By Saqib Iqbal Ahmed NEW YORK (Reuters) -Easing Omicron COVID-19 variant worries and a timely booster shot of Chinese stimulus helped lift riskier currencies on Tuesday with the Australian dollar leading the charge. Global stock markets and oil gained, leaving traders to dump safe-haven currencies and bonds, as markets took confidence from reports in South …
By Nia Williams CALGARY, Alberta (Reuters) – Oil prices climbed by more than 3% on Tuesday, extending the previous day’s rebound of almost 5% as concerns eased further about the impact on global fuel demand of the Omicron coronavirus variant. Brent crude futures settled up $2.36, or 3.2%, at $75.44 a barrel, after Monday’s rise …
Oil rises 3%, extending rally as Omicron fears retreat Read More »
(Reuters) – Meta Platforms Inc said on Tuesday its Messenger head Stan Chudnovsky, who is also leading the integration of the social media network’s messaging apps, will leave the company in 2022. Chudnovsky joined Meta, formerly known as Facebook, over seven years ago as product head for messaging. He was promoted to head Messenger in …
By Sheila Dang (Reuters) – Twitter Inc said on Tuesday it acquired Slack competitor Quill to help the social networking company improve its own messaging tools. The acquisition comes as Twitter recently named a new chief executive Parag Agrawal to replace co-founder Jack Dorsey, who stepped down from the top role last week. Agrawal, who …
Twitter acquires Slack-like company Quill to improve messaging tools Read More »
By Marianna Parraga and Sabrina Valle HOUSTON (Reuters) – A coming transition from oil and gas to renewables will be “messy” for many years and lead to sharp energy price volatility as demand and supply clash, top energy executives said on Tuesday. The World Petroleum Congress, a gathering to discuss the future of oil and …
Oil CEOs raise alarm over market’s readiness to drop fossil fuels Read More »
By Sheila Dang (Reuters) – Twitter Inc will begin overhauling how users report harmful tweets in an effort to make it easier for people to describe what is wrong with the content they are seeing, the social networking site said on Tuesday. The move, which will begin with a small test of Twitter Web users …
Twitter tests overhaul of process to flag harmful tweets Read More »
By Elizabeth Pineau PARIS (Reuters) – Amazon proposed raising book delivery charges in France to around 2 euros from almost nothing if parliament withdrew a bill that would make it more difficult for the e-commerce group to undercut local bookshops, a French senator told Reuters. Senator Laure Darcos said Amazon had made the proposal for …
Exclusive-Amazon offered France deal to have bill protecting bookshops pulled Read More »
By Clare Jim, Scott Murdoch and Andrew Galbraith HONG KONG/SHANGHAI (Reuters) – China Evergrande did not make payments on some U.S. dollar bonds at the end of a month-long grace period, sources familiar with the situation told Reuters on Tuesday, setting the stage for a massive default by the world’s most indebted property developer. Adding …
China’s Evergrande edges closer to default after missing debt deadline Read More »
LONDON (Reuters) – No holders of two bonds issued by China Evergrande Group’s unit Scenery Journey Ltd had received overdue coupon payments as of 1400 GMT on Tuesday, a source familiar with the situation told Reuters. The embattled property giant was due to make semi-annual coupon payments on Monday worth a combined $82.49 million on …
No Evergrande bondholders have received overdue coupon payments – source Read More »
By Alexander Cornwell (Reuters) – Nissan expects global supply chain constraints and the sector-wide semiconductor shortage to continue until at least the middle of 2022, putting pressure on production, the Japanese carmaker’s chief operating officer said on Tuesday. A parts and chip shortage, caused in part by pandemic-driven disruptions in moving freight and an unexpected …
Nissan expects chip, parts crunch to extend until at least mid-2022 Read More »
