SEOUL, March 24 (Reuters) – South Korea’s LG Energy Solution Ltd (LGES) (373220.KS) said on Friday it would invest 7.2 trillion won ($5.58 billion) to build a battery factory in Arizona, reviving a project paused last year due to adverse economic conditions. The world’s third-ranked electric vehicle battery maker, which supplies Tesla Inc (TSLA.O), Lucid ...

SINGAPORE, March 24 (Reuters) – The dollar was steady on Friday near seven-week lows as nervousness over the banking system kept investors skittish and traders absorbed the Federal Reserve’s hints of a pause to interest rate hikes. The dollar index , which measures the currency against six major rivals, fell 0.019% at 102.56, just above ...

TSX down 0.4%; energy falls 1.8%; financials off 0.7% Bombardier shares rise 2.8% after 2025 targets impress March 23 (Reuters) – Canada’s main stock index fell on Thursday to its lowest closing level in nearly a week as the energy and financial sectors lost ground, while shares of Bombardier Inc (BBDb.TO) rallied after the company’s ...

US shares jump European shares dip as UK, Switzerland and Norway hike rates Dollar stuck near 7-week low after mixed Fed message Oil prices slip in commodity markets NEW YORK, March 23 (Reuters) – Wall Street stocks jumped on Thursday, pushing up global stock indexes, and Treasury yields fell, after investors took comfort that the ...

NEW YORK, March 23 (Reuters) – Berkshire Hathaway’s Warren Buffett has been in discussions with senior Biden administration officials about the banking crisis, leading some to speculate that Buffett would consider investing in the sector following the collapse of Silicon Valley Bank. Buffett has been known to invest during difficult periods for the market, famously ...

MONTREAL, March 23 (Reuters) – Business jet maker Bombardier Inc (BBDb.TO) on Thursday raised 2025 revenue and free cash flow targets at its investor day, and said it would produce more corporate planes, sending shares up 4.9% in morning trade. Corporate jet makers have reported swelling order backlogs on persistent strong demand for private flying ...

Fed drops some hawkish rhetoric Dollar down broadly, euro leads gains SINGAPORE, March 23 (Reuters) – The dollar was under pressure near seven-week lows on Thursday after the U.S. Federal Reserve sounded close to calling time on interest rate hikes, which markets think are more or less over. The Fed raised its benchmark funds rate ...

Treasury Secretary Yellen rules out ‘blanket’ deposit insurance First Republic shares extend losses after Yellen testimony GameStop surges after posting surprise profit Virgin Orbit soars as it resumes operations Indexes down: Dow 1.63%; S&P 500 1.65%; Nasdaq 1.60% NEW YORK, March 22 (Reuters) – Wall Street gyrated to end sharply lower on Wednesday after the ...

NEW YORK, March 22 (Reuters) – U.S. stocks retreated from near two-week highs on Wednesday after the Federal Reserve raised borrowing costs, but signaled that it might be on the verge of pausing future interest rate hikes amid recent turmoil in financial markets. As expected by many investors, the Fed raised interest rates by 25 ...

March 22 (Reuters) – An already widely anticipated U.S. Federal Reserve meeting assumed yet greater significance on Wednesday as investors awaited a signal on whether the recent turmoil in banking made interest rate rises less pressing. Traders are split over whether the U.S. central bank will be forced to pause its hiking cycle as authorities ...