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  • Financial News

    Deal on rules forcing tech giants to police content possible in April, EU’s Vestager says

    by Reuters March 28, 2022
    by Reuters March 28, 2022

    By Foo Yun Chee BRUSSELS – A deal between EU countries and EU lawmakers that would require tech giants to do more to police content on their platforms could be …

  • Financial News

    Musk says he has ‘supposedly’ tested positive for COVID again

    by Reuters March 28, 2022
    by Reuters March 28, 2022

    (Reuters) – Tesla Inc Chief Executive Officer Elon Musk said on Monday that he had “supposedly” tested positive for COVID-19, with no major symptoms. “I supposedly have it again (sigh), …

  • Financial News

    Analysis-U.S. mulls shaking up stock trading rules to aid small investors

    by Reuters March 28, 2022
    by Reuters March 28, 2022

    By Katanga Johnson and John McCrank WASHINGTON/NEW YORK – Wall Street’s regulator is considering changes to stock market rules to increase competition for orders and improve deals for retail investors, …

  • Financial News

    Chinese pork giant WH Group’s 2021 profit lifted by higher US, European sales

    by Reuters March 28, 2022
    by Reuters March 28, 2022

    BEIJING – Chinese pork processing giant WH Group Ltd on Monday reported a 7.2% rise in annual profit to $1.043 billion driven by higher sales in the United States and …

  • Financial News

    Exclusive-SpaceX ending production of flagship crew capsule -executive

    by Reuters March 28, 2022
    by Reuters March 28, 2022

    By Joey Roulette (Reuters) – SpaceX has ended production of new Crew Dragon astronaut capsules, a company executive told Reuters, as Elon Musk’s space transportation company heaps resources on its …

  • Financial News

    Japan to begin work on relief package to counter rising fuel, food costs

    by Reuters March 28, 2022
    by Reuters March 28, 2022

    By Kentaro Sugiyama and Kantaro Komiya TOKYO – Japan’s prime minister will order the government on Tuesday to put together a fresh relief package by the end of April to …

  • Financial News

    In Brazil, your internet provider may be a mobster, cops say

    by Reuters March 28, 2022
    by Reuters March 28, 2022

    By Gram Slattery RIO DE JANEIRO – As Rio de Janeiro residents sheltered at home last year during the deadliest phase of Brazil’s COVID-19 outbreak, police detective Gabriel Ferrando said …

  • Financial News

    Buyout firm TPG’s fourth-quarter earnings jump 34% on strong asset sales

    by Reuters March 28, 2022
    by Reuters March 28, 2022

    By Chibuike Oguh (Reuters) – TPG Inc said on Monday its fourth-quarter after-tax distributable earnings rose 34% year-on-year, driven by strong asset sales across its portfolio of private equity, impact …

  • Financial News

    Apple to cut iPhone, AirPods output – Nikkei

    by Reuters March 28, 2022
    by Reuters March 28, 2022

    (Reuters) -Apple Inc is planning to lower iPhone and AirPod production due to a demand slowdown caused by the Ukraine crisis and rising inflation, the Nikkei newspaper reported on Monday, …

  • Financial News

    Nearly 60% of Toshiba shareholders rejected spin-off plan

    by Reuters March 28, 2022
    by Reuters March 28, 2022

    By Makiko Yamazaki TOKYO -Nearly 60% of Toshiba Corp shareholders voted last week against a plan to spin off its devices business, a breakdown of the vote showed. A separate …

  • Financial News

    U.S. Treasury yield curve divergence sends mixed recession signals

    by Reuters March 28, 2022
    by Reuters March 28, 2022

    By Gertrude Chavez-Dreyfuss NEW YORK -Two measures of the U.S. Treasury yield curve that are widely watched for recession warnings have veered in opposite directions, raising questions as to what …

  • Financial News

    Poland’s InPost says it is not in takeover talks after shares jump

    by Reuters March 28, 2022
    by Reuters March 28, 2022

    (Reuters) – Polish postal locker operator InPost said on Monday that it was not in talks over selling the company, after its stock jumped by almost third following a report …

  • Financial News

    Hyundai Heavy files suit in EU court after Daewoo takeover veto

    by Reuters March 28, 2022
    by Reuters March 28, 2022

    SEOUL – Hyundai Heavy Industries Holdings said on Monday it had appealed to an EU court to fight the European Commission’s January decision to block its takeover bid for rival …

