By Stephen Culp NEW YORK (Reuters) – Wall Street closed sharply lower on Monday as investors started the holiday-shortened week in a risk-off mood, as rising bond yields weighed on market-leading growth stocks ahead of crucial inflation data. All three major U.S. stock indexes ended deep in negative territory, with tech and tech-adjacent stocks pulling…
By Francesca Landini and Stephen Jewkes MILAN (Reuters) -The Benettons and U.S. investment fund Blackstone are aiming to launch a takeover offer for Italy’s Atlantia this week without involving directly other partners for now, two sources close to the matter said on Monday. One of the sources said the bid could be announced before Saturday,…
By Andrea Shalal WASHINGTON (Reuters) – Sharply higher global food and energy prices due to the war in Ukraine are hitting poor countries, and better mechanisms for dealing with sovereign debt stress will be needed to stave off defaults, the IMF said on Monday. “The war in Ukraine is adding risks to unprecedented levels of…
WASHINGTON (Reuters) – U.S. consumer prices likely increased by the most in 16-1/2 years in March as Russia’s war against Ukraine boosted the cost of gasoline to record highs, resulting in annual inflation rising at its fastest pace since the early 1980s. The Labor Department’s consumer price report on Tuesday would seal the case for…
By Ann Saphir (Reuters) -Chicago Federal Reserve Bank President Charles Evans on Monday signaled he would not necessarily oppose getting interest rates up to a neutral setting of 2.25% to 2.5% by the end of the year, a pace that would require a couple of 50 basis-point rate hikes at upcoming Fed meetings. “Fifty is…
By Ann Saphir (Reuters) – Chicago Federal Reserve Bank President Charles Evans on Monday signaled he would not necessarily oppose getting interest rates up to a neutral setting of 2.25% to 2.5% by the end of the year, a pace that would require a couple of 50 basis-point rate hikes at upcoming Fed meetings. “Fifty…
(Reuters) -On the weekend Elon Musk was expected to join Twitter’s board, the billionaire tweeted to his about 81 million followers ideas and changes he wanted to bring to the micro-blogging platform and deleted a few of those tweets hours after rejecting the seat. The week-long drama started when Musk disclosed a 9.1% stake in…
(Reuters) -The Russian central bank said on Monday it had temporarily suspended publishing data on foreign trade on a monthly basis in the first such suspension since 1997. The central bank was due to release a foreign trade balance for January-February on Monday, as initially planned, according to its data release schedule. The central bank…
(Reuters) – Moderna Inc on Monday named Jorge Gomez, a senior executive at dental products maker Dentsply Sirona Inc, as its new chief financial officer, effective May 9. Gomez, who has been serving as the finance chief of Dentsply since August 2019, will succeed David Meline, who has decided to retire, Moderna said. (https://bit.ly/3xfDPwX) Before…
(Reuters) -The rouble weakened sharply on Monday, reversing some of the previous week’s gains, after Russia relaxed temporary capital control measures aimed at limiting a drop in the currency. Shares in Rosbank, a Russian subsidiary of French bank Societe Generale, jumped 40% after SocGen said it would quit Russia and take a 3 billion euros…
