Expanding missile threats and airspace closures are straining airlines
A drone view shows emergency specialists working at the crash site of an Azerbaijan Airlines passenger plane near the city of Aktau, Kazakhstan December 25, 2024. REUTERS The IATA logo is displayed during the annual International Air Transport Association (IATA) meeting in New Delhi, India, June 2, 2025. REUTERS NEW DELHI, June 4 […]
Toyota Industries sinks after parent’s takeover bid misses expectations
A Toyota Logo is seen at a Toyota dealership in Zaventem, Belgium, November 25, 2022. REUTERS A Toyota logo is seen at the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024. REUTERS TOKYO, June 4 (Reuters) – Shares of Toyota Industries (6201.T), fell more than 12% on […]
Wells Fargo escapes Fed’s asset cap after seven years, able to pursue growth
A man walks from a branch of Wells Fargo bank in the University District of Seattle, Washington, U.S. December 6, 2024. REUTERS WASHINGTON, (Reuters) – Wells Fargo (WFC.N), was released from a punitive, seven-year-long $1.95 trillion cap on its assets on Tuesday after the U.S. Federal Reserve lifted the regulatory measure, allowing the bank […]
Coinbase breach linked to customer data leak in India, sources say
A representation of the cryptocurrency is seen in front of the Coinbase logo in this illustration taken on March 4, 2022. REUTERS WASHINGTON (Reuters) – Cryptocurrency exchange Coinbase knew as far back as January about a customer data leak at an outsourcing company connected to a larger breach estimated to cost up to $400 million, […]
Deutsche Bank lifts S&P 500 year-end target amid Wall Street upgrade wave
The logo of Deutsche Bank is seen on the roof of a building outside a Deutsche Bank branch office in Malaga, Spain, April 24, 2024. REUTERS June 3 (Reuters) – Deutsche Bank has raised its year-end target for the S&P 500 to 6,550 from 6,150, citing lower tariff-related earnings drag and a resilient economy, in […]
Keysight to divest Spirent units to VIAVI as part of US consent agreement
June 3 (Reuters) – Electronic equipment maker Keysight Technologies on Tuesday said it will divest Spirent Communications’ (SPT.L), high-speed ethernet and other business lines to VIAVI Solutions (VIAV.O), opens new tab as part of a consent agreement with the U.S. Department of Justice. On Monday, the DOJ required Keysight to divest three of Spirent’s businesses, including high-speed ethernet, network security, and […]
KKR drops out of Thames Water rescue deal
A Thames Water logo is seen on a sign in London, Britain, February 17, 2025. REUTERS LONDON, June 3 (Reuters) – Thames Water said U.S. private equity firm KKR (KKR.N), had pulled out from a multi-billion pound rescue plan, reigniting fears that Britain’s biggest supplier will need to be nationalised to avoid financial collapse. The […]
Japanese equity funds log sharpest weekly outflows since 2007
A woman walks past an electronic screen displaying stock quotation board in Tokyo, Japan April 15, 2025. REUTERS June 3 (Reuters) – Japanese equity funds logged their largest weekly outflows in nearly 18 years in the week to May 28, as investors either booked profits following a rally fueled by the then-easing U.S.-China trade tensions or turned […]
Global oil refiners see short-term boost from higher margins
A general view shows a local oil refinery during sunset in Omsk, Russia March 16, 2022. REUTERS LONDON, (Reuters) – Refiners across the globe are reaping unexpected profits from producing key fuels in recent weeks, offering an ailing sector respite before an anticipated weakening later this year, as plant closures have tightened fuel supply needed […]
Financials, IT weigh on Indian shares; Adani stocks slip on report of US probe
People walk outside the National Stock Exchange (NSE) in Mumbai, India, October 22, 2024. REUTERS June 3 (Reuters) – Indian shares fell on Tuesday, weighed by financials and IT stocks, while Adani group shares slipped after the Wall Street Journal reported U.S. was probing whether the conglomerate had imported Iranian LPG into India. The Nifty […]