Wall St edges up as payrolls report keeps Fed on track

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, March 30, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Unemployment drops to 3.6% vs estimate of 3.7% Nonfarm payrolls rose by 431,000 jobs last month GameStop seeks share split amid renewed meme-stock hype … Read more

GameStop seeks share split amid renewed meme-stock hype

A GameStop store is pictured in the Manhattan borough of New York City, New York, US, January 29, 2021. REUTERS/Carlo Allegri/File Photo Register now for FREE unlimited access to Reuters.com Register March 31 (Reuters) – Video game retailer GameStop Corp (GME.N) said on Thursday it would seek shareholder approval for a stock split, aiming to … Read more

Inversion of key US yield curve slice is a recession alarm

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, January 10, 2022. REUTERS/Brendan McDermid/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, March 29 (Reuters) – A closely monitored section of the US Treasury yield curve inverted on Tuesday for the first time … Read more

Vietnam’s Vinfast to build $2 bln electric vehicle factory in US

HANOI/SAN FRANCISCO, March 29 (Reuters) – Vietnam’s automaker VinFast said on Tuesday it has signed a preliminary deal to initially invest $2 billion to build a factory in North Carolina to make electric buses, sport utility vehicles (SUVs) along with batteries for EVs . The unit of Vietnam’s biggest conglomerate Vingroup (VIC.HM), said it plans … Read more

Tesla to seek shareholder approval for stock split

March 28 (Reuters) – Tesla Inc (TSLA.O) will seek investor approval to increase its number of shares to enable a stock split in the form of a dividend, the electric-car maker said on Monday, sending its shares up about 5 %. The proposal has been approved by its board and the shareholders will vote on … Read more

Foreigners banned from selling Russian stocks as market set for limited reopening

March 23 (Reuters) – Russia plans to resume some stock trading on Thursday after a near month-long hiatus, with 33 ruble securities to be traded on the Moscow Exchange. Non-residents will have to wait, though – they will be barred from selling stocks and OFZ ruble bonds until April 1. Trading in blue chips, including … Read more

Evergrande sets end-July target for restructuring proposal after delaying results

Firm had said in Jan proposal would come within 6 months Won’t meet March 31 deadline for audited 2021 results Planned deal with CITIC Trust, Guangzhou could provide model HONG KONG/BEIJING, March 22 (Reuters) – Embattled China Evergrande Group (3333.HK) will unveil a debt restructuring proposal for its creditors by the end of July, it … Read more

Alibaba raises share buyback to $25 billion from $15 billion

A man walks past a logo of Alibaba Group at its office building in Beijing, China August 9, 2021. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register March 22 (Reuters) – Alibaba Group Holding Ltd raised its share buyback program to $25 billion on Tuesday, its second increase in less than a … Read more

Stuck but not sweating it: some US investors in Russia not kneejerk-selling

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, US, March 1, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register NEW YORK, March 4 (Reuters) – US investors may be in a rush to dump Russian assets after Western allies hit Moscow with … Read more