Bridgewater Associates has placed at least $6.7 billion in bets against European stocks, according to data group Breakout Point, in a sign that the hedge fund firm may be pessimistic…
Category: Business
Tesla to charge more for cars in United States as inflation bites
Tesla Inc (TSLA.O) again raised prices for all its car models in the United States in response to persistent global supply-chain problems and soaring raw material costs. The electric carmaker…
U.S. sustainable funds mark rare outflow in May
Investors in May pulled $3.5 billion from U.S. mutual funds using environmental, social and governance (ESG) factors, researcher Morningstar Inc (MORN.O) said on Thursday, a break with years of net…
Canada’s finance minister says ‘soft landing’ not guaranteed as rates rise
Canadian Finance Minister Chrystia Freeland expressed confidence on Thursday in the Bank of Canada's ability to rein in surging inflation and keep price gains from becoming entrenched, but said there…
ECB rate rises will be more gradual than Fed’s, says Draghi
The European Central Bank will inevitably raise interest rates more slowly than the U.S. Federal Reserve given the different economic circumstance in the euro zone, Italian Prime Minister Mario Draghi…
Analysis: Bank of England keeping its options open for future rate hikes
The Bank of England has kept investors guessing about whether it is part of the pack of central banks signalling further big increases in interest rates in the face of…
Porsche to pay $80 mln to resolve fuel economy claims on U.S. vehicles
Volkswagen AG (VOWG_p.DE) and its Porsche AG unit have agreed to a class-action settlement worth at least $80 million to resolve claims it skewed emissions and fuel economy data on…