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16h18 Dow Inc's current-quarter
revenue forecast was more than $1 billion above expectations
after the company crushed first-quarter estimates on surging
prices for its chemicals from tighter supply following a winter
freeze in Texas.. . .
16h01 As U.S. President Joe
Biden escalates his climate change agenda, pressure is growing
on the country's regulators to catch up with Europe and
incorporate various risks posed by climate change into their
oversight of the. . .
16h00 U.S. home sales fell to a
seven-month low in March, pulled down by an acute shortage of
properties, which is boosting prices and making owning a house
more expensive for some first-time buyers.. . .
15h58 Volkswagen is considering a
change to its supervisory board that could lead to the
replacement of Bernd Osterloh, the head of its powerful works
council who clashed with CEO Herbert Diess last year, sources
familiar. . .
15h56 The Biden administration on
Thursday pledged at a U.S. climate summit attended by world
leaders to slash U.S. greenhouse gas emissions in half by 2030,
a target it hopes will spur other big countries. . .
15h52 Insurer Chubb Ltd said on
Thursday it was "disappointed" that Hartford Financial Services
Group had rebuffed two more buyout bids, weeks after the
smaller rival rejected its initial $23.24 billion proposal.. . .
15h43 Canadian National Railway Co
on Thursday sent a letter to Kansas City Southern's
board, saying the company is confident of winning regulatory
approvals for its takeover offer of about $33.7 billion.. . .
15h38 The number of Americans
filing new claims for unemployment benefits last week dropped to
a fresh one-year low, suggesting layoffs were subsiding and
strengthening expectations for another month of blockbuster job
growth in April as. . .
15h33 Wall Street's main indexes opened flat
on Thursday as investors assessed earnings from U.S. airlines
and AT&T, while data showed fewer Americans filed fresh claims
for unemployment benefits last week.. . .
15h31 U.S. Treasury trading showed little
drama for a fifth consecutive day on Thursday despite healthy
new employment data as investors awaited guidance from a Federal
Reserve meeting next week.
The benchmark. . .
14h38 Quest Diagnostics Inc beat
quarterly profit estimates on Thursday, as a recovery in its
non-COVID-19-related businesses helped offset slowing demand for
the medical device maker's coronavirus testing services.. . .
14h37 Amazon-backed home technology solutions
provider SmartRent.com Inc said on Thursday it had agreed to go
public through a merger with a blank-check firm backed by
venture capital firm Fifth Wall, valuing the equity of. . .
14h28 A handful of startups
are trying to find a new way to recycle used car batteries,
using water, chemicals and electricity to produce lead instead
of the hazardous, high-heat smelting that has been identified. . .
14h02 Chicago corn futures gained more
ground on Thursday, with prices holding around eight-year highs, as cold weather
in the United States and dryness in Brazil raised doubts about whether next
harvests will replenish declining. . .
13h57 Boeing's first 737 MAX
delivery to Ryanair remains weeks away, the Irish
airline said on Thursday, a month after forecasting that it
would take delivery of eight of the aircraft before the end of
April.. . .
13h53 The European Union
needs to study the rise of special purpose acquisition companies
(SPACs) but it is too early to say if they are a "bubble", the
executive director designate for EU securities watchdog. . .
13h42 Japan on Thursday raised its
target for cutting carbon emissions to 46% by 2030, responding
to pressure from the United States and domestic companies, along
with environmentalists who criticized its previous goal of 26%
as. . .
13h03 D.R. Horton Inc raised its
full-year outlook for home deliveries and reported a
better-than-expected quarterly profit, as strong housing demand
and low mortgage rates boosted the top U.S. homebuilder's sales.. . .
13h00 Mexican state oil company
Petroleos Mexicanos ordered most senior management to
return to work in person as of next week, an internal memo
shows, even as the country reports hundreds of new COVID-19
deaths a. . .
12h59 A Syrian missile exploded in
southern Israel on Thursday, the Israeli military said, in an
incident that triggered warning sirens near the secretive Dimona
nuclear reactor and an Israeli strike in Syria.. . .
12h00 Swedish climate activist
Greta Thunberg will testify Thursday to a U.S. congressional
hearing on fossil fuel subsidies, which the committee's
progressive chairman is pressuring President Joe Biden to end.. . .
11h59 In 2015, Iran reached a
historic deal with six world powers to trade curbs on its
nuclear programme for sanctions relief, including on oil. But in
2018, the United States under Donald Trump's presidency. . .
