S&P 500, Dow hit record highs on bank earnings boost
The S&P 500 and the Dow hit record highs on Friday after Morgan Stanley wrapped up quarterly earnings reports from the big U.S. banks with a profit surge, while optimism about a solid economic rebound put the main indexes on course for weekly gains. Nine of the 11 S&P indexes were trading higher, with only…
Iraq in talks with U.S. firms over buying of Exxon shares in West Qurna 1 oilfield – statement
BAGHDAD — Iraq said on Thursday it is in discussions with U.S. oil companies over a possible purchase of ExxonMobil shares in the southern West Qurna 1 oil field. It did not say which companies were interested in buying the shares, and provided no further details. (Reporting by Ahmed Rasheed, John Davison. Editing by Jane…
Toshiba CEO steps down, shares surge on bidding war expectations
TOKYO — Toshiba Corp CEO Nobuaki Kurumatani resigned on Wednesday amid controversy over a $20 billion buyout bid from CVC Capital Partners and the conglomerate’s shares surged on reports that KKR & Co and Brookfield are also planning offers. Satoshi Tsunakawa, who previously led the company before Kurumatani and until Wednesday was chairman, will once…
India Has 2nd-Most Cases; U.K. Hits Vaccine Target: Virus Update
(Bloomberg) — India overtook Brazil as the country with the second-most cases in the world. A study in Brazil showed that Sinovac Biotech Ltd.’s vaccine is slightly more than 50% effective, raising new concerns over the efficacy of the China’s suite of Covid-19 shots. The U.K. hit its goal of offering a shot to all…
Stocks Edge Lower as China Factory Inflation Jumps: EM Review
(Bloomberg) — Emerging-market stocks crept lower over the week with the bulk of the declines on Friday after China said producer prices jumped in March, adding to concern inflation is gathering pace. It was a similar story in the U.S., where faster-than-expected producer-price inflation reported the same day pushed Treasury yields back up, crimping weekly…
Ford, VW Battery Supplier Said to Reach Deal to Avoid Import Ban
(Bloomberg) — The South Korean supplier of electric vehicle batteries in the U.S. for Ford Motor Co. and Volkswagen AG has reached a last-minute deal with its chief rival, said people familiar with the situation. Saturday’s move averts a 10-year import ban on SK Innovation Co.’s products and protects thousands of jobs in the politically…
Brace for the Amazon effect on live sport
IN 1993 FOX, a nascent cable network owned by Rupert Murdoch, an Australian-born tycoon, paid a fortune to scoop the rights to National Football League (NFL) games from under the nose of CBS, a veteran broadcaster. It caused a tremor in American television history. As one CBS reporter put it, “The NFL was ingrained in…
BJ’s Wholesale Club CEO Lee Delaney dies unexpectedly
BJ’s Wholesale Club Holdings Inc said on Friday Chief Executive Officer Lee Delaney had died unexpectedly due to presumed natural causes. Bob Eddy, who has been the company’s finance chief since 2011, will take over as CEO on an interim basis, the wholesale retailer said. Delaney, a former Bain Capital partner, took over as BJ’s…
Weekly Watchlist: Biden Orders Actions to Curb Gun Violence in the U.S.
Greetings, Quicktake readers! This week, Biden orders tighter gun controls to curb an “epidemic” of mass shootings. Plus, 2021 is shaping up to be a turning point for paying college athletes. Stream now for free.
EU Exports 80 Million Vaccines With Japan and the U.K. Getting Most
EU Exports 80 Million Vaccines With Japan and the U.K. Getting Most
EU Exports 80 Million Vaccines With Japan and the U.K. Getting Most
EU Exports 80 Million Vaccines With Japan and the U.K. Getting Most
EU Exports 80 Million Vaccines With Japan and the U.K. Getting Most
EU Exports 80 Million Vaccines With Japan and the U.K. Getting Most
Chile lithium watchdog to cut red tape seen crimping sector
SANTIAGO — Chile’s top lithium regulator is preparing to slash the red tape that investors have long said stymies output and new projects in the world’s No. 2 producer of the ultralight battery metal, the head of the watchdog told Reuters. Jaime Salas, director of Chilean nuclear agency CCHEN, said in an interview in his…
IMF to Discuss More Support for Vulnerable Middle-Income Nations
The International Monetary Fund will discuss ways to provide greater support for middle-income nations hit hard by the global pandemic, Managing Director Kristalina Georgieva said.
IMF to Discuss More Support for Vulnerable Middle-Income Nations
The International Monetary Fund will discuss ways to provide greater support for middle-income nations hit hard by the global pandemic, Managing Director Kristalina Georgieva said.
Climate protests damage Barclays London HQ, seven arrested
LONDON — Police arrested seven people outside the London headquarters of Barclays on Wednesday after climate change activists broke windows to protest the role of the financial sector in climate change. The activists from the Extinction Rebellion group used hammers to break the windows and then pasted the message “In Case of Climate Emergency Break…
BringCom Welcomes New Managing Director for Datanet in Uganda
STERLING, Va. — BringCom Incorporated, a leading provider of connectivity solutions in Africa, would like to welcome Allen Chimhende, the new Managing Director of Datanet. Allen brings a wealth of telecommunications and managerial experience to the company having worked previously as Managing Director in multiple East African countries, including Uganda. As part of the strategic…