By Jan Strupczewski KIRUNA, Sweden (Reuters) – The European Union needs financing tools to help its clean tech compete against U.S. rivals that are set to benefit from government support under the U.S. Inflation Reduction Act (IRA), the head of the European Commission said on Friday. Ursula von der Leyen stopped short of calling for …
EU must support clean tech to compete with U.S. -Commission head Read More »
By Manya Saini and Lananh Nguyen (Reuters) -Bank of America Corp reported a bigger-than-expected fourth-quarter profit on Friday, helped by a surge in net interest income as the U.S. Federal Reserve raised rates through most of last year. The ‘higher-for-longer’ rate environment to battle decades-high inflation has underpinned profits at consumer banks, with analysts expecting …
Bank of America profit tops estimates as higher rates boost income Read More »
Por Chuck Mikolajczak NUEVA YORK, 13 ene (Reuters) -Un índice de acciones mundiales avanzaba el viernes por sexta sesión consecutiva, mientras los inversores evaluaban el inicio de la temporada de resultados en Estados Unidos. El yen, por su parte, alcanzaba máximos de siete meses, ante la posibilidad de que el Banco de Japón modifique su …
By Krystal Hu (Reuters) -Sequoia Capital has lowered management fees in its two recently-launched venture funds as it braces for a slower investment environment, partner Alfred Lin said on Thursday. The changes in fee structure, communicated to investors in December, allow limited partners (LPs) who committed capital to Sequoia’s crypto and ecosystem funds launched early …
Sequoia Capital cuts fees for new funds amid VC slowdown Read More »
By Leroy Leo and Khushi Mandowara (Reuters) – UnitedHealth Group Inc said on Friday the so-called “tripledemic” of respiratory diseases in the winter had not substantially driven up medical costs at its health insurance business in the fourth quarter. Medical costs of the industry bellwether, the first health insurer to report its fourth-quarter earnings, were …
UnitedHealth brushes off hit from ‘tripledemic’ of respiratory diseases Read More »
By Shashwat Chauhan and Johann M Cherian (Reuters) -UK’s FTSE 100 closed at its highest since May 2018 on Friday, with AstraZeneca among the top gainers, while investors were relieved by how the domestic economy performed in November. The blue chip FTSE 100 closed 0.6% higher, recording its second straight week of gains. In November, …
UK FTSE 100 at highest since May 2018, boosted by economic data Read More »
By Maayan Lubell JERUSALEM (Reuters) – Israeli Prime Benjamin Netanyahu defended on Friday a proposed shakeup of the judiciary but also indicated changes could be made to draft legislation that critics say would damage democracy and the independence of courts. The 73-year-old political veteran, who is on trial for corruption charges that he denies, returned …
Israel’s Netanyahu defends plan to rein in judiciary Read More »
LONDON (Reuters) – Global banks are in the process of cutting over 6,000 jobs as profits at lucrative investment banking units come under pressure from volatility in capital markets and fast-rising interest rates, according to a Reuters tally of reported cuts. Rapidly deteriorating economic conditions have also prompted lenders to build rainy-day funds to brace …
Factbox-Global banks cut jobs as cost pressures mount Read More »
By Nidhi Verma NEW DELHI (Reuters) – India has capped trading margins on the resale of gas produced from deepwater blocks, according to a government order issued on Friday, to cut profiteering by traders and bring down prices. The federal government fixes the ceiling price of gas produced from the deepwater fields as the nation …
India caps trading margin on resale of gas from deep sea fields Read More »
By Jonathan Stempel NEW YORK (Reuters) – The U.S. Department of Justice forcefully rejected Bill Hwang’s claim that it sandbagged him by concealing its plan to charge him with fraud over the collapse of his $36 billion Archegos Capital Management LP. In a Thursday night filing in Manhattan federal court, prosecutors said there was no …
U.S. rejects Bill Hwang’s sandbagging claim in Archegos prosecution Read More »
