Elliott takes $1 billion stake in US oil refiner Phillips 66, urges board revamp
By Svea Herbst-Bayliss (Reuters) -Elliott Investment Management has taken a $1 billion stake in Phillips 66 and is urging the
2023-11-29 23:20
Treasury ‘Melt Up’ Grows as Bond Traders Price Fed Cut by May
Bond traders ramped up their bets on an abrupt end to the Federal Reserve’s tightening cycle, pricing in
2023-11-29 23:15
Digital bank robberies key risk for central bank e-money, BIS report warns
By Marc Jones LONDON Digital bank robberies and other cyber hacks will be a key risk for countries
2023-11-29 22:59
Nvidia Shares Will Struggle to Repeat a Stellar Year
Nvidia Corp.’s banner year — which saw the shares more than triple in value amid a frenzy for
2023-11-29 22:53
Dubai Taxi Gets $41 Billion in Orders for $315 Million IPO
Dubai Taxi Co. received over 150 billion dirhams ($41 billion) in investor orders for its $315 million initial
2023-11-29 22:48
Poland’s Top Refiner Orlen Plunges on New Windfall Tax Plan
Poland’s largest listed company Orlen SA tumbled the most in nearly two years on plans to force the
2023-11-29 22:27
Elliott Has $1 Billion Phillips 66 Stake, Seeks Board Seats
Activist investor Elliott Investment Management has built a $1 billion stake in Phillips 66 and plans to push
2023-11-29 22:26
Indonesia central bank calls for policy coordination amid persistent global risks
JAKARTA Indonesia's central bank governor Perry Warjiyo on Wednesday called for better coordination between domestic fiscal and monetary
2023-11-29 22:24
US Economy Grew 5.2% in Third Quarter, More Than First Estimated
The US economy grew at an even faster pace in the third quarter than originally estimated, reflecting upward
2023-11-29 22:24
Milei Announces Luis Caputo as Argentina’s Economy Minister
President-elect Javier Milei let slip his choice of economy minister during a radio interview Wednesday morning, saying that
2023-11-29 21:53
Bill Ackman Bets Fed Will Cut Interest Rates as Soon as First Quarter
Billionaire investor Bill Ackman is betting the Federal Reserve will begin cutting interest rates sooner than markets are
2023-11-29 21:52
Six months after Volkswagen exit, idle Russian car plant offers workers redundancy
By Gleb Stolyarov MOSCOW Furloughed workers at Volkswagen's former plant in Russia are being offered redundancy, according to
2023-11-29 21:51