Stocks News

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever.

SHANGHAI (Reuters) – Tesla Inc will build a gigafactory in Shanghai to make the Megapack energy storage product, Chinese state media outlet Xinhua reported on Sunday.

Markets brace for a week of key events, including US inflation data and updates on global economic growth.

By Divya Rajagopal TORONTO (Reuters) – Canada’s move to expand the investment tax credit for mining companies to align it with policies in the United States is accelerating funding talks for critical miners, company executives told Reuters.

TAIPEI (Reuters) – Foxconn is planning to invest T$25 billion ($820 million) in the next three years in new manufacturing facilities in southern Taiwan to support its electric vehicle (EV) ambitions, the company said on Sunday.

(Reuters) – Florida Governor Ron DeSantis ramped up his fight against Walt Disney Co, seeking to void an agreement that Disney passed to limit the power of a board appointed by DeSantis to oversee its Florida theme park property.

ZURICH (Reuters) – UBS’s multi-billion state-sponsored takeover of Credit Suisse should proceed smoothly without political obstructions, Swiss Finance Minister Karin Keller-Sutter said in an interview published on Saturday.

ZURICH (Reuters) – Austria’s government is monitoring the global banking turmoil although there are so far no signs of it spreading to the country’s financial sector, Finance Minister Magnus Brunner said in an interview published on Saturday.

KUALA LUMPUR (Reuters) – Malaysia said on Saturday it was firmly committed to protecting its sovereign rights and interests in the South China Sea after China expressed concern about Malaysian energy projects in a part of the sea that China also claims.

BOGOTA (Reuters) – Protesters in Colombia’s northern La Guajira province have lifted a four-day blockade of a rail line and the entrance to an export terminal used by coal miner Cerrejon, the company said on Friday.

(Reuters) – First Republic Bank said in a regulatory filing on Friday that it will suspend payments of quarterly cash dividends on its preferred stock “as a measure of prudent oversight.”

By Dan Burns (Reuters) – Deposits at U.S. commercial banks rose near the end of March for the first time in about a month, showing signs of stabilizing after the two largest bank failures since the financial crisis rocked the banking system and rattled depositors.

By David Shepardson WASHINGTON (Reuters) – U.S. safety authorities said on Friday they are investigating whether an advanced driver assistance system was in use when a Tesla struck a 17-year-old student that exited a school bus in North Carolina.

By Stephen Nellis (Reuters) – Artificial intelligence chips from Qualcomm Inc beat Nvidia Corp in two out of three measures of power efficiency in a new set of test data published on Wednesday, while a Taiwanese startup bested both in one category.

(Reuters) – WeWork Inc. on Friday said it has adopted a “poison pill” to limit its shareholders from increasing stakes, which would make it difficult for the company to use its net operating loss (NOL) carryforwards to reduce tax.

By Daniel Wiessner (Reuters) – A former model has filed a lawsuit claiming a one-time executive at movie studio Miramax raped her after luring her to a hotel with the promise of a meeting with the company’s then-Chief Executive Harvey Weinstein.

MILAN (Reuters) – Former Italian Prime Minister Silvio Berlusconi spent a second night calmly in the intensive care unit of Milan’s San Raffaele hospital and is reacting positively to treatment, Foreign Minister Antonio Tajani said on Friday.

WASHINGTON (Reuters) – Tesla is recalling just over 400 Model 3 vehicles in the United States because front suspension lateral link fasteners may loosen.

WASHINGTON (Reuters) – General Motors’ self-driving unit Cruise is recalling the automated driving software in 300 vehicles after a March 23 collision with a San Francisco bus.

By Lewis Krauskopf NEW YORK (Reuters) – A closely watched U.S. inflation report next week could help settle one of Wall Street’s most pressing questions: whether the market has correctly pegged the near-term trajectory for interest rates.