Traffic in Suez Canal resumes after stranded ship refloated

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Your evening briefing. Reuters Business Sponsored by   Traffic in Suez Canal resumes after stranded ship refloated Shipping was on the move again late on Monday in Egypt's Suez Canal after a giant container ship which had been blocking the busy waterway for almost a week was refloated, with more than 400 ships waiting to pass through. Global shares slip after hedge fund's default NEW YORK (Reuters) -The dollar gained and a gauge of global equities halted a slide on Monday as investors discounted any long-term impact from a hedge fund's default that roiled banks after Nomura and Credit Suisse warned of billions of dollars in losses. S&P 500 ends a hair lower; hedge fund default concerns hit banks The S&P 500 ended just slightly in the red on Monday, with bank shares falling amid warnings of potential losses from a hedge fund's default on margin calls, while optimism over the economy limited the day's declines. T-Mobile partners with Google to offer YouTube TV T-Mobile US Inc said on Monday it was expanding its partnership with Alphabet Inc's Google to deliver services like YouTube TV and YouTube Premium. Global banks face losses, regulatory scrutiny after Archegos share dump Nomura and Credit Suisse are facing billions of dollars in losses and regulatory scrutiny after a U.S. investment firm, named by sources as Archegos Capital, defaulted on equity derivative bets, putting investors on edge about who else might be exposed. U.S. bank stocks drop broadly after default by stock fund manager U.S. bank stocks fell broadly on Monday on news of losses at some global investment banks after a fund's default, even knocking down shares of domestic lenders generally removed from equity markets. Oil rises as traders expect OPEC+ to hold output cuts NEW YORK (Reuters) -Oil prices edged higher on Monday after Reuters reported that Russia would support stable oil output from OPEC+ ahead of a meeting with the producer group later this week. Shares in ViacomCBS tumble, Discovery volatile after sharp slide last week Shares in ViacomCBS fell sharply and Discovery Inc stock swung between gains and losses on Monday after steep declines last week triggered by a hedge fund defaulting on margin calls.ViacomCBS shares traded down 3.4% at $46.58 after hitting a low of $43.00 while Discovery was up 2.3% at $42.85 after hitting a low of $39.82 earlier in the session. Boeing asks Delaware court to throw out investors' 737 MAX lawsuit Boeing Co asked a Delaware court to throw out a shareholders' lawsuit over the safety of its 737 MAX following fatal crashes, saying the board engaged in "robust and well-established" oversight of jet's development. Completing refloat of Suez Canal ship won't be easy: Boskalis CEO News about the partial refloating of the giant container ship that was stuck in the Suez Canal is good, but completing the operation would not be a "piece of cake", Boskalis CEO Peter Berdowski told Dutch public radio on Monday. Related Videos Saudi starts winning over firms in regional race Several foreign companies agreed earlier this year to set up regional offices in Saudi Arabia rather than overseeing operations remotely from Dubai, as the kingdom steps up efforts to attract international business. Emily Wither reports. Southwest to buy 100 Boeing 737 Max jets U.S. planemaker Boeing Co said on Monday it sold 100 new 737 MAX-7 jets to long-time customer Southwest Airlines, in its biggest order win since the aircraft's safety ban was lifted in the United States late last year. This report by Yahaira Jacquez. Sponsored by IBM: IBM Security Solutions Explore the cybersecurity solutions behind the shield to help you put security everywhere LEARN MORE World news that matters. More Newsletters Get Reuters News App Get Reuters TV App               © 2021 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036 Email Preferences    |   Privacy Policy    |   Terms and Conditions