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Global investors pull back, cautious over tech valuations and US labour

(Reuters) -Global equity fund inflows cooled significantly in the week to November 12 as worries about stretched technology valuations and signs of softening U.S. labour market conditions fuelled risk-off sentiment. According to LSEG Lipper data, global investors bought just $4.11 billion worth of equity funds ...
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Hungary to mount court challenge to EU’s planned phase-out of Russian energy, Orbán says

BUDAPEST, Hungary (AP) - Hungary will challenge the European Union's plan to end Russian energy imports and take the case to an EU court, Prime Minister Viktor Orbán said Friday. Speaking on state radio, Orbán accused the bloc of trying to sidestep his veto power ...
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India’s Glenmark posts higher quarterly profit on strong demand in N.America, Europe

(Reuters) -India's Glenmark Pharmaceuticals reported a 72% jump in second-quarter adjusted profit on Friday, on recovery in key North American and European markets. The drugmaker reported a consolidated net profit of 6.1 billion rupees ($69.4 million) for the quarter ended September 30, up from 3.54 ...
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Bristol Myers, J&J halt heart drug trial after interim review

(Reuters) -Bristol Myers Squibb and Johnson & Johnson said on Friday they would stop a late-stage trial of their experimental blood clot drug in heart attack patients, after an independent review found the study was unlikely to meet its main goal. The trial was testing ...
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Enbridge approves $1.4 billion project to boost Canadian oil flows to U.S. refiners

(Reuters) -Canadian pipeline operator Enbridge on Friday approved a $1.4 billion expansion of its Mainline and Flanagan South pipelines, adding new capacity for Canadian heavy crude into the U.S. Midwest and Gulf Coast. The project adds additional takeaway capacity for Canadian crude and broadens access ...
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RedBird Capital withdraws bid for UK’s Telegraph newspaper

LONDON (Reuters) -U.S.-based private investment firm RedBird Capital Partners said on Friday it has withdrawn its 500 million pound ($671.05 million) bid for Britain's Telegraph Media Group, the publisher of the Daily and Sunday Telegraph newspapers. "RedBird has today withdrawn its bid for the ...
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New York pauses gas ban as court fight plays out

(The Center Square) - New York is halting a statewide mandate to build all-electric buildings, as a legal challenge over the new regulations plays out in federal court. In ...
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German government to subsidize industry’s energy prices in bid to revitalize economy

BERLIN (AP) - Germany's governing coalition agreed to subsidize energy prices for heavy industry over the next three years as it tries to breathe new life into a stubbornly slow economy that is weighing on Europe's performance. Chancellor Friedrich Merz said he and other coalition ...
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Details of Swiss-U.S. trade deal could emerge on Friday

By John Revill ZURICH (Reuters) -Details of a potential deal between Switzerland and the United States to reduce the crippling 39% tariffs on Swiss exports could emerge as soon as Friday, but it may be months before it is signed, Richemont Chairman Johann Rupert said. Rupert, ...
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US futures drop on fading December rate-cut expectations

(Reuters) -U.S. stock index futures dipped on Friday, signaling a fresh round of selloff on Wall Street after hawkish comments from Federal Reserve officials added to doubts about an interest rate cut in December. The three major U.S. stock indexes posted their steepest daily percentage ...
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Skittish tech stock investors turn to Nvidia results for next cues

By Lewis Krauskopf NEW YORK (Reuters) -Turbulence in technology stocks could ratchet higher in the coming week as investors react to the quarterly report from Nvidia Corp, the world's largest company by market value that is at the heart of Wall Street's artificial intelligence trade. On ...
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London judge finds global mining giant BHP Group liable in Brazil’s worst environmental disaster

LONDON (AP) - A London judge ruled Friday that global mining giant BHP Group is liable in Brazil's worst environmental disaster when a dam collapse 10 years ago unleashed tons of toxic waste into a major river, killing 19 people and devastating villages downstream. High ...
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