Twitter Vows Legal Fight After Musk Withdraws From $44 Billion Deal

July 8 (Reuters) – Elon Musk, CEO of Tesla (TSLA.O) and the world’s richest person, said on Friday he would terminate his $44 billion deal to buy Twitter. (TWTR.N) because the social media company had breached multiple provisions of the merger agreement. Twitter Chairman Bret Taylor said on the microblogging platform that the board plans … Read more

European stocks struggle ahead of US jobs data.

LONDON, July 8 (Reuters) – European stocks opened slightly lower on Friday and struggled for gains after the shooting of Japan’s former prime minister sent Asian stocks sliding as investors awaited key jobs data. in the United States later in the session. Investor sentiment had been positive earlier in the session, which analysts said was … Read more

Russia Takes Control of Sakhalin Gas Project, Raises Bets with the West

Putin signed decree to secure all rights on Thursday Five-page decree follows tightening of Western sanctions The move increases the risks for Western companies still in Russia Shell was already in talks to sell its stake in Sakhalin TOKYO/LONDON, July 1 (Reuters) – President Vladimir Putin has raised the stakes in an economic war with … Read more

S&P 500 closes the book on its steepest first-half decline since 1970

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 22, 2022. REUTERS/Brendan McDermid Sign up now for FREE unlimited access to Reuters.com Record US May Consumer Spending Up Moderately; inflation stays hot Nasdaq records largest percentage drop in January-June Indices down: Dow 0.82%, S&P 0.88%, … Read more

Asian Stocks Lose Gains Made in Shorter China Quarantine as Recession Fears Persist

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, looks at an electronic board showing Japan’s Nikkei index outside a brokerage house in Tokyo, Japan, on March 7, 2019. 2022. REUTERS/Kim Kyung-Hoon Sign up now for FREE unlimited access to Reuters.com Record TOKYO, June 29 (Reuters) – Asian stock markets fell on … Read more

Credit Suisse found guilty in cocaine cash laundering case

Credit Suisse first major Swiss bank to face criminal trial Former banker found guilty of qualifying money laundering Bank plans to appeal BELLINZONA, Switzerland, June 27 (Reuters) – Credit Suisse (CSGN.S) was convicted by the Swiss Federal Criminal Court on Monday of failing to prevent money laundering by a Bulgarian gang of cocaine traffickers in … Read more

Stocks moderate their inflation expectations due to the blow to copper

S&P futures up 0.9%, European stocks gain 1.5% MSCI Global Shares Target 2.5% Weekly Gain Copper falls more than 7% in the week, oil falls 2% German 10-year bond yield falls 4 bps LONDON, June 24 (Reuters) – Global stocks were headed for their first weekly gain in a month and Wall Street was set … Read more

Toyota and Subaru shares fall on ‘shameful’ recalls of early electric vehicles

TOKYO, June 24 (Reuters) – Toyota Motor (7203.T)Shares fell after it withdrew some of its first mass-produced all-electric cars, launched two months ago, due to the risk of wheels coming loose, a setback to its ambitions to electrify its model range. Toyota, the world’s largest automaker by sales, said on Thursday it would recall 2,700 … Read more

Exclusive: Inside the hangar at the center of the $1 billion Airbus-Qatar plane dispute

DOHA, June 22 (Reuters) – Two high-tech Airbus A350 jets sit idle with windows sealed and engines covered in a lighted hangar in the Gulf, hampered by an international legal dispute between European industrial giant Airbus. (AIR.PA) and the national airline of Qatar. From a distance, the planes may look like any other long-haul aircraft … Read more

Latest Crypto Crash Leaves Punters Bruised and Bewildered

LONDON/MUMBAI/ANKARA, June 21 (Reuters) – For Jeremy Fong, US crypto lender Celsius was an ideal place to stash his digital currency holdings and earn some spending money from its double-digit interest rates along the way. “I was probably making $100 a week” at places like Celsius, said Fong, a 29-year-old civil aerospace worker who lives … Read more