Yield curves around the world,
led by U.S. Treasuries, have flattened relentlessly this year in
a sign that growth will not be fast enough to stoke higher
inflation as short-term interest rates rise. But, not so in
JPMorgan Chase & Co's asset
management arm is liquidating a $1 billion credit hedge fund led
by Fahad Roumani after abandoning a plan to spin it off,
Bloomberg reported on Thursday, citing a letter to investors.
Norwegian oil firm
Aker Energy will delay submitting a plan for development of its
block off Ghana until early next year to allow time to complete
appraisal drilling, expected to start in October, its chief
executive said on Thursday.
Campbell Soup Co
said on Thursday it plans to sell its international and fresh
refrigerated-foods units and left open the possibility of
putting the whole company up for sale, following a months-long
review and pressure from a hedge fund to sell itself outright.
Warren Buffett, the billionaire
chairman of Berkshire Hathaway Inc , on Thursday said
the conglomerate has begun repurchasing its stock for the first
time since 2012, and has added a "little" to its already huge
stake in Apple Inc ...