Morgan Stanley forced Frasers off books with $1 billion margin call, court told
By Kirstin Ridley LONDON (Reuters) -Morgan Stanley used an “unrealistic” and “inappropriate” near $1.0 billion margin call to force trades…
Category: Business
Exclusive-Brazil readies broad FX hedging program with $2 billion in derivatives for green investments
By Marcela Ayres BRASILIA (Reuters) – Brazil’s government will announce on Monday new measures to help foreigners with foreign exchange…
Reddit plans to reserve shares for its big users in IPO, WSJ reports
(Reuters) -Social media platform Reddit plans to sell a chunk of its IPO shares to its platform’s users, the Wall…
Wall St ends sharply lower as hot inflation sparks sell-off
By Johann M Cherian, Ankika Biswas and Carolina Mandl (Reuters) -Wall Street’s main indexes tumbled on Tuesday after a higher-than-expected…
Dollar slips, Fed policy path on interest rates in focus
By Herbert Lash and Stefano Rebaudo NEW YORK (Reuters) -The dollar slid against major currencies on Tuesday, a day after…
Brent, US crude futures give up some gains on talk of Gaza ceasefire
By Erwin Seba HOUSTON (Reuters) – Brent and U.S. crude futures initially climbed over $1 a barrel on Tuesday after…
Oil rises nearly 1% as traders assess worsening geopolitical situation
By Shariq Khan NEW YORK (Reuters) – Oil prices rose about a dollar a barrel on Monday on concerns that…
Tesla falls on SAP snub report, Piper Sandler price target cut
(Reuters) -Tesla shares came under pressure on Monday after a report that Germany’s SAP was no longer planning to buy…
Novo Nordisk’s parent to buy Catalent for $16.5 billion to boost Wegovy supply
By Maggie Fick and Patrick Wingrove (Reuters) -Novo Nordisk notched a win on Monday in its race to boost output…
Stellantis says no merger plans after Renault report
By Giulio Piovaccari MILAN (Reuters) -Stellantis Chairman John Elkann on Monday denied the carmaker had merger plans, responding to press…