U.S. funds keep global portfolio steady ahead of Presidential election: Reuters poll
(Reuters) – U.S. fund managers made no major changes to their model global portfolio this month, as they wait for November’s Presidential election and a possible rate hike by the Federal Reserve the following month to pass, a Reuters poll found.
Xerox’s quarterly revenue falls nearly 3 percent
(Reuters) – Xerox Corp’s quarterly revenue fell nearly 3 percent, the seventh straight quarter of decline, as sales of its printers and copiers continued to fall.
German economy minister faces battle in Beijing over takeovers
BERLIN (Reuters) – Germany’s outspoken economy minister, Sigmar Gabriel, heads to China next week having ratcheted up tensions with Beijing by putting the brakes on the latest Chinese takeovers of German technology companies.
Toyota invests in U.S. car-sharing service
TOKYO (Reuters) – Toyota Motor Corp on Friday said it has invested in U.S. car-sharing company Getaround, a move that comes as global automakers seek to shore up their presence in new technology sectors amid growing competition from transport startups….
Global stocks sag as bond ‘bloodbath’ shows no sign of letting up
LONDON (Reuters) – Stocks fell on Friday, curbed by the continued surge in global bond yields, while the dollar hit a three-month high against the yen as investors grew more confident that the Federal Reserve will raise U.S. interest rates by the end o…
UBS ups reserves for U.S. mortgage case, forecasts tough markets
ZURICH (Reuters) – UBS increased reserves for penalties tied to mis-selling residential mortgage-backed securities (RMBS) by more than $400 million to $1.405 billion as it posted an 11 percent rise in third-quarter pre-tax profit.
BOJ loses bark and bite under humbled Kuroda
TOKYO (Reuters) – As his term winds down, Bank of Japan Governor Haruhiko Kuroda has retreated from both the radical policies and rhetoric of his early tenure, suggesting there will be no further monetary easing except in response to a big external sho…
Crisis at Venezuela’s PDVSA deepens as Caribbean debts pile up
HOUSTON (Reuters) – Unpaid debts and broken promises are making Venezuelan oil giant PDVSA an outcast in several Caribbean countries where it had been a guest of honor.
Exclusive: EpiPen price hikes add millions to Pentagon costs
NEW YORK/WASHINGTON (Reuters) – Mylan NV’s price hikes on EpiPens have added millions to U.S. Department of Defense spending since 2008 as the agency covered more prescriptions for the lifesaving allergy shot at near retail prices, government data prov…
Facebook executives feel the heat of content controversies
SAN FRANCISCO/WASHINGTON (Reuters) – After Facebook’s removal of an iconic Vietnam war photo stirred an international uproar last month, the social network’s executives quickly backtracked and cleared its publication.
