By Jonathan Stempel (Reuters) - X, the social media platform owned by Elon Musk, on Tuesday won the dismissal of most of a lawsuit by 17 music publishers that accused it of infringing copyrights on nearly 1,700 songs by letting people post music online without permission. U.S. District Judge Aleta Trauger in Nashville, Tennessee said...
European stocks closed lower on Tuesday as concerns about the outlook for global economic growth amid disappointment from the lack of fresh stimulus from China and uncertainty about the timeline for interest rate cuts rendered the mood cautious. Investors also digested the latest batch of economic data from Europe and U.S., in addition to reacting...
-- U.S. stock index futures steadied in evening deals on Tuesday as Wall Street nursed a sharp fall from record highs, with focus turning squarely to an upcoming testimony by Federal Reserve Chair Jerome Powell. A mix of profit-taking, particularly in the technology sector, and anxiety over U.S. interest rates, was the key driver of...
The Switzerland market ended marginally down on Tuesday after a choppy session as investors refrained from making significant moves ahead of crucial economic events in the U.S. and Europe. The benchmark SMI, which moved between 11,447.89 and 11,504.02, ended with a loss of 14.06 points or 0.12% at 11,463.74. Kuehne & Nagel ended nearly 2%...
By Brendan Pierson (Reuters) - Bayer (OTC:BAYRY) on Tuesday said it won a trial in a lawsuit brought by a retired postal service worker in Pennsylvania who alleged he developed non-Hodgkins lymphoma from using the company\'s Roundup weedkiller. In addition to the jury verdict in the Philadelphia Court of Common Pleas, Bayer said a California...
The Canadian market ended flat on Tuesday after stocks turned in a mixed performance as investors awaited the Canadian central bank\'s monetary policy announcement. Technology and communications stocks fell, while energy stocks found support despite weak crude oil prices. The benchmark S&P/TSX Composite Index, which opened slightly down but climbed to 21,622.99 subsequently, dropped to...
By Sinéad Carew and Bansari Mayur Kamdar (Reuters) -Wall Street three major indexes all retreated more than 1% on Tuesday, with weakness in megacap growth companies such as Apple Inc and the chip sector weighing most on the Nasdaq ahead of this week\'s crop of economic data and remarks from Federal Reserve Chair Jerome Powell....
SINGAPORE (Reuters) - Singapore\'s biggest bank DBS Group (OTC:DBSDY) has grown its sustainable financing commitments, net of repayments, by 37.3% to 70 billion Singapore dollars ($52.10 billion) as of end-December, from S$51 billion in 2022, it said on Wednesday. DBS, which is also Southeast Asia\'s biggest bank by assets, reduced its thermal coal exposure by...
The U.S. dollar struggled to find support on Tuesday as weaker than expected economic data, including a reading on the nation\'s services sector activity, raised the possibility of a rate cut in June. Traders also looked ahead to Federal Reserve Chair Jerome Powell\'s testimony before the House Financial Services Committee on Wednesday and the Senate...
By Elizabeth Howcroft and Hannah Lang LONDON/NEW YORK (Reuters) -As Tether toasts $100 billion in circulation this week, the rapid rise of the world\'s biggest stablecoin has highlighted concerns about potential risks to wider financial markets. The digital dollar-pegged token is designed to keep a constant value, something Tether says that it does by holding...