TOKYO (Reuters) – Shares in Japan’s Sony Group were untraded with a glut of sell orders on Wednesday after gaming rival Microsoft said it will buy developer Activision Blizzard in a record $68.7 billion deal. (Reporting by Sam Nussey; Editing by Muralikumar Anantharaman)
(Reuters) -Ford Motor Co said on Tuesday its fourth-quarter results would include an $8.2 billion gain on its investment in Rivian Automotive Inc, following the electric-vehicle maker’s blockbuster market debut in November. Rivian had soared as much as 53% to cross $100 billion in the biggest initial public offering of 2021, but the company’s shares…
By David Shepardson WASHINGTON (Reuters) – AT&T and Verizon Communications on Tuesday agreed to temporarily defer turning on some wireless towers near key airports to avert a significant disruption to U.S. flights. President Joe Biden hailed the agreement, saying it “will avoid potentially devastating disruptions to passenger travel, cargo operations, and our economic recovery, while…
(Reuters) -Australia’s Lynas Rare Earths Ltd posted record second-quarter revenue on Wednesday, as demand for metals used in electric vehicles (EVs) grew amid a global push for reducing carbon emissions. The prices of neodymium and praseodymium (NdPr), widely used to make magnets that power EV motors, have nearly tripled over the past 14 months, as…
NEW YORK (Reuters) -Wells Fargo & Co named Derek Flowers as its new chief risk officer, leading all aspects of the lender’s risk management systems, the bank said in a statement on Tuesday. Flowers replaces Mandy Norton https://www.reuters.com/markets/us/wells-fargos-chief-risk-officer-leave-bloomberg-news-2022-01-04, who served as the bank’s chief risk officer since 2018 and is planning to retire in June….
(Reuters) – Ford Motor Co said on Tuesday it gained $8.2 billion on its investment in electric-vehicle maker Rivian Automotive Inc in the fourth quarter. (Reporting by Aishwarya Nair in Bengaluru)
By David Shepardson WASHINGTON (Reuters) -AT&T and Verizon Communications on Tuesday agreed to temporarily defer turning on some wireless towers near key airports to avert a significant disruption to U.S. flights. President Joe Biden hailed the agreement saying it “will avoid potentially devastating disruptions to passenger travel, cargo operations, and our economic recovery, while allowing…
By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) – Benchmark U.S. Treasury yields jumped to two-year highs and major equity market indexes fell more than 1% on Tuesday as traders braced for the Federal Reserve to be more aggressive in tightening monetary policy to tackle inflation. The dollar hit a six-day high following the…
By Davide Barbuscia (Reuters) -A fast pace of monetary policy readjustment to curb inflation could lead to a flattening of the U.S. Treasuries yield curve, warned BlackRock chief Larry Fink, amid a recent spike in yields that some said had echoes of 2013 “taper tantrum.” The shape of the yield curve reveals investor expectations for…
By Promit Mukherjee JOHANNESBURG (Reuters) – Coca-Cola Beverages Africa (CCBA), the biggest bottling unit of Coca-Cola in the continent, is eyeing further consolidation of the parent’s bottling operations there, its chief executive said on Tuesday, as it prepares to go public. CCBA is the Atlanta-based company’s eighth biggest bottling company with operations in 14 countries…
