US FTC seeks more information on Novo Nordisk parent-Catalent deal
(Reuters) - The U.S. Federal Trade Commission has sought additional information about a $16.5 billion deal by Novo Nordisk's parent to buy manufacturing subcontractor Catalent. The deal was announced in February and Novo Nordisk Foundation has sinc...
2h ago
Cboe posts higher first-quarter profit on robust options trading
(Reuters) -Cboe Global Markets reported a rise in first-quarter profit on Friday, as strong demand for hedging products amid market volatility helped boost the exchange operator's options trading volumes. Geopolitical risks and macroeconomic uncertaint...
3h ago
Apple shares jump as record buyback, sales growth forecast lure investors
By Aditya Soni (Reuters) - Apple shares jumped nearly 6% before the bell on Friday as the iPhone maker's record stock buyback plan and promise of sales growth drew back investors who have shunned the stock on concerns over weak demand and increased...
4h ago
Analysis-Warren Buffett's PacifiCorp utility singed by wildfires
By Jonathan Stempel OMAHA, Nebraska (Reuters) - Two years ago, Warren Buffett branded Berkshire Hathaway's energy business one of his conglomerate's four "giants." Now he fears its business model may be broken. Berkshire Hathaway Energy's PacifiCor...
5h ago
Hong Kong March retail sales down 7%, snapping 15 months of growth
HONG KONG (Reuters) - Hong Kong's March retail sales fell 7% from a year earlier, partly due to a high base of comparison for visitor spending and the Easter holidays, government data showed on Friday. Sales decreased to HK$31.2 billion ($3.99 bil...
5h ago
US ends probe into Tesla Model X, S over loss of rear-view camera
(Reuters) -The U.S. National Highway Traffic Safety Administration said on Friday it has closed an engineering analysis opened to investigate the loss of rear-view cameras in about 158,716 Tesla's Model X and Model S vehicles. The safety regulator said...
5h ago
Futures rise on Apple, Amgen boost; jobs data on tap
(Reuters) - U.S. stock index futures gained on Friday, lifted by upbeat corporate updates from Apple and Amgen, while traders braced for a key jobs report for a clearer outlook on the labor market and the interest rate path. Apple jumped 5.8%, outp...
5h ago
Amgen shares jump after teasing 'encouraging' weight loss data
(Reuters) - U.S. drugmaker Amgen's shares jumped 13% to $316.26 premarket on Friday as the company teased encouraging data for its experimental obesity drug, igniting investor hopes but leaving Wall Street frustrated over a lack of details. Amgen, ...
5h ago
Toronto home sales fall for third month in April; prices rise
OTTAWA (Reuters) - Greater Toronto area home sales fell in April for a third straight month and prices crept up, as over two-decade high interest rates kept the lid on housing market recovery in Canada's main metropolitan region, data showed on Thu...
6h ago
Sony and Apollo submit $26 billion Paramount offer, WSJ reports
(Reuters) - Sony Pictures Entertainment (SPE) and Apollo Global Management have made a $26 billion cash offer for Paramount Global, the Wall Street Journal reported. The two companies submitted the non-binding offer letter on Wednesday, signed by S...
6h ago
Analysis-Apple aims to tell an AI story without AI bills
By Stephen Nellis (Reuters) - For most of the past year and a half, Apple Chief Executive Tim Cook has fielded questions from Wall Street analysts about his plans for artificial intelligence amid grumbling that the iPhone maker has no AI story to t...
6h ago
Norway keeps rates on hold, may extend tight policy
OSLO (Reuters) - Norway's central bank kept its key policy interest rate on hold at 4.50% on Friday, as unanimously expected by analysts, and said a tight monetary policy stance may be needed for somewhat longer than planned in order to curb inflat...
7h ago
German engineering orders deepen decline in March, reports VDMA
BERLIN (Reuters) - German manufacturers deepened a decline in their order books in March, but economists pointed to a high comparative base of the previous year's period and hinted at potential signs of easing, the VDMA association reported on Frid...
