Financials rise with 10-yr yield Tech shares down, weighing on Nasdaq Utilities sector hits record high Indexes: Dow up 0.4%, S&P 500 up 0.5%, Nasdaq down 0.2% For the week, Dow up 0.3%, S&P 500 up 1.8%, Nasdaq up 2% NEW YORK, March 25 (Reuters) – The S&P 500 ended higher on Friday as financial […]
DETROIT/BEIJING, March 25 (Reuters) – A year ago Tesla dismissed the alternative path of electric car battery swapping as “riddled with problems and not suitable for widescale use”. It seems Beijing disagrees. In fact, China is pushing hard for swappable batteries for electric vehicles (EVs) as a supplement to regular vehicle charging, with the government […]
Banks face mounting pressure to commit to custody roles Banks say they will meet existing client obligations Some clients afraid exits will follow as costs soar LONDON/NEW YORK, March 23 (Reuters) – Global banks including Citigroup Inc (CN), JPMorgan Chase & Co (JPM.N) and Societe Generale (SOGN.PA) face pressure to commit to remaining as custodian […]
A board with the logo of the Moscow Exchange is on display in its office in Moscow, Russia March 10, 2020. REUTERS/Shamil Zhumatov Register now for FREE unlimited access to Reuters.com Register March 23 (Reuters) – Russia plans to resume some stock trading on Thursday after a near month-long hiatus, with 33 ruble securities to […]
NEW YORK, March 22 (Reuters) – The top US securities regulator on Tuesday urged a federal judge not to let Elon Musk escape an agreement requiring that his Twitter use be monitored, which the Tesla Inc (TSLA.O) chief executive considers part of a campaign of harassment. In a filing in the federal court in Manhattan, […]
Firm had said in Jan proposal would come within 6 months Won’t meet March 31 deadline for audited 2021 results Planned deal with CITIC Trust, Guangzhou could provide model HONG KONG/BEIJING, March 22 (Reuters) – Embattled China Evergrande Group (3333.HK) will unveil a debt restructuring proposal for its creditors by the end of July, it […]
HONG KONG/BEIJING, March 22 (Reuters) – Chinese regulators have asked some of the country’s US-listed firms, including Alibaba, Baidu and JD.com, to prepare for more audit disclosures, sources said, as Beijing steps up efforts to ensure domestic companies remain listed in New York. This comes as China’s regulators are considering a proposal to allow their […]
US Federal Reserve Chairman Jerome Powell testifies during the Senate Banking Committee hearing titled “The Semiannual Monetary Policy Report to the Congress”, in Washington, US, March 3, 2022. Tom Williams/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register March 21 (Reuters) – Federal Reserve Chair Jerome Powell on Monday delivered his most […]
Move could pave way for IMF agreement, analysts say Central Bank hikes overnight rates 100 basis points Higher wheat import prices drive inflation Government sets prices for non-subsidized bread CAIRO, March 21 (Reuters) – Egypt devalued its pound by 14% on Monday after Russia’s invasion of Ukraineprompted foreign investors to pull billions of dollars out […]
WASHINGTON, March 21 (Reuters) – The US securities regulator on Monday proposed requiring US-listed companies to disclose a range of climate-related risks and greenhouse gas emissions, part of President Joe Biden’s push to join global efforts to avert climate-related catastrophes . The US Securities and Exchange Commission (SEC) unveiled its long-anticipated draft rule under which […]
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