Amazon.com closes deal to buy MGM movie studio
Amazon.com Inc on Thursday said it had closed its $8.5 billion deal to buy MGM, combining the fabled moviemaker behind “Rocky” and James Bond with the online retailing giant as it looks to draw consumers through more streaming video.
Morning Bid: “What a mess”
Global markets surged overnight as traders hailed China’s pledge to support its economy, chased an elusive breakthrough for a ceasefire in Ukraine and saluted a hawkish interest rate lift-off by the U.S. Federal Reserve.
War, inflation and oil cap stocks rebound as yields warn
Global stocks clung to their gains for the week on Friday but a heady cocktail of rising interest rates, high oil prices and no end to war in Ukraine kept a lid on the rebound as yields sent a warning signal for the economy.
EXCLUSIVE Boeing in talks for landmark Delta MAX order
Boeing Co (BA.N) is edging towards a landmark order from Delta Air Lines (DAL.N) for up to 100 of its 737 MAX 10 jets, a model it is battling in separate talks to get approved before year-end rule changes, people familiar with the matter said.
Japan parts makers halt output after quake, another blow to supply chain
Japan’s Renesas Electronics Corp, Murata Manufacturing Co Ltd, Sony Group Corp and other precision parts makers halted some operations on Thursday after an earthquake jolted the country’s northeast, the latest blow to the global supply chain.
Analysis: Investors see risks spiking, fear market-wide liquidity crunch
Wild swings in asset prices following Russia’s invasion of Ukraine are prompting some investors to pare risk in their portfolios, fearing that the type of volatility seen in commodities in recent weeks could hit other markets.
Bank of England raises rates to 0.75%, less sure about future moves
The Bank of England raised interest rates on Thursday for a third meeting running, as expected, but softened its language on the need for further increases from here.
Oil surges amid warnings of supply shortages
Oil prices climbed 6% on Thursday after the International Energy Agency (IEA) said three million barrels a day (bpd) of Russian oil and products could be shut in from next month and despite the U.S. Federal Reserve’s decision to raise interest rates.
Exclusive: Moscow sets out new controls on foreigners trading Russia assets
Russia has set out strict rules for foreigners seeking permits to buy and sell Russian securities and real estate, a client memo by Citigroup (C.N) showed, as details emerge of new state controls on investment in response to Western sanctions.
NASA’s big, new moon rocket set for debut in the rollout to Florida launchpad
CAPE CANAVERAL, Fla., March 17 (Reuters) – NASA’s next-generation moon rocket was due on Thursday to make a highly anticipated, slow-motion journey from an assembly plant to its launch pad in Florida for a final round of tests in the coming weeks that will determine how soon the spacecraft can fly. Rollout of the towering […]
