WASHINGTON (Reuters) – U.S. retail sales increased in March, mostly boosted by higher gasoline and food prices, but consumers are showing signs of cutting back on discretionary spending amid high inflation. Retail sales rose 0.5% last month, the Commerce Department said on Thursday. Data for February was revised higher to show sales gaining 0.8% instead…
LONDON (Reuters) -Billionaire Elon Musk has offered to buy Twitter for about $41 billion, just days after rejecting a seat on the social media company’s board. Musk’s offer price of $54.20 per share, which was disclosed in a regulatory filing on Thursday, represents a 38% premium to Twitter’s April 1 close, the last trading day…
(Reuters) -Goldman Sachs Group Inc reported first-quarter profit that nearly halved on Thursday, as capital markets activity normalized from bumper levels a year ago, weighing on the bank’s investment banking business. With the U.S. Federal Reserve beginning to wean the economy off pandemic-era support, dealmaking slowed in the quarter and cast a pall over some…
By Gram Slattery RIO DE JANEIRO (Reuters) – Shareholders in Brazil’s Petrobras have voted José Mauro Coelho onto its board, paving the way for the government technocrat to take the helm of the state-run oil company. The key issue at the Petrobras annual shareholder meeting, which began on Wednesday afternoon and concluded early on Thursday,…
By Xie Yu HONG KONG (Reuters) – UBS Group AG has appointed a new manager to oversee a $2 billion Asian high yield fund, the Swiss bank said in a statement, after a five-month hiatus in top leadership at the fund that was hit hard by China’s property sector debt crisis. Raymond Lin Gui will…
(Reuters) – Billionaire Elon Musk has offered to buy Twitter for $54.20 per share in cash. (Reporting by Chavi Mehta in Bengaluru; Editing by Anil D’Silva)
By Simon Jessop LONDON (Reuters) – BlackRock on Thursday projected that by 2030 at least three quarters of its investments in companies and governments will be tied to issuers with a scientific target to cut net greenhouse gas emissions to zero by 2050, up from 25% currently. It was the first time BlackRock, the world’s…
WASHINGTON (Reuters) – U.S. President Joe Biden travels to North Carolina on Thursday to promote his efforts to strengthen supply chains as he seeks to accelerate American production of semiconductors and ease dependence on foreign makers. Biden will go to Greensboro, North Carolina, to visit North Carolina Agricultural and Technical State University and apply pressure…
TOKYO (Reuters) – Rising prices for raw materials, including nickel and copper, accelerated by Russia’s invasion of Ukraine were having a “big” impact on Panasonic Corp, with the Japanese industrial giant only able to pass on some of those increases to its customers, the CEO said. “We are able to pass on costs to some…
MILAN (Reuters) – Shares in Atlantia rose more than 5% on Thursday after Italy’s Benetton family and U.S. investment fund Blackstone tabled their offer to buy out investors in the airport and motorway operator and take it private. The offer’s price of 23 euros a share represents a premium of 36.3% over the Atlantia’s share…
