(Adds dropped letter in first paragraph) By Clare Jim and Marc Jones HONG KONG/LONDON (Reuters) – China’s property sector saw more drama on Monday after reports Shimao – investment grade-rated until a couple of months ago – had put all its projects up for sale, and Evergrande attempted to avoid another high-profile default. More unwelcome…
By Ernest Scheyder (Reuters) – Tesla Inc has signed its first U.S. nickel supply deal, choosing Talon Metals Corp’s Tamarack mine project in Minnesota due to plans to make the electric vehicle battery metal in a way it considers more environmentally friendly. The deal, announced on Monday, comes as demand for nickel is expected to…
(Reuters) – Apparel retailer Abercrombie & Fitch Co said on Monday it expects fourth-quarter net sales to rise between 4% and 6%, or $1.17 billion to $1.19 billion, from the year-ago quarter. Analysts, on an average, expect fourth-quarter sales at $1.24 billion, according to IBES data from Refinitiv. (Reporting by Ananya Mariam Rajesh in Bengaluru;…
By Alexander Hübner and Christoph Steitz FRANKFURT (Reuters) – U.S. financial investor Cerberus, which has favoured a merger of Deutsche Bank and Commerzbank in the past, on Monday divested a large chunk of its holdings in the two top German lenders, the bank running the sale said. The sale marks a significant scaling back by…
By Nichola Saminather and Sohini Podder TORONTO (Reuters) -Canada’s major banks plan to pursue their quest for growth south of the border, their top executives said on Monday, after Bank of Montreal’s $16.3 billion Bank of the West buy last month. With billions of dollars of excess capital and share prices close to record highs,…
By David Henry and Matt Scuffham NEW YORK (Reuters) – JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Monday the economy is generating so much inflation that the Federal Reserve might have to raise short-term interest rates https://www.reuters.com/markets/funds/goldman-sachs-expects-four-fed-rate-hikes-this-year-2022-01-10 more than four times this year. Speaking to CNBC, Dimon said, “It’s possible that…
By Elizabeth Dilts Marshall NEW YORK (Reuters) – General Motors Co on Monday launched a credit card with Goldman Sachs Group Inc and revamped its rewards program to let customers earn more points to put toward buying or leasing Buicks, Cadillacs and other GM cars, the automaker and bank said in a joint statement. Issued…
By Koh Gui Qing NEW YORK (Reuters) – World stocks stumbled again on Monday while the 10-year Treasury yield hit a two-year high as bets that the U.S. Federal Reserve could raise interest rates as soon as March led investors to pare risky assets. Monday’s drop follows a bruising first week of the year when…
PARIS (Reuters) – Airbus kept its crown as the world’s largest commercial airplane supplier for the third year running as it outstripped Boeing by delivering 611 jets in 2021, company data showed on Monday. The delivery numbers gave Airbus an unassailable lead on revenue-generating deliveries – the industry’s main yardstick – after Boeing only handed…
By Bansari Mayur Kamdar and Shreyashi Sanyal (Reuters) -Wall Street’s main indexes tumbled on Monday, as heavyweight technology stocks dropped on expectations of a sooner-than-expected rate hike that pushed U.S. Treasury yields to fresh two-year highs. The Nasdaq fell as much as 10.37% below its intraday record level reached on Nov. 22. It was last…
