Business

Dollar oscillates as market digests U.S. inflation data, ECB

The dollar index was down slightly on Thursday in a choppy session in which it alternated between losses and gains as investors digested elevated U.S. inflation data and commentary from the European Central Bank. After adopting a wait-and-see attitude all week, sucking volatility from the market and leaving major currencies mostly range-bound Thursday’s news appeared […]

Business

Mogul Diller says ViacomCBS, Comcast don’t need deals to succeed

ViacomCBS Inc (VIAC.O) and Comcast Corp (CMCSA.O) can succeed without acquiring other businesses, IAC (IAC.O) Chairman Barry Diller said during a Reuters Newsmaker event Thursday. The media and Internet mogul, who helped found Fox Broadcasting Company, described competing with Netflix (NFLX.O), which would require significant investment, a “fool’s errand” at this point. “But can you […]

Business

IDBI Bank ATM Withdrawal, Deposit, Cheque Rules, Charges to Change from Next Month

IDBI Bank has recently revised the charges for depositing cash and cheque books. Customers of IDBI Bank will get five free transactions while depositing cash in their savings bank accounts. The rule will be applicable for both the semi-urban and rural branches. For super savings plus accounts, the free transactions in semi-urban and rural areas […]

Business

Volkswagen U.S. CEO meets with EPA administrator on EVs

Volkswagen AG’s (VOWG_p.DE) top U.S. executive met with the head of the Environmental Protection Agency on Thursday to talk about electric vehicles and the push toward cleaner cars as the Biden administration works to revise vehicle emissions rules. Scott Keogh, president and chief executive of Volkswagen Group of America, spoke with EPA Administrator Michael Regan […]

Business

Asian shares in tight range ahead of U.S. CPI, ECB meeting

Asian shares edged higher but held their recent trading range on Thursday as investors focussed on U.S. inflation data and the risk of an upside surprise that could prompt the Federal Reserve to start tapering its massive stimulus. In early European trades, the pan-region Euro Stoxx 50 futures added 0.52% and German DAX futures rose […]

Business

Eli Lilly memo says firm did not make false statements to FDA

A week before Eli Lilly (LLY.N) disclosed to regulators that the U.S. Justice Department was investigating its New Jersey factory, the drugmaker told employees that its own inquiry, led by an outside law firm, found no evidence of wrongdoing there. On April 8, a group of employees filed an anonymous complaint internally alleging that an […]

Business

GameStop falls 27% on potential share sale, other ‘meme stocks’ falter

Shares of GameStop Corp (GME.N) lost more than a quarter of their value on Thursday and other so-called meme stocks also declined in a sell-off that hit a broad range of names favored by retail investors. The video game retailer’s shares closed down 27.16% at $220.39, their biggest one-day percentage loss in 11 weeks. The […]