By Lisa Pauline Mattackal and Medha Singh (Reuters) -Cryptocurrency ether is struggling to keep pace with soaring big brother bitcoin. The no. 2 cryptocurrency, which commands less than a fifth of the[...]
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April 3, 2024
Clariant completes $810 million acquisition of Lucas Meyer Cosmetics
(Reuters) – Clariant completed the $810 million acquisition of Canada’s ingredients and cosmetics maker Lucas Meyer Cosmetics from International Flavors & Fragrances, the Swiss special[...]
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Morning Bid: Markets brace for supply chain aftershock
A look at the day ahead in European and global markets from Tom Westbrook The strongest quake to hit Taiwan in at least 25 years has also hit a pressure point in the global supply chain. The island ac[...]
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Chinese smartphone maker Xiaomi starts delivering the first of more than 100,000 EVs ordered
By Sarah Wu Beijing (Reuters) -Chinese smartphone maker Xiaomi on Wednesday said it has received more than 100,000 orders for its first car – a sporty electric vehicle called the SU7 – as[...]
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US senator urges Biden to review alleged Nippon Steel ties to China
By David Shepardson and Yuka Obayashi WASHINGTON/TOKYO (Reuters) -The head of the U.S. Senate Banking Committee on Tuesday urged the White House to scrutinize the relationship between Nippon Steel and[...]
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Cyber board says Chinese hack of US officials was ‘preventable’
(Reuters) -The U.S. Cyber Safety Review Board said on Tuesday a targeted Chinese hack of top government officials’ emails last year was “preventable”, faulting technology giant Micro[...]
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Mercedes workers in Alabama to file for union vote this week, UAW leader says
By Nora Eckert DETROIT (Reuters) -Factory workers at Mercedes Benz’s assembly plant in Alabama are moving forward with efforts to join the United Auto Workers (UAW), and they plan to file a peti[...]
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China’s services activity growth speeds up in March, Caixin PMI shows
BEIJING (Reuters) – China’s services activity growth accelerated in March as new business rose at the quickest pace in three months, a private-sector survey showed on Wednesday, a sign sen[...]
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Stocks fall, yields climb as rate cut outlook takes a hit
By Herbert Lash and Caroline Valetkevitch NEW YORK (Reuters) -The three major U.S. stock indexes fell about 1% on Tuesday and the yield on benchmark 10-year Treasuries hit a four-month high after data[...]
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