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By Nupur Anand NEW YORK (Reuters) - Sung Kook “Bill” Hwang, founder of the $36 billion private investment firm Archegos Capital Management which collapsed spectacularly in 2021, arrived in court on Wednesday for the start of his criminal trial.

By Davide Barbuscia NEW YORK (Reuters) - U.S. bond giant PIMCO said on Wednesday it is increasing its bond exposure in developed markets outside the United States as inflation could complicate the shift of the Federal Reserve to lower interest ...

By Howard Schneider WASHINGTON (Reuters) - U.S. households, banks and firms are largely in solid financial shape, with the means at hand to cover debt payments and with strong enough buffers to absorb potential shocks, Federal Reserve Governor ...

NB Liquor sales continued to climb while the net income dropped for the fourth fiscal quarter between Jan. 1 and March 31. The unaudited draft released on April 30 reported $107 million in total product sales, up three per cent compared with the same ...

(Reuters) - General Motors said Wednesday it will end production of its gasoline-powered Chevrolet Malibu car later this year in order to produce new electric vehicles. GM has sold more than 10 million Malibus since 1964 worldwide and will end ...

By Camillus Eboh ABUJA (Reuters) - Nigerian authorities on Wednesday denied allegations from Binance's CEO of soliciting bribes, saying the claim was a "diversionary tactic" and an "act of blackmail" aimed at undermining ongoing criminal charges ...

(Reuters) - Canadian Utilities said on Wednesday it is developing a C$2 billion ($1.46 billion) natural gas pipeline project in Alberta to transport natural gas to a Dow petrochemicals plant and other industrial facilities. The company, ...

By Mei Mei Chu BEIJING (Reuters) - China has approved the safety of gene-edited wheat for the first time as Beijing cautiously moves forward with commercial growing of genetically modified food crops. China has in the past year ramped up ...

By David Shepardson WASHINGTON (Reuters) - Commerce Secretary Gina Raimondo said Wednesday she expects rules to implement U.S. outbound investment restrictions on China will be completed by the end of the year. President Joe Biden in August ...