First Republic Bank’s shares fell more than 15% in premarket trading on Wednesday as the troubled lender’s plans to turn around its business were scrutinized by investors.
Microsoft Corp shares surged 8% premarket on Wednesday and lifted tech stocks after the company’s robust earnings eased fears of a slowdown in cloud computing and boosted confidence that artificial intelligence will become a major growth driver.
Chinese electric car maker BYD has set the starting price for its Seagull hatchback at 73,800 yuan ($10,658.89), about 6.3% lower than its initial advertised price, its website showed.
Boeing Co said on Wednesday that it planned to ramp up production of its 737 MAX jets to 38 per month by year-end, while backing its annual cash-flow goal, as it tries to reassure investors after manufacturing problems threatened to derail deliveries.
The yuan became the most widely-used currency for cross-border transactions in China in March, overtaking the dollar for the first time, official data showed, reflecting efforts by Beijing to internationalise use of the yuan.
Rogers Communications Inc , missed Wall Street estimates for first-quarter revenue on Wednesday, hit by weakness in its cable business and stiff competition.
CME Group Inc on Wednesday reported higher first-quarter profits, as traders turned to the exchange operator’s products to hedge against market volatility amid a banking crisis and worries over slowing macroeconomic growth.
Ping An Insurance (Group) Co of China Ltd saw a 48.9% rise in first-quarter net profit as its investment income improved, China’s largest insurer by market value reported on Wednesday.
