16 March

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German towns facing Greensill Bank losses band together By Reuters

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FRANKFURT (Reuters) - Some 26 German towns facing 255 million euros ($303 million) in losses are combining forces as they seek to recover funds in the insolvency proceedings of Greensill Bank, a town coordinating the effort said on Tuesday. A German court earlier on Tuesday opened insolvency proceedings for Greensill Bank, owned by Britain's Greensill Capital. The obscure Bremen, Germany-based lender...

16 March

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Roblox Jumps As Stifel Sets $85 Price Target By Investing.com

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By Dhirendra Tripathi Investing.com – Roblox (NYSE:RBLX) shares rose 7% in Tuesday’s session after analysts at Stifel put a ‘buy’ rating on them with an $85 target. The stock has a lower consensus target of $72.50. Roblox made its public debut March 10 with a reference price of $45. The online gaming company commands a market cap of almost $40 billion. Fund manager...

16 March

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S&P 500 Eases From Record High as Tech Fights to Hold Gains Ahead of Fed By Investing.com

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By Yasin Ebrahim Investing.com – The S&P 500 eased from record highs Tuesday paced by a decline value stocks and a retreat in tech as the Federal Reserve's kicked off its two-day meeting. The Dow Jones Industrial Average fell 0.47%, or 147 points, the S&P 500 fell 0.1% after hitting a record high of 3,965.90 and the Nasdaq Composite was up 0.43%, though...

16 March

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Biggest Banks Plan to Distribute Stimulus Payments on Wednesday By Bloomberg

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(Bloomberg) -- The biggest U.S. banks will start distributing stimulus money to eligible Americans on Wednesday morning, following some confusion over when the third round of pandemic transfers would be made available. The banks won’t officially receive any of the cash until 8:30 a.m. in New York on Wednesday, a time selected by the...

16 March

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Analysis: U.S. stimulus should be more boon than bane for struggling Europe By Reuters

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By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) - The Biden administration's $1.9 trillion pandemic recovery package should, on balance, prove a boon for Europe, far outweighing the short-term market turbulence that has already cornered the European Central Bank into printing even more money. The stimulus is forecast to accelerate growth in the world's biggest economy to 6.5% this year and transatlantic...

16 March

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Comic: Dousing the Fire in Chinese Markets By Investing.com

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By Geoffrey Smith Investing.com -- China’s financial markets have been in a funk of late, as the Communist Party grapples with two thorny problems: how to reduce the leverage that has built up in key asset classes as a result of last year’s stimulus, and how to rein in the influence and growing power of its thriving Internet companies. At first sight, these...

16 March

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Mastercard to delay card fee hikes until April next year By Reuters

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(Reuters) - Mastercard (NYSE:MA) Inc has postponed plans for changes in interchange fee until April next year, the payments processor said in an emailed statement on Tuesday. Interchange fee is the charge a merchant pays to the card-issuing bank every time a consumer swipes their card. "Mindful that some merchants are still facing unprecedented circumstances...

16 March

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Recovery in UK bookings unaffected by AstraZeneca setback, airlines say By Reuters

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LONDON (Reuters) - A recovery in UK travel bookings appears undimmed by the suspension of AstraZeneca (NASDAQ:AZN)'s COVID-19 vaccine elsewhere in Europe, airlines said on Tuesday, as the setback threatens to delay immunisation campaigns in affected countries. France, Germany, Italy and 10 other EU states have paused vaccinations with the AstraZeneca shot pending the investigation of unusual cases of cerebral thrombosis in...

16 March

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Google to cut app store fees on developers’ first $1 million in sales by half By Reuters

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(Reuters) - Alphabet (NASDAQ:GOOGL) Inc's Google will cut the service fee that it charges developers on its app store by half for the first $1 million in revenue they earn every year, it said on Tuesday, after a similar move by rival Apple Inc (NASDAQ:AAPL) last year. Both the companies have come under fire from large firms such as Microsoft Corp...

16 March

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Wall Street Opens Mixed as Cold Snap Hits Retail Sales; Dow Down 40 Pts By Investing.com

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By Geoffrey Smith Investing.com -- U.S. stock markets opened mixed on Tuesday, as a weaker-than-expected retail sales report for February cooled the enthusiasm toward beaten-down cyclical stocks, leaving the tech sector to outperform. By 9:35 AM ET (1435 GMT), the Dow Jones Industrial Average was down 42 points or 0.1%, while the S&P 500 was up 0.1% and the Nasdaq Composite was up 0.7%....

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German towns facing Greensill Bank losses band together By Reuters

Roblox Jumps As Stifel Sets $85 Price Target By Investing.com

S&P 500 Eases From Record High as Tech Fights to Hold Gains Ahead of Fed By Investing.com

Biggest Banks Plan to Distribute Stimulus Payments on Wednesday By Bloomberg

Analysis: U.S. stimulus should be more boon than bane for struggling Europe By Reuters

Comic: Dousing the Fire in Chinese Markets By Investing.com

Mastercard to delay card fee hikes until April next year By Reuters

Recovery in UK bookings unaffected by AstraZeneca setback, airlines say By Reuters

Google to cut app store fees on developers’ first $1 million in sales by half By Reuters

Wall Street Opens Mixed as Cold Snap Hits Retail Sales; Dow Down 40 Pts By Investing.com

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