A look at the day ahead in markets from Tommy Wilkes. Barring a last-minute rebound, global stock markets will end this week lower — for European stocks that’s the first weekly drop in four — with investors getting nervous about the speed at which central banks will tackle inflation. While government bond yields have been…
STOCKHOLM (Reuters) – AB Volvo will keep provisions worth 4 billion crowns ($423.23 million) and expects a negative impact on its first-quarter operating income this year due to uncertainty caused by the Russia-Ukraine war, the Swedish truck maker said on Friday. Volvo has suspended all sales, service and production in Russia, which last year stood…
By Sonali Paul MELBOURNE (Reuters) -Australian gas producer Woodside Petroleum Ltd’s agreed merger with BHP Group’s petroleum arm is in the best interest of its shareholders, an independent expert said, valuing the combined group at around $40 billion. Global miner BHP agreed to hive off its petroleum business to Woodside last year in a nil-premium…
By Simon Jessop LONDON (Reuters) – Asset owners managing more than $10.4 trillion have urged governments not to let worries about security of fossil fuel supplies impede the transition to greener energy needed to limit catastrophic climate change. With governments scrambling to replace Russian oil and gas supplies after the invasion of Ukraine, United Nations…
By Sonali Paul MELBOURNE/BEIJING (Reuters) -Oil prices drifted lower on Friday and were set to drop around 3% for the week as consuming countries’ planned release of 240 million barrels from emergency stocks offset some concerns over reduced supplies from Russia due to western sanctions. Brent crude futures edged lower by 55 cents, or 0.6%…
By Hyunjoo Jin SAN FRANCISCO (Reuters) -Tesla chief executive Elon Musk said on Thursday the automaker will expand its “Full Self-Driving (FSD)” beta software to all North American FSD subscribers this year and promised a “dedicated robotaxi”, without giving details. The 50-year-old billionaire, wearing a black cowboy hat and sunglasses, made the comments at a…
(Reuters) -Spirit Airlines would start talks with JetBlue Airways Corp on its $3.6-billion offer, the budget carrier said late on Thursday as it could likely lead to a “superior proposal” to the one from Frontier Group Holdings. JetBlue made an unsolicited offer of $33 per share in cash earlier this week, beating a near $25…
(Reuters) -Spirit Airlines would start talks with JetBlue Airways Corp on its $3.6-billion offer, the budget carrier said on Friday as it could likely lead to a “superior proposal” to the one from Frontier Group Holdings. JetBlue made an unsolicited offer of $33 per share in cash earlier this week, beating a near $25 per…
By Sonali Paul MELBOURNE (Reuters) – Oil prices inched up on Friday but were set to fall around 3% for the week after consuming countries agreed to release 240 million barrels of oil from emergency stocks to help offset disrupted Russian supply. Brent crude futures rose 13 cents, or 0.1% to $100.71 a barrel at…
(Reuters) – Italian confectionary group Ferrero has voluntarily recalled some of its Kinder chocolates from the American shelves for a potential link with salmonella contamination. Kinder Happy Moments Chocolate Assortment and Kinder Mix Chocolate Treats basket are being recalled because they were manufactured in a facility where salmonella was detected, Ferrero North America said on…
