– Shares of the largest publicly listed U.S. crypto exchange Coinbase slipped in premarket trading on Monday, after a surge in traffic following a Super Bowl advertisement resulted in the …
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By Makiko Yamazaki TOKYO – Japan’s Toshiba Corp plans an extraordinary general meeting of shareholders on March 24, to seek their initial approval to hive off its devices business, the …
- SportsUS and World News
Olympics-Valieva’s entourage under investigation by World Anti-Doping Agency
by Reutersby ReutersBy Steve Keating, Karolos Grohmann and Gabrielle Tétrault-Farber BEIJING – The world’s top anti-doping authority will investigate the entourage of 15-year-old Russian figure skater Kamila Valieva who tested positive for …
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By Jonathan Saul, Elisa Anzolin and Francesca Landini LONDON/MILAN – Sixty-five years after Aristotle Onassis founded Greece’s Olympic Airways, another shipping entrepreneur is planning to take to the skies – …
- Business News
Goldman Sachs cuts S&P 500 forecast to under 5,000 as inflation worsens
by Reutersby Reuters– Goldman Sachs has tempered its outlook for the S&P 500 index, expecting it to stay below the 5,000 mark this year as rising inflation threatens to derail a nascent …
- Business News
Whistleblowers raise accounting issues at Clariant, shares plunge
by Reutersby ReutersBy Michael Shields ZURICH – Clariant has delayed the release of its 2021 results as investigators probe whistleblowers’ allegations that some staff manipulated accounts in 2020 and 2021 to help …
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By Jody Godoy NEW YORK – Former Goldman Sachs banker Roger Ng is accused of bribery and money laundering charges in connection with the multibillion-dollar looting of Malaysia’s 1MDB sovereign …
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By Sabrina Valle HOUSTON – Exxon Mobil Corp has bet billions of dollars on offshore drilling in Brazil, an area it once abandoned and now sees as key to its …
- SportsUS and World News
NFL-Rams beat Bengals in thriller to win Super Bowl on home field
by Reutersby ReutersBy Rory Carroll INGLEWOOD, Calif. -The Los Angeles Rams rallied late to beat the Cincinnati Bengals 23-20 on Sunday to deliver a Hollywood ending to the Super Bowl, securing the …
- Business News
Britain fines JD Sports, Footasylum as CEO meetings breach order
by Reutersby ReutersBy Sachin Ravikumar -Britain fined sportswear retailers JD Sports and Footasylum on Monday, saying meetings between their bosses breached an order that barred the two merged companies from integrating further. …
- Business News
Some Chinese firms revive New York IPO plans after regulatory crackdown
by Reutersby ReutersBy Samuel Shen and Scott Murdoch SHANGHAI/HONG KONG – At least six Chinese companies have lodged documents for New York listings in recent weeks, filings showed, promising an end to …
- Business News
Explainer-What charges does ex-Goldman banker Ng face in 1MDB corruption trial?
by Reutersby ReutersBy Luc Cohen – Opening statements in former Goldman Sachs banker Roger Ng’s U.S. corruption trial https://www.reuters.com/markets/us/rogue-employee-or-goldman-scapegoat-ex-bankers-1mdb-corruption-trial-kick-off-2022-02-10 over the looting of hundreds of millions of dollars from Malaysia’s 1MDB sovereign …
- Business News
Column-Funds on right side of historic U.S. bond market move: McGeever
by Reutersby ReutersBy Jamie McGeever ORLANDO, Fla. – Hedge funds look to be on the right side of the seismic moves in Treasuries that have propelled short-dated borrowing costs higher, intensified flattening …
- Business News
Boeing not concerned about titanium supply, watching other pinch points
by Reutersby ReutersBy Chen Lin SINGAPORE – Boeing Co is not concerned about a potential disruption to Russian titanium supplies because of tensions over Ukraine, but is keeping a close watch on …
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A look at the day ahead in markets from Dhara Ranasinghe. Central banks and their interest rate intentions are taking a back seat for markets on Monday, following warnings that …
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BEIJING -U.S. electric vehicle maker Tesla Inc sold 59,845 China-made vehicles in January, the China Passenger Car Association (CPCA) said on Monday. Tesla, which is making Model 3 sedans and …
- Business News
Lockheed scraps $4.4 billion deal to buy Aerojet amid regulatory roadblocks
by Reutersby Reuters– U.S. arms maker Lockheed Martin Corp called off plans on Sunday to acquire rocket engine maker Aerojet Rocketdyne Holdings Inc for $4.4 billion amid opposition from U.S. antitrust enforcers. …
- Business News
Analysis-Abundant lower-quality Asian wheat supplies to fill corn shortage
by Reutersby ReutersBy Naveen Thukral SINGAPORE – Record volumes of lower quality wheat from India and Australia are set to fill a gap left in Asia’s animal feed market by a shortage …
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By Nick Carey and Anthony Deutsch LONDON/UTRECHT, Netherlands – As electric vehicle (EV) sales rise, the big question for power grid operators, charging companies and governments is how to run …
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(This story fixes reference to last week in paragraph six) By John O’Donnell and Brenna Hughes Neghaiwi FRANKFURT – Weary Credit Suisse investors fear a long wait for the bank …
- Business News
Australia’s Crown Resorts backs $6.3 billion Blackstone bid, ending Packer era
by Reutersby ReutersBy Byron Kaye and Shashwat Awasthi SYDNEY – Crown Resorts Ltd backed a $6.3 billion buyout from private equity giant Blackstone Inc on Monday, giving billionaire James Packer an exit …
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TOKYO -Japanese beverage maker Kirin Holdings said on Monday it would withdraw from its business in Myanmar and terminate its joint venture with a military-linked partner. Kirin has been in …
- Business News
Commerzbank shares fall after finance minister says govt to shed stake in future
by Reutersby ReutersBERLIN – Shares in Commerzbank fell 5% in Lang & Schwarz pre-market trade on Monday after Germany’s Finance Minister said the government would not keep its stake in the lender …
- Business News
Singapore bank DBS profit rebounds, rates outlook improves outlook
by Reutersby ReutersBy Anshuman Daga SINGAPORE – DBS Group flagged strong business momentum after its profit rose to a record last year, cementing a recovery for Southeast Asia’s largest lender as pandemic-hit …
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MILAN – Shipping group MSC and airline Lufthansa are interested in buying a majority stake in Alitalia’s successor, ITA Airways, despite the airline’s history of failed privatisations and 170 million …