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Markets

Japan Airlines to retire Boeing 777 planes with Pratt & Whitney engines after United incident

TOKYO: Japan Airlines (JAL) said it had retired its fleet of 13 Boeing 777s with Pratt & Whitney engines a year earlier than planned, having suspended operations in February after an engine on a United Airlines plane shed debris. "JAL has decided to accelerate the retirement of all P&W...

Markets

Credit Suisse execs to depart as bank details Archegos losses – sources

Credit Suisse will announce the departure of two senior executives and detail how much it expects to lose through its exposure to family office Archegos in an investor update Tuesday, sources familiar with the matter said.

Markets

Asia shares set to rise after S&P 500, Dow hit records on strong economic data

Asian equities are poised to rise on Tuesday after the S&P 500 and Dow indexes set records as a streak of strong U.S. economic data fueled optimism even as a smaller-than-expected climb in 10-year Treasury notes eased inflation concerns.

Markets

Credit Suisse investment bank head, chief risk officer to depart: sources

Credit Suisse will announce the departure of two senior executives and detail how much it expects to lose through its exposure to family office Archegos in an investor update Tuesday, sources familiar with the matter said.

Markets

SoftBank to take 40% stake in AutoStore for US$2.8 billion

SoftBank Group has agreed to buy a 40 per cent stake in AutoStore for US$2.8 billion, the Norway-based robotics firm said on Monday, from funds affiliated with Thomas H Lee (THL) Partners and other investors.

Markets

SoftBank to take 40per cent stake in AutoStore for US$2.8 billion

SoftBank Group Corp will acquire 40per cent of AutoStore from funds affiliated with Thomas Lee Partners and EQT Private Equity for US$2.8 billion, the robotics company said on Monday.

Markets

Crypto market cap surges to record US$2 trillion, bitcoin at US$1.1 trillion

The cryptocurrency market capitalization hit an all-time peak of US$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.

Markets

Southwest recalls 209 pilots from extended leave as demand recovers

Southwest Airlines has recalled 209 pilots from a voluntary extended leave program to support its summer schedule, the company said on Monday (Apr 5), as airlines prepare for a recovery in demand as more Americans receive COVID-19 vaccines.

Markets

Archegos-linked stocks slide as markets eye more unwinding

Archegos Capital Management’s ill-fated bets weighed on ViacomCBS, Discovery Inc and other media stocks on Monday, and at least one analyst said it remained unclear when banks exposed to the troubled family office would be done selling off their positions in the shares.

Markets

Strong economic data lifts Dow, S&P 500 to record closes

NEW YORK :U.S. stocks rallied on Monday with the Dow and S&P 500 closing at record levels, as a round of strong economic data buoyed investor optimism for the economic reopening and a muted climb in the 10-year U.S. Treasury yield kept inflation worries in check.

Markets

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