Asian shares slide as weak China, Japan manufacturing data add to Fed worries
SYDNEY (Reuters) – Asian shares extended losses on Wednesday as weak Chinese and Japanese manufacturing data revived worries about global growth amid anxiety over faster rate rises in the United States.
Bunge’s coveted Argentina plants lure ADM takeover approach
ROSARIO, Argentina/CHICAGO (Reuters) – On the banks of the Parana River, machines hum 24 hours a day in Argentina’s grain ports, churning out soy-based animal feed and shooting it straight into the hulls of ships bound for buyers worldwide.
China startup NIO hires eight banks for up to $2 billion U.S. IPO: sources
HONG KONG (Reuters) – Chinese electric vehicle startup NIO has hired eight banks including Morgan Stanley and Goldman Sachs to work on a planned U.S. stock market listing this year worth up to $2 billion, people with knowledge of the matter told Reut…
GM Korea to slash executive numbers, talks with union make little progress
SEOUL (Reuters) – General Motors’ South Korean unit plans to slash the number of its executives, an internal letter seen by Reuters showed – the latest step by the U.S. automaker as it attempts a politically contentious restructuring of the loss-making…
Why Oppenheimer Global fund is focusing on biotech as rates rise
NEW YORK (Reuters) – The recent volatility in the global stock market may make some investors feel queasy, but it is providing a buying opportunity in biotechnology stocks.
Top stockpicker T. Rowe Price has boosted bonds, cash allocations
NEW YORK (Reuters) – Winning stockpicker T. Rowe Price Group Inc has a message for investors: do not give up on bonds.
Ivascyn generates big returns for Pimco Income Fund, not sound bites
NEW YORK (Reuters) – Dan Ivascyn, the group chief investment officer at Pacific Investment Management Co (Pimco), eschews making big, splashy investment or market calls, unlike his legendary predecessor, Bill Gross.
Asian shares lurch lower as weak China PMI adds to Fed rate worries
SYDNEY (Reuters) – Asian shares extended losses on Wednesday and bonds were sold off as weak factory data from China revived worries about global economic growth amid fears of faster rate rises in the United States.
Exclusive: GM Korea to sharply cut number of executives – internal letter
SEOUL (Reuters) – General Motors’ South Korean unit plans to slash the number of its executives, an internal letter seen by Reuters showed – the latest step by the U.S. automaker to cut costs and restructure the loss-making business.
U.S. trade officials meet auto executives in midst of NAFTA talks
WASHINGTON/MEXICO CITY (Reuters) – U.S. trade officials met with auto industry executives in Washington on Tuesday, three sources said, as talks to renegotiate the North American Free Trade Agreement try to make progress on a major sticking point aroun…
