Stocks News

ZURICH (Reuters) – Credit Suisse and UBS must freeze any job cuts planned as part of their emergency merger, the Swiss Bank Employees’ Association (SBPV) said on Monday, in an open letter to the country’s parliament.

By Medha Singh and Lisa Pauline Mattackal

TOKYO (Reuters) – SoftBank Group Corp Chief Executive Masayoshi Son will officially agree with Nasdaq this week to list British chip designer Arm Ltd, the Financial Times said on Tuesday, citing two unnamed people familiar with the situation.

(Reuters) – Blackstone Inc said on Tuesday it had raised $30.4 billion for its latest global real estate fund, as the private equity behemoth looks to double down on the industry.

By Blake Brittain (Reuters) – A U.S. appeals court handed Moderna Inc a win on Tuesday, affirming a decision to cancel an Arbutus Biopharma Corp patent related to the companies’ legal fight over Moderna’s blockbuster COVID-19 vaccines.

By Rajesh Kumar Singh CHICAGO (Reuters) – Major U.S. airlines are expected to reiterate the strength of travel demand when earnings season gets underway later this week.

By Aditya Kalra NEW DELHI (Reuters) – A group of Indian startups has asked a court to suspend Alphabet Inc Google’s new in-app billing fee system until the country’s antitrust body investigates the U.S. firm for alleged non-compliance with its directives, a legal filing showed.

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.