By Hannah Lang (Reuters) -Block Inc posted a rise in first-quarter revenue on Thursday as its popular payments platform Cash App continued to drive growth, a metric investors will watch closely following U.S. short-seller Hindenburg Research’s disclosure in March of short positions in the firm. Shares of Block, formerly called Square, were up more than…
SAO PAULO (Reuters) – Heineken NV, the world’s second-largest brewer, said on Thursday it will invest 1.5 billion reais ($300.8 million) in Brazil as part of an expansion plan for its premium and single malt beer portfolios. Brazilian beer drinkers are among the world’s biggest consumers of Heineken, according to the company. The planned investment…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A sea of red on Wall Street and renewed turmoil across the U.S. regional banking sector on Thursday suggest Asian markets go into Friday’s session on the defensive, bringing what has been a surprisingly resilient week for local…
WASHINGTON (Reuters) -Pressure is growing on U.S. regulators to take more steps to shore up the country’s banking sector as a renewed rout in regional lenders’ shares forced PacWest Bancorp to explore options to bolster its balance sheet. Wall Street executives and bank analysts called for regulators to quickly provide more protection for bank deposits…
(Reuters) – Russian drones attacked the Ukrainian capital Kyiv on Thursday evening, the fourth assault in as many days subjecting residents to spasms of gunfire and explosions, and at least one drone was shot down. FIGHTING * Russia said the United States was behind a purported drone attack on the Kremlin on Wednesday night aiming…
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve data on Thursday showed a large part of the central bank’s emergency lending activities in recent weeks were tied up with the now-shuttered First Republic Bank. The Fed reported that while overall emergency lending to banks in the latest week tipped down a bit, the…
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve data on Thursday showed a large part of the central bank’s emergency lending activities in recent weeks were tied up with the now-shuttered First Republic Bank. The Fed reported that while overall emergency lending to banks in the latest week tipped down a bit, the…
By Sarah N. Lynch WASHINGTON (Reuters) -A jury on Thursday convicted four members of the far-right Proud Boys militia group including its former leader Enrique Tarrio of seditious conspiracy, finding they plotted to attack the U.S. Capitol on Jan. 6, 2021, in a failed bid to block Congress from certifying President Joe Biden’s election victory….
By Elvira Pollina and Juby Babu (Reuters) – Telecom Italia (TIM) said on Thursday it was unhappy with sweetened bids submitted by suitors for its fixed network, and set a final deadline of June 9 to receive an improved offer from at least one of the bidders. TIM directors gathered on Thursday to draw a…
(Reuters) -U.S. shale producers EOG Resources Inc and Coterra Energy Inc beat first-quarter estimates on Thursday, joining their peers in benefiting from a sustained fuel demand and tight crude supplies. Shares of EOG rose 1% after the bell and Coterra added 3.5%. Benchmark Brent crude was still above levels that allow oil and gas producers…
