By Caroline Valetkevitch NEW YORK (Reuters) – Stocks on global indexes rose on Monday, with the Nasdaq and growth names leading gains on Wall Street, while the U.S. dollar strengthened on talk of more sanctions against Moscow following international outrage over Ukraine civilian killings. Adding to investor caution, the 2-year/10-year Treasury yield curve remained inverted,…
By Katanga Johnson WASHINGTON (Reuters) – Gary Gensler, the head of the U.S. securities regulator, said on Monday the agency is weighing how it could extend investor protections afforded to users of exchanges and alternative trading platforms to crypto trading platforms. The expanded Securities and Exchange Commission (SEC) oversight would require the agency to register…
MILAN (Reuters) -KKR cannot confirm its 10.8 billion euro takeover approach for Telecom Italia (TIM) unless Italy’s biggest telecoms group provides access to the its books, the U.S. fund said in a letter to TIM, according to a source. KKR submitted its non-binding takeover proposal for TIM in November, having already invested 1.8 billion euros…
(Reuters) – In the run-up to Tesla Inc Chief Executive Elon Musk’s public disclosure of a $3 billion stake in Twitter, the billionaire had criticized the microblogging site for failing to adhere to free speech principles and said he was contemplating building a new social media platform. The world’s richest person in the past months…
By Luc Cohen NEW YORK (Reuters) -A former Goldman Sachs banker should be convicted of helping loot billions of dollars from Malaysia’s 1MDB sovereign wealth fund and causing “immeasurable” harm, a U.S. prosecutor told jurors in her closing argument on Monday. Roger Ng, Goldman’s former top investment banker for Malaysia, faces charges he helped his…
By Jonathan Stempel NEW YORK (Reuters) – Valentino SpA said on Monday it has settled litigation with the landlord of its former American flagship on Manhattan’s Fifth Avenue, which the Italian fashion company abandoned because of the COVID-19 pandemic. In a statement, Valentino said its amicable settlement with the landlord 693 Fifth Owner LLC calls…
NEW YORK (AP) — Jamie Dimon laid out a laundry list of big risks looming for the global and U.S. economy in his letter to JPMorgan Chase shareholders on Monday, Dimon’s annual letter has become something of a tradition for JPMorgan investors as well as the public. Never too shy to share his thoughts on…
(Reuters) – Air Lease Corp confirmed its order for 32 Boeing 737 MAX jets on Monday, as it seeks to meet increasing demand for the narrow-body jets from airlines eager to tap into the rebound in air travel. The aircraft lessor, which had signed a memorandum of understanding to purchase new MAX jets in February,…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Some well-timed trades in the options on Twitter Inc, in the days before Tesla Inc’s top boss Elon Musk revealed a large stake in the social media company, are raising eyebrows among options analysts. On Monday, Musk revealed a 9.2% stake in Twitter, making him the biggest…
BERLIN (AP) — Germany on Monday put a government agency in charge of a longtime German subsidiary of Russia’s state-owned energy giant Gazprom after an opaque move last week by the parent company to cut ties with the unit. Economy Minister Robert Habeck said Germany’s network regulator has been appointed as Gazprom Germania’s trustee until…
