By Bansari Mayur Kamdar and Noel Randewich (Reuters) – The Nasdaq ended sharply higher on Monday, with growth stocks staging a late-day rally after Twitter agreed to be bought by billionaire Elon Musk. Twitter surged after announcing it would be bought by Musk in a deal that will shift control of the social media giant…
By Lewis Krauskopf and Saikat Chatterjee NEW YORK/LONDON (Reuters) -After a rocky week for U.S. stocks, a number of Wall Street strategists are pointing to reasons for further caution as investors face tightening monetary policy, corporate earnings, seasonal weakness and other factors that could spell more trouble for equities. The S&P 500 was last down…
WASHINGTON (Reuters) – The U.S. Treasury Department on Monday extended general licenses for Russia’s GAZ Group through May 24, authorizing certain activities involving the van maker and transactions necessary to divest or transfer debt, equity or other holdings in the company. (Reporting by Chris Gallagher and Tim Ahmann; Editing by Doina Chiacu)
MEXICO CITY (Reuters) – Mexico’s economy is thought to have expanded between January and March for the first time in three quarters, driven by domestic consumption and a rebound in exports, a Reuters survey showed on Monday. Gross domestic product (GDP) is expected to have grown 1.1% in the first quarter from the previous three-month…
FRANKFURT (Reuters) – German exchange operator Deutsche Boerse raised its full-year targets on Monday as it reported better-than-expected quarterly results thanks to higher trading activity. The company said it now expects 2022 net revenue over 3.8 billion euros ($4.07 billion) and earnings before interest, taxes, depreciation and amortisation (EBITDA) over 2.2 billion euros as its…
BRUSSELS (AP) — Former Ecuador president Rafael Correa said the political asylum he has been granted in Belgium is proof he is persecuted by his country’s authorities and did not rule out a return to politics in an interview with The Associated Press on Monday. Correa, who in 2020 was found guilty of corruption and…
(Reuters) – S&P Global Ratings cut Sri Lanka’s rating as an issuer of foreign currency debt to ‘selective default’ after the South Asian country missed sovereign bond interest payments, S&P said on Monday. The bonds which had missed payments, maturing in 2023 and 2028, were cut to ‘default’ and the overall rating could be further…
By Bansari Mayur Kamdar and Devik Jain (Reuters) -U.S. stock indexes fell on Monday, extending a sharp selloff from last week as fears over China’s COVID-19 outbreaks spooked investors already worried about faster U.S. interest rate hikes denting economic growth. The worries reverberated across world markets, with Chinese shares marking their biggest slump since a…
FRANKFURT (Reuters) – German diversified group Bayer has seen a “very successful start to the year”, driven by a favourable environment in agricultural markets, it said on Monday. “In the agriculture business, in particular, we see a much more positive market environment than in previous years,” Chief Executive Werner Baumann said in a written speech…
(Reuters) -UnitedHealth Group has agreed to sell Change Healthcare’s claims editing business for $2.2 billion in a move some analysts say could ease regulatory hurdles in the way of an $8 billion merger between the healthcare companies. Earlier this year, the U.S. Department of Justice (DoJ) sued to stop the acquisition for giving UnitedHealth access…
