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Dollar skids after soft U.S. economic data; impact of OPEC+ cuts fades
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Finland will join NATO on Tuesday – Stoltenberg
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Explainer-Oil price surge changes ECB narrative only at the margins
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Finnish centre-right eyes coalition talks as defeated Marin considers future
HSBC board recommends shareholders vote against spin-off resolution
Date: April 3, 2023
HONG KONG (Reuters) – HSBC Holdings Plc’s board is unanimous in recommending that shareholders vote against proposals to restructure the bank and pay fixed dividends, its chairman, Mark Tucker, told Hong Kong shareholders on Monday. The comment came as Ken Lui, an individual HSBC shareholder and leader of a Hong Kong-based investor group, called for...
German regulator hands EY 2-year audit ban over Wirecard scandal – Handelsblatt
Date: April 3, 2023
BERLIN (Reuters) – German accounting watchdog APAS has banned EY from taking on new audits for companies of public interest for two years and handed the firm a 500,000 euro ($541,650.00) fine, German business daily Handelsblatt reported on Monday. APAS declined to comment on the matter. The regulator is expected to release a statement on...
Mitsubishi UFJ to postpone AT1 bond issuance in Credit Suisse fallout
Date: April 3, 2023
TOKYO (Reuters) – Mitsubishi UFJ Financial Group Inc <8306.T> has postponed the issuance of Additional Tier-1 (AT1) debt, a spokesperson said on Monday, making the bank one of the first to do so after Credit Suisse AT1 holders lost some $17 billion. Mitsubishi UFJ decided on the postponement taking into account investor appetite and market...
Global factory activity weakens as demand falters
Date: April 3, 2023
By Jonathan Cable and Leika Kihara LONDON/TOKYO (Reuters) – Global factory activity weakened in March as consumers feeling the pinch from rising living costs cut back, surveys showed on Monday, suggesting a deteriorating outlook will remain a drag on economic recoveries and keep policymakers on their toes. Although factories across the euro zone saw a...
‘Extraordinary rollercoaster’, Good Friday talks remembered 25 years on
Date: April 3, 2023
By Padraic Halpin and Amanda Ferguson BELFAST (Reuters) – On April 7, 1998, the head of Northern Ireland’s largest unionist party drafted a letter to the British prime minister announcing that he was leaving talks and that the latest attempt to end three decades of bloodshed in Northern Ireland was over. Three days later one...
Tesla posts record quarterly deliveries after price cuts, up 4% from Q4
Date: April 3, 2023
By Akash Sriram and Hyunjoo Jin (Reuters) – Tesla Inc on Sunday posted record quarterly vehicle deliveries, but quarter-on-quarter sales growth was modest despite price cuts as rising competition and a bleak economic outlook weighed. Tesla delivered 422,875 vehicles for the first three months of this year, up 4% from the previous quarter. This was...