By Selena Li and Lawrence White HONG KONG/LONDON (Reuters) – HSBC tripled its profit in the first quarter as rising interest rates boosted its income, beating analyst forecasts and helping the bank pay its first quarterly dividend since 2019. The strong results reported by HSBC and Asian rival DBS on Tuesday underscore how aggressive policy…
(Reuters) – The New York Stock Exchange said on Tuesday it will delist shares of First Republic Bank, the lender that was seized by regulators before JPMorgan Chase & Co acquired most of its assets. Apart from the company’s common stock, seven different types of its preferred stock will also be delisted. Trading in all…
By Blake Brittain (Reuters) -A U.S. judge in California on Monday declared a mistrial in Masimo Corp’s smartwatch trade secret lawsuit against Apple Inc after jurors failed to reach a unanimous verdict in the potential billion-dollar case. A Masimo spokesperson said in a statement that the company was “disappointed that the jury was unable to…
By Karen Brettell NEW YORK (Reuters) – The dollar pared gains on Tuesday after data showed that U.S. job openings fell in March while factory orders came in below economists’ expectations, a day before the Federal Reserve is expected to hike rates by an additional 25 basis points. The U.S. Labor Department said that U.S….
DUBLIN (Reuters) – AerCap expects to deliver full-year earnings at the higher end of its guidance as a broadening travel recovery and shortage of new aircraft boosts demand for plane leases and sales, the world’s largest aircraft lessor said on Tuesday. Chief Executive Officer Aengus Kelly said first quarter demand, in particular for engine leases…
WASHINGTON (Reuters) – New orders for U.S.-made goods rebounded in March, boosted by a jump in civilian aircraft bookings, but the overall manufacturing industry continued to struggle under the weight of higher interest rates. Factory orders increased 0.9% after decreasing 1.1% in February, the Commerce Department said on Tuesday. Economists polled by Reuters had forecast…
BERLIN (Reuters) – Germany needs to be decisive in consolidating its public finances and to set clear spending priorities, German Finance Minister Christian Lindner said on Tuesday. “The state can’t continue to spend more money than taxpayers provide,” he said at a press conference after the 27th meeting of the Stability Council on federal and…
By Andrea Shalal and Pete Schroeder WASHINGTON (Reuters) – JPMorgan Chase & Co’s deal to buy First Republic Bank pushed the Biden administration into a corner, leaving officials scrambling to explain how their stance against mergers squared with allowing the largest U.S. bank to get even bigger. At a White House event on small business…
By Nupur Anand, Anirban Sen, David French and Isla Binnie NEW YORK (Reuters) -On March 12, as several U.S. banks reeled from a crisis in confidence, JPMorgan Chase & Co put its might behind First Republic Bank, giving the troubled lender what two sources said was a $10 billion financing. The JPMorgan facility did not…
By Akriti Sharma (Reuters) -Tesla Inc has raised prices in a range of up to $290 in Canada, China, Japan and the United States, its website showed on Monday, after the company slashed prices of its top-selling vehicles since the start of the year. The hike was the first on its two top-selling models at…
