HSBC shares rise as markets warm up to break-up proposal by top shareholder
Shares in HSBC Holdings gained on Tuesday after its largest shareholder, Chinese insurance giant Ping An (601318.SS), urged a break-up of the London-headquartered bank in a bid to improve returns.
Musk says he wants to boost Twitter use from ‘niche’ to most Americans
Tesla Inc (TSLA.O) Chief Executive Elon Musk said on Monday he wants to expand the reach of Twitter (TWTR.N) beyond the current “niche” until most Americans use the social media platform.
Stocks up, U.S. yields at 3% as markets ready for Fed hike
World stocks rose on Tuesday and U.S. 10-year Treasury yields held above 3% as investors prepared for the Federal Reserve’s biggest rate hike since 2000.
Brief crash hits European stocks in holiday-thinned trading
European stocks suddenly fell on Monday before partly recovering in what brokers described as a “flash crash” or an erroneous trade on a day where a holiday thinned trading activity.
Tata, India’s electric vehicle king, takes a frugal road less travelled
To make its first electric vehicle for the consumer market, India’s Tata Motors Ltd (TAMO.NS) repurposed an unused shop floor at its flagship plant. Here, there’s no fancy assembly line – Nexon SUV bodies designed for gasoline models are wired and fitted with battery packs by hand.
Dollar rises towards 20-year high, euro dips after weak data
The dollar rose back towards a 20-year high on Monday as the euro struggled around the $1.05 mark, with investors preparing for a busy week of central bank meetings including a likely Federal Reserve interest rate hike.
Explainer: Russia swerves to avoid default: what is next?
Russia may have averted default as it announced it had made several overdue payments in dollars on its overseas bonds, shifting the market’s focus to upcoming payments and whether it would stave off a historic default.
EU energy ministers hold crisis talks after Russian gas cuts
Energy ministers from European Union countries hold emergency talks on Monday, as the bloc strives for a united response to Moscow’s demand that European buyers pay for Russian gas in roubles or face their supply being cut off.
Analysis: U.S. bond investors worry deep slide will end 40-year bull market
The 40-year bull market in U.S. bonds is dead. Long live the bond bull market.
SK Innovation shares fall on bleak forecast for battery unit’s turnaround
South Korean energy group SK Innovation Co Ltd (096770.KS) warned its battery unit turnaround could take longer than past guidance indicated, taking the shine off a near-threefold jump in first-quarter profit and sending shares down as much as 5.1%.
