Dollar rises towards 20-year high, euro dips after weak data

The dollar rose back towards a 20-year high on Monday as the euro struggled around the $1.05 mark, with investors preparing for a busy week of central bank meetings including a likely Federal Reserve interest rate hike.

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02-05-2022

The New Jet Set: How the COVID-driven boom in private jets is still flying high

Guy Stockbridge runs multiple businesses from his headquarters in central California, including landscape companies that ripple across his home state and a utility solar business with operations in 17 states.

newspaper

02-05-2022

Google urges court to scrap $1.6 billion EU antitrust fine

Alphabet unit Google on Monday urged Europe's second-highest court to dismiss a 1.49-billion-euro ($1.6 billion) fine imposed by EU antitrust regulators three years ago for hindering rivals in online search advertising.

newspaper

02-05-2022

Brief crash hits European stocks in holiday-thinned trading

European stocks suddenly fell on Monday before partly recovering in what brokers described as a "flash crash" or an erroneous trade on a day where a holiday thinned trading activity.

newspaper

02-05-2022

Climate activist gains 11% of Australia's AGL Energy, to vote against company split

MELBOURNE (Reuters) -Mike Cannon-Brookes, a tech billionaire and climate activist, said he has gained an 11.28% interest in Australia's AGL Energy, a move that follows the company's rejection of a $3.8 billion takeover offer he made with Brookfield Asset Management.

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02-05-2022

Vestas warns Ukraine war adds to strain on wind industry, shares plummet

COPENHAGEN (Reuters) -Wind turbine maker Vestas posted a deep first-quarter loss and slashed its 2022 margin forecast due to the war in Ukraine and writedowns in its offshore business, reflecting an industry wide struggle to turn a profit despite record demand.

newspaper

02-05-2022

Stocks slide, dollar holds ground as U.S. rate hike looms

Shares fell and the dollar held near highs in holiday-thinned trading on Monday, as concerns about economic growth lingered ahead of an expected U.S. rate hike this week and after data showed COVID-19 lockdowns slowed China's factory activity.

newspaper

02-05-2022

Oil slips on China growth worries, EU weighs Russian crude ban

LONDON (Reuters) -Oil prices fell on Monday as concerns about weak economic growth in China, the world's top oil importer, outweighed fears of potential supply stress from a potential European Union ban on Russian crude.

newspaper

02-05-2022

Euro zone factory output growth stalled in April - PMI

Euro zone manufacturing output growth stalled last month as factories struggled to source raw materials while demand took a knock from steep price increases and fears about the economic outlook, a survey showed.

newspaper

02-05-2022