11h23 Orange, France's
biggest telecoms firm, signalled that cut-throat competition in
Spain was here to stay, weighing on investor sentiment as the
group posted a worse-than-expected performance in its
second-biggest market.. . .
11h15 Ireland, resigned to having
much to lose from a global overhaul of how multinational
companies are taxed, has embarked on a damage limitation
exercise that it hopes will let it and other low-tax economies
retain. . .
10h07 A bipartisan U.S.
congressional push to counteract China picked up steam on
Wednesday as a Senate committee overwhelmingly backed a bill
pressing Beijing on human rights and economic competition, while
other lawmakers introduced a measure. . .
10h00 Buyout firm Carlyle Group Inc's
AlpInvest Partners said on Thursday it had raised $3.5 billion
for its eighth fund that is dedicated to investing in companies
alongside private equity firms.. . .
09h08 Swedish truckmaker AB Volvo
smashed forecasts for first-quarter core earnings on
Thursday on the back of surging demand, lifting its shares, but
cautioned a global chip shortage was set to hit production in
the near. . .
02h43 AMP Ltd saw A$1.5 billion
($1.16 billion) in net outflows at its Australian wealth
management business in the first quarter as the troubled
financial firm continues to lose clients, sending its shares to
a more. . .
02h35 Credit Suisse Group had more
than $20 billion of exposure to investments related to Archegos
Capital Management and struggled to monitor them before the fund
had to liquidate many large positions, the Wall Street. . .
02h25 Tesla Inc came under
increased pressure in China on Wednesday from regulators and
state media after Monday's protest by a disgruntled customer at
the Shanghai auto show went viral and forced the electric car
maker. . .
02h05 The U.S. economy will grow at its
fastest annual pace in decades this year and outperform most of
its major peers, with the outlook upgraded sharply, but another
COVID-19 surge was the biggest risk. . .
01h29 Australian gas producer Santos Ltd
on Thursday posted a 9.2% rise in first-quarter
revenue, helped by firmer commodity markets as global economies
recover from last year's pandemic lows, and forecast stronger
LNG prices for the. . .
01h17 Kinder Morgan on Wednesday
posted a quarterly profit that breezed past estimates, helping
the U.S. pipeline operator raise its annual earnings forecast,
on a demand surge for natural gas and electricity during the
February winter. . .
01h09 The United States will join
an international effort to achieve zero emissions by 2050 in the
global shipping industry, climate envoy John Kerry announced
ahead of a summit of world leaders President Joe Biden. . .
01h02 The U.S. Senate Foreign
Relations Committee advanced a bill on Wednesday to deliver aid
to Ukraine in its struggle with Russia and pressure companies
helping to build Russia's Nord Stream 2 gas pipeline that. . .
00h55 Canadian Pacific Railway Ltd
Chief Executive Keith Creel said on Wednesday the company will
not raise its bid for U.S. railroad Kansas City Southern
, saying bigger rival Canadian National's offer
is "not a real. . .
00h44 A Mexican judge has sided
with Bayer AG in a legal challenge to a government
plan to prohibit glyphosate, according to the ruling seen by
Reuters on Wednesday, providing temporary relief from a looming
ban. . .
21/04 U.S. corn and soybean futures
climbed to multi-year highs on Wednesday, supported by firm cash
markets as old-crop supplies dwindle and weather issues threaten
prospects for the 2021 harvests, analysts said.. . .
21/04 The chief executive of
Europe's largest restaurant order and delivery company Just Eat
Takeaway.com sparred with the CEO of Uber on
Twitter on Wednesday after the U.S. company said Uber Eats would
launch in Germany,. . .
21/04 Kinder Morgan's profit more
than doubled from the prior quarter and the U.S. pipeline
operator raised its annual forecast as well as dividend,
benefiting from a sudden demand surge for natural gas as fuel. . .
21/04 U.S. Treasury Deputy
Secretary Wally Adeyemo told securities industry executives on
Wednesday that the Treasury will weigh the costs and benefits of
financial sanctions to ensure that they remain a strong and
viable foreign policy. . .
21/04 Wall Street
rebounded on Wednesday after a two-day decline in a broad rally
as a tilt toward stocks poised to benefit from a recovering
economy offset Netflix Inc's sell-off after its
disappointing results a day. . .
21/04 U.S. Treasury yields remained
range-bound on Wednesday even after an auction of 20-year bonds
showed strong demand, a pattern analysts expect to persist until
next week's economic data releases and Federal Reserve policy
meeting.. . .
