LONDON (Reuters) – Uncertainty over the economic outlook and the banking sector prompted investors to move money back into cash and gold in the week to Wednesday, according to BofA Global Research. But the current environment is tricky to trade, as evidenced by a push into perceived risky assets such as tech stocks and the…
(Reuters) – The U.S. House of Representatives on Friday voted to repeal President Joe Biden’s suspension of tariffs on solar panels from four Southeast Asian nations with manufacturing facilities owned by China. The resolution passed in a 221-202 vote. It will now be sent to the Democratic-controlled Senate for consideration. The White House has…
(This April 25 story has been corrected to rectify the name of the firm to Morgan Stanley Investment Management, not Morgan Stanley Asset Management, in paragraph 14) By Stephen Culp NEW YORK (Reuters) – U.S. stocks sold off, closing deep in negative territory, and Treasury yields dropped on Tuesday as disappointing earnings and soft economic…
By Shilpa Jamkhandikar, Aditya Kalra and Munsif Vengattil MUMBAI (Reuters) – The video streaming business of Mukesh Ambani, Asia’s richest person, is likely to focus on pricing and local content following a deal with Warner Bros as it seeks to challenge the likes of Disney and Netflix in India, industry sources said. Under the content…
By Vladimir Soldatkin, Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – Russia’s central bank held its key interest rate at 7.5% on Friday, keeping the need for rate hikes on the table over lingering inflationary risks and flagging demand-side factors that could threaten its goal of returning inflation to target. Governor Elvira Nabiullina said the…
By Elizabeth Howcroft LONDON (Reuters) – Mastercard will expand its cryptocurrency payment card programme by seeking more partnerships with crypto firms, the company’s head of crypto and blockchain said, even as the sector comes under closer scrutiny from regulators and banks grow wary. Mastercard has already partnered with crypto exchanges including Binance, Nexo and Gemini…
NEW DELHI (Reuters) – India’s infrastructure output expanded 3.6% year-on-year in March, its slowest pace in five months, in part dragged by a contraction in electricity and cement output, government data showed on Friday. The country’s infrastructure output last grew at a slower pace, of 0.1% year-on-year, in October 2022. Infrastructure output—which comprises eight sectors,…
TOKYO (Reuters) – Toyota Motor Corp affiliate Daihatsu rigged part of the door in side-collision safety tests carried out for some 88,000 small cars, most of which were sold under the Toyota brand, the companies said on Friday. They said the door trim on the affected vehicles had been modified with a “notch” to minimise…
By Alex Lawler LONDON (Reuters) – The U.S. crude oil being added to the global Brent benchmark will lack the list of cargoes scheduled to load that could help set the price, a change for an industry that is accustomed to using such programmes to assess supplies. Oil-index publisher S&P Global Platts is adding U.S….
By Fabian Cambero SANTIAGO (Reuters) -While Chile’s plan to take control of its lithium industry has caused global shockwaves, state-led production of the metal used to make electric vehicle batteries is seen by analysts as likely years away given technical and political challenges. President Gabriel Boric last week said he would move to gradually nationalize…
