(Reuters) – SpaceX chief Elon Musk said on Saturday that its Starlink satellite broadband service has been told by some governments, not Ukraine, to block Russian news sources. “We will not do so unless at ‘gunpoint’, sorry to be a free speech absolutist”, he said in a tweet. Musk also said that SpaceX was reprioritized…
By Kevin Yao and Ryan Woo BEIJING (Reuters) -China on Saturday targeted slower economic growth of around 5.5% this year as headwinds including an uncertain global recovery and a downturn in the country’s vast property sector cast a pall on the world’s second-largest economy. As economic conditions soften, the central bank has started cutting interest…
By Eric M. Johnson and Tim Hepher SEATTLE/PARIS (Reuters) – Boeing Co has preliminary plans to boost production of its cash cow 737-family narrowbody to around 47 per month by the end of next year, as the U.S. planemaker looks to extend its recovery from successive crises, two people familiar with the matter said. After…
BEIJING (Reuters) – China will continue its crackdown on monopolies to ensure fair competition, Premier Li Keqiang said in a report released ahead of the start of the annual session of parliament on Saturday. Li also singled out the integrated circuits and artificial intelligence industries as priority areas for the government to build up domestic…
By Dhara Ranasinghe, Yoruk Bahceli and Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) -Financial indicators signalled increasing signs of stresses spreading through global markets on Friday as concerns grow over the wider economic fallout of Russia’s invasion of Ukraine. With stock market prices and bond yields falling, gauges regarded as stress indicators are attracting investor attention. The…
ROME (Reuters) – Italian banks were instructed by the Bank of Italy’s financial intelligence division on Friday to urgently let it know of all measures taken to freeze the assets of people and entities targeted by sanctions against Russia. Western allies have moved to isolate Russia’s economy and financial system since its invasion of Ukraine,…
By Lewis Krauskopf NEW YORK (Reuters) – Geopolitical worries are clouding the outlook for U.S. stocks, even as Russia’s invasion of Ukraine moderates expectations for how aggressively the Federal Reserve will tighten monetary policy in coming months. Concerns over the conflict weighed on the S&P 500 on Friday, as the index pared a rally that…
By Devik Jain and Noel Randewich (Reuters) – Wall Street ended lower on Friday as the war in Ukraine overshadowed an acceleration in U.S. jobs growth last month that pointed to strength in the economy. Most of the 11 major S&P sector indexes declined, with financials leading the way with a 2% drop as investors…
SEOUL (Reuters) – Samsung Electronics said on Saturday shipments to Russia have been suspended “due to current geopolitical developments.” “We continue to actively monitor this complex situation to determine our next steps,” the company said in a statement. Samsung Electronics is No. 1 in handsets in Russia with 30% market share as of the fourth…
(Reuters) -Exchange operator Cboe Global Markets on Friday declared a regulatory halt in trading on the VanEck Russia ETF, which has tumbled since Russia’s invasion of Ukraine last week. Cboe also said it was halting trading of the much smaller VanEch Russia Small-Cap ETF. “Cboe BZX Exchange has declared a Regulatory Halt in RSX and…
