By David Milliken LONDON (Reuters) – British factory activity edged up in April after slowing to its weakest in just over a year in March following Russia’s invasion of Ukraine, but manufacturers were wary about the outlook as costs leapt and demand faltered, a survey showed on Tuesday. The S&P Global/CIPS manufacturing Purchasing Managers’ Index …
UK factory activity edges up from March’s one-year low – PMI Read More »
By Sinead Cruise LONDON (Reuters) -The sudden fall in European shares driven by a brief crash in Nordic markets was caused by a single sell order trade by Citigroup Inc, people familiar with the matter told Reuters, and confirmed by Citi. The flash-crash, which caused European shares to suddenly fall on a day of holiday-thinned …
Citi behind trade that caused brief European share plunge -sources, Citi Read More »
(Reuters) – Twitter said in a filing on Monday it estimates false or spam accounts represented fewer than 5% of its monetizable daily active users during the first quarter. The social media company had 229 million users who were served advertising in the first quarter. (Reporting by Sheila Dang in Dallas; Editing by Chris Reese)
By Giuseppe Fonte and Gavin Jones ROME (Reuters) -Italy unveiled a hefty package of measures on Monday aimed at shielding firms and families from surging energy costs as the war in Ukraine casts a shadow over the growth prospects of the euro zone’s third largest economy. The decree approved by Mario Draghi’s cabinet deploys 14 …
Italy unveils new stimulus plan as economic outlook darkens Read More »
NEW YORK (Reuters) – The brief crash in Nordic markets on Monday was due to a single sell order placed by Citigroup, according to two sources familiar with the matter. The flash-crash, which caused European shares to suddenly fall on a day of holiday-thinned trading activity, involved an erroneous calculation relating to a Nasdaq index …
Exclusive-Citi behind trade that caused brief crash in European markets -sources Read More »
(Reuters) -Stellantis N.V. will spend up to C$3.6 billion ($2.8 billion) to boost production of electric vehicles at its Windsor and Brampton, Ontario plants with government investment, it said on Monday. The Canadian government will spend up to C$529 million and the Ontario government up to C$513 million to support the automaker, government officials said. …
Stellantis to boost EV plants with C$3.6 billion investment Read More »
By Chibuike Oguh and Krystal Hu (Reuters) -Elon Musk is in talks with large investment firms and high net-worth individuals about taking on more financing for his $44 billion acquisition of Twitter Inc and tying up less of his wealth in the deal, people familiar with the matter said. Musk is the world’s richest person, …
Exclusive-Musk seeks to put in less money in new Twitter deal financing -sources Read More »
(Reuters) – British banking giant HSBC Holdings Plc’s U.S. arm said on Monday it will relocate its headquarters to real estate developer Tishman Speyer’s new tower under construction in Manhattan, New York. HSBC Bank USA, N.A. said that the 65-story office tower, The Spiral, which is nearing completion at 66 Hudson Boulevard will see the …
HSBC to relocate U.S. HQ to Tishman Speyer’s The Spiral in Manhattan Read More »
ROME (Reuters) – Italy on Monday approved a new stimulus package worth 14 billion euros ($14.71 billion) to shield firms and families from the economic impact of the war in Ukraine, Prime Minister Mario Draghi said. The measures will not push up the country’s budget deficit this year and will partly be financed by increasing …
Italy approves 14 billion euros of stimulus measures as growth outlook weakens Read More »
BERLIN (Reuters) – Volkswagen’s premium brands Audi and Porsche have decided to join Formula 1, said Volkswagen Chief Executive Herbert Diess on Monday. He added that Porsche’s preparations to enter the highest class of international motor racing were a little more concrete. (Reporting by Jan Schwartz, Writing by Miranda Murray; Editing by Paul Carrel)
