By Jaspreet Singh and Mrinalika Roy (Reuters) -The Trump administration is in talks with Intel to have the U.S. government potentially take a stake in the struggling chipmaker, Bloomberg News reported on Thursday, citing people familiar with the plan. Such a move would mark another intervention by U.S. President Donald Trump in industries seen as …
Trump weighs taking stake in Intel, Bloomberg News reports Read More »
By Helen Reid LONDON (Reuters) -Well-heeled shoppers around the United States seem – so far at least – willing to soak up price hikes for aspirational products from trendy Birkenstock sandals to Bugaboo prams, despite the impact of trade tariffs and belt-tightening elsewhere. German sandal and clog brand Birkenstock has enjoyed strong consumer demand with …
BEIJING (Reuters) -China’s new home prices fell again in July, dropping 0.3% on month, but declines eased slightly in major cities as more local governments rolled out incentives for homebuyers, though further support is still needed. The month-on-month decline was calculated by Reuters, based on data released by the National Bureau of Statistics (NBS) on …
China’s new home prices fall again but declines ease in major cities Read More »
By Scott Murdoch (Reuters) -Australia’s ANZ Group said on Friday its net loans and customer deposits rose in the third quarter as lending for home purchases and businesses stayed strong, extending a run of growth among major domestic banks. In a limited quarterly trading update, ANZ said its credit risk-weighted assets edged higher due to …
Australian lender ANZ reports rise in Q3 loans and deposits Read More »
By Paula Laier and Andre Romani SAO PAULO (Reuters) -Brazilian state-run lender Banco do Brasil SA on Thursday reported a 60% slide in second-quarter adjusted net profit, and it announced a sharp cut to its full-year outlook and dividend payout. Net profit came in at 3.8 billion reais ($702.4 million), below the 5 billion reais …
Banco do Brasil quarterly profit slides, slashes yearly outlook and dividend Read More »
(Refiles to fix headline to say “memos” in the plural) By Ana Mano SAO PAULO (Reuters) -Saudi Arabia has lifted a ban on poultry imports from Brazil’s southernmost state of Rio Grande do Sul, where an outbreak of bird flu was reported on a commercial poultry farm in May, according to an Agriculture Ministry memo …
Saudi Arabia, Chile to resume poultry imports from Brazil, memos say Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) -Band-Aid and Tylenol maker Kenvue attracted the attention of another activist investor in the second quarter, with Sachem Head Capital Management reporting that it bought into the stock. Sachem, run by Scott Ferguson, said in a regulatory filing on Thursday that it owned 10.6 million shares in the consumer …
Kenvue attracts share purchase by activist investor Sachem Head Read More »
By Andre Romani and Kylie Madry SAO PAULO (Reuters) -Nu Holdings, which runs Brazilian digital lender Nubank, posted on Thursday a 42% increase in its net profit from a year earlier on a foreign exchange-neutral basis, causing its shares to jump more than 8% in after-hours trading. The firm, which has nearly 123 million clients …
Brazilian digital lender Nubank posts 42% profit boost; shares jump Read More »
By Anirban Sen and Carolina Mandl NEW YORK (Reuters) -Wall Street’s largest hedge funds, Bridgewater Associates, Tiger Global Management and Discovery Capital, increased their exposure to Big Tech in the second quarter amid a generational boom in the growth of artificial intelligence. During the June quarter, hedge funds cut their exposure to laggards in industries …
Hedge funds shift bets to double down on Big Tech amid AI boom Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) -Activist Starboard Value, one of the first investors to publicly push Salesforce to make changes three years ago, increased its stake in the U.S. software company by almost 50% in the second quarter, according to a regulatory filing on Thursday. The hedge fund reported owning 1.3 million shares in …
Activist Starboard buys more Salesforce stock after first demanding change in 2022 Read More »
