By Mathieu Rosemain PARIS (Reuters) -Societe Generale, France’s third-biggest listed bank, is set to cut about 900 jobs in its home country this year, two sources close to the matter said, as CEO Slawomir Krupa seeks to cut costs to boost profits. The job cuts will mostly target IT and…

By Laura Sanicola (Reuters) -Oil prices settled lower on Wednesday, pressured by low economic activity in leading crude importer China and a surprise build in inventories as producers ramped up output following frigid weather this month. futures for March, which expire on Wednesday, settled down $1.16, or about 1.4%, to…

By Fergal Smith TORONTO (Reuters) – The Canadian dollar is set to strengthen over the coming year if the U.S. Federal Reserve cuts interest rates as expected, but its gains could be held in check as mortgage renewals weigh on household spending and economic growth, a Reuters poll found. The…

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By Jonathan Stempel NEW YORK (Reuters) -A judge has rejected Abbott Laboratories (NYSE:)’ effort to dismiss a New York City grandmother’s lawsuit claiming it misled consumers into believing its PediaSure Grow & Gain nutrition drinks were “clinically proven” to help children grow taller. U.S. District Judge Paul Engelmayer in Manhattan…

Investing.com — Oil prices settled lower Wednesday, following an unexpected build in U.S. crude inventories, but snapped a three-month losing streak as a cocktail of geopolitical tensions kept global crude supply risks elevated. By 14:30 ET (19.30 GMT), the futures settled 2.5% lower at $75.85 a barrel, though was up…

Investing.com– Most Asian currencies advanced slightly on Thursday as the dollar and Treasury yields pulled further away from recent peaks, although persistent signs of deflation in China kept sentiment subdued. Markets were now awaiting more cues on U.S. interest rates after largely dialing back expectations for early rate cuts by…

Last updated: April 3, 2024 03:35 EDT | 2 min read Cathie Wood’s ARK 21 Shares Bitcoin exchange-traded fund (ETF) has recorded daily outflows of over $87 million, marking the first time it witnessed larger daily outflows than Grayscale’s Bitcoin Trust (GBTC).According to data from Farside Investors, ARK 21Shares Bitcoin ETF (ARKB) saw…

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By Dave Sherwood HAVANA (Reuters) -Cuba put off an unpopular five-fold increase in gasoline prices planned for Feb. 1 due to a cyberattack, Economy Vice Minister Mildrey Granadillo said on Wednesday, a sudden about-face hours before the hike was to take effect. “This decision is influenced by the occurrence of…