MADRID (Reuters) - Spain scrapped an annual bullfighting award on Friday, prompting a rebuke from conservatives over a backlash against a centuries-old tradition they see as an art form but which has run into growing concern for animal welfare.
Spanish-style bullfighting, in which the animal usually ends up killed by a sword thrust by a matador in shining garb, is for supporters a cultural tradition to be preserved, while critics call it a cruel ritual... (continue reading...)
(Reuters) - U.S. investors were net sellers of equity funds for a fifth successive week in the seven days to May 1, exercising caution ahead of the Federal Reserve's policy decision and scaling back expectations for interest rate cuts that were prevalent at the start of the year.
According to LSEG data, investors shed a net $5.48 billion worth of U.S. equity funds, extending the weekly selling trend into a fifth consecutive week.
Fed... (continue reading...)
(Reuters) - Global equity funds experienced renewed interest from investors in the seven days through May 1, buoyed by a surge in inflows to Asia amid optimism about an economic recovery in the region, particularly in China.
Investors secured a net $4.86 billion worth of global equity funds during the week, marking their first weekly net buying since March 27, data from LSEG showed.
Regionally, Asian equity funds attracted a net $5.68... (continue reading...)
(Reuters) -U.S. job growth slowed more than expected in April and annual wage gains cooled, signs of a looser labor market which are good news for markets and the Federal Reserve that will likely require more such signals before pivoting from a higher for longer policy.
Nonfarm payrolls increased by 175,000 jobs last month, the Labor Department said in its employment report on Friday. March was revised up to show payrolls rising by 315,000 jobs instead of... (continue reading...)
(Reuters) - The U.S. Federal Trade Commission has sought additional information about a $16.5 billion deal by Novo Nordisk's parent to buy manufacturing subcontractor Catalent.
The deal was announced in February and Novo Nordisk Foundation has since refiled its application to the U.S. FTC seeking regulatory approval for it.
Catalent in a regulatory filing on Friday said the companies were in the process of gathering information and... (continue reading...)
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