New York Fed to launch U.S. Libor contender, slow takeup seen
(Reuters) – The New York Federal Reserve will launch a benchmark U.S. rate on Tuesday to potentially replace Libor, and market participants hope it will prove more reliable after a long and complex switchover.
UBS nominates two new board members at upcoming AGM
ZURICH (Reuters) – UBS said it is nominating Jeremy Anderson and Fred Hu for election to its Board of Directors at its annual general meeting in May.
GM will stop reporting monthly U.S. vehicle sales
DETROIT (Reuters) – General Motors Co said on Tuesday it will stop reporting monthly U.S. vehicle sales, saying the 30-day snapshot does not accurately reflect the market and the company will, instead, issue quarterly sales reports.
Asian investors stay calm amid Wall Street sell-off
SYDNEY (Reuters) – Asian shares slipped on Tuesday amid escalating trade tensions and worries over the fading outlook for global tech giants, but investors held their nerves to focus instead on prospects for stronger world growth.
China imposed tariffs on U.S. products to ‘balance losses’: state media
BEIJING (Reuters) – China imposed tariffs on 128 U.S. products ranging from wine to oranges in order to “balance the losses” caused by U.S. duties and to protect China’s national interests, according to a commentary on the front page of the official Pe…
Australia’s Santos says will engage with Harbour Energy over unsolicited $10.4 billion bid
SYDNEY (Reuters) – Australian gas producer Santos Ltd said on Tuesday it would “engage with” Harbour Energy after receiving a $10.4 billion takeover offer from the U.S. company, its fourth unsolicited bid since August 2017.
NYSE sets Spotify reference price at $132
(Reuters) – The New York Stock Exchange on Monday set the reference price for shares of music streaming service Spotify Technology SA at $132.
Stocks slide, yen rises in flight to safety on trade war anxiety
SYDNEY (Reuters) – Asian stocks extended a global selloff and the yen rose on Tuesday as investors fled for safety as an escalating trade spat between the United States and China and a renewed slump in tech shares such as Amazon.com sapped investor con…
Alibaba files trademark lawsuit against Dubai firm behind ‘Alibabacoin’
NEW YORK (Reuters) – Alibaba Group Holding Ltd on Monday sued a Dubai-based firm it said has caused confusion by using its trademarked name to raise more than $3.5 million in cryptocurrency known as “Alibabacoins.”
Exclusive: CBS plans all-stock bid for Viacom below current valuation – sources
(Reuters) – CBS Corp plans to make an all-stock offer for Viacom Inc that values the U.S. media company below its current market valuation, people familiar with the matter said on Monday, indicating that tough negotiations lie ahead.
