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Apple announces event on May 7 amid reports of new iPad model launches
(Reuters) -Apple will hold an event on May 7, the company said on Tuesday, amid reports that it would roll out the long-anticipated revamped versions of iPad Pro and iPad Air next month.
Gucci-owner Kering posts 10% drop in Q1 sales on sluggish Chinese demand
PARIS (Reuters) -French luxury group Kering (EPA:PRTP) reported a 10% drop in first-quarter sales on Tuesday, dragged down by a slowdown at its star label Gucci, which suffered from weakness in Asia while undergoing a design overhaul.
Hibbett soars 18% on deal to sell to JD Sports for $1.08 billion
JD Sports Fashion said Tuesday it plans to acquire American athletic fashion retailer Hibbett (HIBB) for approximately $1.08 billion.
Asian stocks tread water with tech earnings, rate cues on tap
Investing.com– Most Asian stocks moved in a flat-to-low range on Tuesday as investors remained on edge ahead of earnings from some of the world’s biggest companies this week, while more cues on U.S. interest rates were also in focus.
Investors turn less bullish on S&P 500 amid inflation, geopolitical risks- Citi
Investing.com– Investors were seen sharply scaling back bullish positions on U.S. stock indexes over the past week, specifically the S&P 500 and the Nasdaq 100, as sentiment was battered by signs of sticky inflation and rising geopolitical tensions, Citi analysts said in a note.
Macquarie's banking unit to stop new car loans to focus on mortgage growth
(Reuters) – Australian financial conglomerate Macquarie Group (OTC:MQBKY) said on Monday its banking and financial services unit will stop new car loans through direct, broker and novated lease channels in a bid to prioritise growth of home loan and deposit offerings.
Australia's Base Resources surges 120% on US takeover deal
Investing.com– Shares of Australian mineral sands miner Base Resources Ltd (ASX:BSE) more than doubled in value on Monday after it entered a deal to be bought by North American peer Energy Fuels (TSX:EFR) Inc (NYSE:UUUU) for an equity value of A$375 million ($241.7 million)
China's state planner warns intensified EV price war on oversupply
SHANGHAI (Reuters) – China\’s state planner expects an intensified price war among automakers of electric cars and plug-in hybrids this year because of overhanging supply, among other issues, the government body said in a statement on Monday.
Stocks rebound, oil and gold retreat on tempered Mideast fears
By Kevin Buckland and Alun John