(Reuters) – The pound edged higher on Tuesday, breaking a three-day falling streak, as investors covered some of their short positions and as 10-year British government bond yields rose to their highest in more than seven years. Against the U.S. dollar, the pound edged 0.1% higher to $1.3029 as UK 10-year government bond yields rose …
Pound snaps three-day falling streak as BoE’s Bailey eyed Read More »
By Anisha Sircar (Reuters) -European shares were set for their worst day in nearly two weeks on Tuesday as worries about the war in Ukraine, aggressive monetary policy tightening by the U.S. Federal Reserve and a batch of upcoming earnings kept investors on edge. The pan-European STOXX 600 lost 0.8% after dropping 0.9% last week. …
European shares fall as Ukraine crisis, Fed tightening worries weigh Read More »
MILAN (Reuters) -Carmaker Stellantis said on Tuesday it was suspending production at its Russian plant due to logistical difficulties and sanctions imposed on Moscow. The world’s fourth-largest automaker, which produced and sold the Peugeot, Citroёn, Opel, Jeep, and Fiat brands in Russia, has just 1% of the country’s car market. It runs a van-making plant …
Stellantis suspends vehicle production in Russia Read More »
(Reuters) – British retailer WH Smith Plc said on Tuesday it has suspended orders from its online greetings card and gift business Funky Pigeon following a cyber-security incident last week. WH Smith, which sells books, stationery, and other items at its stores in travel hubs, said no customer payment data with Funky Pigeon was compromised …
Retailer WH Smith suspends Funky Pigeon online orders after cyber incident Read More »
MADRID (Reuters) – Fund manager Reade Griffith bought a minority stake in Spanish broadcaster Mediaset Espana after its parent company MediaForEurope launched a public takeover offer, a filing to the Spanish stock regulator showed. Griffith, who heads Amsterdam-listed investment fund Tetragon’s Investment Committee, owns a 1.022% stake in Mediaset Espana through financial instruments since Monday, …
Fund Manager Reade Griffith buys stake in Mediaset Espana amid takeover Read More »
By Ana Mano SAO PAULO (Reuters) – Despite concern that sanctions against Russia would cause a shortfall of fertilizer in Brazil, preliminary shipping data shows orders being fulfilled and vessels heading for Brazil, potentially allowing a normal grain planting season. At least 24 vessels carrying almost 678,000 tonnes of Russian fertilizers from ports in the …
Ships carrying Russian fertilizers find way to Brazil despite sanctions Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar rose to a fresh two-year high on Monday in thin and choppy trading, in line with higher U.S. Treasury yields, as investors braced for multiple half a percentage-point rate hikes from the Federal Reserve. Volume was light on the day with Hong Kong, European, Australian and …
U.S. dollar touches fresh two-year high on steep Fed hike view Read More »
ATHENS (Reuters) – Greece is considering measures to curb soaring electricity prices and mitigate the impact on consumers if the European Union does not take action on the issue soon, Greek government spokesman Giannis Oikonomou said on Monday. Russia’s invasion of Ukraine exacerbated the surge in gas prices, fanning fears about supplies key to power …
Greece mulls intervention in power prices as energy crisis deepens Read More »
By Joseph White NORMAL, Ill. (Reuters) – Rivian Automotive Inc CEO R.J. Scaringe needs to sell a lot more electric vans and pickup trucks to boost a beaten down stock price and fund his ambitious long-term growth plans, but the startup is having trouble buying the parts to build them. Scaringe can’t get all the …
CEO steers electric truck startup Rivian through supply chain twilight zone Read More »
(Reuters) – Many investors, analysts and investment bankers expect Twitter Inc’s board of directors to reject Elon Musk’s $43 billion acquisition offer in the coming days as inadequate, but how would the social media company then proceed? Twitter shares dropped on Thursday after Musk unveiled his offer, as the market deemed it too low and …
Explainer-How will Twitter’s board handle Elon Musk? Read More »
