U.S. consumers and businesses alike have turned cautious about spending this year because of elevated inflation and interest rates, according to Bank of America CEO Brian Moynihan. Whether it’s households or small- to medium-sized businesses, Bank of America clients are slowing down the…
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Five years ago, Nvidia CEO Jensen Huang owned a stake in his chipmaker worth roughly $3 billion. After Thursday’s rally, which pushed the stock to a record, his holdings now stand at more than $90 billion. Nvidia late Wednesday reported first-quarter earnings that topped…
Read moreLONDON, May 31 (Reuters) – Global investors poured $3.6 billion into investment grade corporate bond funds in the week to Wednesday, Bank of America said on Friday, in the 31st straight week of inflows, the longest streak since 2019. A…
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May 30 (Reuters) – Commercial landlord British Land (BLND.L), opens new tab has outperformed the broader UK property market, thanks to its strategy of adding more out-of-town retail parks to its portfolio that has allowed it to weather beaten-down building values in…
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Opportunities abound in China’s stock markets, the world’s second biggest, where valuations are attractive after a long period of underperformance, a senior official at Zurich-based EFG Asset Management said after his fund raised its exposure to Chinese shares. In recent…
Read moreShares of SK Inc., one of South Korea’s biggest conglomerates, surged as much as 16% on Thursday after a court reportedly ordered the company’s chairman to pay $1 billion to his wife in a divorce lawsuit. Chey Tae-won was told…
Read moreDUBAI, May 30 (Reuters) – At an industry event in Riyadh two years ago, the Saudi energy minister paused at about 9 p.m. in front of some 1,000 people and told them it was bedtime for Amin Nasser, the chief…
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May 29 (Reuters) – The consolidation wave in the U.S. energy sector that triggered $250 billion worth of deals in 2023 has stretched into this year, as companies look for opportunities to deploy their cash hoard and boost their reserves.…
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May 29 (Reuters) – Aethon Energy said on Wednesday it would buy Tellurian’s (TELL.A), opens new tab upstream assets for $260 million and signed a deal that could allow the investment firm to purchase two million tons per annum of liquefied natural…
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MOSCOW, May 29 (Reuters) – HSBC (HSBA.L), opens new tab has transferred ownership of its Russian unit to Expobank for an undisclosed fee, the two lenders said on Wednesday, ending around two years of negotiations and uncertainty. HSBC’s exit from Russia has…
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