EU antitrust regulators raid auto companies, associations in several EU countries
BRUSSELS (Reuters) - EU antitrust regulators on Tuesday raided several companies and associations in the automotive industry in several EU countries, saying that they may have breached the bloc's
China updates risk management rules for insurance groups
BEIJING (Reuters) - China's banking and insurance regulator on Tuesday issued new rules governing the risk management of insurance groups, which will step up supervision, limit holdings of non-core
Tightening financial conditions sound alarm for world economy
By Yoruk Bahceli (Reuters) - Global financial conditions, perceived as strongly correlated with future growth, are at the tightest in two years, driven by soaring energy prices, sliding stocks and the
Reddit taps Morgan Stanley, Goldman Sachs for IPO – Bloomberg News
(Reuters) - Social media platform Reddit Inc, whose message boards became central to meme stock trading frenzy in 2021, is tapping Wall Street banks Morgan Stanley and Goldman Sachs Group for its
KKR earnings more than double on strong transaction fees, asset sales
By Chibuike Oguh (Reuters) - Private equity firm KKR & Co Inc said on Tuesday its after-tax distributable earnings more than doubled in the second quarter, driven by a sharp rise in income from
U.S. says antitrust suit challenging air alliance should advance
By David Shepardson WASHINGTON (Reuters) - The Justice Department said on Monday a judge should reject a bid by American Airlines and JetBlue Airways Corp to dismiss an antitrust lawsuit over their "
Analysis-Investors look to near $2 trillion corporate cash hoard to buoy stocks
By Lewis Krauskopf NEW YORK (Reuters) - Investors are looking to a mounting pile of cash at U.S. companies to provide support for the stock market in coming months, as executives announce plans to
Honda raises annual profit forecast after beating quarterly view
TOKYO (Reuters) – Japan’s Honda Motor Co raised the outlook for its full-year operating profit on Wednesday thanks to weaker yen, but warned against over-optimism...
Anthem raises 2021 profit forecast after Q3 beat
(Reuters) - Anthem Inc on Wednesday raised its profit outlook for 2021 after the second-largest health U.S. insurer beat third-quarter profit estimates.
Musk says high production, breakeven cash flow ‘true test’ for Rivian
(Reuters) - Tesla Inc boss Elon Musk said on Thursday high production and breakeven cash flow would be the "true test" for Rivian Automotive Inc, a day after the electric vehicle maker's blockbuster