(Reuters) -Elon Musk said on Friday his $44-billion deal for Twitter Inc was temporarily on hold, citing pending details on spam and fake accounts. “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk said in a tweet. Shares of the social media company…
(Reuters) – Global equity funds witnessed a surge in outflows in the week ended May 11, as fears of an economic slowdown and further tightening by major central banks to tame stubborn inflation spooked investors. In a fifth straight week of net selling, investors liquidated global equity funds worth $10.53 billion, compared with just $1.65…
By Noah Browning LONDON (Reuters) -Oil prices rose on Friday but were headed for their first weekly loss in three weeks as worries about inflation and China’s COVID lockdowns slowing global growth offset concerns about dwindling supplies from Russia. Brent crude futures were up 85 cents, or 0.8%, at $108.30 a barrel at 0900 GMT,…
LONDON (Reuters) – The euro edged off five-year lows to rise back above $1.04 on Friday, but it is headed for a big weekly loss after Russia’s decision to restrict gas supplies to Europe renewed fears about an economic slowdown in the euro zone. The single currency has been battered in recent weeks by a…
BEIJING (Reuters) -China will offer subsidies, tax breaks and easier loans to boost prospects for college graduates, the cabinet said on Friday, as a record number prepare to enter the workforce this year amid downside risks to economic growth stemming from COVID-19 curbs. The subsidies are aimed at small firms, while graduates launching start-ups stand…
By Makiko Yamazaki and Sam Nussey TOKYO (Reuters) -Japan’s Toshiba Corp said on Friday it has received interest from 10 potential investors after it solicited buyout offers. It also announced a special dividend of 160 yen per share, worth some $545 million, in an apparent effort to placate activist shareholders it has long been at…
A look at the day ahead in markets from Dhara Ranasinghe. After a wild ride, markets are in a calmer mood for now. Yet, it is Friday 13 and those prone to superstition would be forgiven for being extra cautious on a day renowned for being unlucky. Given turbulence across asset classes this week, it’s…
SINGAPORE/HONG KONG (Reuters) -Cryptocurrencies nursed large losses on Friday, with bitcoin trading near $30,000 and set for a record losing streak as the collapse of TerraUSD, a so-called stablecoin, rippled through markets. Crypto assets have also been swept up in broad selling of risky investments on worries about high inflation and rising interest rates. Sentiment…
By Alun John HONG KONG (Reuters) – The yen is poised to snap a nine-week losing streak on Friday on weakening risk sentiment, while another Wall Street selloff drove flight-to-safety bids to the dollar, which held near 20-year peaks. The dollar regained a little ground on the Japanese currency and was last at 128.9 per…
TOKYO (Reuters) -Toshiba Corp said on Friday it had delayed board director nominations ahead of the annual shareholders meeting in June as it needed more time to finalise the candidates. The Japanese industrial conglomerate is in the process of ascertaining whether there were any conflict-of-interest issues for some candidates, causing the delay, a source familiar…
