11 March

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Facebook asks court to dismiss U.S. government, states antitrust cases By Reuters

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WASHINGTON (Reuters) - Facebook (NASDAQ:FB) asked a federal court on Wednesday to dismiss major antitrust cases filed by the U.S. Federal Trade Commission and nearly every U.S. state, saying they failed to show the company had a monopoly or harmed consumers. "By a one-vote margin, in the fraught environment of relentless criticism of Facebook for matters entirely unrelated to antitrust concerns,...

10 March

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‘OpenLux’ showed need for tougher enforcement of EU tax rules, says commissioner By Reuters

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By Huw Jones LONDON (Reuters) - The "OpenLux" investigation showed a need to better implement European Union tax rules and to strengthen tax-related disclosures by companies, a top EU official said on Wednesday. The OpenLux investigation last month by journalists, including from Le Monde, Le Soir, Miami Herald and Sueddeutsche Zeitung, said Luxembourg's investment fund industry is a $5.4 trillion "black box"...

10 March

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U.S. Infrastructure Bill Could Pass Committee in May, Chair Says By Bloomberg

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(Bloomberg) -- The centerpiece of President Joe Biden’s next big priority after pandemic relief, a massive transportation infrastructure package, could move through a key Senate committee by the end of May, according to its chair. Democratic Senator Tom Carper of Delaware, who heads the Environment and Public Works panel, said the infrastructure initiative could be signed into law as a component of Biden’s...

10 March

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Canada shares higher at close of trade; S&P/TSX Composite up 0.66% By Investing.com

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Investing.com – Canada equities were higher at the close on Wednesday, as gains in the Energy, Consumer Staples and Financials sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite gained 0.66% to hit a new all time high. The biggest gainers of the session on the S&P/TSX Composite were Vermilion Energy Inc . (TSX:VET), which rose 13.49%...

10 March

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UK electricity capacity auction for 2024/25 clears at 18 pounds/kW/year By Reuters

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LONDON (Reuters) - Britain's auction to ensure enough electricity capacity for 2024/25 has cleared at a 18 pounds per kilowatt (kW) per year range, National Grid (LON:NG) said on Wednesday. A total quantity of 40.8 GW of capacity was procured, National Grid said. Britain launched its power capacity market in 2014, offering to pay providers for making supplies available at short...

10 March

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Hard lessons help AerCap boss Kelly rebuild air finance titan By Reuters

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By Tim Hepher and Conor Humphries DUBLIN (Reuters) - When Irishman Aengus Kelly got his first job in aircraft leasing in 1996 it was with a firm so down on its luck the American giant General Electric (NYSE:GE) had an option to buy it for one dollar. Three years earlier, GE had taken over the jewels of ruined Irish leasing...

10 March

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Roblox surges 43% in debut on NYSE By Reuters

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By Joshua Franklin and Niket Nishant (Reuters) - Shares of U.S. gaming company Roblox Corp jumped 43% in its New York Stock Exchange trading debut on Wednesday, valuing the company at around $42 billion. San Mateo, California-based Roblox is among the world's most popular gaming sites for children and offers a host of games across mobile devices and gaming consoles. The company's...

10 March

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Exclusive: Feinberg to oversee $500 million Boeing 737 MAX victim fund By Reuters

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By David Shepardson and Tracy Rucinski WASHINGTON (Reuters) - Prominent attorneys Kenneth Feinberg and Camille Biros will be named to oversee a $500 million victim compensation fund for the relatives of 346 people killed in two fatal Boeing (NYSE:BA) 737 MAX crashes, a spokeswoman for Feinberg confirmed on Wednesday. As part of a settlement with the Justice Department, Boeing Co ...

10 March

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Taulia gets credit line from banks led by JPMorgan By Reuters

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(Reuters) - Taulia, a financial technology company that had worked closely with Greensill, said on Wednesday it has tapped a credit line led by JPMorgan (NYSE:JPM) and including UniCredit, UBS and BBVA (MC:BBVA), to provide more that $6 billion in funding to suppliers. ...

10 March

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Sterling stabilises; EU and UK fall out over vaccine comments By Reuters

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By Elizabeth Howcroft LONDON (Reuters) - The pound was little changed on Wednesday, slipping below $1.39 and edging up against the euro, still supported by the UK's vaccine success and optimism about an economic recovery. The dollar was steady, having recovered some of its losses from the previous session. Global stocks climbed after a report on U.S. consumer prices eased some recent...

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Facebook asks court to dismiss U.S. government, states antitrust cases By Reuters

‘OpenLux’ showed need for tougher enforcement of EU tax rules, says commissioner By Reuters

U.S. Infrastructure Bill Could Pass Committee in May, Chair Says By Bloomberg

Canada shares higher at close of trade; S&P/TSX Composite up 0.66% By Investing.com

UK electricity capacity auction for 2024/25 clears at 18 pounds/kW/year By Reuters

Hard lessons help AerCap boss Kelly rebuild air finance titan By Reuters

Roblox surges 43% in debut on NYSE By Reuters

Exclusive: Feinberg to oversee $500 million Boeing 737 MAX victim fund By Reuters

Taulia gets credit line from banks led by JPMorgan By Reuters

Sterling stabilises; EU and UK fall out over vaccine comments By Reuters

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