Monday, 17 Jun 2024

Business

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Wall Street muted as growth worries weigh; trade talks in focus

(Reuters) – U.S. stocks swung between gains and losses on Thursday, as optimism fueled by progress in U.S.-China trade talks was overshadowed by fears of an economic slowdown after a cut in fourth-quarter GDP growth. Data on Thursday showed domestic economy slowed more than initially thought in the fourth quarter, keeping growth in 2018 below […]

VW, Ford to develop pickup truck, continue talks on autonomous driving

HANOVER (Reuters) – Volkswagen has signed a deal to develop a pickup truck with U.S. rival Ford and continues discussions about extending its alliance to include autonomous driving and mobility services, the German carmaker said on Thursday. In June, VW and Ford said they were in talks to develop a range of commercial vehicles, later […]

Bond yields spiral lower amid global growth gloom

SYDNEY (Reuters) – Asian share markets were painted red on Thursday as recession concerns sent bond yields spiraling lower across the globe, overshadowing central bank attempts to calm frayed nerves. Sterling was also hit by another bout of Brexit blues after a round of votes in the U.K. parliament failed to produce any plan to […]

Lyft raises IPO price target as investor fret over missing out

(Reuters) – Lyft Inc on Wednesday raised the price range for its initial public offering, as investors looked past the ride-hailing startup’s mounting losses to the company’s growing market share against larger rival Uber Technologies Inc. Lyft raised its IPO price range to between $70 and $72 per share, meaning the ride-hailing company is now […]

Lyft raises price target as investors fear missing out on biggest IPO in years

(Reuters) – Lyft Inc (LYFT.O) on Wednesday raised the price range for its initial public offering to between $70 and $72 per share, meaning the ride-hailing company is now targeting a valuation of up to $24.3 billion. The increased range from $62-$68 previously is the result of the IPO being oversubscribed and is a further […]

Swedish crime unit widens Swedbank inquiry to include suspected fraud

STOCKHOLM (Reuters) – Sweden’s Economic Crime Authority said on Wednesday it had widened its ongoing probe into Swedbank to include suspected aggravated fraud after raiding the bank’s head office. “All in all the information paints a picture of Swedbank appearing to have spread misleading information to the public and the market about what the bank […]

Swedish crime unit widens Swedbank inquiry to include suspected fraud

STOCKHOLM (Reuters) – Sweden’s Economic Crime Authority said on Wednesday it had widened its ongoing probe into Swedbank to include suspected aggravated fraud after raiding the bank’s head office. “All in all the information paints a picture of Swedbank appearing to have spread misleading information to the public and the market about what the bank […]