March 21 (Reuters) – Microsoft Corp ( MSFT.O ) on Monday won the dismissal of a private consumer antitrust lawsuit over its proposed $69 billion purchase of “Call of Duty” maker Activision Blizzard Inc ( ATVI.O ), but the plaintiffs received notice. 20 days to refine your legal challenge. A federal judge in San Francisco …
Microsoft wins dismissal of gamer’s lawsuit over $69 billion Activision deal Read More »
March 22 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. 25, no change, or maybe 50? Every Fed meeting is the most important since the last, but rarely in recent memory has a decision – and guidance – been more balanced than Wednesday’s. There are no major economic indicators …
Morning message: Hope Powell sheds light in fog of uncertainty Read More »
March reading of 13.0 against expected 17.1 Ending a five-month streak of increases Uncertainty about banks reflected in dip BERLIN, March 21 (Reuters) – German investor sentiment eased in March as concerns over a new financial crisis ended a five-month streak of consecutive gains, economic research institute ZEW said on Tuesday. The institute’s index, which …
German investor morale collapses over banking problems – ZEW Read More »
March 21 (Reuters) – SVB Financial Group ( SIVB.O ) said on Tuesday that the U.S. Federal Deposit Insurance Corporation had taken “improper actions” to cut it off from cash held at its former subsidiary Silicon Valley Bank, which was seized by regulators to stem a national bank run. SVB Financial made the allegations in …
SVB Financial Group accuses the FDIC of cutting it off from cash Read More »
LONDON, March 21 (Reuters) – This month’s turmoil in the U.S. banking system and renewed recession worries have left global investor confidence at one of the lowest levels in 20 years, and that’s not even accounting for this week’s demise of Credit Switzerland. A monthly survey by investment bank BofA after the collapses of Silicon …
The banking crisis is knocking on investor confidence, studies show Read More »
NEW YORK, March 20 (Reuters) – Bond giant PIMCO lost about $340 million on a category of Credit Suisse bonds wiped out by the takeover of UBS ( UBSG.S ), with the U.S. investment manager’s total exposure to the Swiss lender running into billions, said a source with knowledge of the situation. Swiss authorities decided …
PIMCO lost $340 million. with Credit Suisse AT1 bond write-off – source Read More »
March 20 (Reuters) – Samsung Electronics Co Ltd ( 005930.KS ) convinced a federal jury in Los Angeles on Friday that its Galaxy S10 phones do not infringe on the trademark rights of a talent management agency that uses the S10 name. A jury found that S10 Entertainment & Media LLC had failed to show …
Samsung wins jury trial in S10 trademark lawsuit Read More »
LONDON, March 20 (Reuters Breakingviews) – The Russian economy shrank by just 2% in 2022, defying more pessimistic forecasts. Instead of a meltdown, it entered an era of slow suffocation. Cut off from foreign markets by sanctions, Vladimir Putin’s government is working to finance budget deficits that would have been manageable in peacetime. It will …
Economic strangulation puts Russia in China’s orbit Read More »
HONG KONG, March 20 (Reuters) – Embattled developer China Evergrande Group ( 3333.HK ) plans on Wednesday to publish an offshore debt restructuring term sheet agreed with a key offshore bondholder group, the firm’s lawyer told a Hong Kong court. The move paves the way for the world’s most indebted property developer to restructure $22.7 …
China Evergrande will detail the debt restructuring plan on Wednesday Read More »
First Republic Bank dabbles in suspending dividends SVB Financial seeks bankruptcy protection FedEx jumps at an increase in its full-year earnings forecast Indexes down: Dow 1.31%, S&P 1.17%, Nasdaq 0.80% NEW YORK, March 17 (Reuters) – Wall Street swung lower on Friday at the end of a tumultuous week marked by the unfolding crisis in …
Wall Street is reeling over fears of contagion from banking crises Read More »
