FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 6, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – U.S. equity funds saw $7.9 billion in outflows in the last week, the second consecutive weekly drawdown, as bond and money market funds drew Continue Reading
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Rush into U.S. bonds curbs global stock markets; gold touches 6-year high
NEW YORK (Reuters) – Investors rushed into the safety of U.S. government bonds on Wednesday, muting a broad stocks rally as fears of a global recession grew. Yields on the benchmark 10-year Treasury note fell to their lowest levels since October 2016, and gold soared to a six-year high, while Continue Reading
London Stock Exchange in talks to buy Refinitiv for $27 billion
LONDON/NEW YORK (Reuters) – The London Stock Exchange Group Plc (LSE.L) said on Friday it was in discussions to acquire financial data analytics provider Refinitiv Holdings Ltd for $27 billion, including debt. FILE PHOTO: An advertisement for Refinitiv is seen on a screen in London’s Canary Wharf financial centre, London, Continue Reading
Investors continue four-week retreat from U.S. stock market
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 16, 2019. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – Investors continued a four-week long retreat from the U.S. stock market last week by unloading a net of nearly $9.6 billion in Continue Reading
Bayer shareholders vent ire over Monsanto-linked stock rout
BONN (Reuters) – Bayer shareholders vented their anger over its stock price slump on Friday as litigation risks mount from the German drugmaker’s $63 billion takeover of seed maker Monsanto. Werner Baumann, CEO of German pharmaceutical and chemical maker Bayer AG, attends the annual general shareholders meeting in Bonn, Germany, Continue Reading
Foxconn Ventures sells $398.4 million in Alibaba stock: sources
The logo of Alibaba Group is seen inside DingTalk office, an offshoot of Alibaba Group Holding Ltd, in Hangzhou, Zhejiang province, China July 20, 2018. Picture taken July 20, 2018. REUTERS/Aly Song (Reuters) – Foxconn Ventures Holdco has sold $398.4 million worth of Alibaba Group Holding Ltd’s shares, in a Continue Reading