(Reuters) -Federal Reserve Governor Michelle Bowman on Tuesday said she continues to anticipate that the U.S. central bank will deliver interest rate cuts at its final two policy meetings of 2025. “I continue to see two more cuts before the end of this year,” Bowman said at an event in Washington. The Fed last month …
Fed’s Bowman expects two more interest rate cuts this year Read More »
By Prakhar Srivastava and Anirban Sen NEW YORK (Reuters) -Asset manager BlackRock on Tuesday played down concerns of broader credit market stress after the bankruptcies of auto parts supplier First Brands and lender Tricolor Holdings, saying the overall credit quality of borrowers was “generally strong.” On a post-earnings conference call with analysts, BlackRock’s finance chief …
SAO PAULO (Reuters) -Brazilian planemaker Embraer closed a deal to sell 20 of its E195-E2 commercial unit to leasing and management firm TrueNoord, in a deal valued at $1.8 billion, the companies said Tuesday. The deal includes purchase rights to potentially acquire 30 additional jets, which would be 20 E195-E2 units and 10 E175-E1 units, …
Brazil’s Embraer will sell 20 commercial jets to TrueNoord Read More »
By Kamal Choudhury (Reuters) -U.S. biotech firm Nabla Bio said on Tuesday it has signed a second major research partnership with Japanese drugmaker Takeda Pharmaceutical, deepening their use of artificial intelligence to accelerate drug discovery. Under the new multi-year agreement, which builds on an earlier collaboration launched in 2022, Nabla will receive upfront and research …
US biotech Nabla Bio, Japan’s Takeda expand AI drug design partnership Read More »
SAO PAULO (Reuters) -Brazilian investment bank BTG Pactual announced late on Monday a binding proposal to incorporate shares of Banco Pan, offering a significant premium to minority shareholders in a move that would make Pan its indirect wholly-owned subsidiary. WHY IT’S IMPORTANT The deal represents a significant consolidation in Brazil’s banking sector, combining BTG Pactual’s …
Brazil’s BTG Pactual proposes merger with Banco Pan Read More »
By Prerna Bedi (Reuters) -Albertsons raised its full-year profit and sales forecasts on Tuesday, citing resilient demand at its pharmacies and continued growth in online orders, sending its shares up about 8% in early trading. The Boise, Idaho-based grocer is capitalizing on surging demand for same-day delivery and winning market share from traditional drugstore closures, …
Albertsons raises annual sales and profit forecast on strong pharmacy, digital growth Read More »
By Anirban Sen and Prakhar Srivastava NEW YORK (Reuters) -BlackRock, the world’s biggest asset manager, swept past its own record for assets under management, as it reported a higher third-quarter profit on Tuesday that was driven by a rally in global markets and its recent dealmaking spree that boosted fee income. BlackRock’s assets under management …
BlackRock’s assets hit record $13.46 trillion on third-quarter markets rally, M&A boost Read More »
By Aishwarya Jain (Reuters) -Shares of Polaris rose more than 9% on Tuesday after the power-sports vehicle maker said it would spin off its Indian Motorcycle unit and forecast a third-quarter profit, beating Wall Street’s loss expectations. The company also sold a majority stake in the business to private equity firm Carolwood LP for an …
Polaris shares surge on Indian Motorcycle unit spin-off, profit forecast Read More »
By David Lawder WASHINGTON (Reuters) -The U.S. artificial intelligence investment boom may be followed by a dot-com-style bust, but it is less likely to be a systemic event that would crater the U.S. or global economy, the International Monetary Fund’s chief economist, Pierre-Olivier Gourinchas, said on Tuesday. There are many similarities between the late 1990s …
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Following the largest crypto liquidation in history last Friday, options market investors are bracing for more volatility and further declines in bitcoin and ether, aggressively positioning in trades that offer protection against another potential freefall. Market participants said the crypto sector on Friday saw more than $19 billion in …
After record crypto crash, a rush to hedge against another freefall Read More »