  • Financial News

    Tesla suspends Shanghai factory output for four days on COVID curbs -sources

    by Reuters March 28, 2022
    by Reuters March 28, 2022

    SHANGHAI -U.S. automaker Tesla is suspending production at its Shanghai factory for four days after the financial hub said on Sunday it would lock down in two stages to carry …

  • Financial News

    Heliogen lines up Woodside for Australian concentrated-solar-power push

    by Reuters March 28, 2022
    by Reuters March 28, 2022

    By Sonali Paul MELBOURNE – Bill Gates-backed Heliogen has secured funding from top Australian oil and gas producer Woodside Petroleum for a full-scale trial of its concentrated-solar-power (CSP) technology ahead …

  • Financial News

    Medicago’s tobacco ties jeopardize growth of its COVID shot

    by Reuters March 28, 2022
    by Reuters March 28, 2022

    By Amruta Khandekar and Mrinalika Roy (Reuters) -Canadian vaccine maker Medicago’s COVID-19 vaccine, approved last month in Canada, is facing limited growth in the near-term after the World Health Organization …

  • Financial News

    UK’s Ted Baker rebuffs U.S. private equity firm’s takeover proposals

    by Reuters March 28, 2022
    by Reuters March 28, 2022

    By Muhammed Husain (Reuters) -Britain’s Ted Baker said on Monday it had rejected two unsolicited takeover proposals from private-equity firm Sycamore Partners Management as they significantly undervalued the fashion retailer. …

  • Financial News

    BOJ offers four days unlimited bond-buying to defend yield cap

    by Reuters March 28, 2022
    by Reuters March 28, 2022

    By Leika Kihara TOKYO -Struggling to swim against the tide taking interest rates higher globally, the Bank of Japan staunchly defended its 0.25% yield cap on Monday by offering to …

  • Financial News

    Exclusive-AMC CEO says more meme-stock powered deals are coming

    by Reuters March 28, 2022
    by Reuters March 28, 2022

    By Mike Spector (Reuters) – AMC Entertainment Holdings Inc Chief Executive Adam Aron said the movie-theater chain would embark on more “transformational” deals to capitalize on the interest of retail …

  • Financial News

    Ratings firm S&P Global cuts euro zone growth forecast to 3.3%

    by Reuters March 28, 2022
    by Reuters March 28, 2022

    LONDON – Credit rating agency S&P Global cut its euro zone growth forecast for the year on Monday to 3.3% from 4.4% previously, saying higher energy prices caused by the …

  • Financial News

    Orsted sells 50% of British wind farm to French consortium

    by Reuters March 28, 2022
    by Reuters March 28, 2022

    COPENHAGEN – Denmark’s Orsted said on Monday it had agreed to sell half of the Hornsea 2 project in Britain, which will become the world’s biggest offshore wind farm, to …

  • Financial News

    Marketmind: King cash is naked

    by Reuters March 28, 2022
    by Reuters March 28, 2022

    A look at the day ahead in markets from Julien Ponthus. Storing wealth in cash is clearly a counter-intuitive call when inflation is surging towards double-digit figures for the first …

  • Financial News

    SK Hynix CEO says top shareholder to secure $1.6 billion for M&A in chips, blockchain

    by Reuters March 28, 2022
    by Reuters March 28, 2022

    SEOUL – The CEO of South Korean chipmaker SK Hynix said on Monday that its largest shareholder, SK Square, is considering merger and acquisition deals involving chip companies. “We are …

  • Financial News

    Column-Funds flock back to curve flatteners after Fed lift-off: McGeever

    by Reuters March 28, 2022
    by Reuters March 28, 2022

    By Jamie McGeever ORLANDO, Fla. – Hedge funds bet correctly on the U.S. yield curve flattening after the Fed kicked off its interest rate-raising cycle earlier this month, the first …

  • Financial News

    Take Five: A quarter to forget

    by Reuters March 28, 2022
    by Reuters March 28, 2022

    (Reuters) -As a tumultuous quarter approaches its end, markets will watch U.S. and euro zone data to gauge just how aggressive central banks might get in their fight against inflation. …

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