By Yoruk Bahceli, Nell Mackenzie, Harry Robertson and Dhara Ranasinghe LONDON (Reuters) – Hedge funds are piling into  the euro zone’s $10 trillion government bond market, scenting opportunities as funding needs surge and the European Central Bank retreats. The funds are buying a large share of government debt sales, providing a source of much-needed capital, […]

By Martin Coulter (Reuters) -Apple is in talks to build Google’s Gemini artificial intelligence engine into the iPhone, Bloomberg News reported on Monday, citing people familiar with the situation. The negotiations are about licensing Gemini for some new features coming to the iPhone software this year, the report said, adding that the terms or branding […]

(Reuters) -Adobe shares fell 12% on Friday as a lackluster quarterly forecast reinforced concerns about rising competition for the company’s creative suite including Photoshop and disappointed investors hoping for a boost from AI integration. The company expects about $440 million in net new annual recurring revenue for the digital media segment, which houses its cloud […]

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar advanced on Thursday, boosted by data showing hotter-than-expected producer prices last month and fewer people seeking unemployment claims, which suggested that the Federal Reserve could reduce the number of rate cuts this year. The dollar index, which gauges the currency against six major peers, rose in […]

TOKYO (Reuters) -Nissan Motor is considering seeking a business partnership with Honda Motor, TV Tokyo reported on Wednesday, while the Nikkei business daily said they could collaborate on electric vehicles. Nissan’s board of directors decided on Tuesday to consider a potential alliance with its larger Japanese rival, TV Tokyo said, citing unidentified sources. The Nikkei […]

(Reuters) -The U.S. energy sector has entered a new phase of consolidation as the industry went on a $250-billion buying spree in 2023, and experts see more transactions on the horizon. Dealmaking is on the rise as oil and gas producers are looking to improve longevity of inventories at low cost, and focus on cash […]

By Aatrayee Chatterjee (Reuters) -Costco Wholesale fell short of Wall Street estimates for quarterly sales on Thursday due to tepid demand for higher margin goods, pulling its shares down 5% in extended trading. With elevated day-to-day costs hammering household budgets, customers have kept a tight lid on their spending, particularly for big-ticket non-essential purchases such […]

By Savyata Mishra (Reuters) -Campbell Soup edged past market estimates for quarterly sales and profit on Wednesday and stuck to its annual forecasts, helped by higher prices and steady demand for its branded, ready-to-eat meals and cookies, sending its shares up 2% in early trade. Prices across Campbell’s products rose 1%, while overall volumes dipped […]

By Lucia Mutikani WASHINGTON (Reuters) – U.S. services industry growth slowed a bit in February amid a decline in employment, but a measure of new orders increased to a six-month high, pointing to underlying strength in the sector. Despite the weakness in employment, comments from services businesses in the Institute for Supply Management (ISM) survey […]