31 March

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UK’s Sunak: former prime ministers should follow lobbying rules By Reuters

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LONDON (Reuters) - British finance minister Rishi Sunak on Wednesday said it was important that people, including former prime ministers, followed the rules on lobbying. Last week an independent oversight body cleared former prime minister David Cameron of breaking rules after reports he lobbied Downing Street officials to help collapsed supply chain financier Greensill Capital secure state-backed loans - although questions remain...

31 March

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Blackberry Shares Tumble On Revenue Miss, Ignoring Analyst Upgrade By Investing.com

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By Dhirendra Tripathi Investing.com – BlackBerry (NYSE:BB) shares fell a sharp 9% Wednesday after the company’s February quarter revenue came in below expectations. BlackBerry matched estimates with adjusted quarterly earnings of 3 cents per share. But revenue of $210 million for the quarter was down 25% from a year ago. The net loss of $315 million was more than seven times from a...

31 March

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BlackRock raises $3 billion to tap into private eequity secondary market By Reuters

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(Reuters) - BlackRock Inc (NYSE:BLK) has raised more than $3 billion to invest in the private equity secondary market, it said on Tuesday, as the world's largest asset manager looks to boost its presence in the illiquid alternative investments space. The capital raised by BlackRock Private Equity Partners includes $2.4 billion raised by the Secondaries and Liquidity Solutions Fund, more than an...

31 March

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Stellantis expects hydrogen fuel cell vans to arrive by end of 2021 By Reuters

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PARIS (Reuters) - Stellantis said on Wednesday that it will begin deliveries in Europe of its first medium-sized vans powered by hydrogen fuel cells by the end of 2021. The carmaker, which was formed by the merger of PSA and Fiat Chrysler earlier this year, said the hydrogen fuel cell vans will be launched under the Peugeot, Citroen and Opel brands....

31 March

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OPEC Meets, Biden’s Infrastructure Speech and Deliveroo Dive: What’s up in Markets By Investing.com

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By Geoffrey Smith Investing.com -- The Organization of Petroleum Exporting Countries is set to meet with other major producers to discuss output levels after cutting its forecasts for oil demand. More details are emerging about the scale of bank losses from the Archegos blowup, while equity and bond markets are treading water ahead of U.S. President Joe Biden's infrastructure speech. European Central Bank...

31 March

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What’s in Biden’s $2.25 Trillion Infrastructure and Tax Proposal By Bloomberg

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(Bloomberg) -- President Joe Biden released a sweeping plan to pump money into transportation, renewable energy, manufacturing and efforts to combat climate change -- funded by undoing some of the tax breaks that corporations received during the Trump administration. The $2.25 trillion, eight-year proposal is a follow-up to the $1.9 trillion economic relief bill...

31 March

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Volvo Cars to review various options including IPO, Geely says By Reuters

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BEIJING (Reuters) - China's Zhejiang Geely Holding Group said on Wednesday its Volvo Cars would explore capital market options including a potential initial public offering and stock market listing. Geely's Hong Kong-listed unit Geely Automobile and Volvo Cars scrapped their full merger plan in February. ...

31 March

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Apple, Chewy Rise Premarket; Lululemon Falls By Investing.com

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By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Wednesday, March 31st. Please refresh for updates. Chewy (NYSE:CHWY) stock rose 12% after the online pet supplier reported its first quarterly profit in the final quarter of last year, as pet ownership grew and online sales responded during the pandemic. Lululemon Athletica ...

31 March

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Walgreens Gains On Revised Guidance, Results Topping Estimates By Investing.com

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By Dhirendra Tripathi Investing.com – Walgreens (NASDAQ:WBA) shares were up nearly 3% in Wednesday’s premarket, boosted by the company’s guiding profit expectations higher, as well as by earnings for the three months through February that beat estimates. The company raised its profit guidance to mid-to-high single-digit growth in constant currency for fiscal 2021. Previous guidance was for low single-digit growth. The pharmacy chain...

31 March

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H&M vows to rebuild trust in China after Xinjiang backlash By Reuters

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By Anna Ringstrom and Helena Soderpalm STOCKHOLM (Reuters) -H&M vowed on Wednesday to win back trust in China amid growing signs its fashion empire is suffering from a backlash after it voiced concerns last year about alleged human rights abuses in Xinjiang province. The comments come as Western brands battle to strike a balance between consumers in the world's second-largest economy and...

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UK’s Sunak: former prime ministers should follow lobbying rules By Reuters

Blackberry Shares Tumble On Revenue Miss, Ignoring Analyst Upgrade By Investing.com

BlackRock raises $3 billion to tap into private eequity secondary market By Reuters

Stellantis expects hydrogen fuel cell vans to arrive by end of 2021 By Reuters

OPEC Meets, Biden’s Infrastructure Speech and Deliveroo Dive: What’s up in Markets By Investing.com

What’s in Biden’s $2.25 Trillion Infrastructure and Tax Proposal By Bloomberg

Volvo Cars to review various options including IPO, Geely says By Reuters

Apple, Chewy Rise Premarket; Lululemon Falls By Investing.com

Walgreens Gains On Revised Guidance, Results Topping Estimates By Investing.com

H&M vows to rebuild trust in China after Xinjiang backlash By Reuters

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