WASHINGTON (Reuters) – U.S. small business confidence fell to an 11-month low in January amid persistent worker shortages and higher prices for materials, a survey showed on Tuesday. The National Federation of Independent Business said its Small Business Optimism Index dropped 1.8 points to 97.1 last month, the lowest reading since February 2021. Scarce workers …
U.S. small business sentiment drops to 11-month low -NFIB Read More »
AMSTERDAM (Reuters) – Meal-delivery firm Just Eat Takeaway on Tuesday said it would delist its shares from the Nasdaq stock exchange in a bid to limit costs and regulatory burdens. Shares of the Amsterdam-based company remain listed on the Amsterdam and London stock exchanges. “Main considerations for the voluntarily delisting are the low trading volumes …
A look at the day ahead in markets from Sujata Rao. “Gradual”, “data-dependent” – those were the words ECB President Christine Lagarde used to soften the hawkishness of her message last week. But after three days of violent repricing on euro debt markets, there is likely more to come. Borrowing costs for Europe’s southern flank …
By Davide Barbuscia NEW YORK (Reuters) – Investors are preparing for more downside in U.S. credit markets, as bets that the Federal Reserve will become more aggressive than previously expected threaten to further drive up yields and pressure prices. After a comparatively placid January, corporate debt has started this month with sharp losses. The Markit …
Analysis-Investors brace for more weakness in U.S. corporate debt Read More »
By Eric Onstad LONDON (Reuters) -An EU-funded certification scheme using blockchain is being developed for rare earths as automakers demand proof that materials used to make magnets for electric vehicles (EVs) are not linked to toxic pollution. The system will set global standards and give confidence to consumers demanding sustainable products, two of the organisers …
Blockchain rare earth scheme to certify sustainable output for EVs Read More »
DUBAI (Reuters) – Dubai-listed investment bank SHUAA Capital said on Tuesday it has filed a registration statement with the U.S. Securities and Exchange Commission for the launch of a $100 million to $200 million blank-check company that will be listed on the Nasdaq. “SHUAA is now going through the final regulatory approvals following which a …
Dubai’s SHUAA Capital files with SEC for potential SPAC listing in NY Read More »
By Sam Nussey TOKYO (Reuters) – The collapse of SoftBank Group Corp’s deal to sell chip designer Arm to Nvidia marks a major setback to the Japanese conglomerate’s efforts to generate funds at time when valuations across its portfolio are under pressure. The deal, which had met with industry opposition, fell through because of regulatory …
Arm deal collapse leaves SoftBank asset sales in disarray Read More »
BEIJING (Reuters) – WuXi Biologics said in a statement on Tuesday on WeChat that two of its subsidiaries being put on the U.S. Commerce Department’s “unverified list” will have no impact on its business or services to partners. The company is pursuing interim measures to remove these subsidiaries from the list, said the statement. The …
WuXi Biologics sees no impact from addition to unverified list for U.S. exports Read More »
By Harish Sridharan and Byron Kaye (Reuters) -Australia’s Macquarie Group Ltd said it booked record quarterly net profit thanks to strong commodity markets and “exceptional” asset sales in infrastructure and other sectors, adding it should continue to benefit as interest rates rise. Profit contribution from commodities trading and investment banking rose “substantially” in the third …
Macquarie posts record third quarter, flags rate hike benefits Read More »
By Bansari Mayur Kamdar and Noel Randewich (Reuters) – Wall Street ended lower on Monday, as investors digested recent quarterly results from Facebook owner Meta Platforms and other megacaps, while Peloton jumped following reports of interest from potential buyers, including Amazon. Meta Platforms fell 5.1%, adding to losses after its bleak forecast last week caused …
