Author Archives: Syndicated Content
Analysis-Fever over BlackRock’s bitcoin fund faces chill of rate hikes and regulations
By Elizabeth Howcroft LONDON (Reuters) - BlackRock's plans for a bitcoin fund have helped push the world's largest cryptocurrency to its highest in a year, but rising interest rates and a regulatory c...
Jun 26, 2023
Pakistan cenbank raises key policy rate to 22% – statement
ISLAMABAD (Reuters) - Pakistan's central bank raised its key rate by 100 basis points to 22% in an emergency meeting on Monday, it said in a statement. The meeting came a day after the country passed ...
Jun 26, 2023
Special Report-US, Swedish prosecutors study graft complaint naming son of Turkey’s Erdogan
By David Gauthier-Villars (Reuters) - Anti-corruption authorities in the United States and Sweden are reviewing a complaint alleging that the Swedish affiliate of a U.S. company pledged to pay tens of...
Jun 26, 2023
Prologis to buy industrial properties from Blackstone for $3.1 billion
(Reuters) -Prologis Inc said on Monday it has agreed to buy 14 million square feet of industrial properties from real estate funds affiliated with Blackstone for $3.1 billion in an all-cash deal. The ...
Jun 26, 2023
Siemens Energy sell-off continues, takes market value loss to $8.2 billion
FRANKFURT (Reuters) - Siemens Energy fell for a second consecutive day on Monday, hit by a raft of target price cuts and rating downgrades in the wake of deeper-than-expected problems at its wind turb...
Jun 26, 2023
Databricks strikes $1.3 billion deal for generative AI startup MosaicML
(Reuters) - Databricks said on Monday it has agreed to acquire generative artificial intelligence startup MosaicML in a deal valued at roughly $1.3 billion. The deal comes at a time when Artificial In...
Jun 26, 2023
Tesla’s searing rally elicits downgrades, caution on Wall Street
By Aniruddha Ghosh (Reuters) - A blistering rally in Tesla Inc shares has powered the EV maker's market value toward trillion-dollar levels, prompting some analysts to question its valuation and downg...
Jun 26, 2023
Russian court jails academic Golubkin for 12 years for treason
MOSCOW (Reuters) - A Russian court on Monday jailed an academic, Valery Golubkin, for 12 years after convicting him of treason. Golubkin, a professor at a Moscow institute studying aerodynamics, was d...
Jun 26, 2023
Defying high prices, Muslim pilgrims head to Mecca for haj
By Arafat Barbakh MECCA, Saudi Arabia (Reuters) - Palestinian pilgrim Abu Anas Abu Rahal was hoping to find cheaper lodgings for a week-long stay in Islam's holiest sites in Saudi Arabia, as the minim...
Jun 26, 2023
Spirit Aero flags progress in talks with the union
(Reuters) - Spirit Aerosystems said on Monday it had held "constructive and positive meetings" with the U.S. machinists union through the weekend, indicating progress in negotiations for a new contrac...
Jun 26, 2023
