Elon Musk to buy Twitter for $44 billion

Elon Musk clinched a deal to buy Twitter for $44 billion on Monday in a transaction that will shift control of the social media platform populated by millions of users and global leaders to the world's richest person.

newspaper

25-04-2022

Oil slumps over 5% to near $100/bbl on Shanghai lockdowns

NEW YORK (Reuters) -Oil slumped over 5% on Monday to its lowest in two weeks on growing worries about the global energy demand outlook due to prolonged COVID-19 lockdowns in Shanghai and potential increases in U.S. interest rates.

newspaper

25-04-2022

Wall Street strategists sound gloomy note as stocks drop again

NEW YORK/LONDON (Reuters) -After a rocky week for U.S. stocks, a number of Wall Street strategists are pointing to reasons for further caution as investors face tightening monetary policy, corporate earnings, seasonal weakness and other factors that could spell more trouble for equities.

newspaper

25-04-2022

Meta fights to overturn UK order to sell Giphy

Facebook owner Meta started its appeal on Monday against Britain's ruling that it must sell Giphy, arguing the fact that rival Snap offered far less to buy the animated-images provider undermined the rationale used to block the deal.

newspaper

25-04-2022

S&P cuts Sri Lanka to 'selective default' on missed payments

S&P Global Ratings cut Sri Lanka's rating as an issuer of foreign currency debt to 'selective default' after the South Asian country missed sovereign bond interest payments, S&P said on Monday.

newspaper

25-04-2022

Blackstone to buy PS Business Parks in $7.6 billion take-private deal

(Reuters) -Blackstone Inc on Monday agreed to buy real estate investment trust (REIT) PS Business Parks for $7.6 billion, including debt, as dealmaking activity in the real estate sector continues to thrive in the aftermath of the COVID-19 pandemic.

newspaper

25-04-2022

New York judge holds Trump in contempt for failing to comply with subpoena

A New York judge on Monday held former President Donald Trump in contempt of court for not producing documents subpoenaed in the state attorney general's civil probe of his business practices, and ordered Trump to be fined $10,000 per day until he complies.

newspaper

25-04-2022

Oil dives 6% as Shanghai lockdowns stoke demand fears

NEW YORK (Reuters) -Oil slumped about 6% on Monday to its lowest in two weeks on growing worries about the global energy demand outlook due to prolonged COVID-19 lockdowns in Shanghai and potential increases in U.S. interest rates.

newspaper

25-04-2022

Crude palm oil excluded from Indonesia export ban

Indonesia's agriculture ministry said on Monday that crude palm oil shipments would be excluded from a planned palm oil export ban, according to a copy of an official letter sent to local government leaders.

newspaper

25-04-2022