NEW YORK (Reuters) – U.S. stocks ended the final trading day of the first quarter on a strong note on Friday and the S&P 500 posted its best quarterly gain since 2009, boosted by optimism over the latest round of trade talks between the United States and China. The two sides said they made progress […]

(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. 1/ YIELD CURVEBALLS Which is it – growth or gloom? With 10-year U.S. bond yields below 3-month T-bill rates for the first time in more than a decade, recession […]

CHICAGO (Reuters) – Stephen Wang is counting the costs of President Donald Trump’s trade war. He had to put down 12 times more cash as a guarantee to U.S. customs that he would pay the bill for tariffs on the Chinese-made pumps, valves and motors he imports. The cost of the guarantee – a U.S. […]

NEW YORK (Reuters) – Activist hedge fund Starboard Value LP on Friday abandoned a campaign to convince Bristol-Myers Squibb Co shareholders to vote down the drugmaker’s proposed $74 billion takeover of biotech Celgene Corp after the two leading proxy advisory firms backed the deal. The firms, Institutional Shareholder Services (ISS) and Glass Lewis, said earlier […]

LONDON (Reuters) – Global shares rose on Friday amid optimism over trade talks between the United States and China and were headed for their best quarterly performance since 2012, while bond yields rose after worries about growth led to a prolonged decline. The pan-European STOXX 600 index rose half a percent. France’s CAC 40 index […]

(Reuters) – Oreo cookies maker Mondelez International Inc is in advanced talks to buy international brands being sold by U.S. food company Campbell Soup Co, Bloomberg reported late on Thursday. Mondelez is negotiating final terms of a purchase of the business, which includes Australian cookie brand Arnott’s and Danish baked snacks maker Kelsen Group, the […]

California has positioned itself as a leader in the fight against climate change. It leads the nation by far in solar power. And it is working to reduce carbon emissions throughout the energy sector, with a goal of making the electricity grid carbon-free within a generation. But its clean-energy goals are colliding with a Texas […]

SEOUL (Reuters) – A South Korean supplier of Tesla Inc said on Friday it had agreed to buy a shuttered auto factory from General Motors’ local unit to start contract manufacturing of electric vehicles. The deal comes after GM closed one of its four South Korean plants in late May and let go thousands of […]

Highly-tipped 3D-printer firm Mcor Technologies has had a receiver appointed and is now up for sale. The receiver, David Van Dessel of Deloitte, was appointed by Kreos Capital which had loaned the business money. “I will be working with the directors and the Charge holders to sell the business and assets as a going concern […]

Dermot Smurfit Jr’s Gan is undertaking a review of various “strategic alternatives” open to it, in order to maximize value for shareholders. These alternatives include the potential sale of the group, as well as the possibility of seeking an investor to acquire a non-controlling stake in the gambling software company. In a statement Gan also […]