Valneva shares slump after COVID vaccine deal with EU falls apart

(Reuters) -Valneva lost nearly a fifth of its value on Monday after the French drugmaker said its COVID-19 vaccine agreement with the European Commission was likely to be scrapped and it might have to rethink its financial guidance.

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16-05-2022

Gold ticks up as dip in U.S. yields loosens dollar's grip

Gold rose slightly on Monday as a retreat in U.S. Treasury yields offset headwinds from a relatively firm dollar, which, along with looming interest rate hikes, earlier pushed bullion to a more than three-and-a-half-month low.

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16-05-2022

New York state factory activity slumps again in May; price pressures easing

Factory activity in New York state slumped in May for the third time this year amid a collapse in new orders and shipments, though manufacturers were slightly upbeat about business conditions over the next six months.

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16-05-2022

Carlyle to buy U.S. defense contractor ManTech for $3.9 billion

ManTech International Corp on Monday agreed to a $3.93 billion all-cash deal with Carlyle Group Inc as the private equity firm strengthens its portfolio of U.S. defense contractors.

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16-05-2022

JetBlue goes hostile to buy Spirit Airlines after rejection

JetBlue Airways Corp is not taking no for an answer in its quest to buy rival Spirit Airlines.

newspaper

16-05-2022

Gold buckles under pressure from 'King Dollar', higher yields

Gold fell more than 1% to its lowest in 3-1/2 months on Monday as elevated bond yields and overall strength in the dollar dampened bullion demand, even as riskier assets dropped after grim China economic data.

newspaper

16-05-2022

Return of the Moskvich: Russia to revive 'legendary' Soviet-era car after Renault exit

A Soviet-era car brand the "Moskvich" could make a surprise comeback in Russia, as Moscow takes over assets belonging to Renault following the French carmaker's exit from the country.

newspaper

16-05-2022