By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended little changed on Monday as investors took in the weekend auction of First Republic Bank and braced for this week’s expected interest rate hike from the Federal Reserve. The KBW regional banking index dropped 2.7%, while shares of JPMorgan Chase & Co, which won the …
Wall Street near flat after First Republic news, awaiting Fed Read More »
(Reuters) – The U.S. federal government is ticking closer to its “x-date,” when it will no longer be able to pay its bills and risk a default that would shake the world economy. Republicans in the House of Representatives have passed legislation that would pair a $1.5 trillion increase in the debt ceiling with $4.8 …
Factbox: U.S. debt ceiling: A ‘clean’ increase is not the rule Read More »
By Jonathan Stempel NEW YORK (Reuters) -Energizer Holdings Inc and Walmart Inc have been sued by consumers and retailers in three proposed class actions accusing them of conspiring to raise the prices of disposable batteries. According to complaints filed on Friday, Energizer agreed “under pressure from Walmart” to inflate wholesale battery prices for other retailers …
Energizer, Walmart sued for conspiring to raise battery prices Read More »
(Reuters) -Meetings at the U.S. Federal Reserve, the European Central Bank and Australia’s central bank top the agenda, while megacap Apple brings the U.S. earnings season to an end, as markets work through fresh banking tremors. Here’s a look at the week ahead in markets from Ira Iosebashvili and Lewis Krauskopf in New York, Dhara …
ZURICH (Reuters) – As UBS’s takeover of former rival Swiss bank Credit Suisse nears completion, details are emerging of what the new merged bank will look like. UBS is working towards spinning off the Swiss part of Credit Suisse and having the business’s current head, Andre Helfenstein, run it, NZZ am Sonntag reported on Sunday. …
UBS looks to bring Naratil back and mulls Swiss bank spin-off – NZZ Read More »
FRANKFURT (Reuters) – Adidas, which has come under pressure after ending its lucrative Yeezy shoe partnership with Kanye West, is trying to grab a bigger slice of the U.S. sports market, the group’s regional head told the Wall Street Journal. “We want to double down on all of the things that are U.S.-centric, particularly around …
Adidas wants to ‘double down’ on U.S. market – regional head tells WSJ Read More »
(Reuters) – Tesla’s Model S and Model X were not available for order in some Asia-Pacific countries, including Australia, Thailand, Singapore and New Zealand, the automaker’s website showed on Sunday. Other Tesla Inc models, such as Model 3 and Model Y were available in these countries, according to the website. It was not immediately clear …
Tesla Models S, X unavailable in some Asia-Pacific countries, website shows Read More »
By Greg Roumeliotis NEW YORK (Reuters) – The U.S. Federal Deposit Insurance Corporation (FDIC) is preparing to place First Republic Bank under receivership imminently, a person familiar with the matter said on Friday, sending shares of the lender down nearly 50% in extended trading. The U.S. banking regulator decided the troubled regional lender’s position …
FDIC prepares to place First Republic under receivership Read More »
By Jennifer Rigby and Maggie Fick LONDON (Reuters) – Pfizer Inc has pledged to deliver critical new medicines more quickly in low-income nations, but its first such vaccine effort faces hurdles likely to delay distribution in poorer countries by several years, global health officials told Reuters. Pfizer made a commitment on more equitable access last …
Pfizer pledge for more equal access to RSV shot faces hurdles Read More »
ISTANBUL (Reuters) – Turkish defence firm Baykar aims to begin production of its new unmanned combat aerial vehicle (UCAV) next year which is already attracting international interest, its chairman Selcuk Bayraktar said. Baykar has come to prominence internationally in recent years because of the company’s light drone TB-2, which has been used in Ukraine, Azerbaijan …
Turkey’s Baykar plans production of new air combat drone next year Read More »
