(Reuters) – Meta Platforms will add former Republican official Dina Powell McCormick and fintech firm Stripe’s CEO Patrick Collison to its board, effective April 15, the social media company said on Friday. The Facebook parent said in a regulatory filing that it is increasing the size of its board to 15 members. Powell McCormick, who...
By Ankur Banerjee SINGAPORE (Reuters) – Global stocks slumped and the dollar sank further on Friday, while a manic bond selloff took hold in a brutal end to the week of tit-for-tat worldwide tariffs that have fed fears of a deep recession and shaken investor confidence in U.S. assets. The anxiety has sparked a rush...
(Reuters) – Tesla on Thursday said it has launched a new version of Cybertruck in the United States, priced at $69,990. The new Cybertruck long-range variant is the cheapest among the three models it currently has in the U.S., Tesla’s website shows. (Reporting by Nilutpal Timsina in Bengaluru; Editing by Mrigank Dhaniwala) ,,,
BEIJING (Reuters) -China, Japan and South Korea finance and central bank officials met and discussed the impact of U.S. tariffs on the global and regional macroeconomic situation, China’s central bank said on Friday. The People’s Bank of China Deputy Governor Xuan Changneng was at the regular ASEAN and China, Japan and South Korea finance and...
(Reuters) – Oil prices fell on Friday and were set to drop for a second week on concerns prolonged trade war between the United States and China, the world’s largest economies, will crush crude consumption as their dispute curtails economic growth. Brent futures fell 31 cents, 0.5%, to $63.02 a barrel by 0153 GMT, while...
By Miho Uranaka and Sam Nussey TOKYO (Reuters) – Warren Buffett’s Berkshire Hathaway has priced a 6-tranche yen denominated bond totalling 90 billion yen ($626.70 million), according to a term sheet reviewed by Reuters. The sale comes as debt deals are being shelved because of the fallout from U.S President Donald Trump’s tariffs, which investors...
HANOI (Reuters) – Vietnamese budget carrier Vietjet said on Thursday it has signed an agreement worth $300 million with AV AirFinance, a partner of investment fund KKR, to fund the expansion of its fleet. Thursday’s announcement confirmed a Reuters report last week on the finance deal done between Vietjet and AV AirFinance during a visit...
By Svea Herbst-Bayliss NEW YORK (Reuters) – Billionaire investor Bill Ackman’s Pershing Square Holdings portfolio has lost nearly 14% so far this year, the firm told investors on Wednesday. The losses, through April 8, do not include gains seen on Wednesday, when markets surged after U.S. President Donald Trump paused most tariffs for 90 days....
SYDNEY (Reuters) – China’s battery giant CATL’s Hong Kong listing to raise at least $5 billion is due to be approved by the city’s stock exchange on Thursday, according to two sources with direct knowledge of the matter. The sources could not be named discussing confidential information. CATL did not immediately respond to a request...
By Liz Lee, Andrea Shalal and Susan Heavey BEIJING/WASHINGTON (Reuters) -U.S. President Donald Trump’s stunning decision to pause the hefty duties he had just imposed on dozens of countries sent battered global stock markets surging on Thursday even as he ratcheted up a trade war with the world’s No. 2 economy China. Trump’s turnabout on...
