FRANKFURT/LONDON/TOKYO (Reuters) -The world’s top central banks will reduce the frequency of their dollar operations with the U.S. Federal Reserve from May 1 after volatility in financial markets receded, the banks said in a joint statement on Tuesday. The European Central Bank, the Bank of Japan, the Bank of England and the Swiss National Bank …
Central banks cut dollar operations with Fed as market stress eases Read More »
By Deborah Mary Sophia and Bansari Mayur Kamdar (Reuters) -Shares of Bed Bath & Beyond Inc plunged about 25% on Monday after the home goods retailer’s long fight to save its business ended in bankruptcy. The once high-flying company filed for bankruptcy protection on Sunday and said it had launched a liquidation sale after failing …
Bed Bath & Beyond shares plunge 25% as retailer goes bankrupt Read More »
(Reuters) -Johnson & Johnson said on Monday it was seeking a valuation of up to $42.95 billion in the initial public offering of its consumer health unit, Kenvue, at a time when investor appetite for new listings has been muted. The announcement sets the stage for what is expected to be one of the marquee …
J&J aims for up to $43 billion valuation for consumer health unit Kenvue Read More »
By Mehnaz Yasmin (Reuters) -First Republic Bank’s deposits fell by over $100 billion in the first quarter and it said it was exploring options including restructuring its balance sheet, overshadowing market-beating profit and sending its shares down 21% after the bell on Monday. The results mark the most important quarter for the troubled bank as …
First Republic Bank exploring options as deposits tumble by over $100 billion Read More »
By David Shepardson WASHINGTON (Reuters) -General Motors and Samsung SDI are expected to announce as early as Tuesday that they plan to build a new joint venture battery manufacturing plant in the United States, sources told Reuters. Reuters reported in January that GM and LG Energy Solution would not move forward with a fourth U.S. …
GM, Samsung SDI plan to build new U.S. battery plant -sources Read More »
By Fabian Cambero SANTIAGO (Reuters) -Chile will start talks with SQM over its operations in the Atacama “this semester” to convince the world’s No. 2 lithium mining company to sign onto a state-led public-private model, aiming to wrap up dialogue during the current government, the economy minister said on Monday. In his first interview with …
Exclusive-Chile to start lithium talks with SQM by mid-year to boost state control Read More »
By Sinéad Carew, Sruthi Shankar and Ankika Biswas (Reuters) – The Nasdaq closed lower on Monday, underperforming the S&P 500 and the Dow, with pressure from high-profile megacaps as investors awaited results from companies including Microsoft while Tesla shares fell on concerns about its spending plans. Tesla Inc finished down 1.5% after the automaker raised …
Nasdaq underperforms on worries about tech earnings ahead Read More »
-Bed Bath & Beyond Inc filed for Chapter 11 bankruptcy protection on Sunday after the home goods retailer failed to secure funds to stay afloat, and has begun a liquidation sale. The home goods retailer, which shot to popularity in the 1990s as a go-to shopping destination for couples making wedding registries and planning for …
By Andrew Goudsward WASHINGTON (Reuters) – When the U.S. Supreme Court decides in the coming months whether to weaken a powerful shield protecting internet companies, the ruling also could have implications for rapidly developing technologies like artificial intelligence chatbot ChatGPT. The justices are due to rule by the end of June whether Alphabet Inc’s YouTube …
YouTube case at US Supreme Court could shape protections for ChatGPT and AI Read More »
By Laura Sanicola (Reuters) – U.S. fuelmakers are expected to post higher first-quarter earnings in coming days on strong fuel exports and margins even as domestic diesel demand slumped during the period. Refiners have been riding a wave of favorable pricing and demand as pandemic-era closings boosted margins. Alternating periods of higher demand for products …
U.S. oil refiners to post strong Q1 earnings, but demand outlook dims Read More »
