U.S. bond funds saw significant outflows in the week ending Oct. 4, driven by concerns about prolonged elevated interest rates, while money market funds garnered substantial inflows as investors recalibrated their risk exposure amid a bond market sell-off.
Debt-laden companies across Europe, Middle East and Africa face a $500 billion refinancing scramble, a challenge that could kill off many of them if they fail to get the cash they need at rates they can afford.
OpenAI, the company behind ChatGPT, is exploring making its own artificial intelligence chips and has gone as far as evaluating a potential acquisition target, according to people familiar with the company’s plans.
In a new front in the U.S.-China tech war, President Joe Biden’s administration is facing pressure from some lawmakers to restrict American companies from working on a freely available chip technology widely used in China – a move that could upend how the global technology industry collaborates across borders.
The ECB’s monetary policy transmission is working to tame inflation, though material uncertainty persists in the euro area, ECB policymaker Constantinos Herodotou said on Friday.
Italy’s higher budget deficits this year and next could make it ineligible for bond support under the European Central Bank’s latest scheme, which would be negative for Rome’s credit profile, Scope Ratings said on Friday.
Disney has held talks with Indian billionaires Gautam Adani and Sun TV Network owner Kalanithi Maran as well private equity firms to sell its streaming and television business in the country, Bloomberg News reported on Friday.
Leaders of the European Union and the U.S. are seeking to announce an interim agreement at an Oct. 20 summit on steel and aluminium trade that would avert the re-imposition of Trump-era tariffs on transatlantic commerce, Bloomberg News reported on Friday.
Corporate Argentina is strongly against full dollarization of the economy, one of the key proposals of presidential election frontrunner Javier Milei, according to 125 business people Reuters spoke to.
Former FTX executive Gary Wang is set to retake the stand on Friday and continue testifying against his former roommate and boss, Sam Bankman-Fried, who stands accused of stealing billions of dollars from customers of the cryptocurrency exchange.
