News
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Commodities
Panama's comptroller office to sue over renewal of CK Hutchison contract
PANAMA CITY, April 7 (Reuters) - Panama's Comptroller General office will introduce a lawsuit against the officials who authorized the renewal in 2021 of a 25-year concession to Hong-Kong based CK Hutchison 0001.HK for the operation of two key ports near the Panama Canal, the comptroller general...Reuters
Mon, Apr 7
Commodities
CANADA-CRUDE-Western Canada Select heavy crude discount widens
April 7 (Reuters) - The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) CLc1 widened on Monday. WCS for May delivery in Hardisty, Alberta, settled at $9.15 a barrel under WTI, according to brokerage CalRock, after having s...Reuters
Mon, Apr 7
Commodities
US EPA approves Texas' first CO2 injection well
By Valerie Volcovici WASHINGTON, April 7 (Reuters) - The U.S. Environmental Protection Agency on Monday issued Texas' first permit to allow drilling to inject and store carbon dioxide to oil company Occidental OXY.N.The company's Oxy Low Carbon Ventures received a so-called Class VI permi...Reuters
Mon, Apr 7
Forex
Infineon Technologies to buy Marvell's auto ethernet business for $2.5 billion
April 7 (Reuters) - German chipmaker Infineon Technologies IFXGn.DE said on Monday it would buy Marvell Technology's MRVL.O automotive ethernet business for about $2.5 billion in cash, to expand its microcontroller segment.The automotive ethernet business, which will become a part of Infineon...Reuters
Mon, Apr 7
Stocks
Broadcom announces new $10 billion share buyback plan
April 7 (Reuters) - Broadcom AVGO.O said on Monday it was launching a new share buyback program of up to $10 billion, set to run through the end of the year, sending its shares up nearly 3% in extended trading.CEO Hock Tan said the move reflects confidence in Broadcom's semiconductor and infrast...Reuters
Mon, Apr 7
Commodities
Freeport-McMoRan CEO flags concern over global growth amid US tariffs
By Daina Beth Solomon SANTIAGO, April 7 (Reuters) - The CEO of copper producer Freeport-McMoRan FCX.N said on Monday she was concerned about the health of the global economy and the possibility of recession and inflation in the wake of U.S. tariffs rolled out last week. The comments from the worl...Reuters
Mon, Apr 7
Commodities
CIF/FOB Gulf Grain-Corn, soybean barge basis ease as trade war escalates
CHICAGO, April 7 (Reuters) - Spot basis bids for soybeans and corn delivered by barge to U.S. Gulf Coast terminals continued to fall on Monday, as a global trade war touched off by U.S. President Donald Trump's sweeping tariffs escalated further, traders said.* On Monday, Trump threatened to inc...Reuters
Mon, Apr 7
Stocks
Fintech companies caught up in tariff turmoil
Shares in Affirm down more than 21% since tariff announcementHigher prices would be a drag on consumer credit, analysts sayWorsening consumer finances could affect ability to repayBy Hannah Lang April 7 (Reuters) - Financial technology companies like Robinhood and buy now, pay later provider Affi...Reuters
Mon, Apr 7
Stocks
Market stress signals are flashing bright
LONDON, April 7 (Reuters) - As a rout in global equity markets deepened on Monday amid tariff turmoil, the signs of stress across financial markets have started to flash brightly."It's quite clear that the market is in a panic," said Van Luu, global head of FX and fixed income strategy, ...Reuters
Mon, Apr 7
Cryptocurrencies
XRP Dump? Not So Fast—Software Engineer Says Panic Selling Makes No Sense
Thinking about dumping your XRP? Hold your horses—make sure you’ve got a solid plan first. A well-known software engineer has expressed confidence in XRP despite its sharp price decline in recent market turmoil. The digital currency has fallen 16% to $1.76 amid widespread selling across cryptocurren...NewsBTC
Mon, Apr 7
Stocks
GLOBAL MARKETS-Stocks mostly fall in rocky market as tariff war escalates
Trump digs in on tariffs Trump threatens additional 50% tariff on ChinaFutures price in extra Fed easing this yearOil falls as trade conflict fuels recession fearsInvestors pile into safe-haven currencies amid tariff worries By Caroline Valetkevitch NEW YORK, April 7 (Reuters) - Most m...Reuters
Mon, Apr 7
Other
Infineon Acquires Marvell’S Automotive Ethernet Business
April 7 (Reuters) - Infineon Technologies AG IFXGn.DE:INFINEON FURTHER STRENGTHENS ITS NUMBER ONE POSITION IN AUTOMOTIVE MICROCONTROLLERS AND BOOSTS SYSTEMS CAPABILITIES FOR SOFTWARE-DEFINED VEHICLES WITH ACQUISITION OF MARVELL’S AUTOMOTIVE ETHERNET BUSINESSFurther company coverage: [IFXGn.DE]Reuters
Mon, Apr 7
Other
Bluejay Diagnostics Announces Entry Into Warrant Inducement Transaction For Approximately $3.7 Million In Gross Proceeds
April 7 (Reuters) - Bluejay Diagnostics Inc BJDX.O:BLUEJAY DIAGNOSTICS ANNOUNCES ENTRY INTO WARRANT INDUCEMENT TRANSACTION FOR APPROXIMATELY $3.7 MILLION IN GROSS PROCEEDSReuters
Mon, Apr 7
