By Gram Slattery and Marta Nogueira RIO DE JANEIRO (Reuters) – Brazilian mining company Vale SA has dropped a $1.2 billion claim against individuals and entities linked to Israeli-born billionaire Beny Steinmetz, the miner said in a statement on Monday. Vale and Steinmetz have been locked in a multi-pronged legal battle for years resulting from…
SAN FRANCISCO (Reuters) -Tesla chief executive Elon Musk donated a total of 5,044,000 shares in the world’s most valuable automaker to a charity from Nov. 19 to Nov. 29 last year, its filing with U.S. Securities and Exchange Commission showed on Monday. Based on the Nov. 18 closing price of Tesla shares, the donation was…
By Scott Murdoch SYDNEY (Reuters) – Asian share benchmarks dropped on Tuesday as investors contemplated the implications of a potential imminent Russian invasion of Ukraine. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.4% in early regional trade after stock markets in the United States and Europe lost ground on Monday. Japan’s Nikkei…
By Svea Herbst-Bayliss BOSTON (Reuters) -Peloton Interactive Inc’s stock price tumbled more than 50% in the last three months of 2021 but several prominent investment firms were so sure the at-home fitness company could regain its footing that they bought new or added to existing positions. Durable Capital Partners, run by former T. Rowe Price…
TOKYO (AP) — Japan’s economy grew at an annual pace of 5.4% in October-December, boosted by improved consumer spending and exports, the government said Tuesday. On a quarterly basis, Japan’s real gross domestic product, or GDP, which measures the value of a nation’s products and services, grew 1.3% in the last three months of the…
SEOUL (Reuters) – South Korea’s antitrust regulator is investigating U.S. electric car maker Tesla Inc over allegations the company exaggerated the specifications of its batteries, an official at the Korea Fair Trade Commission (KFTC) said on Tuesday. Yonhap news agency on late Monday reported the KFTC had sent a report to the electric vehicle (EV)…
(Reuters) – Air Lease Corp said on Monday it would lease 25 Boeing 737 MAX jets to Malaysia Airlines’ parent to be delivered between early 2023 and 2026 through the lessor’s orderbook with the manufacturer. Malaysia Aviation Group (MAG) Chief Executive Izham Ismail said in a statement that the deal was tied to the restructured…
OMAHA, Neb. (AP) — Warren Buffett’s company placed a rare bet on a technology company late last year and it has already paid off in a big way. Berkshire Hathaway revealed in documents filed with regulators on Monday that it bought near 15 million shares in game publisher Activision Blizzard during the last three months…
By Rod Nickel (Reuters) -The province of Alberta will toughen its greenhouse gas emissions standards for oil sands mines, closing a loophole that rewarded some of Canada’s highest-emitting facilities with millions of dollars’ worth of tradeable credits, its environment ministry told Reuters. Alberta is updating industry benchmarks that set emissions reduction requirements per unit of…
By Stephen Culp NEW YORK (Reuters) – The S&P 500 index closed modestly lower on Monday, largely recovering from a sharp sell-off, as U.S. plans to close its Kyiv embassy in Ukraine sent simmering geopolitical tensions to a boil. All three major U.S. stock indexes dropped sharply after U.S. Secretary of State Antony Blinken announced…
