Archive for Tag: market news

Oil falls amid dollar strength; demand picture still bullish

Brent Crude was trading 1.15% down at  $72.25. Oil prices fell for a second straight session on Friday as the U.S. dollar soared on the prospect of interest rate hikes in the United States, but they were on track to finish the week little changed and only slightly off...

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AstraZeneca Stock Price

UK competition regulator looking into $39 billion AstraZeneca-Alexion deal

AstraZeneca (NASDAQ:AZN) is trading down 0.26% at 8129.00 Britain’s competition regulator is reviewing AstraZeneca (NASDAQ:AZN)’s $39 billion buyout of U.S.-based Alexion (NASDAQ:ALXN) on concerns it could reduce competition in the UK market or elsewhere. The UK’s Competition and Markets Authority (CMA) said on Tuesday it was inviting comments from...

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Nissan Motor Co

With electrification, Nissan’s Gupta sees new spark for Renault tie-up

Nissan Motor Co is trading up 0.89% at 532.80 Nissan (OTC:NSANY) Motor Cowill standardise and share electric-vehicle components with alliance partner Renault SA (OTC:RNLSY), the Japanese automaker’s chief operating officer (COO) said, describing electrification as the partnership’s new lynchpin. The Franco-Japanese alliance, which also includes junior member Mitsubishi Motors...

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Apple’s Tim Cook to defend App Store at trial with Fortnite maker

Apple Inc (NASDAQ:AAPL) UP 2.10% AT 127.31 Apple Inc (NASDAQ:AAPL) Chief Executive Tim Cook on Friday will take the witness stand to defend the App Store, a booming part of the iPhone maker’s business that “Fortnite” maker Epic Games says is a monopoly that Apple abuses. Cook is expected...

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Toyota Motor powers to record high with cyclical shares back in demand

Toyota Motor (NYSE:TM) UP 1.98% AT 8819 Shares of Toyota Motor (NYSE:TM) touched a record high on Tuesday as investors flocked back to automakers and other relatively cheap cyclical stocks while ditching tech companies that shone earlier in the pandemic. Toyota’s shares rose as much as 2.6% to 8,869...

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AXA

Axa division in Asia hit by ransomware cyber attack

AXA UP 0.40% AT 22.74 French insurer Axa said on Sunday that one of its businesses in Asia was hit by a ransomware attack, adding that it was investigating after some data processed in Thailand was accessed. The group said the cyber-attack had targeted its Asia Assistance division, impacting...

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General Motors Co

Mexico union was losing scrapped GM worker vote

General Motors Co (NYSE:GM) DOWN 3.53% AT 53.76 General Motors Co (NYSE:GM)workers in Mexico were on track to defeat one of the country’s biggest unions in a contract vote last month that has prompted U.S. action under the countries’ trade deal, a Mexican government report shows. The Biden administration...

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Boeing

The U.S. state with the most detailed corporate diversity disclosures

Boeing (NYSE:BA) Co DOWN 1.08% AT 232.93 Aerospace company Boeing (NYSE:BA) Cowas explicit, naming who among its dozen directors were women, Asian and African American. Agricultural giant Archer Daniels Midland (NYSE:ADM) Co offered a more general accounting, saying its board was 55% diverse. Illinois officials have seen the range...

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Barclays

Activist Bramson abandons tussle with Barclays, selling stake

Barclays (LON:BARC) DOWN 1.31% AT 318.36 Activist investor Edward Bramson has sold his firm’s 6% stake in Barclays (LON:BARC), disbanding a three-year effort to overhaul the British bank and ending a stand-off with chief executive Jes Staley. Bramson’s fund, Sherborne Investors, had pressured Staley since 2018 to scale back...

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