FRANKFURT (Reuters) -Elliott Investment Management has taken a stake in Fresenius SE, a person familiar with the matter told Reuters on Wednesday, sparking speculation the activist investor might push for a break up of the diversified healthcare company. Fresenius and Elliott were not immediately available for comment. Shares in the […]
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Soccer-Lazio striker Immobile suffers hamstring injury
(Reuters) – Serie A’s joint top scorer Ciro Immobile has suffered a medium-grade injury to his left hamstring, his club Lazio said on Wednesday after the Italy international underwent tests. Lazio did not mention the timeline of his recovery but Italian newspaper Gazetta dello Sport reported that Immobile will be […]
Former Celsius exec joins JPMorgan as director of crypto regulatory policy
(Reuters) – Former Celsius executive Aaron Iovine has joined JPMorgan Chase & Co as executive director of digital assets regulatory policy, according to his LinkedIn profile, days after the bank’s Chief Executive Jamie Dimon blasted cryptocurrencies as fraud and decentralized ponzi schemes. Iovine was head of policy and regulatory affairs […]
Abbott raises 2022 profit forecast for second time
(Reuters) -Abbott Laboratories on Wednesday raised its annual earnings forecast for the second time, citing strong demand for medical devices and pharmaceutical products. Shares of the company rose nearly 2% in premarket trade. The company’s medical devices sales grew 11% in the United States in the third quarter, driven by […]
Amazon launches home insurance portal in UK
(Reuters) – Amazon.com Inc said on Wednesday it was launching a home insurance portal in the UK, where companies such as Ageas UK, Co-op, and LV= General Insurance will provide third-party services. The portal, Amazon Insurance Store, will also include customer reviews and ratings on insurance companies and the rate […]
Nasdaq futures bolstered by Netflix’s subscriber turnaround
(Reuters) – Nasdaq futures held steady on Wednesday after streaming major Netflix posted a reversal in customer losses but concerns over rising interest rates weighed on the overall mood and looked set to stall a recent rally on Wall Street. The three major U.S. stock indexes have notched two straight […]
Taiwan and U.S. tensions with China pose ‘serious’ challenges for chip industry – TSMC
By Sarah Wu HSINCHU, Taiwan (Reuters) – Rising Taiwan-China and U.S.-China tensions have brought “more serious” challenges for the semiconductor industry, the chairman of Taiwanese chipmaker TSMC said on Wednesday. Taiwan is a major producer of chips used in everything from cars and smartphones to data centres and fighter jets, […]
Asia hedge fund losses grow in Q3, poised for worst year since 2008
By Summer Zhen HONG KONG (Reuters) – Hedge funds focused on emerging Asia posted their biggest monthly losses in years in September and are set for the worst year since the 2008 financial crisis, data provider HFR said. The firm’s HFRI Asia ex-Japan Index slumped 7.7% in September, the worst […]
Oil prices rise as investors seek riskier assets and on China demand outlook
By Isabel Kua SINGAPORE (Reuters) -Oil prices climbed on Wednesday, paring losses from the previous session, as investors jumped into riskier assets such as commodities amid gains in broader equity markets and on signs of renewed demand from top oil importer China. Brent crude futures for December settlement rose 22 […]
China auto market faces slowdown as inventory builds – CMBI
SHANGHAI (Reuters) – Automakers in China delivered a record number of cars to dealers in the first nine months of the year even as retail demand slowed, setting up the market for a slowdown in 2023, a leading Chinese brokerage said on Wednesday. Automakers had delivered 1 million vehicles to […]