(Reuters) -Elon Musk said on Friday his $44-billion deal for Twitter Inc was temporarily on hold, citing pending details on spam and fake accounts. “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk said in a tweet. Shares of the social media company…
TOKYO (AP) — Honda’s fiscal fourth quarter profit slipped to almost half of what the Japanese automaker earned the previous year as it endured supply shortages and rising raw materials costs. Tokyo-based Honda Motor Co. reported Friday that its profit was 124.8 billion yen ($967 million) in the January-March quarter, down 41% from 213.3 billion…
(Reuters) – Global equity funds witnessed a surge in outflows in the week ended May 11, as fears of an economic slowdown and further tightening by major central banks to tame stubborn inflation spooked investors. In a fifth straight week of net selling, investors liquidated global equity funds worth $10.53 billion, compared with just $1.65…
By Noah Browning LONDON (Reuters) -Oil prices rose on Friday but were headed for their first weekly loss in three weeks as worries about inflation and China’s COVID lockdowns slowing global growth offset concerns about dwindling supplies from Russia. Brent crude futures were up 85 cents, or 0.8%, at $108.30 a barrel at 0900 GMT,…
LONDON (Reuters) – The euro edged off five-year lows to rise back above $1.04 on Friday, but it is headed for a big weekly loss after Russia’s decision to restrict gas supplies to Europe renewed fears about an economic slowdown in the euro zone. The single currency has been battered in recent weeks by a…
WEISSENHAUS, Germany (AP) — Ukraine’s foreign minister said Friday that his country is willing to engage in diplomatic talks with Russia to unblock grain supplies and to achieve a political solution to the war in Ukraine but won’t accept ultimatums from Moscow. Foreign Minister Dmytro Kuleba said the Ukrainian government had received “no positive feedback”…
BEIJING (Reuters) -China will offer subsidies, tax breaks and easier loans to boost prospects for college graduates, the cabinet said on Friday, as a record number prepare to enter the workforce this year amid downside risks to economic growth stemming from COVID-19 curbs. The subsidies are aimed at small firms, while graduates launching start-ups stand…
By Makiko Yamazaki and Sam Nussey TOKYO (Reuters) -Japan’s Toshiba Corp said on Friday it has received interest from 10 potential investors after it solicited buyout offers. It also announced a special dividend of 160 yen per share, worth some $545 million, in an apparent effort to placate activist shareholders it has long been at…
NEW YORK (AP) — Wall Street closed out another volatile week of trading with a broad rally Friday, though it wasn’t nearly enough to keep the market from its sixth straight weekly drop, the longest such streak since 2011. The S&P 500 climbed 2.4%. More than 90% of the companies in the benchmark index closed…
A look at the day ahead in markets from Dhara Ranasinghe. After a wild ride, markets are in a calmer mood for now. Yet, it is Friday 13 and those prone to superstition would be forgiven for being extra cautious on a day renowned for being unlucky. Given turbulence across asset classes this week, it’s…
