STX

Dollar nears 3-mth low, shares climb after Fed tests the brakes

LONDON, Nov 24 (Reuters) – Shares hit a two-month high and the dollar swooped towards a three-month low on Thursday, after Federal Reserve signals of smaller interest rate rises from next month were followed by the message from Frankfurt that the ECB will plough on. With Wall Street shut for Thanksgiving, it was up to …

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FTC likely to file argument to block Microsoft’s $69 bln bid for Activision – Politico

Nov 23 (Reuters) – The US Federal Trade Commission (FTC) is likely to file an antitrust argument to block Microsoft Corp’s (MSFT.O) $69 billion takeover bid for video game publisher Activision Blizzard Inc (ATVI.O), Politico reported on wednesday A challenging the deal is not guaranteed, and the FTC’s four commissioners have yet to vote out …

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Investors batten down ahead of Fed minutes, Eurozone recession fears grow

Fed minutes awaited US Thanksgiving public holiday on Thursday Stock eke out slim gains globally Eurozone economic data points to recession China hit by rising COVID-19 infections LONDON, Nov 23 (Reuters) – Global shares were little changed on Wednesday as investors kept their eyes peeled for the minutes of a Federal Reserve meeting that could …

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Buffett’s Berkshire boosts stakes in Japan’s five biggest trading houses

TOKYO, Nov 21 (Reuters) – Berkshire Hathaway Inc (BRKa.N), run by billionaire Warren Buffett, has raised its stakes in each of Japan’s five biggest trading houses by at least 1 percentage point to more than 6%, regulatory filings showed on Monday, sending shares higher. The move is line with Berkshire’s statement in 2020 that its …

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Asia shares, oil prices skid on China COVID outbreaks

https://tmsnrt.rs/2zpUAr4 China stocks skid as Beijing coronavirus cases rise Dollar, bonds shade firmer before Fed minutes Oil prices fall again after losing 10% last week SYDNEY, Nov 21 (Reuters) – Asian share markets and oil prices slipped on Monday as investors fretted about the economic fallout from fresh COVID-19 restrictions in China, with resulting risk …

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Tesla recalls 321,000 US vehicles over rear light issue

WASHINGTON, Nov 19 (Reuters) – Tesla is recalling more than 321,000 vehicles in the United States because tail lights may intermittently fail to illuminate, the company said in a filing made public Saturday. The news follows the company’s recall on Friday of nearly 30,000 Model X cars in the United States over an issue that …

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Provention prices diabetes drug above analysts’ estimates at $13,850/vial

Nov 18 (Reuters) – Provention Bio Inc (PRVB.O) has priced its diabetes drug teplizumab at $13,850 a vial, it said on Friday, a day after receiving US approval and far higher than some analysts’ expectations. The company’s shares reversed course from premarket gains to trade down nearly 12% as the high pricing stoked fears over …

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