21/04 U.S. Treasury Secretary Janet Yellen on
Wednesday pledged to aggressively tackle climate change using
all the tools at her disposal, warning that a failure to do so
effectively and promptly could undermine economic growth.. . .
21/04 NextEra Energy Inc will back
the U.S. government's push for utilities to tap carbon-free
sources, the country's most valuable electricity provider said
as capacity growth in renewable energy pushed its quarterly
profit above expectations.. . .
21/04 A Mexican judge has sided
with Bayer AG in a legal challenge over a government policy that
seeks to ban glyphosate, the company told Reuters on Wednesday,
in a temporary reprieve from a looming. . .
21/04 U.S. auto retailer Lithia Motors Inc
on Wednesday trounced first-quarter profit estimates and
said it was running ahead of schedule to hit its $50 billion
annual revenue target as it benefits from higher prices. . .
21/04 A global deal overhauling how
multinational companies are taxed is likely this year, an
official overseeing the talks said on Wednesday, as low-tax
Ireland called for any agreement to work for small countries and
allow. . .
21/04 A new generation of nuclear
power facilities that China is developing could produce large
amounts of plutonium that could be used to make nuclear weapons,
the head of the U.S. Strategic Command warned lawmakers. . .
21/04 Nasdaq Inc reported a
better-than-expected first-quarter profit on Wednesday, boosted
by strength in its trading business against a backdrop of high
market volatility and a surge in initial public offerings.. . .
21/04 President Joe Biden on
Wednesday will announce tax credits to businesses that provide
paid time off for some people to get COVID-19 shots as he seeks
to get corporate America more involved in the. . .
21/04 U.S. Treasury Secretary
Janet Yellen said on Wednesday that companies setting ambitious
carbon reduction targets are already helping financial
institutions manage climate-related risks and helping support a
transition to a low-carbon economy.. . .
21/04 Canadian National said on
Wednesday it had notified the U.S. Surface Transportation Board
of its intent to buy Kansas City Southern after it made
an unsolicited $30 billion bid for the U.S. railroad.. . .
21/04 Wall Street cast doubt on Wednesday on
Netflix Inc's ability to bounce back strongly from a
first-quarter slowdown in subscriber growth that pointed to
fatigue among viewers after a year of COVID-19-driven binge
streaming.. . .
21/04 Shares of DoubleVerify Holdings Inc
jumped nearly 30% in their U.S. market debut on
Wednesday, giving the digital media engagement tracking software
maker a market value of about $5.4 billion.. . .
21/04 U.S. crude oil stockpiles unexpectedly
edged higher last week, while distillate inventories fell and
gasoline stocks built modestly as refining rates held steady,
the Energy Information Administration said on Wednesday.. . .
21/04 Anthem Inc on Wednesday warned
of higher medical costs in the coming quarters due to a
sooner-than-anticipated rebound in demand for non-COVID-19
healthcare services as more Americans get vaccinated.. . .
21/04 ASML Holding NV,
one of the biggest suppliers to semiconductor companies, beat
first-quarter net income forecasts on Wednesday and raised its
full-year sales expectations, citing strong demand amid a global
computer chip shortage.. . .
21/04 If U.S. policymakers want to
reduce energy-related emissions faster and deeper to achieve the
Biden administration’s stated objective of net zero by 2050,
they will need much more profound changes than have occurred so
far. . .
21/04 Baker Hughes Co and Halliburton
Co on Wednesday said North American oil markets were
showing signs of recovery as the two energy services firms beat
Wall Street expectations for first-quarter earnings.. . .
21/04 Canada's main stock index rose on
Wednesday as a raft of upbeat corporate earnings lifted investor
sentiment and expectations of a swift economic recovery, though
lower oil prices capped further gains.. . .
21/04 Air traffic will recover more
slowly than previously expected from the COVID-19 pandemic, as
vaccination delays and government "risk aversion" slows the
reopening of routes, global airlines body IATA said on
Wednesday.. . .
21/04 Daimler will cut
working hours for up to 18,500 employees and temporarily halt
production at two plants in Germany due to a shortage of
semiconductor chips that has hit global car production, it said
on. . .
21/04 Saudi Tadawul Group has
short-listed three local and three foreign banks for potential
advisory roles in the financial market company's upcoming
initial public offering (IPO), three sources said.. . .
