BOSTON (Reuters) – Prominent hedge funds, including Point72 Asset Management and Bridgewater Associates, invested in Twitter during the first quarter, putting them on course to reap big gains early in the second quarter when billionaire Elon Musk unveiled plans to…
Read MoreExclusive-ECB's Lagarde gives national central bank chiefs louder voice on policy
FRANKFURT (Reuters) – European Central Bank President Christine Lagarde has given national central bank chiefs a bigger say in policy meetings, asking her own board to speak less and set aside more time for debate, sources familiar with the process…
Read MoreAnalysis-Aircraft leasing faces shake-up as risks cloud recovery
PARIS (Reuters) – Global aircraft leasing faces a new shake-up this week after SMBC Aviation Capital’s deal to buy smaller rival Goshawk Aviation for $6.7 billion.FILE PHOTO: An Airbus A321 is being assembled in the final assembly line hangar at…
Read MoreShares recover even as inflation fears linger
LONDON/HONG KONG (Reuters) – Asian shares led a global rally on Tuesday on optimism about an easing of China’s crackdowns on tech and COVID-19, but concerns about rising prices worldwide set a nervy tone in markets as investors wait for…
Read MoreSaudi Aramco net profit soars 82% in Q1 on high oil prices
FILE PHOTO: Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File PhotoDUBAI (Reuters) – State-owned oil producer Saudi Aramco on Sunday reported an almost 82% rise in first-quarter net income, broadly…
Read MoreMark Lister: Which stocks will hold up best in a recession?
There has been increasing talk of recessionary risks in recent weeks, with at least one global bank formally predicting a US recession in 2023. That’s certainly possible, although a lot can change in the space of a year and nobody…
Read MoreBroken bitcoin: Kiwi exchange bracing for ‘sustained crypto winter’ after crash
The head of one of New Zealand’s cyptocurrency exchanges says it is preparing for “sustained crypto winter” after more than US$300 billion was wiped out by the crash in prices since Monday. Bitcoin – the most well-known of the digital…
Read MoreMusk puts on hold $44-billion deal for Twitter, shares slump
(Reuters) -Elon Musk on Friday put his $44-billion deal for Twitter Inc temporarily on hold, citing pending details in support of calculation that spam and fake accounts indeed represent less than 5% of users.FILE PHOTO: Elon Musk’s Twitter profile is…
Read MoreBusiness Hub: Auckland Crown Solicitor Brian Dickey – led firm in new direction
Three years ago, he helped to jail British backpacker Grace Millane’s killer, rising at 4.30am on the day he delivered his closing address to the jury. Brian Dickey (Ngāti Māhanga) recalls: “I didn’t sleep that well. My wife was away…
Read MoreIndia consumer price inflation hits eight-year high on food, energy costs
NEW DELHI (Reuters) – Rising food and energy prices pushed India’s annual retail inflation up towards an eight-year high in April, strengthening economists’ view that the central bank would have to raise interest rates more aggressively to curb prices.FILE PHOTO:…
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