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Today’s Market Recap: US-Iran Ceasefire Talks Uncertain, US Stocks Edge Higher, Chinese Concept Stocks Shine, SpaceX Expected to List in June
TradingKey - Prospects for US-Iran ceasefire negotiations dominated Wednesday’s market movements. As Iran’s stance hardened, oil prices rebounded from intraday lows to eventually close higher. US equities and Treasuries did not follow the reversal in oil prices, both closing slightly higher and mark
Iran Says It Is Reviewing US Proposal to End War
DUBAI/TEL AVIV, March 25 (Reuters) - Iran is reviewing a U.S. proposal to end the war in the Gulf but has no intention of holding talks to wind down the widening Middle East conflict, the country's foreign minister said on Wednesday.
Reuters
an hour ago
Nvidia-backed Reflection AI eyes $25 billion valuation, WSJ reports
March 25 (Reuters) - Nvidia-backed NVDA.O startup Reflection AI is in talks to raise $2.5 billion at a valuation of $25 billion, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Here are some details:JPMorgan Chase is considering participating in the funding rou...Reuters
6 minutes ago
US Justice Department settles lawsuit from Trump ally Flynn for undisclosed sum
Flynn sued DOJ for malicious prosecution in Russia probeFlynn pleaded guilty to lying to FBI, later pardoned by TrumpSettlement includes financial sumBy Andrew Goudsward WASHINGTON, March 25 (Reuters) - The U.S. Justice Department on Wednesday agreed to settle a lawsuit from Michael Flynn, Presid...Reuters
23 minutes ago
Hyundai Motor aims to double China sales, launch 36 new models in North America
By Heekyong Yang and Joyce LeeSEOUL, March 26 (Reuters) - Hyundai Motor 005380.KS said on Thursday it had a target of more than doubling its China sales in the medium term, and it planned to launch 36 new models in the North American market by 2030. Here are some details:At its annual shareholder me...Reuters
27 minutes ago
PRESS DIGEST-British Business - March 26
March 26 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times- ChatGPT maker OpenAI is closing Sora just months after signing a $1 billion licensing agreement with ...Reuters
29 minutes ago
Taiwan indicates next US arms sale is on track after receiving guarantee letter
TAIPEI, March 26 (Reuters) - Taiwan Defence Minister Wellington Koo on Thursday indicated the next arms sale package from the United States is on track after the government received a letter of guarantee from Washington, even as the U.S. and Chinese leaders prepare to meet in May.A major U.S. arms p...Reuters
32 minutes ago
Citi's co-head of Asia investment banking Metzger joins StanChart
March 26 (Reuters) - Jan Metzger, Citigroup's co-head of investment banking for Asia, will join Standard Chartered as global head of coverage banking, the London-headquartered bank said on Thursday.Metzger is joining the bank's corporate & investment banking team in Hong Kong and will re...Reuters
34 minutes ago
G7 allies meet against backdrop of wars in Ukraine and Iran, with unpredictable US
Trump administration frays G7 relationshipUS allies seek clarity from Rubio on Iran operationsEuropean officials to emphasise support for UkraineBy John Irish and Andrew Gray VAUX-DE-CERNAY, France, March 26 (Reuters) - Foreign ministers from the world's leading Western democracies meet in Fr...Reuters
47 minutes ago
Tennis-Sabalenka to face Rybakina in blockbuster Miami Open semi-final
March 25 (Reuters) - Aryna Sabalenka and Elena Rybakina, the two top women's players in the world, will battle it out in a Miami Open semi-final on Thursday after coming through their quarter-final matches.World number one Sabalenka took down American Hailey Baptiste 6-4 6-4 on Wednesday and is ...Reuters
52 minutes ago
Germany's Henkel nears deal for hair care brand Olaplex, Bloomberg News reports
March 25 (Reuters) - German consumer goods maker Henkel HNKG.DE is in advanced talks to buy Olaplex OLPX.O in a deal that would value the U.S. hair care products maker at about $2 per share, Bloomberg News reported on Wednesday, citing sources.Henkel could announce a deal for Olaplex in the coming d...Reuters
an hour ago
Henkel Is Nearing A Deal For Hair Care Brand Olaplex - Bloomberg News
March 25 (Reuters) - HENKEL IS NEARING A DEAL FOR HAIR CARE BRAND OLAPLEX - BLOOMBERG NEWSCOMPANIES ARE DISCUSSING A PRICE THAT VALUES OLAPLEX AT ABOUT $2 PER SHARE - BLOOMBERG NEWSSource text: [https://tinyurl.com/mt7k45et]Reuters
an hour ago
Gr Silver Mining announces loss of President, CEO, And Founder Márcio Fonseca
March 25 (Reuters) - GR Silver Mining Ltd GRSL.V:GR SILVER MINING ANNOUNCES LOSS OF PRESIDENT, CEO, AND FOUNDER, MÁRCIO FONSECAGR SILVER MINING LTD - APPOINTS ERIC ZAUNSCHERB AS INTERIM PRESIDENT AND INTERIM CEOReuters
2 hours ago
Citi's co-head of Asia investment banking Metzger departs, Bloomberg News reports
March 25 (Reuters) - Citigroup's C.N Jan Metzger, co-head of investment banking for Asia, has stepped down, Bloomberg News reported on Wednesday, citing an internal memo.Kaustubh Kulkarni, who was named co-head six months ago, will now be the sole head of investment banking for the region, the r...Reuters
2 hours ago
US House panels to consider sweeping aviation safety reforms
By David Shepardson WASHINGTON, March 25 (Reuters) - Two U.S. House committees on Thursday are set to consider sweeping aviation safety reform legislation to address 50 recommendations issued after a January 2025 collision between an American Airlines AAL.O regional jet and a U.S. Army Black Hawk...Reuters
2 hours ago
IMF Running Scenarios on Which Nations May Need Aid Due to Iran War, Bloomberg News Reports
March 25 (Reuters) - The International Monetary Fund is running scenarios on countries to gauge which economies could be in need of fresh financing if the Iran war drags on, Bloomberg News reported on Wednesday, citing people familiar with the matter.The IMF has asked country desks at the IMF to shaReuters
2 hours ago
