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Economy

ASML’s lowered forecast suggests factory overcapacity, not chip doom

By Max A. Cherney and Stephen Nellis (Reuters) – ASML (AS:ASML)’s deep forecast cuts that sparked a global tech stock selloff signal…

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Economy

Morgan Stanley’s profit beats estimates on investment banking windfall

By Tatiana Bautzer, Manya Saini and Niket Nishant (Reuters) -Morgan Stanley’s third-quarter profit surpassed estimates on an investment banking windfall that had…

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Economy

US import prices post biggest drop in nine months in September

WASHINGTON (Reuters) – U.S. import prices fell by the most in nine months in September amid decreases in the costs of energy…

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Economy

PIMCO says UK budget unlikely to shock markets, gilts look attractive

By William Schomberg and David Milliken LONDON (Reuters) – Britain’s new government is unlikely to upset investors in its first budget this…

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