By Herbert Lash NEW YORK (Reuters) – Global stock markets fell on Monday, pulled lower by technology shares in Europe and on Wall Street, as U.S. Treasury yields jumped ahead of inflation data that could prompt the Federal Reserve to tighten policy enough to slow a rebounding economy. The euro rose against the dollar to …
U.S. yields jump to 3-year highs, stocks slide on CPI outlook Read More »
By Jonathan Stempel (Reuters) – Daily Journal Corp, the publishing and software company where Warren Buffett’s business partner Charlie Munger helps oversee investments and until recently was chairman, on Monday said it halved its investment in Chinese e-commerce giant Alibaba Group Holding Ltd. In a regulatory filing, the Los Angeles-based company said it owned 300,000 …
Daily Journal, long overseen by Charlie Munger, halves stake in China’s Alibaba Read More »
By Kate Abnett and Alex Lawler BRUSSELS/LONDON (Reuters) -OPEC told the European Union on Monday that current and future sanctions on Russia could create one of the worst ever oil supply shocks and it would be impossible to replace those volumes, and signalled it would not pump more. European Union officials held talks in Vienna …
OPEC tells EU it’s not possible to replace potential Russian oil supply loss Read More »
By Karen Brettell NEW YORK (Reuters) – The dollar held just below two-year highs against a basket of currencies on Monday, still supported by higher U.S. Treasury yields, while the euro rallied after French leader Emmanuel Macron beat far-right challenger Marine Le Pen in the first round of presidential voting. U.S. Treasury yields have soared …
Euro boosted by French election, dollar near two-year highs Read More »
By Scott DiSavino NEW YORK (Reuters) – Oil prices fell about 4% on Monday, with Brent crude tumbling below $100 a barrel on worries that the COVID-19 pandemic will cut demand in China and as International Energy Agency (IEA) countries plan to release record volumes of oil from strategic stocks. U.S. West Texas Intermediate (WTI) …
Oil dives 4%, below $100 on China lockdowns, reserves release plan Read More »
(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 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 …
Warner Bros Discovery shares gain on first trading day Read More »
(Reuters) -Chinese oil giant CNOOC Ltd said on Monday it will raise 28.08 billion yuan ($4.41 billion) in a share listing in Shanghai, after setting the price for what will be mainland China’s 11th-biggest public stock offering. Fundraising will be expanded to 32.29 billion yuan if an over-allotment “greenshoe” option to buy and sell more …
Chinese oil giant CNOOC to raise $4.4 billion in Shanghai listing Read More »
BEIJING (Reuters) – New bank lending in China rose more than expected in March, while broad credit growth accelerated, from the previous month as the central bank kept policy accommodative to support the slowing economy. Chinese banks extended 3.13 trillion yuan ($492 billion) in new yuan loans in March, up sharply from February and exceeding …
China March new bank loans jump, broad credit growth quickens Read More »
By Josh Horwitz SHANGHAI (Reuters) – The European Union Chamber of Commerce in China said on Monday it had sent a letter to the country’s cabinet detailing how its COVID control measures had disrupted European companies and urged it to revise its policies, such as by allowing home quarantine for some COVID patients. In a …
European Chamber urges China in letter to review COVID policy Read More »
SHANGHAI (Reuters) – China auto sales plunged in March as the country’s curbs to rein in COVID-19 outbreaks took their toll, while Tesla Inc was among automakers feeling the pain of limits on production. Sales in the world’s biggest car market tumbled 11.7% in March from a year earlier to 2.23 million vehicles – its …
China auto sales slump in March on COVID curbs, Tesla production sluggish Read More »
