By Saqib Iqbal Ahmed NEW YORK (Reuters) – U.S. stock investors are increasingly turning to the options market for protection against more downside on Wall Street as they worry the Federal Reserve will be less sensitive to equity market volatility as it hikes interest rates to fight inflation. Demand for puts, typically bought for downside…
GDANSK (Reuters) – A board member of Polish video game maker CD Projekt said on Thursday there is no “monumental” delay to its blockbuster game “The Witcher 3: Wild Hunt” for next-generation consoles, a day after the company postponed the release. CD Projekt had said on Wednesday it had taken work on the version back…
By Uday Sampath Kumar and Chavi Mehta (Reuters) -Billionaire entrepreneur Elon Musk took aim at Twitter Inc with a $43 billion cash takeover offer on Thursday, with the Tesla CEO saying the social media company needs to be taken private to grow and become a platform for free speech. “I think it’s very important for…
By Uday Sampath Kumar and Chavi Mehta (Reuters) -Billionaire entrepreneur Elon Musk took aim at Twitter Inc with a $43 billion cash takeover offer on Thursday, with the Tesla CEO saying the social media company needs to be taken private to grow and become a platform for free speech. “Twitter has extraordinary potential. I will…
By Doyinsola Oladipo NEW YORK (Reuters) -BMW Chief Executive Officer Oliver Zipse said companies must be careful not to become too dependent on a select few countries by focusing only on electric vehicles, adding that there was still a market for combustion engine cars. “When you look at the technology coming out, the EV push,…
NEW YORK (Reuters) – Wall Street’s major banks and asset managers were cautious about the economy as they detailed how both consumers and institutional clients were struggling to deal with sky-high inflation and looming rate hikes. The big U.S. banks are reporting results at a time of surging inflation, which could lead the Fed to…
(Reuters) – Russia’s central bank sees room for an interest rate cut as weekly inflation is slowing, Deputy Governor Alexei Zabotkin said on Thursday, Interfax new agency reported. It will present new economic forecasts to coincide with its next rate-setting meeting on April 29, TASS news agency quoted him as saying. The bank raised the…
By Nichola Saminather TORONTO (Reuters) – Toronto-Dominion Bank’s Chief Executive Bharat Masrani on Thursday criticized the Canadian Liberal government’s planned tax on banks and called for policymakers to ensure Canada plays a “meaningful role” in supporting energy security. Canada plans to raise corporate taxes for the most profitable banks and insurers to 16.5% from 15%…
By Francesca Landini and Valentina Za MILAN (Reuters) -Italy’s Benetton family and U.S. investment fund Blackstone have proposed a 58 billion euro ($63 billion) buyout offer for Atlantia, to take it private and stave off rival interest for the airport and motorway operator. Highlighting the appeal of the infrastructure sector, the deal would be this…
By Niket Nishant and Matt Scuffham (Reuters) -Goldman Sachs Group Inc reported a 43% drop in profit but beat Wall Street expectations on Friday, as strong performances in its wealth management and trading businesses partly offset a slump in equity underwriting as stock market listings dried up. Wall Street banks have come under pressure amid…
