NEW YORK (Reuters) -Goldman Sachs has agreed to buy Industry Ventures, a leading venture capital firm that manages $7 billion of assets, in a bid to expand its services to technology entrepreneurs, it said on Monday. Industry Ventures has one of the largest portfolios of venture capital partnerships from the seed stage to late-stage growth …
Goldman Sachs buys venture capital firm Industry Ventures Read More »
SYDNEY, Oct 14 (Reuters) – Australia’s central bank saw no need for an immediate cut in interest rates at its September policy meeting given some stickiness in services inflation and steady employment, while future easing would be data dependent. Minutes of the meeting released on Tuesday, showed the Reserve Bank of Australia board would be …
Australia central bank to be cautious, data dependent on future policy Read More »
SYDNEY (Reuters) -Australian business conditions remained steady in September as improvements in sales and profits were offset by a fall in employment, a survey showed on Tuesday. The survey from National Australia Bank showed its index of business conditions was unchanged at +8 last month. A business confidence index inched up 3 points to +7, …
Australian business activity holds steady in September, survey shows Read More »
(Reuters) -Aerospace supplier Honeywell said on Monday it expects record deliveries of new business jets over the next decade, providing the latest sign that demand for private air travel, which surged during the COVID-19 pandemic, is holding up. Affluent travelers, who avoided scheduled flights in 2020, helped private flying recover earlier than the commercial airlines’ …
Honeywell expects record business jet deliveries over next decade Read More »
BEIJING (Reuters) -China has officially started collecting special port fees from U.S.-owned, operated, built, or flagged vessels on Tuesday but said Chinese-built ships would be exempted from the levies, according to state broadcaster CCTV. The details published by CCTV clarify the specific provisions on exemptions, including for ships built by China, empty ships entering Chinese …
China begins charging port fees for US ships, exempts China-built ones Read More »
By Lucy Craymer and Renju Jose WELLINGTON (Reuters) -New Zealand’s central bank on Tuesday said it planned to ease mortgage loan-to-value ratio (LVR) restrictions from December 1 as house prices are now with sustainable estimates after a sustained fall. “Easier LVR settings will give banks more flexibility to lend, improving market efficiency and access to …
New Zealand’s central bank to ease home lending rules Read More »
SAO PAULO (Reuters) -Brazilian airline Gol Linhas Aereas Inteligentes SA on Monday announced plans to go private as part of a corporate reorganization process. The company, which earlier this year emerged from U.S. bankruptcy proceedings, said in a regulatory filing that it intends to delist shares from the Brazilian stock exchange B3, a move still …
Brazil’s Gol to be taken private under new restructuring plan Read More »
By Suzanne McGee (Reuters) -Large-scale selling of leveraged exchange-traded funds contributed significantly to Friday’s U.S. stock market rout, according to a report published late on Sunday by JPMorgan’s Americas equities derivatives strategy team. The report estimated that some $26 billion of selling from leveraged ETFs at Friday’s close drove the overall market even lower after …
JPMorgan says leveraged ETFs worsened Friday’s Wall St selloff Read More »
(Refiles to fix format of hyperlinks and garbled text in pargraphs 6 and 7) By Sukriti Gupta and Noel Randewich (Reuters) -Wall Street’s main indexes ended sharply higher on Monday, led by gains in Broadcom and other chipmakers, after President Donald Trump struck a conciliatory tone about renewed U.S.-China trade tensions, easing investor worries. Lifting …
Wall Street ends sharply higher on Trump China comments; Broadcom surges Read More »
(Corrects name spelling in sixth paragraph) By Francesco Canepa and Howard Schneider FRANKFURT/WASHINGTON (Reuters) -U.S. companies and consumers are bearing the brunt of the country’s new import tariffs, early indications show, contradicting assertions by President Donald Trump and complicating the Federal Reserve’s fight against inflation. Trump famously predicted that foreign countries would pay the price …
