By Davide Barbuscia NEW YORK (Reuters) – Global investors will ramp up allocations to distressed credit hedge funds next year, expecting opportunities to buy companies’ debt on the cheap as…
By Divya Rajagopal TORONTO (Reuters) – Sun Life Financial (NYSE:SLF) Inc believes rising wages, driven by inflation and a tight labor market, will help its benefits business, company executives said…
By Erwin Seba HOUSTON (Reuters) – No injuries were reported after a fire on Thursday morning at Valero Energy Corp (NYSE:VLO)’s Corpus Christi, Texas, refinery, a company spokesperson said. Corpus…
By Arunima Kumar (Reuters) -ConocoPhillips on Thursday extended a string of bumper earnings from oil producers enjoying higher energy prices by reporting a near two-fold rise in third-quarter profit that…
By Deborah Mary Sophia (Reuters) -U.S. holiday sales are expected to rise at a slower pace this year, a trade group said on Thursday, at a time when decades-high inflation…
(Reuters) -Zoom Video Communications said on Thursday it has resolved an issue that was preventing some users from accessing its platform. The company’s status page showed at 1833 GMT that…
By Huw Jones LONDON (Reuters) – Pan-European stock exchange Euronext said on Thursday that customers will be able to clear all share trades at its Italian arm from the end…
By Hyunjoo Jin SAN FRANCISCO (Reuters) – Tesla (NASDAQ:TSLA)’s dominant market share of the electric vehicle market in California slipped again this year, according to Reuters’ calculations based on government…
(Reuters) -French luxury group Kering (EPA:PRTP) is in advanced discussions to buy fashion brand Tom Ford, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The…
By Federico Maccioni MILAN (Reuters) -Italian tyremaker Pirelli on Thursday lifted its 2022 sales guidance while forecasting volatile market conditions next year. The manufacturer of tyres for Formula One and…
