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Elon Musk deals Twitter a wild card as shareholders seek reforms: Analysis

Even if he fails to buy Twitter, the Tesla CEO, who recently disclosed a 9.6% stake, is seen as likely to vote in ways that could shake up the company at its virtual May 25 meeting

Ukraine says fighting rages around Mariupol steel plant, port

Ukraine says street fighting ongoing in Mariupol; Moscow says it captures steel plant in Mariupol

Twitter adopts 'poison pill' to fight Elon Musk's takeover offer

Under the plan, the rights will become exercisable if anyone acquires ownership of 15% or more of Twitter's outstanding common stock in a transaction not approved by the Board

India risks widespread blackouts this summer: Here's why

Since the middle of March, the grid has routinely reported maximum loads above 195,000 MW, including a peak of 199,584 MW on April 8 - less than 0.5% below the record

China cuts reserve requirements for banks as economy slows

China's exports, the last major growth driver, are also showing signs of fatigue, and some economists say the risks of a recession are rising

Shanghai reports slight drop in Covid cases as economic impact bites

China's efforts to stop the virus with a strict 'zero-COVID' policy are triggering economic disruptions that are rippling through global supply chains for goods from electric vehicles to iPhones

Ukraine crisis: Russia may be in default, says Moody's

If Moscow is declared in default, it would mark Russia's first major default on foreign bonds since the years following the 1917 Bolshevik revolution

Apple, others face shipment delays as China Covid curbs squeeze suppliers

China's race to stop the spread of Covid-19 has jammed highways and ports, stranded workers and left countless factories awaiting government approval to reopen

Hawkish Fedspeak keeps dollar king, yen slumps to 20-year low

The euro slipped 0.14% to $1.0812, heading back toward the overnight low of $1.0785, a level unseen since April 2020.

Euro hovers near two-year low vs dollar as ECB disappoints markets

The European single currency fell to $1.0758, the lowest level since April 2020. It was last down 0.53% at $1.0827

Elon Musk wants to buy out Twitter in $43-billion unsolicited bid

Offer price of $54.20 per share is 38% premium to Twitter's Apr 1 close, the last trading day before his stake in the platform was made public

Gold dips, but set for weekly gain on safe-haven demand

Although gold is considered a hedge against inflation and geopolitical risks, interest rate hikes raise the opportunity cost of holding non-yielding bullion

Benettons, Blackstone buyout proposal values Atlantia at $63 bn

Highlighting the appeal of the infrastructure sector, the deal would be this year's second-biggest M&A transaction globally after Microsoft's $69-bn acquisition of Activision Blizzard

Oil rises on news EU may phase in a ban on Russian oil imports

The New York Times reported that the European Union was moving toward adopting a phased-in ban of Russian oil, to give Germany and other countries time to arrange alternative suppliers

US stocks dip, bond yields climb, dollar rises on policy concerns

The pan-European STOXX 600 index rose 0.67% and MSCI's gauge of stocks across the globe shed 0.35%

Oil prices edge higher ahead of long weekend on Russian supply woes

Brent futures were up 42 cents, or 0.4%, at $109.17 a barrel, while US West Texas Intermediate futures were 23 cents or 0.22% higher at $104.39 a barrel at 1223 ET or 1622 GMT

Euro hits two-year low vs dollar as ECB seen in no rush to hike rates

Lagarde said there was no clear timeframe for when rates would start to rise, adding it could be weeks or even several months after the end of stimulus

Russia warns of nuclear, hypersonic deployment if Sweden, Finland join NATO

Dmitry Medvedev, deputy chairman of Russia's Security Council, said that should Sweden and Finland join NATO then Russia would have to strengthen its land, naval and air forces in the Baltic Sea

Nasdaq, S&P 500 fall as growth shares lose steam, mixed Q1 results by banks

Twitter rises on Elon Musk's $41-bn buyout offer'; Morgan Stanley, Citi rise after results; Wells Fargo slips after quarterly profit drops

Citigroup's Q1 profit sinks 46% on loan loss provisions, dealmaking slump

Citi adds $1.9 bln of reserves for Ukraine crisis; investment banking revenue slumps on SPAC slowdown