KKR drops out of Thames Water rescue deal
A Thames Water logo is seen on a sign in London, Britain, February 17, 2025. REUTERS LONDON, June 3 (Reuters) – Thames Water said U.S. private equity firm KKR (KKR.N), had pulled out from a multi-billion pound rescue plan, reigniting fears that Britain’s biggest supplier will need to be nationalised to avoid financial collapse. The […]
Japanese equity funds log sharpest weekly outflows since 2007
A woman walks past an electronic screen displaying stock quotation board in Tokyo, Japan April 15, 2025. REUTERS June 3 (Reuters) – Japanese equity funds logged their largest weekly outflows in nearly 18 years in the week to May 28, as investors either booked profits following a rally fueled by the then-easing U.S.-China trade tensions or turned […]
Global oil refiners see short-term boost from higher margins
A general view shows a local oil refinery during sunset in Omsk, Russia March 16, 2022. REUTERS LONDON, (Reuters) – Refiners across the globe are reaping unexpected profits from producing key fuels in recent weeks, offering an ailing sector respite before an anticipated weakening later this year, as plant closures have tightened fuel supply needed […]
Financials, IT weigh on Indian shares; Adani stocks slip on report of US probe
People walk outside the National Stock Exchange (NSE) in Mumbai, India, October 22, 2024. REUTERS June 3 (Reuters) – Indian shares fell on Tuesday, weighed by financials and IT stocks, while Adani group shares slipped after the Wall Street Journal reported U.S. was probing whether the conglomerate had imported Iranian LPG into India. The Nifty […]
Rupee steady after initial dip; implied volatility softens
A man walks past an installation of the Rupee logo and Indian currency coins outside the Reserve Bank of India (RBI) headquarters in Mumbai, India, April 9, 2025. REUTERS MUMBAI, June 3 (Reuters) – The Indian rupee held steady on Tuesday after a slight dip at open, while implied volatility eased further as traders awaited […]
S&P closes higher on trade hopes, Nvidia lifts Nasdaq
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 30, 2025. REUTERS NEW YORK (Reuters) – The S&P 500 index closed higher on Monday as investors were still optimistic over trade talks between the United States and its trading partners despite President Donald Trump’s latest salvo […]
Paramount Global nominates three board directors as Skydance merger awaits approval
Paramount Global and Skydance logos are seen in this illustration taken December 17, 2024. REUTERS Paramount Global nominated three new directors on Monday, seeking to boost its board strength to seven as it awaits regulatory approval for its $8.4 billion merger with Skydance Media. Paramount nominated Mary Boies, counsel to Boies Schiller Flexner LLP, Charles […]
Australia central bank says higher US tariffs a drag on global economy
A businessman walks past the headquarters of Australia’s Reserve Bank in Sydney, November 3, 2015. REUTERS SYDNEY, June 3 (Reuters) – Australia’s central bank said on Tuesday that higher U.S. tariffs would drag on the global economy and put near-term downward pressures on prices of traded goods, though the exact impact is hard to assess given the […]
New UnitedHealth CEO vows to restore shareholder trust
UnitedHealth Group’s headquarters building is seen in Minnetonka, Minnesota, U.S. in this handout picture taken in 2019. UnitedHealth Group/Handout via REUTERS The corporate logo of the UnitedHealth Group appears on the side of one of their office buildings in Santa Ana, California, U.S., April 13, 2020. REUTERS/Mike Blake/File Photo Purchase Licensing RightsNEW YORK, June […]
Retailer Temu’s daily US users halve following end of ‘de minimis’ loophole
Temu logo is seen in front of displayed U.S. flag in this illustration taken, Bosnia and Herzegovina May 4, 2025. REUTERS SHANGHAI/NEW YORK, (Reuters) – Daily U.S. users of PDD Holdings’ (PDD.O), global discount e-commerce platform Temu fell by 58% in May, according to market intelligence firm Sensor Tower, one of many headwinds the […]