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 …
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(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 Reutersby ReutersBy 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 Reutersby ReutersBEIJING – 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 Reutersby ReutersBy 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 Reutersby ReutersBy 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 …
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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 Reutersby ReutersBy 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 …
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(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, …
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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 Reutersby ReutersBy 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 Reutersby Reuters(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 Reutersby ReutersSEOUL – 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 Reutersby ReutersSHANGHAI -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 Reutersby ReutersBy 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 …
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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 Reutersby ReutersBy 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. …
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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 Reutersby ReutersBy 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 …
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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 …
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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 …
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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 Reutersby ReutersSEOUL – 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 Reutersby ReutersBy 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 …
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(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. …