Greece says ready to make IMF payment on April 9
ATHENS (Reuters) – Greece will repay a loan tranche to the IMF on time on April 9, its deputy finance minister said on Friday, seeking to quell fears of default after a flurry of contradictory statements on the issue in recent days.
U.S. judge approves settlement with Commerzbank
WASHINGTON (Reuters) – A federal judge on Friday approved a settlement between the U.S. government and German bank Commerzbank AG to resolve sanctions and anti-money laundering violations.
Stock markets hope earnings offset weak economic data
NEW YORK (Reuters) – Market focus will shift from macro to micro next week, and investors betting on gains in stocks will hope coming earnings reports will be somewhat stronger than recent disappointing economic figures.
Tesla says delivered record 10,030 cars in first quarter
(Reuters) – Tesla Motors Inc said it delivered a record 10,030 cars in the first quarter, a 55 percent increase compared with the number of deliveries in the first quarter of last year.
Activist hedge fund says will not seek to replace Vivendi board
PARIS (Reuters) – U.S. hedge fund P. Schoenfeld Asset Management (PSAM) will stop short of seeking to replace the board of Vivendi at an April 17 shareholders’ meeting, despite opposing the French media group’s stance on shareholder returns.
Futures slump following jobs data disappointment in short session
NEW YORK (Reuters) – U.S. stock index futures fell sharply on Friday after a weaker-than-expected March employment report, in thin trading that nonetheless suggests a weak open for stocks on Monday.
Exclusive: IBM hire advisers to deal with restless investors – sources
NEW YORK/BOSTON (Reuters) – Some top shareholders of IBM, disappointed by 11 straight quarters of falling revenues, are seeking help from activist investors to shake up the company, but have been turned down by both Bill Ackman’s Pershing Square and Je…
ADB plans to co-finance projects with China’s lenders: China Daily
SHANGHAI (Reuters) – The Asian Development Bank (ADB) plans to work with China’s lenders to co-finance Asian projects outside China, ADB vice-president Stephen Groff was quoted on Friday as saying.
Toyota to end expansion freeze, invest $1.3 billion in two new Mexico, China plants: sources
TOKYO (Reuters) – Japan’s Toyota Motor Corp will spend about 150 billion yen ($1.3 billion) to build two new car plants in Mexico and China, two people familiar with plans said, ending a three-year freeze imposed after unchecked growth lumbered the wor…
Some big name fund managers lose money in March as rally stalls
BOSTON (Reuters) – Some of the world’s most prominent hedge fund managers suffered losses last month as the U.S. stock market’s rally stalled, but most are still boasting gains for the quarter.
