By Tom Westbrook SINGAPORE (Reuters) – The dollar was on the back foot and the euro climbed on Tuesday, as regional bank jitters had traders expecting U.S. interest rate cuts before long, while in Europe a 50 basis point hike remains a live option at next week’s central bank meeting. The euro rose above $1.10…
By Stephanie Kelly (Reuters) – Oil prices slipped in early trade on Tuesday, paring gains from the previous session, as investors weighed strong holiday travel in China that could boost fuel demand with the prospect of rising interest rates elsewhere slowing economic growth. Brent crude fell 7 cents to $82.66 a barrel at 0013 GMT,…
By David Shepardson and Heekyong Yang WASHINGTON/SEOUL (Reuters) -General Motors Co and Samsung SDI are expected to announce as early as Tuesday that they plan to build a new joint-venture battery manufacturing plant in the United States, sources told Reuters. Reuters reported in January that GM and LG Energy Solution would not move forward with…
By Blake Brittain (Reuters) -Tax-preparation giant H&R Block Inc and Block Inc , the company formerly known as Square, have jointly agreed to dismiss H&R Block’s lawsuit over Block’s name change, according to a Friday filing in Missouri federal court. The companies asked the court to dismiss the case with prejudice, which means it cannot…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. As world markets tread water ahead of U.S. mega-tech earnings and the Bank of Japan meeting this week, investors on Tuesday will have one eye on the first estimate of South Korean GDP growth in the first quarter…
By Sinéad Carew, Sruthi Shankar and Ankika Biswas (Reuters) – The Nasdaq closed lower on Monday, underperforming the S&P 500 and the Dow, with pressure from high-profile megacaps as investors awaited results from companies including Microsoft while Tesla shares fell on concerns about its spending plans. Tesla Inc finished down 1.5% after the automaker raised…
By Stephen Nellis (Reuters) -A U.S. appeals court on Monday upheld a federal court’s order that could force Apple Inc to change payment practices in its App Store, and Apple said it may appeal the decision. The U.S. 9th Circuit Court of Appeal upheld a 2021 order in an antitrust case brought by “Fortnite” creator…
(Reuters) – Rising concerns that the U.S. Treasury Department could hit its debt limit in the coming months are leading investors to shun certain Treasury bills and pour into others as they seek out low risk places to park cash. Congress will need to raise the U.S. debt ceiling or risk a catastrophic debt default,…
By Valerie Insinna WASHINGTON (Reuters) – Boeing Co is expected to reveal whether the latest 737 MAX manufacturing problem will derail the U.S. plane maker’s annual goals for passenger jet deliveries and free cash flow when it unveils its first quarter financial results on Wednesday. Investors are clamoring for details on the extent of the…
(Reuters) -Lawsuits have been filed over the terms of last month’s emergency deal to save Swiss lender Credit Suisse by selling it to its bigger rival UBS. The 3 billion Swiss franc ($3.4 billion) rescue, hammered out over a weekend during a bout of turmoil in the global banking sector, upended a long-established practice of…
