Equities attract $1.5 billion, first inflows in eight weeks: BAML
LONDON (Reuters) – Investors shovelled $1.5 billion into equities in the week to June 1, the first net inflows in eight weeks, as appetite for U.S. stocks in particular improved, Bank of America Merrill Lynch (BAML) said on Friday.
World stocks edge toward one-month high; U.S. jobs data eyed for Fed clues
LONDON (Reuters) – World shares advanced toward their highest level in a month on Friday, although investor wariness over the rising prospects of a near-term interest rate hike by the Federal Reserve subdued activity as traders awaited U.S. jobs data l…
Amid SEC probe, Jack Ma says hard for U.S. to understand Alibaba: media
BEIJING (Reuters) – Alibaba Group Holding Ltd, whose accounting practices are under investigation by U.S. regulators, is a difficult company for the United States to understand, Executive Chairman Jack Ma said in an interview to Chinese media on Friday…
Spanish police ask Santander for documents in HSBC tax probe
MADRID (Reuters) – Spanish police visited Santander’s headquarters on Friday as part of a money laundering probe triggered by leaks of sensitive tax information from HSBC’S Swiss private bank.
China May data to suggest economy steadying but not perking up: poll
BEIJING (Reuters) – A flurry of data from China in coming weeks is expected to reinforce views that the world’s second-largest economy is slowly steadying but not gaining momentum as investors hoped just a few months ago, a Reuters’ poll of economists …
Fed’s Evans sees case for deferring U.S. rate hikes for years
(Reuters) – In a dovish shot across the bow of a Federal Reserve widely expected to raise U.S. interest rates this summer, Chicago Fed President Charles Evans said Friday he thinks a “reasonable case” can be made for deferring rate hikes until core inf…
Chinese auto supplier Ningbo Joyson looking at investment in Takata
DETROIT/BEIJING (Reuters) – Ningbo Joyson Electronic Corp, a major Chinese auto supplier, said it is looking at investing in Japan’s Takata Corp which has been searching for financial backers to help it face mounting recall costs over potentially deadl…
Hyundai Motor plans luxury electric car under Genesis brand: executive
BUSAN, South Korea (Reuters) – South Korean automaker Hyundai Motor Co plans to launch a luxury all-electric vehicle under its Genesis marque to build out the lineup of its new premium brand, Senior Vice President Manfred Fitzgerald said.
Wal-Mart to test grocery delivery with Uber, Lyft
(Reuters) – Wal-Mart Stores Inc will partner with ride hailing services Uber and Lyft to trial online grocery deliveries, as it looks to speed up shipment times and better compete with rivals like Amazon.com Inc
Exclusive: Couche-Tard, 7-Eleven parent vying for CST Brands – sources
(Reuters) – Canada’s Alimentation Couche-Tard Inc and Japan’s Seven & i Holdings Co Ltd have submitted indicative offers to acquire U.S. convenience store retailer CST Brands Inc , people familiar with the matter said on Thursday.
