Stocks News

By Helen Coster and Jack Queen (Reuters) – One of the most closely watched U.S. defamation cases in decades is set to begin on Thursday as a Delaware court picks a jury to decide whether Fox News should pay Dominion Voting Systems $1.6 billion for spreading

(Reuters) – Pioneer Natural Resources Co’s shares rose as much as 8.5% on Monday following a report that Exxon Mobil Corp held preliminary talks with the U.S. shale oil producer about a possible acquisition.

MADRID (Reuters) – Core inflation in the euro zone is expected to remain high throughout the remainder of this year, ECB policymaker Pablo Hernandez de Cos said on Monday, leaving the door open for further interest rate hikes.

(Reuters) – Canada’s Teck Resources on Monday doubled down on its push to reject an unsolicited $22.5 billion bid from Glencore Plc citing “fundamental flaws” in the offer and urged shareholders to instead vote for a restructuring.

By Saqib Iqbal Ahmed NEW YORK (Reuters) – Weeks after a banking crisis pummeled financial stocks, some options strategists say the heightened pessimism in the sector presents an attractive opportunity to position for a rebound ahead of earnings season.

SHANGHAI (Reuters) – China’s BYD launched on Monday a new chassis suspension system as the electric vehicle maker ramps up efforts to move upmarket with premium products.

(Reuters) – Global shipments of personal computers (PCs) fell by 29% in the first quarter of 2023 due to weak demand, excess inventory and a deteriorating macroeconomic climate, with Apple Inc taking the largest hit, market research firm IDC said.

TAIPEI (Reuters) – Taiwanese chipmaker TSMC said on Monday it is communicating with Washington about its “guidance” for a law designed to boost U.S. semiconductor manufacturing that has sparked concerns about subsidy criteria.

(Reuters) – The balancing act between slowing growth and sticky price pressures is top of the agenda ahead of U.S. inflation data and the World Bank and IMF Spring Meetings in Washington.

(Reuters) – U.S. money market funds drew inflows for a fourth straight week on worries about an economic slowdown after data pointed to slowing production and a cooling labor market.

The CPI inflation statistics might indicate that more efforts are required to combat inflation, even though it’s decreasing from its peak levels.

(Reuters) – Global money market funds continued to attract strong inflows in cautious trade in the week ended April 5 as a raft of economic data during the week signalled weakening in the U.S. manufacturing activity and a cooling in the labor market.

By Joey Roulette and Kevin Krolicki (Reuters) – As the fortunes of Richard Branson’s Virgin Orbit were crashing to Earth last month, a little-known investor called Matthew Brown appeared offering a $200 million rescue.

MILAN (Reuters) – Former Italian Prime Minister Silvio Berlusconi’s health condition is steadily improving as he is treated in hospital for a lung infection caused by chronic leukaemia, his doctors said on Monday.

A look at the day ahead in U.S. and global markets from Tom Westbrook

By Saeed Azhar and Mehnaz Yasmin NEW YORK (Reuters) – Most Wall Street banks are likely to report lower quarterly earnings and face a dour outlook for the rest of the year, with last month’s regional banking crisis and a slowing economy expected to hurt profitability.

BEIJING/SHANGHAI (Reuters) – Growth in sales of China’s passenger vehicles was flat in March from a year earlier, industry data showed on Monday, as more price cuts by auto brands and the rollout of incentives by local governments helped to support demand.

BRUSSELS (Reuters) – The European Union expressed concern on Monday over Chinese military drills around Taiwan, saying the island’s status should not be changed by force as any escalation, accident or use of force there would have huge global implications.

By Eimi Yamamitsu TOKYO (Reuters) – The bankruptcy filing by Richard Branson’s Virgin Orbit Holdings Inc has dealt a blow to Japan’s hopes of building a domestic space industry, with plans for a Kyushu-based spaceport designed to attract tourism on hold for lack of funding.

JAKARTA (Reuters) – Indonesia will propose a free trade agreement for some minerals shipped to the United States so that companies in the electric vehicle battery supply chain operating in the country can benefit from U.S. tax credits, a senior minister said on Monday.