Fury as Delhi luxury hotel booked as COVID hospital for court staff

NEW DELHI (Reuters) -Authorities in Delhi ordered a luxury hotel to be converted into a COVID-19 health facility for the exclusive use of high court judges and their families, drawing outrage in a city that has no hospital beds or life-saving oxygen for hundreds of people.FILE PHOTO: A patient suffering from the coronavirus disease (COVID-19) waits to get admitted outside […]

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Archegos hit tops $10B after UBS, Nomura losses

Archegos Capital brings in high-priced legal, public relations talent amid probe of blowup: Sources Sources tell FOX Business’ Charlie Gasparino Archegos hired former SEC enforcement official Carmen Lawrence and veteran PR handler Mike Sitrick. The battering to Wall Street banks from Archegos Capital Management topped $10 billion after UBS Group AG and Nomura Holdings Inc. reported fresh hits caused by […]

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GameStop shares soar after stock offering raises $551M

Chasing GameStop based on retail momentum is not best way to invest: Strategist Wedbush Securities chief technology strategist on GameStop stock  GameStop Corp. shares surged Tuesday after the video game retailer announced the completion of its 3.5 million share sale.  The at-the-market offering raised $551 million before transaction costs. The money will be used to accelerate GameStop’s transformation to an […]

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Finland to end state of emergency as COVID-19 cases drop

Slideshow ( 2 images )HELSINKI (Reuters) – Finland should end its COVID-19 state of emergency as infection rates decline, Prime Minister Sanna Marin said on Tuesday, adding that the issue would go before parliament. “We see that the conditions no longer call for the emergency powers legislation,” Marin said. On April 9, Marin had presented here a plan to relax […]

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German govt lifts 2021 GDP growth forecast to 3.5%, sees 3.6% in 2022

BERLIN (Reuters) – The German government raised its growth forecast for Europe’s largest economy to 3.5% from a previous estimate of 3% as it expects household spending to support the recovery once COVID-19 restrictions are lifted, the economy minister said on Tuesday. Germany is struggling to contain an aggressive third wave of COVID-19 infections as efforts have been complicated by […]

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Analysis: Cashing blank checks- why the bold favor SPACs

NEW YORK (Reuters) – Dimitri Kazarinoff started his first ever earnings call as XL Fleet Corp chief executive last month with a u-turn.FILE PHOTO: A U.S. dollar note is seen in front of a stock graph in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/IllustrationWhen the maker of electrified powertrains for vans and pickup trucks agreed a $1 billion merger […]

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An emerging markets portfolio manager overseeing $6 billion reveals the secret sauce that's helped crush 96% of her peers and return 121% over the last 5 years — and shares 3 stocks to watch

Nordea Asset Management’s Emerging Stars equity fund returned 121% to investors over 5 years. The fund has beaten 96% of its peers over that time period while also making an impact. The portfolio manager shares secret to the fund’s success and 3 emerging market stocks to watch. See more stories on Insider’s business page. Nordea Asset Management’s $6 billion Emerging […]

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European stocks weighed down by UBS' Archegos hit, BP surges

FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 26, 2021. REUTERS/Staff(Reuters) – European stocks were little changed on Tuesday following earnings from blue-chip companies such as HSBC and BP, while UBS become the latest bank to disclose a hit from dealing with U.S. investment firm Archegos. The pan-European STOXX […]

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