Party City mulling second bankruptcy filing, Bloomberg reports
(Reuters) – Party City Holdco Inc (OTC:PRTYQ) is planning a second bankruptcy filing nearly two years after it filed for one in the U.S. as it runs out of cash…
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Dollar holds ground ahead of CPI, Aussie wallows near 4-month low
By Kevin Buckland TOKYO (Reuters) – The dollar traded close to a two-week high versus the yen on Wednesday ahead of a highly anticipated reading of U.S. inflation that could…
ADB trims developing Asia’s growth forecast, flags US policy risks
MANILA (Reuters) – Developing Asia is likely to grow more slowly than previously thought this year and next, and the outlook could worsen if President-elect Donald Trump makes swift changes…
Asia Pacific sees slight growth downgrade on US trade policies, China steady – ADB
Investing.com– Asia Pacific’s economic growth is expected to be slightly lower than the previous projections, as potential policy shifts in the U.S. under incoming President Donald Trump could impact the…
BlackRock sees investor shift from cash after even ‘modest’ rate cuts
By Davide Barbuscia NEW YORK (Reuters) – Investors are expected to increase their allocations to stocks and bonds from cash after even “modest” Federal Reserve interest rate cuts, BlackRock (NYSE:BLK)’s…
Activist investor Anson takes stake in Lionsgate Studios, may push for sale, Bloomberg News reports
(Reuters) -Activist investor Anson Funds Management has taken a stake in Lionsgate Studios and is urging the company to consider a range of options, including a potential sale, Bloomberg News…
Morning Bid: Taking chips off the table, seeking China clarity
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Investors go into Wednesday in a cautious frame of mind as they continue to digest the…
AI safety is hard to steer with science in flux, US official says
By Jeffrey Dastin NEW YORK (Reuters) – Policymakers aiming to recommend safeguards for artificial intelligence are facing a formidable challenge: science that is still evolving. AI developers themselves are grappling…
Ferrari will always make its cars in Italy, CEO says
By Vanessa O’Connell NEW YORK (Reuters) -Ferrari will always make its luxury sports car in its hometown of Maranello, northern Italy, including its first fully electric model expected next year,…
Biden plans to block Nippon Steel purchase of U.S. Steel, Bloomberg News reports
(Reuters) -U.S. President Joe Biden plans to formally block Nippon Steel’s proposed takeover of U.S. Steel on national security grounds once the $15 billion deal is referred back to him…