By Ann Saphir (Reuters) – Chicago Federal Reserve Bank President Charles Evans on Monday signaled he would not necessarily oppose getting interest rates up to a neutral setting of 2.25% to 2.5% by the end of the year, a pace that would require a couple of 50 basis-point rate hikes at upcoming Fed meetings. “Fifty…
(Reuters) -On the weekend Elon Musk was expected to join Twitter’s board, the billionaire tweeted to his about 81 million followers ideas and changes he wanted to bring to the micro-blogging platform and deleted a few of those tweets hours after rejecting the seat. The week-long drama started when Musk disclosed a 9.1% stake in…
(Reuters) -The Russian central bank said on Monday it had temporarily suspended publishing data on foreign trade on a monthly basis in the first such suspension since 1997. The central bank was due to release a foreign trade balance for January-February on Monday, as initially planned, according to its data release schedule. The central bank…
(Reuters) – Moderna Inc on Monday named Jorge Gomez, a senior executive at dental products maker Dentsply Sirona Inc, as its new chief financial officer, effective May 9. Gomez, who has been serving as the finance chief of Dentsply since August 2019, will succeed David Meline, who has decided to retire, Moderna said. (https://bit.ly/3xfDPwX) Before…
(Reuters) -The rouble weakened sharply on Monday, reversing some of the previous week’s gains, after Russia relaxed temporary capital control measures aimed at limiting a drop in the currency. Shares in Rosbank, a Russian subsidiary of French bank Societe Generale, jumped 40% after SocGen said it would quit Russia and take a 3 billion euros…
By Bansari Mayur Kamdar and Praveen Paramasivam (Reuters) – The Nasdaq fell more than 1% on Monday, leading Wall Street’s main indexes lower, as rising bond yields weighed on megacap stocks such as Microsoft and Apple with investors on edge ahead of Tuesday’s inflation data. Shares of Microsoft Corp, Apple Inc and Nvidia Corp fell…
ZURICH (Reuters) – German logistics entrepreneur Klaus-Michael Kuehne has increased his stake in Germany’s flag carrier Lufthansa to 10%, Kuehne Holding AG said in a statement on Monday. Kuehne, 84, had earlier boosted his stake in Lufthansa to 5% about a month ago, becoming the airline’s second-biggest shareholder behind the German government, according to Refinitiv…
(Reuters) -Shares of Warner Bros Discovery Inc rose on Monday, the first trading day of the media and streaming firm formed from the $43-billion merger https://www.reuters.com/article/at-t-warnermedia-discovery-idCAKBN2K633V of Discovery Inc and assets of AT&T Inc. Warner Bros Discovery shares were up 0.8% at $24.62, while AT&T stock climbed 2% to $18.62 before the bell. AT&T and…
(Reuters) – Luckin Coffee Inc, said on Monday it had emerged from bankruptcy proceedings, two years after an accounting fraud derailed the coffee chain’s business. Founded in 2017, Xiamen-based Luckin had positioned itself as a homegrown challenger to U.S. coffee giant Starbucks Corp, but the much-hyped company almost collapsed in 2020 after findings that about…
(Corrects headline to say BOC Aviation to buy 80 Airbus aircraft, not seeks) (Reuters) -BOC Aviation said on Monday it plans to buy 80 Airbus A320neo family jets in what is the aircraft-leasing firm’s largest order. The order consists of 10 A321XLR aircraft, 50 A321neo aircraft and 20 A320neo aircraft, and the delivery of the…
