BEIJING/NEW YORK (Reuters) -Warren Buffett’s Berkshire Hathaway has trimmed its stake in China’s BYD, which surpassed Tesla last year as the world’s largest seller of electric vehicl[...]
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June 17, 2024
Chile lithium miner SQM reaches supply deal with Hyundai, Kia
SANTIAGO (Reuters) -Chilean lithium miner SQM, the world’s second-largest lithium producer, said on Monday it had reached a long-term supply deal with Hyundai and Kia to provide the carmakers wi[...]
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EU regulators to decide on Bunge and Viterra’s $34 billion deal by July 18
By Foo Yun Chee BRUSSELS (Reuters) – U.S. grains merchant Bunge and Glencore-backed Viterra’s plan to create a $34 billion agricultural trading giant will be decided by EU antitrust regula[...]
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M&A-focused hedge funds lead the pack in May, Goldman Sachs says
By Nell Mackenzie and Anousha Sakoui LONDON (Reuters) – Hedge fund managers making bets on mergers and acquisitions outperformed those deploying other strategies with a return of 7.7% in the fir[...]
Read moreJim Cramer Recommends This ‘Great Little Industrial Company’
On CNBC’s “Mad Money Lightning Round,” Jim Cramer said he still can’t recommend Twilio (NASDAQ:TWLO). On June 14, Morgan Stanley downgraded the stock from Overweight to Equal-Weight and lo[...]
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Naver’s Webtoon Entertainment aims up to $2.67 billion valuation in US IPO
(Reuters) -Online comics platform Webtoon Entertainment said on Monday it is targeting a valuation of up to $2.67 billion in its initial public offering in the United States. The company, majority-own[...]
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Adidas shares fall on investigation into China corruption allegation
(Reuters) – Adidas shares dropped 4% on Monday after the German sportswear brand said it was investigating allegations of corruption in China after receiving an anonymous letter. “Adidas t[...]
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StanChart loses bid to cut US sanctions breach claims from UK lawsuit
(Reuters) -Standard Chartered on Monday lost a bid to cut from a London lawsuit allegations that it broke U.S. sanctions against Iran in a more widespread way than it has previously admitted. More tha[...]
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Morning Bid: Buoyant US eyes French angst, China home woes
A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street stocks and bonds remained relatively buoyant after last week’s action-packed macro week with world markets drawn mo[...]
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