Stocks News

By David Lawder WASHINGTON (Reuters) – The International Monetary Fund on Tuesday trimmed its 2023 global growth outlook slightly as higher interest rates cool activity but warned that a severe flare-up of financial system turmoil could slash output to near recessionary levels.

SINGAPORE (Reuters) – Major cryptocurrency bitcoin breached the key $30,000 level for the first time in 10 months on Tuesday, adding to its steady gains as investors raised bets that the U.S. Federal Reserve will soon end its aggressive monetary tightening campaign.

By Gabriel Araujo RIO DE JANEIRO (Reuters) – Brazilian planemaker Embraer SA aims to sign a deal for the sale of 20 commercial jets to a Chinese airline during President Luiz Inacio Lula da Silva’s visit to China this week, two people familiar with the matter

(Reuters) – Utilities firm Dominion Energy Inc will buy Longroad Energy’s 108 megawatt solar project in Virginia, the U.S.-based renewable energy developer said on Tuesday.

By David Shepardson WASHINGTON (Reuters) – The U.S. Energy Department (DOE) on Monday proposed reducing electric vehicles’ (EV) mileage ratings to meet government fuel economy requirements, a move that could force automakers to sell more low-emissions cars or improve conventional models.

By Milana Vinn NEW YORK (Reuters) – Private equity firm KKR & Co Inc has agreed to buy a significant stake in FGS Global in a deal that values the financial communications group at about $1.4 billion.

By Eric Onstad LONDON (Reuters) – Sweden, South Africa and Australia are at the forefront of a push to transform piles of mine waste and by-products into rare earths vital for the green energy revolution, hoping to substantially cut dependence on Chinese supply.

By Joseph White DETROIT (Reuters) – Ford Motor Co said Tuesday that next year it will start retooling its sport utility vehicle assembly plant in Oakville, Ontario to produce electric vehicles, fulfilling a promise made to Canada’s Unifor union during contract bargaining in 2020.

By Andre Romani SAO PAULO (Reuters) – Meta Platforms on Tuesday began rolling out its payments tool to small and medium-sized firms through its WhatsApp messaging platform in Brazil, part of Meta’s strategy to use the Brazilian market as a key test space for business messaging.

By Valerie Insinna WASHINGTON (Reuters) – Boeing on Tuesday announced 130 airplane deliveries over the first quarter of 2023, inching past rival Airbus, which delivered 127 jets.

(Reuters) – Pre-owned car retailer CarMax Inc on Tuesday posted fourth-quarter profit above analysts’ estimates, helped by cost cuts implemented in the quarter that offset a hit from cooling demand.

By Hannah Lang (Reuters) – The International Monetary Fund warned on Tuesday of a “perilous combination of vulnerabilities” in financial markets, saying participants’ failing to adequately prepare for interest rate increases has led to significant uncertainty about the health of the financial system.

(Reuters) – Warren Buffett called geopolitical tensions “a consideration” in Berkshire Hathaway Inc’s decision to sell most of its stake in Taiwanese chipmaker TSMC just a few months after buying it, Nikkei reported on Tuesday.

(Reuters) – JetBlue Airways Corp will launch flights to Amsterdam as it looks to cash in on the soaring demand for transatlantic travel, the New York-based low cost carrier said on Tuesday.

(Reuters) – France’s antitrust regulator is expected to go ahead soon with an investigation into Apple Inc over complaints tied to changes that the iPhone maker made in 2021 to its app tracking policies, news website Axios reported on Tuesday.

(Reuters) – Tupperware Brand Corp’s shares recouped some lost ground to climb nearly 7% on Tuesday, a day after losing half their value as the maker of reusable plastic containers flagged doubts about its ability to continue as a going concern.

TOKYO (Reuters) – Berkshire Hathaway Inc’s Warren Buffett is considering additional investment in Japanese stocks and said he holds a 7.4% stake in five Japanese trading houses, including Itochu Corp, the Nikkei reported on Tuesday.

By James Davey LONDON (Reuters) – Sainsbury’s, Britain’s second-largest supermarket group, on Tuesday began offering lower prices on more than 300 items to the 18 million members of its Nectar loyalty scheme, rivalling a similar initiative at market leader Tesco.

By Huw Jones LONDON (Reuters) – French bank Credit Agricole has called on the European Union to address what it says is an unfair system of funding for the bloc’s banking sector safety net.

PARIS (Reuters) – French media giant Vivendi is set to commit to selling celebrity magazine Gala in a bid to win the European Commission’s approval for the acquisition of Lagardere, a source close to the matter said on Tuesday.