Analysis: After selloff, some dip toes back in emerging markets
NEW YORK (Reuters) – The threat of less central bank stimulus and higher interest rates has crushed emerging markets more than most assets in the past two months, in some cases slashing the value of stocks and bonds in developing countries to levels no…
Commodity investors race to adapt on fear of supercycle end
NEW YORK (Reuters) – Investors who have plowed some $400 billion into raw materials markets over the past 10 years are accelerating efforts to change their strategies, if not their allocations, on the growing belief the commodities “supercycle” has com…
Exclusive: Walmart to start work on opening in Peru – source
LIMA (Reuters) – Wal-Mart Stores Inc will start work this year to eventually open stores in Peru and plans to form a local management team to run the effort, a source with the global retailer said on Monday, but a spokesman at Wal-Mart headquarters in …
Factories rebound in June, but hiring down
NEW YORK (Reuters) – Manufacturing expanded last month, rebounding from an unexpected contraction in May, but hiring in the sector was the weakest in nearly four years, which could make the Federal Reserve think twice about how soon to scale back its s…
Hyundai hit with $14 million verdict in U.S. airbag trial
NEW YORK (Reuters) – A U.S. jury found South Korea’s Hyundai Motor Co should pay $14 million to a Virginia man who suffered traumatic brain damage in a car accident after the side air bags in his 2008 Hyundai Tiburon failed to deploy.
Icahn seeks Dell meeting after securing $5.2 billion for bid
(Reuters) – Billionaire investor Carl Icahn asked for a meeting with Dell Inc’s special board committee after lining up $5.2 billion in loan commitments to back up his bid for a leveraged recapitalization of the personal computer maker.
Barclays stance on capital rules tests ties with regulator
LONDON (Reuters) – Barclays’ promise to have a model relationship with industry regulators is already being tested as the bank tries to fend off pressure to meet stricter capital requirements without reining in lending.
Authors lose class status in Google digital books case
(Reuters) – Google Inc notched a legal victory in its bid to create the world’s largest digital books library, winning the reversal of a court order that had allowed authors challenging the project to sue as a group.
PIMCO Total Return Fund falls in June, weakest month since 2008
NEW YORK (Reuters) – The PIMCO Total Return Fund, the world’s largest bond fund, in June suffered its weakest monthly performance since September 2008 amid a selloff in U.S. Treasuries and other government bonds, data from Morningstar showed on Monday….
Appeals court won’t reverse three insider trading cases
NEW YORK (Reuters) – Three former Wall Street traders who were charged in a broad crackdown on insider trading by the U.S. government lost their bids to reverse their convictions and sentences on Monday.
