Investing.com -- The supervisory board of STMicroelectronics NV (NYSE:STM), a Franco-Italian company, has expressed renewed support for its Chief Executive Officer Jean-Marc Chery, Chief Financial Officer Lorenzo Grandi, and the entire management team. This backing comes a day after the Italian government publicly withdrew its support for the chipmaker’s management.The board’s endorsement wa ...
By Shashwat Chauhan and Purvi Agarwal(Reuters) - Wall Street’s main indexes fell on Thursday, coming off a blistering rally following U.S. President Donald Trump’s move to temporarily lower the heavy tariffs on dozens of countries.The U-turn came less than 24 hours after the new tariffs took effect on most trading partners, lifting the S&P 500 to its biggest single-day percentage gain sinc ...
SINGAPORE/LONDON (Reuters) - The cost of insuring against sovereign and corporate defaults on European and Asian debt fell on Thursday as investors breathed a sigh of relief at a pause on some of the heaviest U.S. tariffs.U.S. President Donald Trump on Wednesday stunned markets with an abrupt decision to introduce a 90-day pause on the import tariffs on dozens of countries that were due to come in ...
DUBAI (Reuters) -Dubai-based Mashreq has entered a partnership with Goldman Sachs Asset Management to offer discretionary investment services and tap growing demand for professionally managed portfolios in the Gulf.As the number of high-net-worth individuals, keen for sophisticated investment strategies, increases in the region, a joint statement said services resulting from the collaboration woul ...