(Reuters) – Shares of Beyond Meat Inc surged 13% in premarket trading on Friday as the plant-based meat maker’s results indicated that its cost control measures were finally bearing fruit. At least three brokerages lifted their price targets on Beyond Meat’s shares, after the company on Thursday topped expectations for quarterly sales for the first…
(Reuters) – EU anti-trust chief Margrethe Vestager said any damage to European competitiveness from U.S. subsidies was likely to be limited. Some European companies might be interested in investing in the United States rather than Europe, but their decisions would be based on more than just the new U.S. subsidies, she told the Wall Street…
By David Lawder and Christian Kraemer BENGALURU (Reuters) – The U.S. nominee to lead the World Bank, ex-MasterCard CEO Ajay Banga, gained traction with leading members on Friday, a sign that he will likely have a smooth ride to confirmation by the bank’s executive board. The finance ministers of France and Germany gave positive reviews…
By Ron Bousso LONDON (Reuters) -Oil prices extended gains for a second session on Friday as the prospect of lower exports from Russia offset rising inventories in the United States and concerns over global economic activity. Brent crude futures rose 89 cents, or 1.1%, to $83.10 per barrel by 1042 GMT. On the anniversary of…
LONDON (Reuters) – Russia’s invasion of Ukraine has disrupted economies and markets around the world, from energy and food prices to European banks, emerging market stocks and the Russian currency. Below are five charts that show how Europe’s biggest conflict since World War Two has shaped global financial markets in the last 12 months. 1/THE…
KUALA LUMPUR (Reuters) -Malaysia on Friday unveiled a scaled-back spending plan for the year and plans to tax the wealthy as Prime Minister Anwar Ibrahim focuses on narrowing the budget deficit. Three months into the job, Anwar is having to balance fiscal prudence with demands to address higher costs of living and a slowdown in…
By David Lawder BENGALURU (Reuters) – U.S. Treasury Secretary Janet Yellen said on Friday that U.S. inflation was coming down but there was still more work to do to bring it in line with the Federal Reserve’s 2% annual target. Yellen also told reporters on the sidelines of a G20 finance ministers and central bank…
By Harish Sridharan (Reuters) -Australian logistics company Brambles Ltd raised its annual earnings outlook on Friday as it offset cost pressures with product price hikes, sending its shares 7.5% higher in their best session in over nine months. The Sydney-based firm, which owns and rents crates and pallets globally to retailers and consumer goods companies,…
A look at the day ahead in European and global markets from Tom Westbrook Kazuo Ueda, who takes over as Bank of Japan governor in April, does not give the impression of a man in a hurry. His surprise nomination for the job sent markets into a tizz a couple of weeks back as investors…
SHANGHAI (Reuters) -Nio plans to build its first battery plant to produce big cylindrical cells similar to those used by Tesla, two people familiar with the matter said, as the Chinese EV maker seeks to cut its reliance on CATL for supplies. The plant underscores Nio’s ambition to ramp up its presence in the electric…
