SYDNEY (Reuters) -Chinese smartphone and EV maker Xiaomi Corp is raising up to $5.27 billion in a top-up placement on Monday, according to a term sheet seen by Reuters. The shares are being sold in a HK$52.80 to HK$54.60 price range, the term sheet said. The company, which began manufacturing electric vehicles (EVs) last year, …
China’s Xiaomi to raise up to $5.27 billion from share sale Read More »
By Tim Hepher PARIS (Reuters) – Airbus and Boeing are preparing the aerospace industry for sharp increases in output of the next generation of workhorse jets to some 100 a month each, as they explore lighter plastic materials and robotic assembly, industry sources said. Facing weak supply chains and a potentially lengthy wait for future …
Airbus, Boeing eye fast output as plastics loom for future jets Read More »
A look at the day ahead in European and global markets from Vidya Ranganathan It’s too soon to say “Salud” but the week begins with somewhat conciliatory messages from U.S. President Donald Trump on tariffs, coming right after the Fed’s cheery assessment of the economy. The S&P 500 futures are up after a light gain …
Morning Bid: In good spirits after hints of tariff retreat Read More »
By Svea Herbst-Bayliss and Anirban Sen NEW YORK (Reuters) – Rapid7 is nearing a settlement with activist investor Jana Partners after the cybersecurity company and the hedge fund discussed ways to boost the share price by improving operations and exploring a sale, two people familiar with the matter told Reuters. Three newcomers would join the …
Exclusive-Rapid7 nears settlement with activist Jana Partners, sources say Read More »
By Lewis Krauskopf NEW YORK (Reuters) -Even as U.S. stocks seek to regain their footing, weakness in a closely followed index of transportation shares is a sign of growing investor worries about the economy. The S&P 500 posted a modest weekly gain, snapping a four-week streak of declines. The benchmark index was clawing back after …
Dow Transports index slump poses trouble spot as investors seek stocks stability Read More »
CAIRO (Reuters) – Iraq plans to raise oil production capacity to more than 6 million barrels per day (bpd) by 2029, the state news agency reported Iraq’s oil ministry as saying on Sunday. Oil ministry undersecretary Bassem Mohamed Khodeir told the agency that Iraq aims to achieve its target through oil exploration and nationwide drilling …
Iraq plans to raise oil production capacity above 6 million bpd by 2029 Read More »
By Valerie Volcovici, Leah Douglas and Gloria Dickie (Reuters) – President Donald Trump’s regulatory freeze has injected chaos and uncertainty into a number of lucrative American fisheries, raising the risk of a delayed start to the fishing season for some East Coast cod and haddock fleets and leading to overfishing of Atlantic bluefin tuna, according …
Trump’s regulatory freeze throws US fishing industry into chaos Read More »
TORONTO (Reuters) -Prime Minister Mark Carney on Friday said Canada could offset the effects of any U.S. tariffs by removing internal trade barriers and that he aimed for free trade within the country by July 1, after meeting provincial and territorial leaders. “We are committing to table legislation by the 1st of July for goods …
Canada aims for free internal trade that can offset any US tariffs, Carney says Read More »
By Mike Scarcella, Sara Merken and Karen Sloan NEW YORK (Reuters) -Powerful Wall Street law firm Paul Weiss faced heavy criticism on Friday over a deal it struck with the White House to escape an executive order imperiling its business, even as some lawyers said the firm faced few other options. Lawyers at some companies …
Law firm Paul Weiss defends deal with Trump as lawyers sound alarm Read More »
By Dietrich Knauth NEW YORK (Reuters) -Voice of America journalists and their unions sued the Trump administration on Friday, saying that the shutdown of U.S.-funded news agencies violated the workers’ First Amendment right to free speech. The U.S. Agency for Global Media, its acting director Victor Morales, and Special Adviser Kari Lake placed over 1,300 …
Voice of America employees sue Trump administration over shuttered news outlets Read More »
