Global markets live: U.S. banks, Blackstone, Tesla…

In North America, Canadian group CPR is going to buy American group Kansas City Southern in the rail sector. Semiconductor shortages continue, as do debates over Tesla's valuation. Credit Suisse is considering splitting its asset management arm. Finally, Washington seems to want to get tough on environmental targets.

 

 

*U.S. banking stocks suffered on Friday after the Fed's decision not to extend the "additional leverage ratio" exemption, which may lead to capital replenishment needs.

*Canadian Pacific Rail will buy Kansas City Southern at $275 a share, a bill in the range of $25 billion.

*Credit Suisse's CEO is considering a spin-off of the Swiss bank's asset management business.

*The US SEC wants to get tough with US oil companies on emissions targets.

*Renesas warns of further semiconductor shortages after a fire at one of its sites.

*Saudi Arabian Oil (Aramco) suffers a 44% drop in 2020 earnings due to falling oil prices.

*Roche Holding sees positive results with Tecentriq for lung cancer.

*Blackstone proposes to buy Crown Resorts at AUD 11.85 per share, or a price of $6.2 billion.

*Cybersecurity company KnowBe4 on track for an IPO in New York.

*Deliveroo sets its London IPO price in the range of GBp 390-460.

*Tesla car data will remain confidential, assures Elon Musk in Beijing. On the other hand, Cathie Wood (Ark Invest) sees Tesla shares reaching $3,000 by 2025.