Category Archives:
European credit CDS jumps as Fed-speak spooks markets
(Reuters) - The cost of insuring exposure to corporate bonds surged on Wednesday as stock markets tumbled on worries of aggressive U.S. rate hikes hurting growth and further Western sanctions on Russi...
Apr 06, 2022
China’s widening COVID curbs exact mounting economic toll
By Josh Horwitz and Kevin Yao SHANGHAI (Reuters) - China's top European business group warned on Wednesday that its "zero-COVID" strategy was harming the attractiveness of Shanghai as a financial hub,...
Apr 06, 2022
JetBlue’s Spirit bid takes Wall Street by surprise, analysts question deal merits
(Reuters) - JetBlue Airways Corp's $3.6 billion bid for low-cost airline Spirit Airlines caught Wall Street off guard on Wednesday, with analysts questioning the benefits of a merger between the two c...
Apr 06, 2022
U.S., allies to ban investments in Russia, sanction banks
By Andrea Shalal and Nandita Bose WASHINGTON (Reuters) - The United States and its allies will target Russian banks and officials with a "sweeping package" of sanctions on Wednesday and ban new invest...
Apr 06, 2022
Sheer joy in store as U.S. retailers stock up for bumper wedding season
By Uday Sampath Kumar and Mehr Bedi (Reuters) - Wedding guests should prepare for a few surprises at this year's post-pandemic U.S. nuptials as people discard their sweatpants for sheer layering and b...
Apr 06, 2022
Rock n’ Roll singer Bobby Rydell dies at age 79
(Reuters) - Rock n' Roll singer and actor Bobby Rydell, a teen idol in the 1950s and 60s who starred in the hit movie musical "Bye Bye Birdie" and recorded dozens of hits, has died in Pennsylvania, hi...
Apr 06, 2022
Exclusive-BlackRock, Ashmore part of Sri Lanka’s creditor group ahead of debt talks
By Jorgelina do Rosario LONDON (Reuters) - Asset managers Blackrock Inc. and Ashmore Group Plc. are among the top holders of Sri Lanka's international bonds that form part of a creditor group as marke...
Apr 06, 2022
Wirecard investors target EY parent for 1.5 billion euros in compensation
LONDON (Reuters) - European investor campaign group Better Finance said on Wednesday it has set up a foundation to help 30,000 investors recover the 1.5 billion euros ($1.64 billion) they lost when Ge...
Apr 06, 2022
Afreximbank sets up $4 billion trade fund to cushion against Ukraine-related shocks
NAIROBI (Reuters) - Afreximbank said on Wednesday it had set up a $4 billion trade finance programme to cushion economies and businesses on the continent against shocks arising from the war in Ukraine...
Apr 06, 2022
Production from Stellantis Italy plants to fall for fifth year due to chip crisis-union
MILAN (Reuters) - Vehicle production from sites owned in Italy by Stellantis and previously its predecessor Fiat Chrysler is set to fall for a fifth consecutive year in 2022 due to the microchip suppl...
Apr 06, 2022
Peoria, IL, USA
87 °F Sunny
