Beyond Meat set to slip below IPO price as surging costs raise cash doubts
(Reuters) – Shares of Beyond Meat slumped 28% and were on track to open below their initial public offering price for the first time on Thursday as investors fretted over the vegan meat makers rising costs to battle increased competition.
Exclusive-Tycoon close to outgoing Philippines president considering sales of big assets – sources
MANILA (Reuters) – A tycoon and close associate of outgoing Philippines President Rodrigo Duterte is considering selling businesses collectively worth several billion dollars, including a South China Sea gas field and a commercial land lease firm at the site of a former U.S. military base, two
Peru community wants its land back, threatening Chinese copper mine
By Marcelo Rochabrun LAS BAMBAS, Peru (Reuters) – The community of Fuerabamba in the Andean region of Peru was resettled eight years ago to make way for a giant Chinese-owned copper mine, in a $1.2 billion scheme billed as a model solution to protests dogging the
Prysmian sees FY core profit at higher end of guidance after Q1 jump
MILAN (Reuters) – Prysmian said on Thursday its core profit rose 35% in the first quarter thanks to a solid performance at its energy and telecoms businesses, with the company guiding for a full year result at the higher end of its forecast.
Morgan Stanley warns 2022 global economic growth to be less than half of 2021
Morgan Stanley forecasts this year's global economic growth to be less than half of 2021
Russian gas flows to Europe via Ukraine drop
(Reuters) – Daily requests for Russian gas deliveries to Slovakia via Ukraine have fallen in line with lower deliveries through Ukraine, where one route remains suspended, pipeline operator data showed on Thursday.
Sterling hits new lows against dollar and euro
(Reuters) – Sterling hit fresh lows against the dollar and the euro on Thursday, as risk sentiment soured after U.S. inflation data cemented bets of aggressive rate hikes by the Federal Reserve.
One-off trading gains boost Piraeus Banks Q1 earnings
ATHENS (Reuters) – Piraeus Bank, Greece‘s fourth-largest lender by market value, on Thursday reported higher net earnings in January-to-March compared to last year’s fourth quarter on stronger trading income.
BP bids for two Dutch offshore wind power leases
(Reuters) – Oil major BP has submitted bids to develop two offshore wind power leases in the Netherlands, it said on Thursday, as the company increases its focus on renewable energy.
London stocks slide as downbeat GDP, hot U.S. inflation data weigh
(Reuters) – UK shares dropped on Thursday as risk sentiment took a beating after data showed British economy shrank in March, highlighing the cost-of-living crisis while persistently hot U.S. inflation data exacerbated investor fears of aggressive rate hikes.
European stocks slump after Wall St rout on rate hike worries
(Reuters) – European stocks slumped on Thursday, echoing sharp losses on Wall Street overnight, after U.S. inflation data fuelled concerns about the impact of bigger interest rate hikes on economic growth.
Exclusive: Ontario Teachers to invest up to $1 billion in Macquarie offshore wind unit
By Isla Binnie and Susanna Twidale MADRID/LONDON (Reuters) – Major Canadian pension fund Ontario Teachers‘ Pension Plan has agreed to invest up to $1 billion in a new offshore wind business launched by Australia’s Macquarie Group Ltd to develop projects around the world, the companies
UK GDP and Production Figures Sink the Pound
The Pound hits reverse, with disappointing economic data sounding the alarm bells as the Bank of England grapples with inflation.
Snam signs deal with Enagas to study Spain-Italy gas pipeline
MILAN (Reuters) – Italian gas group Snam said on Thursday it had signed an agreement with Spains Enagas to look into the idea of building an offshore gas pipeline between the two countries.
Marketmind: Still too hot
A look at the day ahead from Danilo Masoni.
Dollar hovers near two-decade high as CPI keeps aggressive U.S. rate hikes likely
By Kevin Buckland TOKYO (Reuters) – The U.S. dollar held near a two-decade high on Wednesday after U.S. inflation moderated less than markets had expected, keeping the Federal Reserve on course to tighten policy aggressively.
Disney path to subscriber success is outside U.S.; way to profit less clear
By Dawn Chmielewski (Reuters) – Walt Disney Cos quarterly results show a path for signing up a quarter billion subscribers: international expansion. But furious growth in customers outside the United States is not so certain to bring bumper profits.
Japans current account surplus widens on large investment gains
By Tetsushi Kajimoto TOKYO (Reuters) – Japans current account surplus widened in March, finance ministry data showed on Thursday, easing some concerns about dwindling balance of payment as hefty gains in investment incomes more than offset surging fuel costs.
Investors cut valuations of Latam startups -Creditas founder
By Tatiana Bautzer NEW YORK (Reuters) – Investors have been reducing valuations of Latin American startups during the global stock market rout and in an environment of higher interest rates, said Sergio Furio, founder of unicorn fintech Creditas.
Bitcoin falls 7.2% to $28,758
(Reuters) – Bitcoin fell 7.23% to $28,758.29 at 22:05 GMT on Wednesday, losing $2,241.68 from its previous close.