By David Lawder (Reuters) – The United States and Japan on Monday announced a deal to remove Trump-era tariffs from about 1.25 million metric tons of Japanese steel imports annually after Washington granted similar access for European Union steelmakers last year. The new deal, which excludes aluminum, will take effect on April 1 and requires…
By Anshuman Daga SINGAPORE (Reuters) – Asian equities consolidated recent gains as investors’ sentiment improved amid strong results by U.S. companies, helping stocks recover from the worst start to the year since 2016, while a resurgent euro paused ahead of U.S inflation data. Markets are still alert for rate increases in both the euro zone…
By Emily Chow BEIJING (Reuters) – Oil prices eased on Tuesday morning ahead of the resumption of indirect talks between the United States and Iran which may revive a nuclear deal that could lead to the removal of sanctions on Iranian oil sales, increasing global supplies. Brent crude was last down 36 cents, or 0.4%,…
By Harish Sridharan and Byron Kaye (Reuters) -Australia’s Macquarie Group Ltd said it booked record quarterly net profit thanks to strong commodity markets and “exceptional” asset sales in infrastructure and other sectors, adding it should continue to benefit as interest rates rise. Profit contribution from commodities trading and investment banking rose “substantially” in the third…
By Jane Lanhee Lee (Reuters) – SoftBank Group Corp’s sale of Arm Ltd to U.S. chipmaker Nvidia Corp has collapsed, a source familiar with the matter told Reuters on Monday, adding that Arm will plan for an IPO. The deal has faced several regulatory hurdles, with the U.S. Federal Trade Commission suing to block it…
(Reuters) – SoftBank Group Corp’s $66 bln sale of Arm Ltd to U.S. chipmaker Nvidia Corp has collapsed on Monday, the Financial Times reported, citing three people with direct knowledge of the transaction. The Japanese investment giant would receive a break-up fee of up to $1.25 billion, the newspaper quoted one of the people as…
SEOUL (Reuters) – South Korea’s LG Energy Solution Ltd (LGES) said on Tuesday it swung to profit in the October-December quarter, though its electric vehicle (EV) battery demand was weaker than expected as automakers grapple with a global chip shortage https://www.reuters.com/business/autos-transportation/why-is-there-global-chip-shortage-why-should-you-care-2021-03-31. The battery maker, which went public https://www.reuters.com/markets/europe/lg-energy-solution-debuts-after-13-trillion-frenzy-skoreas-biggest-ipo-2022-01-26 last month in the country’s biggest ever…
LAS VEGAS (AP) — Maurice Gallagher, the longtime CEO of budget airline Allegiant, will step down as CEO of the airline’s parent company and be replaced by company President John Redmond on June 1. Allegiant Travel Co. announced the change in CEOs on Monday. Gallagher will remain chairman. Gallagher said the change in CEOs formalizes…
MENLO PARK, Calif. (AP) — Peter Thiel, a Silicon Valley billionaire and advisor to former President Donald Trump, is leaving the board of directors of Facebook parent company Meta. The company said Monday that Thiel will stay on until Meta’s next shareholder meeting later this year, where he will not stand for reelection. Thiel joined…
(Reuters) -Take-Two Interactive Software Inc on Monday projected fourth-quarter revenue below market expectations, a sign that its thin lineup of new titles would overshadow the boost from the “Grand Theft Auto” franchise. The publisher of “NBA 2K” and “WWE 2K” games also missed estimates for net bookings – the total amount products and services sold…
