By David Randall and Carolina Mandl NEW YORK (Reuters) -Fund managers zeroed in on the U.S. financial sector during the first quarter, a period during which lenders’ shares were rocked by volatility following the worst banking crisis since 2008, regulatory filings showed on Monday. The S&P Regional Banking Index fell approximately 25% during the quarter…
By Peter Frontini SAO PAULO (Reuters) -Brazilian state-controlled lender Banco do Brasil SA on Monday reported a 29% leap in first-quarter net profit compared with a year ago, boosted by double-digit growth in the value of its loan book. Banco do Brasil’s adjusted net income reached 8.55 billion reais ($1.71 billion) during the first three…
By Chuck Mikolajczak NEW YORK (Reuters) – The S&P 500 and the Dow ended with modest gains on Monday after manufacturing data raised concerns about a slowing U.S. economy that could help bring down inflation amid ongoing debt ceiling negotiations, while a rise in Meta shares helped lift the Nasdaq. The New York Federal Reserve’s…
By Carolina Mandl (Reuters) -Big investment firms including Macquarie, Fidelity, Tiger Global and Coatue were among the largest buyers of U.S. listed shares of Taiwanese contract chipmaker TSMC in the first quarter, while Warren Buffett’s Berkshire Hathaway sold its remaining stake in the company, according to regulatory filings. Berkshire said in February it had reduced…
By Laura Sanicola and Arathy Somasekhar -Shares of gas pipeline operator ONEOK Inc fell about 9% on Monday on questions about potential synergies from its deal to acquire oil pipeline operator Magellan Midstream Partners. ONEOK on Sunday said it would pay $18.8 billion in cash and stock for Magellan to diversify its natural gas and…
(Reuters) -British electric vehicle start-up Arrival SA said on Monday it had $130 million in cash and cash equivalents at the end of March, down nearly 37% from the end of December. The company, which did not provide any details on first-quarter results in its earnings release, said it has built three vans at its…
(Reuters) -Billionaire investor William Ackman has built in the first quarter a new stake in Alphabet worth $1.1 billion, according to a regulatory filing on Monday. According to the filing, Ackman’s hedge fund Pershing Square Capital Management owned 8.1 million class C shares and 2.2 million shares class A of Alphabet at the end…
By Jonathan Stempel (Reuters) -Berkshire Hathaway Inc on Monday disclosed it has begun investing in Capital One Financial Corp while exiting investments in four other stocks, as the company run by Warren Buffett cut back its exposure to equities. Buffett’s company made its disclosures in a regulatory filing listing its U.S.-traded stocks as of March…
By Nandita Bose WASHINGTON (Reuters) -The White House on Monday released financial disclosure reports for President Joe Biden showing the president’s personal finances in 2022 changed little from the prior year, even though his book royalties fell. Biden earned between $2,500 and $5,000 in book royalties in 2022, down sharply from $30,000 a year earlier….
By Libby George and Karin Strohecker LONDON (Reuters) – Turkey’s sovereign dollar bonds and equities tumbled, and the cost of insuring exposure to the country’s debt spiked as Turkey’s presidential race heads to a runoff with incumbent Tayyip Erdogan leading his opposition rival. Turkey’s main banking stock index tumbled 9.6% as markets gauged potential fallout…
