Tuesday 30 March 2021

Daily Investor Update: Volkswagen will not change name of U.S. operations: sources

Volkswagen will not change name of U.S. operations: sources

Volkswagen AG's U.S. unit will not change its name even after the German automaker issued a statement on Tuesday saying it would, three sources briefed on the matter said.

Wall Street dips with tech-related shares as yields rise

U.S. stocks were down slightly in afternoon trading on Tuesday, with investors selling tech-related growth shares as U.S. Treasury yields hit a 14-month high.

Dollar gains, global stocks slip as tech weighs

The dollar rose and a gauge of global equity markets slipped on Tuesday as rising U.S. Treasury yields dampened the appeal of the U.S. tech sector and led investors on both sides of the Atlantic to shares that stand to benefit as economies re-open.

Oil falls as Suez Canal opens, dollar rallies; eyes on OPEC+ meeting

NEW YORK (Reuters) -Oil prices slid on Tuesday as the Suez Canal reopened to traffic and the dollar rallied, while focus turned to an OPEC+ meeting this week, where analysts expect an extension to supply curbs to offset dim demand prospects.

Credit Suisse in firing line after Archegos losses

ZURICH/NEW YORK (Reuters) -Pressure was mounting on Credit Suisse on Tuesday over losses linked to the downfall of Archegos Capital, with analysts and investors warning dividend and share buyback plans may need to go on hold.

Universal Studios Hollywood to reopen April 16

LOS ANGELES (Reuters) -Comcast's Corp's Universal Studios Hollywood theme park in California will reopen to a limited number of visitors on April 16, the company said in a statement on Tuesday.

Google, U.S. government tangle over pre-trial document production

Lawyers for Alphabet's Google and the government tangled on Tuesday over how many documents related to the Justice Department's antitrust lawsuit against the search and advertising giant should be turned over, and how fast.

FCC commissioner to urge tougher steps on Chinese network equipment

Federal Communications Commissioner Brendan Carr on Tuesday plans to call for new steps to ensure Huawei Technologies and ZTE equipment is barred from U.S. telecommunications networks and ensure no electronic devices enter the U.S. produced with forced labor, sources briefed on the matter said.

Exclusive: Investors press companies on human rights in Xinjiang

A group of religious and socially conscious investors and other funds are ramping up pressure on Western companies over alleged human rights abuses in China's Xinjiang region, highlighting the challenges for brands trying to maintain their business ties amid rising tensions.

U.S. ITC to open probe into smart thermostat patent complaint

The U.S. International Trade Commission said Tuesday it would investigate a patent infringement complaint filed by a California-based company over smart thermostats and other related systems.

CANADA FX DEBT-Canadian dollar hits 3-week low as U.S. readies infrastructure plan

The Canadian dollar weakened on Tuesday to its lowest level in nearly three weeks against its U.S. counterpart, as oil fell and the prospect of a majo

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