By Joe Skipper and Steve Gorman BOCA CHICA, Texas (Reuters) – Elon Musk’s SpaceX on Thursday launched its next-generation Starship cruise vehicle for the first time atop the company’s powerful new Super Heavy booster rocket, in a highly anticipated, uncrewed test flight from the Gulf Coast of Texas. The two-stage rocketship, standing taller than…
(Reuters) -A clutch of U.S. regional lenders saw deposits drop in the first-quarter as clients reeling from a crisis of confidence in the banking sector moved to bigger institutions and sought refuge in money market funds. The flight of deposits at Fifth Third Bancorp, Comerica, Truist Financial Corp and KeyCorp dampened gains that the lenders…
By Kirstin Ridley LONDON (Reuters) -More than 300,000 investors in the failed equity income fund run by one-time star stock picker Neil Woodford have been offered potential redress of up 235 million pounds ($292 million) after a four-year British investigation. The Financial Conduct Authority (FCA) said investors should consider the proposal by Link Fund Solutions…
(Reuters) -AT&T Inc on Thursday missed Wall Street estimates for its first-quarter revenue, signaling intense competition from deep-pocketed rivals Verizon Communications Inc and T-Mobile US Inc. Shares of the Dallas, Texas-based company fell nearly 4% in trading before the bell. The stock gained about 7% this year, as of Wednesday’s close. Much like other sectors,…
By Helen Reid LONDON (Reuters) – IKEA stores owner Ingka Group will spend 2 billion euros ($2.2 billion) expanding in the United States over the next three years, its biggest investment in a single country, in a bet to win American customers as other big-box retailers close stores. Sweden’s IKEA, which opened its first U.S….
SEOUL (Reuters) – The South Korean government and its top battery companies plan to jointly invest 20 trillion won ($15.1 billion) through 2030 to develop advanced battery technologies including solid-state batteries, the industry ministry said on Thursday. “The joint investment will allow South Korea to start commercial production of solid state batteries ahead of others,”…
BERLIN (Reuters) – Deutsche Bank plans to reduce its executive board to nine members from 10 and to cut some jobs in infrastructure and in its private banking business to save costs, a source close to the bank told Reuters on Thursday. Germany’s largest bank, which is due to present first-quarter results on April 27,…
(Reuters) – Consumer healthcare group Haleon expects 2023 organic revenue growth towards the upper end of its 4%-6% forecast, it said on Thursday, on strong demand and the restocking of its respiratory health products due to a bad cold and flu season. The company, the world’s biggest standalone consumer health business that sells non-prescription drugs,…
By Leika Kihara TOKYO (Reuters) – The Bank of Japan is warming to the idea of tweaking its controversial bond yield control policy later this year, but will likely keep settings unchanged at next week’s meeting as it awaits more evidence of sustained wage growth, sources say. Kazuo Ueda chairs his first policy meeting since…
A look at the day ahead in European and global markets from Ankur Banerjee Investors have hunkered down in Asian hours with stocks drifting while the dollar clings to gains from overnight. The prevailing anxious mood is likely to continue as we head into the crucial next few weeks of central bank meetings. A Reuters…
