Page 942 - Reuters

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 fall as market weighs mixed supply signals

The International Energy Agency on Wednesday warned that from May onwards roughly 3 million barrels per day of Russian oil could be shut-in due to sanctions or voluntary embargoes

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

Morgan Stanley beats estimates on stronger-than-expected trading, M&A in Q1

Morgan Stanley earned $258 mn in revenue from its equity underwriting business, down sharply from $1.5 bn a year ago, when it generated handsome fees from a spate of high-profile IPOs

Euro turns negative as ECB confirms plans to end bonds buys

Interest rates will, however, only go up "some time" after the end of bond buys and they will be gradual, the ECB added

Goldman Sachs' Q1 profit beats on strength in wealth management, trading

The Wall Street bank has also been taking measures under CEO David Solomon to diversify its revenue stream and earn more from predictable sources like consumer banking, wealth and asset management

Gold set for weekly gain as Ukraine crisis and inflation lift appeal

Gold has gained about 1.4% so far in the week. Most markets will be closed on Friday for a holiday

Ahead of key Central Bank meeting, European shares edge up

Ahead of the ECB's decision, due at 1145 GMT, the broader Euro STOXX 600 gained 0.1%, with French shares adding 0.4% and German stocks up up 0.2%

Asian shares track Wall Street higher as US Treasury yields stabilise

Asian markets including Hong Kong, Singapore and Australia are on holiday on Friday for Easter, as are major European and U.S. markets.