Monday, 28 March 2022

Reuters Business: Boeing appoints Ted Colbert as CEO of defense and space business

Boeing appoints Ted Colbert as CEO of defense and space business

Boeing Co on Monday appointed Ted Colbert as president and chief executive officer of its defense, space and security business.

Huawei 'more united' in face of U.S. pressure, says repatriated CFO

U.S. pressure on Huawei Technologies (HWT.UL) has served to strengthen the resolve of the Chinese telecoms giant, finance chief Meng Wanzhou said on Monday after its first set of results since her return from nearly three years' detention in Canada.

Part of the U.S. yield curve just inverted: Does that mean a recession is coming?

The spread between the yields of five-year and 30-year U.S. Treasuries turned negative for the first time since 2006 on Monday as investors price in an aggressive rate-hiking plan by the Federal Reserve as it attempts to bring inflation down from 40-year highs.

Tesla adds to wave of megacap stock splits

Tesla's announcement on Monday that it will seek shareholder approval to increase its share count in order to enable a stock split adds to a recent wave of megacap companies splitting their shares in a bid to attract more investors.

U.S. Treasury proposes new plan to enforce 15% global minimum corporate tax

The U.S. Treasury on Monday proposed a new mechanism to comply with and enforce a 15% global corporate minimum tax agreed to last year by 136 countries, partly by denying deductions for taxes paid in jurisdictions with lower rates.

U.S. exchanges defeat high-frequency trading lawsuit

A federal judge on Monday dismissed long-running litigation accusing seven U.S. stock exchanges of defrauding ordinary investors by quietly allowing high-frequency traders to trade faster and at better prices.

S&P 500 climbs for third straight day as Tesla leads

The S&P 500 rose for a third day on Monday, as a sharp climb in shares of Tesla overshadowed weakness in energy and bank stocks, while Russia and Ukraine were poised to hold their first face-to-face peace talks in more than two weeks.

U.S. to consider tariffs on Southeast Asian solar imports

U.S. trade officials on Monday said they will launch an investigation that could result in tariffs on solar panels imported from four Southeast Asian nations, a blow to clean energy project developers that rely on cheap imports to keep costs down.

Bayer shareholder Union Investment says CEO should stay on

Bayer shareholder Union Investment on Monday came out in support of the drugmaker's chief executive serving out his full term after the CEO came under renewed pressure over the company's performance.

Barclays faces $590 million hit, scrutiny over sales slip-up

British bank Barclays faces an estimated 450 million pound ($592 million) loss and regulatory scrutiny for exceeding a U.S. limit on sales of structured products, some of which have surged in popularity since Russia's invasion of Ukraine.

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