risk premium herds funds to bonds: McGeever Read More »
(Reuters) -U.S. Federal Reserve is considering ending an exemption that has allowed certain midsize banks to conceal losses on securities they hold, the Wall Street Journal reported on Friday, signaling a retightening of bank oversight is in the cards following last month’s failures of Silicon Valley Bank and Signature Bank. If approved, the move spearheaded …
U.S. Fed may reverse rules that masked losses on SVB’s securities – WSJ Read More »
