Thursday, 18th, 2024 | 3:53AM Updated

A man counts U.S. dollar banknotes at a currency exchange shop in Beirut, Lebanon
Dollar retreats as profit-taking, falling yields hurt

The U.S. dollar fell to a two-week low against a basket of currencies on Tuesday, as traders booked profits after a strong March and as a fall in Treasury yields from recent peaks put pressure on the U.S. currency.

UniCredit bank logo is seen in Siena, Italy
UniCredit investor Cariverona backs Orcel's pay package -source

UniCredit investor Cariverona is in favour of the pay package the Italian bank has agreed with its new Chief Executive Andrea Orcel, a source at the Italian banking foundation said on Tuesday.

The logo of Aramco is seen as security personnel walk before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran,
Brookfield, BlackRock no longer in race for over $10 billion Aramco pipeline stake -sources

U.S. asset manager BlackRock and Canada's Brookfield Asset Management Inc are no longer in the race to buy a stake in Saudi oil giant Aramco's pipeline business, two sources familiar with the deal said.

A man looks at a Chevrolet Silverado pickup truck during the 2019 New York International Auto Show in New York City, U.S
GM to start making Silverado electric pickups late next year in Detroit: source

General Motors Co is planning to start production of Chevrolet Silverado electric pickup truck late next year at its Detroit-Hamtramck assembly plant, a source familiar with the U.S. automaker's plan said on Tuesday.

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A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken
Crypto market cap surges to record $2 trillion, bitcoin at $1.1 trillion

The cryptocurrency market capitalization hit an all-time peak of $2 trillion on Monday, according to data and market trackers CoinGecko and Blockfolio, as gains over the last several months attracted demand from both institutional and retail investors.

Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City,
Amazon illegally fired employees critical of work conditions, labor board finds

Amazon.com Inc illegally fired two employees who advocated for better working conditions during the pandemic, the U.S. National Labor Relations Board has found.

Mercedes' Formula One World Champion Nico Rosberg of Germany speaks during a news conference as he announces his retirement in Vienna,
Motor racing-Rosberg adapting to a new role as team boss in Extreme E

Nico Rosberg is applying years of Formula One experience to a new role as team owner in the Extreme E electric off-road series that starts up in the Saudi Arabian desert this weekend.

Japan's Prime Minister Yoshihide Suga speaks during a press conference at the prime minister's official residence in Tokyo, Japan
Japan and U.S. aim for chip supply chain deal with PM Suga's visit, Nikkei says

Japan and the United States will cooperate on the supply of critical parts for chips, aiming for an agreement when the leaders of both countries meet later this month, the Nikkei newspaper said on Friday.

A Nomura logo is pictured at the Japanese company's office in the Manhattan borough of New York City, New York, U.S.
Seduced by Archegos' growth, Nomura took a chance on Hwang comeback

U.S. investor Sung Kook "Bill" Hwang was looking for a second chance on Wall Street after falling from grace and shutting his multibillion-dollar hedge fund firm. Japan's Nomura Holdings Inc gave him one.

A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S.
United Airlines to initially hire 300 new pilots as travel demand rebounds

United Airlines on Thursday said it would hire about 300 pilots as travel demand rebounds as a rising number of Americans get COVID-19 vaccination, according to the company's internal memo seen by Reuters.

A JC Penney store is shown in Oceanside, California, U.S.
Exclusive: Athene to take over $2.8 billion in J.C. Penney pension obligations

J.C. Penney Co Inc said on Thursday it has agreed to transfer its pension obligations to annuities provider Athene Holding Ltd, ensuring that the U.S. department store chain's retired employees will continue to get their benefits.

A man counts U.S. dollar banknotes at a currency exchange shop in Beirut, Lebanon
Dollar slides, consolidates recent gains, ahead of U.S. payrolls data

The dollar fell on Thursday, consolidating recent gains that pushed it to nearly three-year highs during the first quarter, but the outlook remained upbeat in the wake of improving economic prospects backed by the Biden government's more than $2 trillion stimulus plan.

The Nike swoosh logo is seen outside the store on 5th Ave in New York, New York, U.S.,
Nike wins halt to sales of Lil Nas X 'Satan Shoes'

A federal judge on Thursday sided with Nike Inc in ordering a Brooklyn company to temporarily stop further sales of "Satan Shoes" it produced in collaboration with the rapper Lil Nas X.

The logo and seal of the Department of the Treasury is seen inside the new United States embassy building is seen during a press preview near the River Thames in London
Big banks win dismissal of U.S. Treasury rigging litigation

A U.S. judge on Wednesday dismissed long-running litigation accusing 10 large banks of conspiring to suppress competition in the now $21.2 trillion market for U.S. Treasury securities.

A logo of Nomura Holdings is pictured in Tokyo, Japan,
Archegos fallout wipes over $9 billion from market value of Credit Suisse, Nomura

Investors on Wednesday tallied more fallout from Archegos Capital’s dramatic meltdown, with Nomura and Credit Suisse shares losing a collective $9 billion in value this week as the market penalized their exposure to the hedge fund.

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