Monday, 6 June 2022

Hedge fund Elliott sues LME for $456 mln over nickel trading halt

Hedge fund Elliott sues LME for $456 mln over nickel trading halt

U.S. hedge fund Elliott Associates is suing the London Metal Exchange (LME) for $456 million for cancelling nickel trades after chaotic trading in March that forced the exchange to suspend its nickel market, the LME said on Monday.

U.S. aims to ramp up international tourism hit hard by COVID

The U.S. Commerce Department on Monday will unveil a new strategy aimed at boosting international tourism hit hard by COVID-19 and government travel restrictions by streamlining the entry process and promoting more diverse destinations.

BOJ's Kuroda vows unwavering stance in keeping ultra-easy policy

Bank of Japan Governor Haruhiko Kuroda said on Monday the central bank's top priority was to support the economy, stressing an unwavering commitment to maintaining "powerful" monetary stimulus.

JetBlue sweetens offer for Spirit Airlines

JetBlue Airways Corp on Monday improved its offer to buy smaller rival Spirit Airlines Inc , as the battle for the low-cost carrier intensifies.

China to conclude cybersecurity probe, Didi app to be restored, WSJ reports

Chinese regulators are concluding probes into ride-hailing giant Didi Global Inc and two other firms and are preparing to allow their apps back on domestic app stores as early as this week, the Wall Street Journal reported on Monday.

MM-493973_6g-Story_kv_452x236px.jpg
Sponsored by Rohde & Schwarz: 6G: vision or reality?

Rohde & Schwarz shapes tomorrow's wireless communications beyond 5G. From sci-fi to reality, the T&M expert takes connectivity to the next level.

Read the full story now

As Apple upgrades its software, developers hunt for headset hints

As Apple Inc rolls out its usual stream of upgrades to operating systems for its iPhones, iPads and Macs at its annual software developer conference Monday, analysts and developers will be scouring between the lines for any hints about how a future mixed-reality headset might work.

Canada's move to bulk up antitrust muscle may miss root of problem

Waves of industry consolidation over the decades have resulted in fewer choices for customers from telecoms to banking, with Canadians paying the world's most expensive mobile phone bills and forking out more for everyday banking, consumer advocates say.

Exclusive: UniCredit widens search for buyers to sell out of Russia

Italian bank UniCredit has widened its search for a buyer for its Russian business beyond local investors, as it steps up efforts to leave the country, two people with knowledge of the matter said.

Cybersecurity firm Perimeter 81 hits unicorn status with $100 million fundraising

Perimeter 81 said on Monday its backers now value the Israeli cybersecurity company at $1 billion, giving it unicorn status after the firm raised $100 million to fund product development.

China pilots low carbon bonds to help companies become greener

China is rolling out so-called low carbon transition bonds to help companies become greener, the country's interbank bond market regulator said on Monday, as Beijing strives toward carbon neutrality.

Related Videos

Google ordered to pay up in defamation case

U.S. mulls lifting some China tariffs

Musk not alone with 'bad feeling' on economy