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Bloomberg Markets
The manager of a $9.6 billion Lazard Asset Management fund used the July plunge in Samsung Electronics Co. to add the stock to her portfolio for the first time in more than a year.
Bloomberg Markets
Amidst an already volatile economic and geopolitical backdrop, Europe is faced with a new a challenge in the form of an escalating climate crisis. Hot, dry weather across the continent has put communities under threat from deadly wildfires. Rivers and critical waterways are also in danger of falling water levels which could also cause disruptions to power facilities and fracture the transportation of coal, fuel, and industrial commodities. The Opening Trade spoke with guests about what the ongoi
Bloomberg Markets
The price of a key Chinese steel product has dropped to the lowest in almost a decade as a prolonged property downturn sapped construction demand and swelled inventories.
Yahoo Finance
Yahoo Finance
Yahoo Finance
Yahoo Finance
Yahoo Finance
Yahoo Finance
Bloomberg Markets
Bloomberg Markets
Rheinmetall CEO Armin Papperger says he is “very unhappy” after Germany withdrew a €10 billion naval contract, saying it wasn’t a “responsible use of budgetary funds," a decision that forced the defense company to cut its outlook. Papperger made the comments in an interview with Bloomberg TV’s Francine Lacqua on August 6. (Source: Bloomberg)
Bloomberg Markets
Allianz SE, the owner of bond manager Pacific Investment Management Co., generated record second-quarter profit on better results in its insurance and asset management businesses.