Buffett draws them in even as Berkshire comes up short
(Reuters) – He thinks of himself as a teacher, and to many he is an icon. But to Wall Street, Warren Buffett is something quite different. Berkshire Hathaway CEO Warren…
World shares hemmed in by dollar and Fed rate expectations
LONDON (Reuters) – World stocks inched higher on Wednesday after two days of losses but remained pinned down by the dollar’s recent surge and expectations that a U.S. Federal Reserve…
Hong Kong scrambles for talent in battle for Nasdaq’s biotech crown
HONG KONG (Reuters) – When Hong Kong unveiled plans last year to encourage biotech companies to list in the city by loosening listing rules, the financial industry and investors cheered.…
Asian shares edge higher as tensions ease, earnings rise
SYDNEY (Reuters) – Asian shares rose again on Monday as tensions in the Korean Peninsula eased and first-quarter earnings shone, although some investors pondered whether this sunny outlook could dim…
Canadian exchange operator TMX blames hardware failure for outage
TORONTO (Reuters) – Canada’s largest stock exchange operator said on Saturday that the failure of data storage equipment caused an outage that shut down the world’s sixth-largest stock market for…
DoubleLine’s Gundlach says U.S. Treasuries ‘not attractive’
NEW YORK (Reuters) – Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Tuesday that U.S. Treasuries were “not attractive” even though the 10-year yield US10YT=RR, a benchmark for…
U.S debt deluge lifts bond yields to four-year high, Asia stocks down
TOKYO (Reuters) – Asian stocks slipped and the U.S. dollar advanced on Tuesday, as a deluge of U.S. government debt this week and the specter of inflation and a higher…
Jilted Akorn sues Fresenius over deal termination
FRANKFURT (Reuters) – U.S. generic drugmaker Akorn is taking former suitor Fresenius to court after the German healthcare group canceled their $4.75 billion takeover agreement. FILE PHOTO: Fresenius headquarters in…
Wall Street set to open higher despite rising U.S. yields
(Reuters) – Wall Street was set for gains on Monday as optimism about the strong earnings season helped ease concerns on rising U.S. bond yields. FILE PHOTO: Traders work on…
Asia stocks struggle with rising yields; oil stays high
SYDNEY (Reuters) – Asian stocks dipped on Monday as investors braced for a bevy of earnings from the world’s largest corporations, while keeping a wary eye on U.S. bond yields…