Judge in Twitter v. Musk made rare ruling: ordering a deal to close

Judge in Twitter v.  Musk made rare ruling: ordering a deal to close

July 15 (Reuters) – The judge overseeing Twitter Inc’s (TWTR.N) $44 billion lawsuit against Elon Musk has a no-nonsense reputation as well as the distinction of being one of the few jurists who has ever ordered a reluctant buyer to close a US corporate merger. Kathaleen McCormick took over the role of chancellor or chief … Read more

Stocks fall, dollar gains as US inflation prompts 100 bps hike bets

Stocks fall, dollar gains as US inflation prompts 100 bps hike bets

LONDON, July 14 (Reuters) – European shares dropped in early trading on Thursday and the safe-haven dollar was up after the latest red-hot US inflation reading increased investor caution about Federal Reserve rate hikes. Wednesday’s data showed US consumer prices jumped 9.1% year-on-year in June, up from May’s 8.6% rise. read more The data was … Read more

TSMC sees resilient chip sales boosting Q3; electronics demand cooling

TSMC sees resilient chip sales boosting Q3;  electronics demand cooling

The logo of Taiwan Semiconductor Manufacturing Co (TSMC) is pictured at its headquarters, in Hsinchu, Taiwan, Jan. 19, 2021. REUTERS / Ann Wang Register now for FREE unlimited access to Reuters.com Register Sees Q3 revenue up to $ 19.8 bln- $ 20.6 bln from $ 14.88 bln yoy Confident on long term chip demand Q2 … Read more

China’s exports pick up speed, but global risks darken trade outlook

China's exports pick up speed, but global risks darken trade outlook

Containers and trucks are seen following a snowfall at the port of Qingdao, Shandong province, China February 14, 2019. REUTERS / Stringer / File Photo Register now for FREE unlimited access to Reuters.com Register China June export grows at fastest pace in 5 months June import growth slows, misses f’cast Overall export outlook still faces … Read more

Asian stocks gain as investors brace for US inflation data

Asian stocks at lowest in two years, euro near par with dollar on growth fears

People pass by an electronic screen showing Japan’s Nikkei share price index inside a conference hall in Tokyo, Japan June 14, 2022. REUTERS / Issei Kato Register now for FREE unlimited access to Reuters.com Register HONG KONG / TOKYO, July 13 (Reuters) – Stocks made slight gains across Asia on Wednesday while the euro hovered … Read more

Twitter sues Elon Musk to hold him to $ 44 billion deal

Twitter sues Elon Musk to hold him to $ 44 billion deal

WILMINGTON, Del., July 12 (Reuters) – Twitter Inc (TWTR.N) sued Elon Musk on Tuesday for violating his $ 44 billion deal to buy the social media platform and asked a Delaware court to order the world’s richest person to complete the merger at the agreed $ 54.20 per Twitter share. “Musk apparently believes that he … Read more

S&P 500, Nasdaq subdued on recession fears; Boeing lifts Dow

S&P 500, Nasdaq subdued on recession fears;  Boeing lifts Dow

Inflation data, earnings reports awaited PepsiCo rises on upbeat revenue forecast Gap slides on CEO exit, outlook Boeing jumps, deliveries reach highest monthly level in 3 years Dow up 0.31%, S&P and Nasdaq up 0.09% July 12 (Reuters) – The S&P 500 and the Nasdaq struggled for direction on Tuesday as worries that Federal Reserve’s … Read more

Exclusive: France’s Pernod puts new India investments on hold, citing protracted tax fight

Exclusive: France's Pernod puts new India investments on hold, citing protracted tax fight

Pernod at odds with Indian authorities over tax matters Differences between two sides on valuation of liquor imports Pernod told PM Modi’s office disputes hitting investments French spirits firm one of the biggest liquor companies in India NEW DELHI, July 12 (Reuters) – French spirits group Pernod Ricard (PERP.PA) has put new Indian investments on … Read more

Asian stocks at lowest in two years, euro near par with dollar on growth fears

Asian stocks at lowest in two years, euro near par with dollar on growth fears

HONG KONG, July 12 (Reuters) – Asian shares fell on Tuesday, weighed down by the prospect of further monetary policy tightening by central banks, China’s renewed COVID outbreak and Europe’s energy shortage, which also left the euro a whisker from parity with the safe haven dollar. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) … Read more

Binance served crypto traders in Iran despite US sanctions, clients say

Binance served crypto traders in Iran despite US sanctions, clients say

Seven Iranians say used Binance for crypto after US reimposed Iran sanctions Weak background checks, deep liquidity drew Iranians to Binance, traders say News of Iranian trading on Binance could draw US regulatory scrutiny, lawyers say LONDON, July 11 (Reuters) – The world’s largest crypto exchange, Binance, continued to process trades by clients in Iran … Read more