Tag: com
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Shares gain because bank support encourages investors
MSCI All-World index up 0.3%, dollar falls UBS rehires Ermotti as head of the merged unit Alibaba up 13%, other Chinese tech stocks up Oil rises, gold falls LONDON, March 29 (Reuters) – Global stocks rose on Wednesday as investors took heart from greater levels of stability in the banking sector, but the sense of […]
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EU countries approve the phasing out of CO2-emitting cars by 2035
BRUSSELS, March 28 (Reuters) – European Union countries on Tuesday gave final approval to a landmark law to end sales of new CO2-emitting cars by 2035, after Germany granted an exemption for cars running on e-fuels . The approval of EU countries’ energy ministers means Europe’s key automotive climate policy can now come into effect […]
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Stocks rise, US Treasury yields rise as bank fears ease
HONG KONG, March 28 (Reuters) – Global stocks and US bond yields rose on Tuesday, as a US regulator-backed deal by First Citizens BancShares to buy the failed Silicon Valley Bank allayed wider concerns about problems in the sector. MSCI’s broadest index of Asia-Pacific stocks outside Japan (.MIAPJ0000PUS) was up 0.3% by early morning in […]
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US and Japan sign trade deal on battery minerals for electric vehicles
WASHINGTON, March 28 (Reuters) – The United States and Japan on Tuesday announced a trade deal on battery minerals for electric vehicles that is essential to strengthening their battery supply chains and giving Japanese automakers wider access to a new $7,500 US EV tax credit. The swiftly negotiated agreement prohibits the two countries from imposing […]
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Morning offer: Banks leak money
A look at the day ahead at Wayne Cole’s European and global markets It’s been a quiet Monday so far with mixed Asian stock markets, but US and European stock futures higher, perhaps because they made it through a weekend without another bank failure. There is some relief that First Citizens BancShares Inc (FCNCA.O) is […]
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Saudi Aramco inks $12.2 billion Chinese oil refinery, petchem complex deal
SINGAPORE, March 27 (Reuters) – Saudi Aramco (2222.SE) on Sunday signed an agreement with Chinese partners for an oil refining and petrochemical project in northeastern China expected to open in 2026 to meet growing demand from the land to fuel and chemicals. The project in the city of Panjin in Liaoning Province will be Aramco’s […]
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Asian equities are skittish as banks face bankruptcy stress
Asian Fairs: Nikkei up 0.3%, S&P 500 and European futures up Eyes on Deutsche Bank, credit default swaps Deposits flow from banks to money market funds SYDNEY, March 27 (Reuters) – Asian stocks struggled on Monday as US and European stock futures rallied higher on hopes authorities sought to shield stress in the global banking […]
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Oil falls as US postpones replenishment of strategic reserve
March 24 (Reuters) – Oil prices added to losses on Friday on concerns over possible oversupply after US Secretary of Energy Jennifer Granholm said replenishing the country’s Strategic Petroleum Reserve (SPR) could take several years. Brent crude fell 34 cents, or 0.45%, to $75.57 a barrel by 0412 GMT, while US West Texas Intermediate crude […]
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House Republicans subpoena labor authorities in Starbucks union dispute
March 22 (Reuters) – The House Education and Labor Committee issued a subpoena to the National Labor Relations Board (NLRB) on Wednesday, alleging labor organization officials failed to conduct fair and impartial union elections at Starbucks Corp (SBUX.O) . In the letter accompanying the subpoena, Virginia Foxx, the committee’s top Republican, said an NLRB report […]