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US, Asian investors turn to European and MidEast hedge funds, BofA survey shows

By Nell Mackenzie LONDON (Reuters) -Wealthy investors in the United States and Asia have cancelled plans to put money into U.S. hedge funds this year, while increasing their exposure to Europe and the Middle East, according to a Bank of America ...
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US-Norway spat over wealth fund’s Caterpillar exit is settling, foreign minister says

By John Irish and Gwladys Fouche UNITED NATIONS/OSLO (Reuters) -A spat between the United States and Norway over the Nordic country’s wealth fund’s divestment from U.S. construction equipment-maker Caterpillar appears to be coming to an end, Norwegian Foreign Minister Espen ...
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Chile to curb budget growth as Codelco ramps up recovery, minister says

By Fabian Cambero SANTIAGO (Reuters) -Chile will have a “responsible” 2026 budget with a limited increase while state-run Codelco, the world’s largest copper miner, seeks to recover from recent production problems, the country’s new finance minister told Reuters on Wednesday. In ...
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Fidelity launches new trading platform for retail investors

By Suzanne McGee (Reuters) -Fidelity Investments is rolling out a major upgrade to its trading platform on Thursday to meet the rapidly growing demand for new tools by self-directed individual investors.     The new Fidelity Trader+ platform will offer real-time analytics, customizable ...
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Eli Lilly halts trial of experimental weight-loss drug

(Reuters) -Eli Lilly has halted a study of an experimental drug, which is designed to prevent obesity patients from losing too much muscle, due to strategic business reasons, according to a U.S. registry of clinical trials. The drugmaker was testing ...
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Chip cooling startup Corintis raises $24 million, adds Intel CEO Lip-Bu Tan to board

By Aditya Soni and Stephen Nellis SAN FRANCISCO -Corintis, a Swiss startup promising more rapid liquid chip-cooling technology, has raised $24 million and added Intel CEO Lip-Bu Tan to its board as artificial intelligence fuels demand for better heat management ...
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Two bidders vie to be project manager of massive FAA US air traffic overhaul

By Allison Lampert and David Shepardson MONTREAL/WASHINGTON (Reuters) -The U.S. Federal Aviation Administration has just two candidates vying to become the project manager of a multi-billion dollar effort to overhaul air traffic control in the United States, the agency’s top ...
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Explainer-How a US government shutdown could affect financial markets

WASHINGTON (Reuters) -The risk of a partial U.S. government shutdown beginning next week is rising as congressional Democrats and Republicans hit an impasse over how to continue to fund the federal government.  A shutdown could affect financial markets by limiting the ...
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China signals that purchases of US soybeans hinge on tariff removal

BEIJING (Reuters) -The United States should remove what China described as unreasonable tariffs and create conditions to expand bilateral trade, a Chinese commerce ministry spokesperson said on Thursday when asked if China would purchase U.S. soybeans. China, the world’s biggest ...
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Boeing handed a 777 freighter to China’s Suparna Airlines

BEIJING (Reuters) -Boeing on Wednesday delivered the first of two 777 freighters ordered by China’s Suparna Airlines, the U.S. planemaker said on Thursday via its official WeChat account. It marks the first new-build freighter handed to a Chinese carrier since ...
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Parkinson’s disease at forefront of Bayer bet on cell and gene therapies

By Patricia Weiss FRANKFURT (Reuters) -Bayer’s pioneering cell and gene therapies for Parkinson’s disease are at the forefront of an exciting but risky test of CEO Bill Anderson’s development credentials as patent expiries on blockbuster drugs threaten the group’s long-term ...
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Denmark’s ‘Novo Town’ holds its breath as Wegovy fever fades

By Soren Jeppesen and Jacob Gronholt-Pedersen KALUNDBORG, Denmark (Reuters) -In Denmark’s seaside town of Kalundborg, also known as “Novo Town”, therapist Heidi Thron Rune has learnt to live with the noise of building work as new facilities take shape ...
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