Stocks drop as a world of worries bedevils investors.

Stocks on Wall Street were set to slump on Monday morning as indexes across Europe tumbled amid a string of concerns for investors — including the troubled Chinese property giant Evergrande, soaring energy prices in Europe and questions over how the Federal Reserve will manage its exit from its large bond-buying program. The S&P 500 was set to open 1.1 […]

Read more

Analysis: Why the Fed might welcome a bond market tantrum

(Reuters) – A bond market tantrum that drives up yields can be a fearsome prospect for central banks but the U.S. Federal Reserve might just welcome a sell-off that lifts Treasury yields towards levels that better reflect the robust state of the economy.FILE PHOTO: The Federal Reserve building is set against a blue sky in Washington, U.S., May 1, 2020. […]

Read more

Billion-dollar bidding war for NZ pet food maker Ziwi

Mount Maunganui-founded pet food maker Ziwi is said to be the subject of a bidding war amid the lockdown-fuelled pet boom. The company, which has its corporate headquarters in Auckland and plants on the East Coast and in Christchurch, has attracted the attention of two Chinese funds – FountainVest Partners and Boyu – according to The Australian. Each fund is […]

Read more

Global shares rise on strong U.S. equities, factory data

NEW YORK (Reuters) – Global shares inched up on Wednesday on the strength of U.S. equities markets that were boosted by positive factory data.FILE PHOTO: People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. REUTERS/Brendan McDermidU.S. factory production data showed that manufacturing remained strong despite a slowdown due […]

Read more

Walmart will test a self-driving delivery service with Ford and Argo.

Ford Motor and its autonomous driving affiliate, Argo AI, have teamed up with Walmart to begin testing the home delivery of groceries and other items by self-driving cars in three cities later this year. The service will start in Miami, Washington and Austin, Texas, and will be limited to specific areas but is intended to expand over time, Argo said […]

Read more

Fitch warns an Evergrande default may have broad China economic effects

HONG KONG (REUTERS) – Rating agency Fitch said that numerous sectors could be exposed to heightened credit risk if China’s No.2 property developer Evergrande Group were to default, although the overall impact on the banking sector would be manageable. Evergrande is scrambling to raise funds to pay its many lenders and suppliers, as it teeters between a messy meltdown with […]

Read more
1 2 3 4 151