JPMorgan’s Dimon warns of possible $1 billion Russia loss

Dimon concerned about secondary impact of Ukraine conflict Dimon calls for increased US military presence in Europe Dimon urges revamp of US supply chain Fed rate hikes could be higher than market expectations -Dimon NEW YORK, April 4 (Reuters) – JPMorgan (JPM.N) could lose about $1 billion on its Russia exposure, Chief Executive Jamie Dimon … Read more

Lithuanian documentary maker Kvedaravicius killed in Ukraine’s Mariupol

VILNIUS, April 3 (Reuters) – Lithuanian film director Mantas Kvedaravicius was killed on Saturday in Mariupol, the Ukrainian city whose fate he had documented for many years, according to the Ukrainian Defense Ministry and a colleague. “While (he was) trying to leave Mariupol, Russian occupiers killed Lithuanian director Mantas Kvedaravicius,” the ministry’s information agency tweeted … Read more

Tesla delivers record vehicles in first quarter; output falls during China shutdown

A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York, US, April 29, 2016. REUTERS/Lucas Jackson/File Photo Register now for FREE unlimited access to Reuters.com Register April 2 (Reuters) – Tesla Inc (TSLA.O) on Saturday reported record electric vehicle deliveries for the first quarter, largely meeting analysts’ estimates, … Read more

Russia’s Gazprom exits German business amid crisis in energy ties

Model of petrol pump is seen in front of Gazprom logo in this illustration taken March 25, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, April 1 (Reuters) – Russia’s Gazprom (GAZP.MM) said on Friday it was quitting its business in Germany at a moment of crisis in the vital … Read more

US stock futures rise before jobs data, oil eyes 13% weekly fall

S&P futures up 0.46% Euro zone inflation 7.5% in March Oil heading for 13% fall this week LONDON, April 1 (Reuters) – US stock index futures rose on Friday ahead of US employment data with markets watching for signs of inflation, while oil was poised for a 13% weekly fall following reserve releases. Investors are … Read more

EXCLUSIVE US warned firms about Russia’s Kaspersky software day after invasion -sources

US government privately briefed American companies on software Kaspersky says briefings unjust and damages its reputation March 31 (Reuters) – The US government began privately warning some American companies the day after Russia invaded Ukraine that Moscow could manipulate software designed by Russian cybersecurity company Kaspersky to cause harm, according to a senior US official … Read more

European stocks set for biggest quarterly drop since 2020

A DAX logo is pictured at the trading floor of the stock exchange in Frankfurt, Germany December 29, 2017. REUTERS/Ralph Orlowski Register now for FREE unlimited access to Reuters.com Register LONDON, March 31 (Reuters) – European stocks edged lower on Thursday and were set for their biggest quarterly drop since the start of 2020, while … Read more

Stocks rally fizzles, bond markets ponder risks for US economy

Euro STOXX 600 drops 0.6% US bond market signals economic pain ahead Treasury 10-year yields lower Ukraine-Russia negotiations earlier buoyed stocks wall street down NEW YORK, March 30 (Reuters) – The US and European equities rally wavered on Wednesday as investors reviewed economic and geopolitical risks, while oil prices jumped over $2 on the prospect … 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

US authorizes second COVID booster for Americans 50 and older

March 29 (Reuters) – US health officials on Tuesday authorized a second COVID-19 booster dose of the two most commonly used COVID-19 vaccines for people age 50 and older, citing data showing waning immunity and the risks posed by Omicron variants of the virus. The US Food and Drug Administration agency said the new boosters … Read more