21/04 Record-breaking Wall Street
bank bond offerings in recent days are being driven by a
combination of extraordinary market conditions and regulatory
decisions that can be traced to the government's pandemic relief
efforts, said analysts.. . .
21/04 Classy, a technology company which
builds fundraising software for non-profit institutions, has
raised $118 million in fresh capital from venture capital firm
Norwest Venture Partners and other investors, it said on
Tuesday.. . .
21/04 Oilfield equipment and services
provider Baker Hughes Co top boss on Wednesday
reiterated he is "cautiously optimistic" about oil demand
recovering this year from the coronavirus blow, echoing a view
he shared on the company's. . .
21/04 Foreign investors' relatively
high exposure to Russian equities and the sector's heavy focus
on energy could add to pressure on the country's stocks, which
have struggled to weather recent political storms, analysts
said.. . .
21/04 Carmaker Stellantis
said on Wednesday it would replace digital speedometers with
more old-fashioned analogue ones in one of its Peugeot models,
in a fallout from a global shortage of semiconductor chips that
is roiling the. . .
21/04 Gamestop Corp chief executive
George Sherman can step down this summer with a $179 million
windfall that dwarfs CEO salaries at many larger corporations
thanks to a sweetheart deal that was turbocharged by this. . .
21/04 Carrefour plans to buy
back shares for the first time in a decade, showing confidence
in its turnaround plan after a strong first quarter and sending
shares in Europe's biggest food retailer around 4%. . .
21/04 Bain Capital is looking at
formulating a bid to acquire Toshiba Corp, two people
familiar with the matter said, making it one of several firms
said to be interested in taking the Japanese conglomerate
private.. . .
21/04 A South Korean court on
Wednesday upheld Japan's state immunity to dismiss a lawsuit
raised by a group of women who were forced to work in Japanese
wartime brothels, contradicting a ruling in a. . .
21/04 The governors of a dozen
U.S. states including California, New York, Massachusetts and
North Carolina called on President Joe Biden on Wednesday to
back ending sales of new gasoline-powered vehicles by 2035, a
dramatic shift. . .
21/04 Australian Clinical Labs (ACL),
a pathology provider owned by domestic private equity firm
Crescent Capital Partners, is seeking to raise $315 million in
an initial public offering next week, according to a memo seen
by. . .
21/04 Hong Kong-based online
brokerage Futu Holdings Ltd has raised $1.24 billion by
selling new shares at $130 a piece to help expand its margin
financing business, two people with direct knowledge of the
matter told. . .
21/04 Refiners are expected to report big
first-quarter losses after February's winter storm froze
activity along the Gulf Coast, but as more Americans are
vaccinated against COVID-19, analysts expect the industry's
outlook to brighten as demand. . .
21/04 Netflix Inc said slower
production of TV shows and movies during the pandemic hurt
subscriber growth in the first quarter, sending shares of the
world's largest streaming service down 11% on Tuesday.. . .
21/04 Taiwan electronics
manufacturer Foxconn is drastically scaling back a
planned $10 billion factory in Wisconsin, confirming its retreat
from a project that former U.S. President Donald Trump once
called "the eighth wonder of the world.". . .
21/04 SoftBank Group Corp's
$100 billion Vision Fund is widely seen reporting record
earnings on May 12 after portfolio companies listed during the
quarter, mostly driven by gain on its stake in South Korean
e-commerce giant. . .
21/04 Yasuo Takeuchi remembers the
horror he felt in 2017 when, as chief financial officer of
Japan's Olympus Corp, he was told an activist investor
had taken a stake in the company: the barbarians were. . .
21/04 China's President Xi Jinping
will attend a U.S.-led climate change summit on Thursday at the
invitation of President Joe Biden, in the first meeting between
the two leaders since the advent of the new. . .
21/04 Tesla Inc's vehicle
registrations in California dropped marginally during the first
quarter compared with last year, weighed down by a slump in
Model 3 registrations, according to data from Cross-Sell https://info.cross-sell.com/tesla-special-report-0,
a research firm that. . .
21/04 Apple Inc announced on Tuesday
a range of new computers, a paid podcasting service and devices
for finding lost items, signaling the continued expansion of its
once-simple product line into more and more corners. . .
21/04 Brazil's decision to
temporarily suspend grain import tariffs is likely to benefit
the United States and Ukraine, whose producers could sell
products like corn for use as feed in Brazil, the leader of a
Brazilian. . .
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