NEW YORK, Sept 4 Reuters Citadel39;s flagship hedge fund Wellington was up roughly 1 in August, a source familiar with the matter said, in a month which started with a brutal selloff in equities. Yeartodate through August, the fund posted gains of 9.9, the source added, speaking on condition of anonymity. All of its five […]

Sept 4 Reuters Britain39;s competition regulator, on Wednesday, cleared Microsoft39;s hiring of some former staff of Inflection AI and its partnership with the startup and said the deal did not required a deeper investigation. The Competition and Markets Authority began a probe in July to examine if the deal might lead to competition concerns in the country since […]

Notice period applies to new and existing employees, depending on seniority, sources say Trafigura declines to comment Energy traders like Mercuria, Gunvor, and Vitol return to metals trading LONDON, Sept 4 Reuters Commodities trading company Trafigura has extended the notice period for traders leaving the firm to a minimum of six months or up to […]

HONG KONG, Sept 5 Reuters A creditor filed a petition for the bankruptcy of a unit of China Evergrande New Energy Vehicle Group, a subsidiary of China Evergrande Group, in a Shanghai court, the third such petition against the embattled car company. Trading in NEV shares was suspended at 0152 GMT on Thursday, after the […]

Sept 4 Reuters The International Longshoremen39;s Association union, representing 45,000 workers at major container ports from Texas to Maine, will begin two days of meetings on Wednesday to review wage demands and prepare for a potential strike on Oct. 1. Formal talks have reached an impasse as the union and the United States Maritime Alliance […]

All Cathay39;s A350s expected to resume service by Saturday Source says leaking fuel system may have caused engine fire Engine maker RollsRoyce has not ordered fleetwide inspection Some Asian A350 operators inspecting engines, carriers say 15 A350s need fuel line repairs, Cathay says Sept 4 Reuters Cathay Pacific Airways said it would return all Airbus A350s to […]