7h ago
Turkey inflation up near 70%, highest since 2022
ISTANBUL (Reuters) - Turkish annual consumer price inflation climbed to 69.8% in April, official data showed on Friday, a bit below expectations but the highest since late-2022 on strong rises in education, restaurants and hotels prices. Month-on-m...
8h ago
ECB's Stournaras sees just three rate cuts in 2024 on strong growth
FRANKFURT (Reuters) - The European Central Bank is "most likely" to cut interest rates just three times this year as stronger-than-expected economic growth supports inflation, ECB policymaker Yannis Stournaras said in an interview with a Greek medi...
8h ago
Holiday Inn owner IHG reports 2.6% rise in quarterly room revenue
(Reuters) - Holiday Inn owner Intercontinental Hotels Group (IHG) said on Friday its first-quarter room revenue rose 2.6%, helped by performance in Japan, Australia, Europe and the Middle East. (Reporting by Chandini Monnappa and Yadarisa Shabong ...
9h ago
Analysis-Heavy oil shortage spells higher cost for shippers, road builders
By Robert Harvey and Arathy Somasekhar LONDON/HOUSTON (Reuters) - Mexican export cuts and a rerouting of Canadian output are shrinking already limited supplies of heavy crude in the Atlantic basin, driving up refiners' costs with a likely knock-on ...
9h ago
Yen poised for best week in over a year; dollar waits on US jobs data
By Rae Wee SINGAPORE (Reuters) - The yen was headed for its best week in more than a year on Friday, helped by Tokyo's suspected intervention this week to pull the Japanese currency away from 34-year lows, which also left the dollar broadly on the ...
10h ago
North America drives Daimler Truck to core profit beat
(Reuters) - Germany's Daimler Truck AG posted first-quarter core profit of 1.21 billion euros ($1.30 billion) on Friday, beating the consensus estimate of 1.17 billion euros in a company poll, driven by a strong performance of its Trucks North Ame...
10h ago
Credit Agricole's Q1 earnings jump as investment banking beats rivals
By Mathieu Rosemain PARIS (Reuters) - Credit Agricole SA, France's second-biggest listed bank, posted a forecast-beating 55% jump in first-quarter net profit on Friday, helped by corporate and investment banking sales that outperformed rivals. Net ...
10h ago
SocGen's investment bank limits Q1 profit plunge
By Mathieu Rosemain PARIS (Reuters) - French bank Societe Generale reported a better-than-expected 22% slide in first-quarter net income on Friday, as profits on equity derivative sales offset more weakness at its retail bank and in fixed-income tr...
11h ago
Solid US job, wage growth expected in April
By Lucia Mutikani WASHINGTON (Reuters) - U.S. job growth probably slowed to a still-solid clip in April, with wages maintaining their steady rise, which would allay fears that the economy was stalling after activity pulled back considerably in the ...
11h ago
SVB Financial to sell investment platform business SVB Capital
(Reuters) - Collapsed U.S. lender SVB Financial Group said on Thursday that an entity affiliated with Pinegrove Capital Partners will acquire its investment platform business, SVB Capital. Pinegrove Capital Partners, backed by permanent capital fro...
12h ago
Global hedge funds chase Hong Kong stocks rally, UBS says
By Summer Zhen HONG KONG (Reuters) - Global hedge funds that use an equities long-short strategy are growing increasingly bullish on China, evidenced by the heavy pick-up in their purchases of Hong Kong-listed shares, UBS Group said in a note. Hong...
13h ago
Asian stocks surge on tech boost; yen extends gains to cap wild week
By Ankur Banerjee SINGAPORE (Reuters) - Asian stocks rallied on Friday after Apple's record $110 billion share buyback plan lifted the tech sector, while the yen put more distance from recent 34-year lows to cap a tumultuous week that saw suspected...
13h ago