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20 May

S&P 500 down 20% from record intraday high of Jan 4

The benchmark S&P 500 was down 20% from its Jan. 4 intraday record peak on Friday as investors sold stocks amid worries about whether the Federal Reserve will be able to effectively combat inflation without causing a recession.

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20 May

Musk denies he sexually harassed flight attendant; Tesla shares sink

(Reuters) -Tesla Inc Chief Executive Elon Musk has denounced as "utterly untrue" claims in a news report that he sexually harassed a flight attendant on a private jet in 2016.

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20 May

Gilinski launches offer for up to 32.5% of Grupo Argos shares

Colombian business magnate Jaime Gilinski has launched a public acquisition offer for shares in industrial conglomerate Grupo Argos, the third company which has recently found itself in Gilinski's sights, the country's financial regulator said.

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20 May

McDonald's Russia franchisees to have option of working under new brand -TASS

McDonald's Corp franchisees in Russia will have the option of working under the new brand that will presented in the near future, the TASS news agency quoted Oleg Paroev, McDonald's Russia's general director as saying on Friday.

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20 May

Wall St rises as growth stocks gain after two days of selloff

U.S. stock indexes rose on Friday led by megacap growth and healthcare shares at the end of a volatile week, roiled by concerns over the impact of rising inflation on earnings and the fallout of rate hikes on economic growth.

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20 May

Dollar selling takes a pause after bruising week

The U.S. dollar recouped some of its losses against the euro on Friday, but remained set for its worst weekly performance against the common currency since early February as investors questioned whether the greenback's month-long rally was done.

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20 May

India's Jet Airways allowed to fly again

India's Jet Airways said on Friday the country's aviation regulator has cleared it to resume operation of commercial flights.

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Latest Articles

  • China receives US equipment to make advanced chips despite new rules - report
  • China receives US equipment to make advanced chips despite new rules-report
  • U.S. Treasury yields have peaked, say strategists for fourth straight month: Reuters poll
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