Stocks News

LONDON (Reuters) -There is no evidence that the COVID-causing virus came from animals, the former head of the Chinese Center for Disease Control and Prevention (CDC) said on Friday.

(Fixes typo in first paragraph) By Joice Alves

LONDON (Reuters) – HSBC’s planned sale of its French retail banking business to Cerberus-backed My Money Group may fall through due to interest rate rises in France, the British bank said on Friday.

(Reuters) -Parler, a social media app popular with U.S. conservatives, was sold to digital media conglomerate Starboard for an undisclosed sum and will be shut down temporarily to give its new owner time to roll out a revamped version of the platform.

(Reuters) – Southwest Airlines expects an ongoing Boeing 737 MAX manufacturing problem to delay some plane deliveries this year, Southwest said Friday.

By Valentine Hilaire MEXICO CITY (Reuters) – Mexican investment firm JLL Capital, whose Honduran operation has been blocked since 2018 in a local dispute, is seeking some $380 million from the Central American country in arbitration proceedings, claiming that it violated foreign investment protections, documents reviewed

By Howard Schneider (Reuters) – Despite a year of aggressive rate increases U.S. central bankers “haven’t made much progress” in returning inflation to their 2% target and need to move interest rates higher still, Federal Reserve Governor Christopher Waller said on Friday.

(Reuters) – Loblaw Companies Ltd on Friday said it would spend C$2 billion ($1.50 billion) to expand its business in 2023 and create more than 6,000 new jobs in retail, supply chain, technology and construction in Canada.

By Birsen Altayli and Can Sezer ISTANBUL (Reuters) – The deadliest earthquake in Turkey’s modern history has reawakened fears on the other side of the country that Istanbul is an even bigger disaster waiting to happen, sending hundreds of thousands scrambling to find safer homes.

In March 2023, the estimated sales of retail and food services in the US were $691.7 billion, reflecting a 1% decrease from the previous month.

BENGALURU (Reuters) – Bodhi Tree, a joint venture between James Murdoch and a former Star India executive, has reduced its planned investment in Reliance’s broadcast venture Viacom18 by 70% and will now pump in 43.06 billion rupees ($527.84 million), Viacom18 said late on Thursday.

(Reuters) – PNC Financial Services Group reported an 18.5% rise in first-quarter profit on Friday, as the Federal Reserve’s rate hikes fueled a surge in the U.S. regional lender’s net interest income (NII).

RIO DE JANEIRO (Reuters) – Brazilian Defense Minister Jose Mucio said late Thursday that countries such as Sweden and Colombia had expressed interest in buying Embraer’s KC-390 military cargo aircraft.

(Reuters) – U.S. money market funds received inflows for a fifth straight week after recent data pointed to a still-strong labor market, bolstering bets for a rate hike by the Federal Reserve in May.

By Harry Robertson LONDON (Reuters) – Investors have moved $538 billion into cash funds over the past eight weeks as they pulled money out of bank deposits after the collapse of Silicon Valley Bank, according to Bank of America figures released on Friday.

A look at the day ahead in U.S. and global markets from Mike Dolan

(Reuters) – Tesla Inc on Friday slashed prices of its electric vehicles in Europe, Israel and Singapore, extending a global discount drive it began in China in January while raising concern about its industry-leading profit margin.

PARIS (Reuters) – LVMH, the world’s largest luxury goods group, has agreed to buy a majority stake in Platinum Invest Group, the owner of French jewellery producers Orest and Abysse, with an eye to bulking up production for its U.S. jeweller Tiffany.

MILAN (Reuters) – Ferrari has a record order book for its models spanning into next year, Chairman John Elkann told the sports car maker’s shareholders on Friday.

(Reuters) – Global investors were big buyers in money market funds for a seventh straight period in the week to April 12 after a strong U.S. jobs report heightened expectations that the U.S. Federal Reserve would raise interest rates in May.