Sony shares tumble on weaker-than-expected annual outlook
(Reuters) – Sony (NYSE:SONY) Group Corp’s shares fell as much as 4.8% on Monday after the Japanese electronics and entertainment conglomerate’s annual…
XAU/USD: Gold Prices Firm After US Economic Growth Slows Down to 1.1%
The American economy flagged its first big recession signal as it expanded way below estimates in the first quarter. Gold…
Oil drops as US rate hike concern, weak China data offset OPEC+ cuts
(Reuters) -Oil fell on Monday as concern over the economic impact of the U.S. Federal Reserve potentially raising interest rates…
Italy to unveil May Day labour package amid union criticism
(Reuters) – Italy’s right-wing government was set to unveil measures to boost jobs and workers’ pay on Monday, amid hostile…
Dollar edges higher, with all eyes on the Federal Reserve
The U.S. dollar edged higher in early holiday-impacted European trade Monday, at the start of a week that includes policy-setting…
JP Morgan to buy First Republic’s assets and assume deposits
(Reuters) -United States regulators said on Monday First Republic Bank (NYSE:FRC) has been seized and a deal agreed to sell the bank…
Toyota-affiliate Daihatsu rigged safety test for 88,000 cars
(Reuters) – Toyota Motor (NYSE:TM) Corp affiliate Daihatsu rigged part of the door in side-collision safety tests carried out for some 88,000…
Chevron first quarter profit beats estimates amid strong refining performance
Chevron (NYSE:CVX) has reported higher-than-expected earnings in the first quarter, as stronger performance in the U.S. oil major’s refining operations helped it overcome a…
STMicroelectronics, GlobalFoundries win EU approval for French chip factory
(Reuters) – Chipmakers STMicroelectronics and GlobalFoundries secured EU approval on Friday to build a chip factory with French state aid…
NatWest deposit outflows tarnish jump in profit
(Reuters) -British bank NatWest reported a 20 billion pound fall in deposits in the first quarter amid a fiercely competitive…