(This April 24 story has been corrected to fix the spelling of a name to Mahmood, not Mahmoud, in section 4) By Naomi Rovnick, Yoruk Bahceli and Dhara Ranasinghe LONDON (Reuters) – As calm returns to markets roiled by banking havoc in March, it’s time to reflect on the policy response. The International Monetary Fund…
By Chiara Elisei LONDON (Reuters) – Corporates’ access to capital deteriorated after turmoil in the banks sector in March while cash flow and earnings are under increasing pressure from potential recession, asset manager Janus Henderson Investors said in a report on Tuesday. Indicators such as debt loads, access to capital markets, cash flow and earnings…
(Reuters) – Verizon Communications Inc on Tuesday missed first-quarter revenue estimates and reported wireless subscriber losses as a pandemic-led boom in demand fizzled out. While some of that impact was offset by a surge in the broadband business thanks to Verizon scaling up the technology behind 5G connectivity, its fast-growing rivals AT&T Inc and T-Mobile…
By Jonathan Stempel NEW YORK (Reuters) – Here are some facts about the civil lawsuit going to trial on Tuesday brought by former Elle magazine advice columnist E. Jean Carroll against former U.S. President Donald Trump, whom she accuses of rape. TRUMP ACCUSED OF RAPE Carroll has accused Trump of having sexually assaulted her in…
By Kristina Cooke, Mica Rosenberg and Joshua Schneyer (Reuters) – U.S. Democratic Senator Cory Booker will introduce legislation Tuesday that aims to deter child labor at meatpacking plants by barring some offending companies from important government contracts, the latest response to a rise in underage labor in dangerous U.S. industries. The bill Booker’s office shared…
By Trevor Hunnicutt and Steve Holland WASHINGTON (Reuters) – U.S. President Joe Biden is pairing the veteran advisers who helped him win the White House once with a newer generation of diverse leadership for his 2024 re-election campaign. Biden aides see former President Donald Trump as the early front-runner for the Republican nomination, as do…
A look at the day ahead in U.S. and global markets from Mike Dolan Bombarded by incoming corporate earnings updates and increasingly wary of tense geopolitics, world markets appear to have turned sour again on financial stocks as the full extent of March bank stress unfolds. Shares in First Republic Bank, one of the most…
By Josh Smith SEOUL (Reuters) – Leading South Korean and U.S. companies announced billions of dollars in investments, joint ventures and other plans on Tuesday, as President Yoon Suk Yeol kicked off a state visit to Washington. Yoon, who calls himself “the No. 1 salesman” for South Korea, has made business deals and “sales diplomacy”…
By David Shepardson and Heekyong Yang WASHINGTON/SEOUL (Reuters) -General Motors Co and Samsung SDI said on Tuesday they will invest over $3 billion to build a joint venture electric vehicle battery manufacturing plant in the U.S., as the automaker diversifies its component suppliers. The news comes as South Korean President Yoon Suk Yeol is in…
(Reuters) – Electric aircraft maker Joby Aviation will deliver up to nine air taxis to the U.S. Air Force under a $55 million contract extension that marks the company’s first revenue-generating operations, the company announced on Tuesday. Joby will deliver the first two aircraft to Edwards Air Force Base in California by March 2024 for…
