By Amruta Khandekar and Bansari Mayur Kamdar (Reuters) – Wall Street was set to open higher on Friday, as U.S. jobs grew lesser than expected in March but unemployment rate fell to a new two-year low, underscoring solid momentum in the economy. Futures pared gains but stayed in the positive territory after the Labor Department’s…
MILAN (Reuters) – French luxury goods group Kering agreed to pay almost 187 million euros ($207 million) to settle a dispute with Italian tax authorities centred on its fashion brand Bottega Veneta, three sources with direct knowledge of the matter said on Friday. In a statement, the Milan prosecutor referred to a tax investigation into…
Shares of GameStop surged Friday after the video game retailer announced that it would attempt its first stock split in 15 years. The Grapevine, Texas, company said in a regulatory filing late Thursday that it wants to increase its share count to 1 billion, from 300 million, so it can implement a stock split in…
America’s employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy’s resilience in the face of a still-destructive pandemic, Russia’s war against Ukraine and the highest inflation in 40 years. The government’s report Friday showed that last month’s job growth helped shrink the unemployment rate to 3.6%….
By Joseph White DETROIT (Reuters) – Major automakers are expected to report on Friday that first-quarter U.S. car and light truck sales fell sharply compared to a year ago, with more uncertainty ahead because of parts shortages, high fuel prices and rising interest rates. J.D. Power and LMC Automotive forecast that January-March U.S. car and…
By Emma-Victoria Farr LONDON (Reuters) – Financial investors including KKR and EQT are considering offers for a stake in listed German laboratory supplier Stratec, sources familiar with the matter told Reuters on Friday. According to a report by Bloomberg, Permira and CVC are also interested in a 40.55% stake held by company founder Hermann Leistner…
By Balazs Koranyi FRANKFURT (Reuters) -Euro zone inflation surged to 7.5% in March, hitting another record high with months still left before it is set to peak, raising pressure on the European Central Bank to rein in runaway prices even as growth slows sharply. Consumer price growth in the 19 countries sharing the euro accelerated…
(Reuters) – Global bond funds drew their first weekly inflow in about three months in the week ended March 30, as a dip in oil prices tempered some concerns over inflation during the week. According to Refinitiv Lipper, global bond funds received $3.5 billion in the week to March 30, their first weekly inflow since…
By Jane Lanhee Lee OAKLAND, Calif. (Reuters) – When Silicon Valley chipmaker Marvell learned that one of its chips was found in a Russian surveillance drone recovered in 2016, it set out to investigate how that came to be. The chip, which costs less than $2, was shipped in 2009 to a distributor in Asia,…
MILAN (Reuters) – UniCredit has finalised the sale of its remaining 18% stake in Turkey’s Yapi Kredi Bank to Istanbul-listed Koc Holding, Italy’s second-biggest lender said on Friday. The transaction, which was announced in November, allows the Italian bank to complete its exit from Turkey’s third-biggest lender, UniCredit said without disclosing financial terms of the…
