By Scott Murdoch and Tom Westbrook (Reuters) -Gautam Adani’s conglomerate could find it harder to get funding following a U.S. arrest warrant for its billionaire founder, with some banks considering halting fresh credit to the Indian group due to an alleged $265 million bribery scheme. Some global banks are considering temporarily halting fresh credit to…
By Jonathan Cable LONDON (Reuters) -Euro zone business activity took a surprisingly sharp turn for the worse this month as the bloc’s dominant services industry contracted and manufacturing sank deeper into recession, a survey showed on Friday. HCOB’s preliminary composite euro zone Purchasing Managers’ Index, compiled by S&P Global, sank to a 10-month low of…
By Johann M Cherian and Purvi Agarwal (Reuters) -U.S. stocks were poised for a subdued start on Friday as investors awaited a business activity survey and monitored geopolitical tensions between Ukraine and Russia. The benchmark S&P 500 and blue-chip Dow closed Thursday at one-week highs, with AI bellwether Nvidia (NASDAQ:NVDA) managing modest gains after its…
By Stine Jacobsen COPENHAGEN (Reuters) -Northvolt’s CEO and co-founder Peter Carlsson stepped down on Friday, a day after Europe’s biggest hope for an electric vehicle battery champion filed for U.S. Chapter 11 bankruptcy protection. The Swedish maker of battery cells went in a matter of months this year from being Europe’s best shot in a…
Investing.com– Bitcoin steadied on Friday, remaining within spitting distance of the coveted $100,000 level as optimism over friendlier U.S. regulations and increased interest from options trading boosted the crypto. The world’s largest cryptocurrency hit a series of record highs this week, with a rally after Donald Trump’s election win showing few signs of easing. Bitcoin…
Investing.com – Shares of Halozyme Therapeutics (NASDAQ:HALO) surged 12% at $51.2 before the opening bell on Friday after the company withdrew its €2 billion ($2.10 billion) proposal to acquire German drug developer Evotec. Earlier this month, Halozyme had offered €11 per share in cash to acquire Evotec, aiming to expand its drug discovery and development portfolio….
WASHINGTON (Reuters) -The United States banned food, metal and other imports from 30 more companies over China’s alleged forced labor involving the Uyghurs, according to a government notice posted online on Friday. The new additions, covering a range of products from tomato paste and walnuts to gold and iron ore, are part of the federal…
BERLIN (Reuters) -Volkswagen labour representatives have formally voted for limited strikes in Germany from early December, their union said on Friday, after talks over wages and plant closures failed to achieve a breakthrough. The bargaining committee at VW AG – a German subsidiary of Europe’s biggest automaker – voted unanimously for the labour action, the…
FRANKFURT (Reuters) – Friday’s unexpectedly weak survey on the health of the German economy merely confirm the country’s predicament and discussion on the possible size of the next ECB interest rate cut needs to wait, Bundesbank chief Joachim Nagel said on Friday. “They are more or less confirming the overall picture that the German economy…
OTTAWA (Reuters) -Canada’s retail sales in September grew at a strong pace as consumers spent more at grocery stores and supermarkets, data showed on Friday, the first quarterly increase in sales this year. The solid pace in September which took the overall third quarter growth in retail sales to 0.9%, is likely to be followed…
