Reuters

SEOUL (Reuters) – South Korea’s LG Energy Solution Ltd (LGES) said on Tuesday it swung to profit in the October-December quarter, though its electric vehicle (EV) battery demand was weaker than expected as automakers grapple with a global chip shortage https://www.reuters.com/business/autos-transportation/why-is-there-global-chip-shortage-why-should-you-care-2021-03-31. The battery maker, which went public https://www.reuters.com/markets/europe/lg-energy-solution-debuts-after-13-trillion-frenzy-skoreas-biggest-ipo-2022-01-26 last month in the country’s biggest ever…

(Reuters) -Take-Two Interactive Software Inc on Monday projected fourth-quarter revenue below market expectations, a sign that its thin lineup of new titles would overshadow the boost from the “Grand Theft Auto” franchise. The publisher of “NBA 2K” and “WWE 2K” games also missed estimates for net bookings – the total amount products and services sold…

(Reuters) -Australia’s Macquarie Group said on Tuesday a strong performance in its markets-facing businesses helped drive a record third quarter, with the financial conglomerate flagging a significant rise in commodities income this year. The world’s top infrastructure investor, which does not disclose profit figures in quarterly updates, said the net profit contribution from its commodities,…

(Reuters) – Facebook-parent Meta Platforms Inc said on Monday that billionaire investor Peter Thiel, who has been on the company’s board since 2005, has decided to retire. Thiel, one of the social network’s earliest investors, will serve as a director until Meta’s annual shareholder meeting but will not to stand for re-election, the social media…

By Bansari Mayur Kamdar and Noel Randewich (Reuters) – Wall Street ended lower on Monday, as investors digested recent quarterly results from Facebook owner Meta Platforms and other megacaps, while Peloton jumped following reports of interest from potential buyers, including Amazon. Meta Platforms fell 5.1%, adding to losses after its bleak forecast last week caused…

By Herbert Lash NEW YORK (Reuters) -The dollar and the euro both eased on Monday after European Central Bank President Christine Lagarde calmed market expectations of a quick hike in interest rates that pushed regional bond yields in Europe up to multi-year highs. There is no need for big monetary policy tightening in the euro…

WASHINGTON (Reuters) -Democrats in the U.S. House of Representatives on Monday introduced legislation to temporarily fund federal government programs through March 11 and avoid partial agency shutdowns on Feb. 18 when existing funds expire. The move would give Democratic and Republican negotiators more time to work out funding for the remainder of the fiscal year…

By Bansari Mayur Kamdar and Noel Randewich (Reuters) – Wall Street was mixed on Monday, as investors digested recent quarterly results from megacaps Amazon and Facebook owner Meta Platforms, while Peloton jumped following reports of interest from potential buyers, including Amazon. Nine of the 11 major S&P 500 sector indexes were up at mid-day, led…

By Eric Onstad LONDON (Reuters) – An EU-funded certification scheme using blockchain is being developed for rare earths as automakers demand proof that materials used to make magnets for electric vehicles (EVs) are not linked to toxic pollution. The system will set global standards and give confidence to consumers demanding sustainable products, two of the…