Business
Albemarle, Cummins receive tax credits under Biden's clean energy drive
(Reuters) - Albemarle, Cummins and Siemens Energy are some companies that received tax credit under a section of the Inflation Reduction Act (IRA), according to details released on Friday by the U.S. Department of Energy (DOE). Thirty five ...
IMF urges Bank of Japan to tread cautiously in raising interest rates
By Leika Kihara WASHINGTON (Reuters) - The Bank of Japan (BOJ) must tread cautiously in raising interest rates, as some indicators of inflation expectations remain short of its 2% target, the International Monetary Fund's Japan mission chief Nada ...
Short sellers recoup losses as rally in US stocks loses steam
By Shristi Achar A (Reuters) - Short sellers have been raking it in over the last 30 days as receding bets of an early interest rate cut by the U.S. Federal Reserve triggered a selloff in the equity market. Traders have made a mark-to-market ...
Alstom sells North American conventional signalling business for around $670 million
(Reuters) - French train manufacturer Alstom has agreed to sell its North American conventional rail signalling business to German rail systems manufacturer Knorr-Bremse AG for around 630 million euros ($671 million), it said on Friday. The ...
Wall Street 'fear gauge' flashes as volatility dogs US stocks
By Saqib Iqbal Ahmed NEW YORK (Reuters) - A cocktail of interest rate anxiety and geopolitical tensions is keeping U.S. stock investors defensive and driving Wall Street’s most closely watched volatility gauge to its highest level in half a year.
Analysis-Ample oil supplies limit impact of MidEast flare-up on prices
By Robert Harvey and Natalie Grover LONDON (Reuters) - Plentiful supplies of some of the biggest crude grades are limiting the impact on benchmark oil futures prices of conflict in the Middle East, according to analysts and traders. Brent crude ...
Apple's offer to open up tap-and-go tech to be approved by EU next month, sources say
By Foo Yun Chee BRUSSELS (Reuters) - Apple's offer to open its tap-and-go mobile payments system to rivals is set to be approved by EU antitrust regulators as soon as next month after it tweaked some of the terms, people familiar with the matter ...
Trump media shares gain as it alerts Nasdaq of 'potential market manipulation'
(Reuters) - Shares of Donald Trump's media and technology company were up more than 3% on Friday after it asked the Nasdaq exchange to help prevent "naked" short-selling in its shares. Trump Media & Technology Group has alerted the CEO of ...
Hedge funds turn bearish in April, Goldman says
By Nell Mackenzie LONDON (Reuters) - Hedge funds globally have turned the most bearish they've been on equities this year, a Goldman Sachs note said, as sticky inflation and renewed geopolitical concern have dragged stock markets lower. They ...
Column-Powell's 'restrictive' emphasis maximizes Fed flexibility: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) - Central bankers choose their words carefully, so recent comments from the Federal Reserve's two most senior policymakers that U.S. monetary policy could stay "restrictive" rather than "higher" for ...