By Susan Mathew (Reuters) -European shares rose strongly on Monday, helped by banks and commodity-linked stocks, while investors kept an eye out for U.S. inflation data and details from a European Central Bank meeting later this week. The pan-European STOXX 600 index rose 0.8% after ending 0.9% lower last week on concerns about economic growth,…
(Reuters) – European shares rose on Monday helped by miners and luxury stocks as China eased more COVID-19 restrictions, while investors kept an eye out for U.S. inflation data and details from a European Central Bank meeting later this week. The pan-European STOXX 600 index rose 0.6% by 0719 GMT after ending 0.9% lower last…
(Reuters) -British drugmaker GSK said on Monday its vaccine, Priorix, was approved by the U.S. Food and Drug Administration (FDA) for the prevention of measles, mumps and rubella (MMR) in those aged one year and above. The vaccine can be given as two doses, and may also be administered as a second shot to individuals…
BEIJING (Reuters) -China’s Ant Group, a financial technology (fintech) giant controlled by billionaire Jack Ma, on Monday said it has launched a digital wholesale bank incorporated in Singapore, dubbed ANEXT Bank. ANEXT received approval from the Monetary Authority of Singapore (MAS) to commence business on June 2, Ant and wholly owned ANEXT said in a…
By Jeffrey Dastin and Paresh Dave (Reuters) -Taser-maker Axon Enterprise Inc said on Sunday it was halting work on a project to equip drones with stun guns to combat mass shootings, a prospect that a member of its AI ethics board told Reuters was prompting an exodus from the panel. The May 24 school shooting…
NEW YORK (AP) — Stocks are off to a higher start on Wall Street Monday led by more gains in big tech companies. The S&P 500 was up 0.8%. The benchmark index is coming off its eighth losing week in the last nine. The Nasdaq rose 1.2% and the Dow rose 0.5%. Twitter fell 4%…
SINGAPORE (Reuters) – Top oil exporter Saudi Arabia may raise prices of all grades of crude it sells to Asia in July following strong refining margins for gasoline and jet fuel, while expectations of a rebound in China’s demand also supported prices, trade sources said. The July official selling price (OSP) for flagship Arab Light…
By Selena Li HONG KONG (Reuters) -Fund manager Elliott Associates has sued London Metal Exchange (LME) for $456 million following the suspension and cancellation of nickel trades on the platform owned by Hong Kong Exchanges and Clearing Ltd, the Hong Kong bourse said on Monday. LME and LME Clear Limited have been named as defendants…
(Reuters) – Saudi Arabia, the world’s top oil exporter, raised July crude oil prices for Asian buyers to higher-than-expected levels amid concerns about tight supply and expectations of strong demand in summer. The official selling price (OSP) for July-loading Arab Light to Asia was hiked by $2.1 a barrel from June to $6.5 a barrel…
By Praveen Menon SYDNEY (Reuters) -Russian aluminium producer Rusal has filed a lawsuit against global miner Rio Tinto, seeking to win back access to its 20% share of the alumina produced at a jointly owned refiner in Queensland. The lawsuit challenges Australia’s response to Russia’s invasion of Ukraine, which included wide-ranging sanctions against Russian firms…
