Foreigners flee from U.S. government bonds in April: Treasury
NEW YORK (Reuters) – Foreign investors dumped U.S. government debt in April and were net sellers of all long-dated U.S. securities for the third consecutive month, the U.S. Treasury said on Friday.
Analysis: Bombardier gambles on big order payoff with new jet
TORONTO (Reuters) – Canada’s Bombardier Inc is hoping to carve a new niche in the cutthroat airplane market with a fuel-efficient, medium-haul jet that makes its first flight this month, but its all-new CSeries needs an avalanche of orders to stave off…
JPMorgan’s private equity unit to become independent
(Reuters) – JPMorgan Chase & Co said on Friday its private equity unit will become independent, the latest move by a financial institution to shed risky businesses amid financial reform.
Irish drug firm Elan puts itself up for sale
DUBLIN (Reuters) – Irish drug company Elan put itself up for sale on Friday, seeking to fend off a hostile bid by Royalty Pharma that shareholders will consider next week.
Singapore punishes 20 banks in benchmark rate review
SINGAPORE (Reuters) – Singapore’s central bank censured a record 20 banks on Friday after it found more than 100 traders in the city state tried to rig key borrowing and currency rates.
Consumer sentiment slips in June
NEW YORK (Reuters) – Consumer sentiment retreated this month after reaching its highest in nearly six years in May, a survey released on Friday showed, as household optimism about employment and housing faded slightly.
JPMorgan’s private equity unit to become independent
(Reuters) – JPMorgan Chase & Co said its private equity unit, One Equity Partners, will become independent from the bank and raise future funds from an external group of partners.
Industrial output flat in May
WASHINGTON (Reuters) – Industrial production was unchanged in May, the Federal Reserve said on Friday, compared with forecasts for a light increase after gains in manufacturing and mining were offset by a sharp drop in the output of utilities.
Smithfield profit plunges on drop in exports
(Reuters) – Hog producer Smithfield Foods Inc , the subject of a $4.7 billion bid from China’s Shuanghui International, posted a 63 percent fall in net profit as exports to China and Russia fell due issues related to a drug it uses to produce lean meat…
Barclays seeks up to 700 staff for new Dallas technology hub
LONDON (Reuters) – Barclays is aiming to recruit up to 700 technology staff in the next 18 months at a new center in the United States that will develop applications for investment banking and consumer banking.
