Featured Reuters
PIMCO adds bond exposure outside the US on inflation risks
By Davide Barbuscia NEW YORK (Reuters) - U.S. bond giant PIMCO said on Wednesday it is increasing its bond exposure in developed markets outside the United States as inflation could complicate the shift of the Federal Reserve to lower interest ...
Fed's Cook says households, banks, firms largely in solid financial shape
By Howard Schneider WASHINGTON (Reuters) - U.S. households, banks and firms are largely in solid financial shape, with the means at hand to cover debt payments and with strong enough buffers to absorb potential shocks, Federal Reserve Governor ...
GM to end production of Chevy Malibu as it shifts to EVs
By David Shepardson (Reuters) -General Motors said Wednesday it will end production of its gasoline-powered Chevrolet Malibu car later this year in order to produce new electric vehicles. GM has sold more than 10 million Malibus since 1964 worldwide ...
Nigeria rejects Binance CEO's bribery claim as 'diversionary tactic'
By Camillus Eboh ABUJA (Reuters) - Nigerian authorities on Wednesday denied allegations from Binance's CEO of soliciting bribes, saying the claim was a "diversionary tactic" and an "act of blackmail" aimed at undermining ongoing criminal charges ...
Canadian Utilities plans C$2 billion Alberta natural gas pipeline
(Reuters) - Canadian Utilities said on Wednesday it is developing a C$2 billion ($1.46 billion) natural gas pipeline project in Alberta to transport natural gas to a Dow petrochemicals plant and other industrial facilities. The company, ...
China approves first gene-edited wheat in step to open up GM tech to food crops
By Mei Mei Chu BEIJING (Reuters) - China has approved the safety of gene-edited wheat for the first time as Beijing cautiously moves forward with commercial growing of genetically modified food crops. China has in the past year ramped up ...
China outbound investment rule to be completed by end of year -- US official
By David Shepardson WASHINGTON (Reuters) - Commerce Secretary Gina Raimondo said Wednesday she expects rules to implement U.S. outbound investment restrictions on China will be completed by the end of the year. President Joe Biden in August ...
NYCB stock cheapest among US lenders with over $3 billion in assets, S&P Global says
(Reuters) - New York Community Bancorp was the cheapest U.S. bank stock among lenders with more than $3 billion in assets for the second straight month, an analysis by S&P Global Market Intelligence showed on Wednesday. The evaluation based ...
Tripadvisor stock sinks as panel rules out sale for now
(Reuters) - Tripadvisor shares slumped 38% and were on track for their worst day ever on Wednesday, after the online travel agency ruled out a possible sale at this time and posted a surprise quarterly loss. Tripadvisor first disclosed in ...
US official says Chinese seizure of TSMC in Taiwan would be 'absolutely devastating'
By David Shepardson WASHINGTON (Reuters) -U.S. Commerce Secretary Gina Raimondo said Wednesday a Chinese invasion of Taiwan and seizure of chips producer TSMC would be "absolutely devastating" to the American economy. Asked at a U.S. House hearing ...
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