By Echo Wang (Reuters) – U.S. stocks ended lower on Friday as disappointing earnings from Snap spooked investors and shares in social media and ad tech firms dropped, offsetting gains from card issuer American Express following an upbeat forecast. Still, all three major indexes posted weekly gains despite Friday’s losses with the tech heavy Nasdaq …
Wall Street closes lower as ad tech, social media stocks drop Read More »
By Jonathan Stempel and Sara Merken (Reuters) – T-Mobile US Inc agreed on Friday to pay $350 million and spend an additional $150 million to upgrade data security to settle litigation over a cyberattack last year that compromised information belonging to an estimated 76.6 million people. The preliminary settlement was filed with the federal court …
T-Mobile to pay $350 million in settlement over massive hacking Read More »
By Walter Bianchi BUENOS AIRES (Reuters) – Argentina’s debt sank deeper into distressed territory on Friday, in just the latest week of sour financial news led by a battered currency, highlighting growing doubts about the near-term prospects for Latin America’s third biggest economy. The peso currency hit fresh record lows this week on a daily …
In Argentina, financial risks deepen along with investor jitters Read More »
By Jesús Aguado and Inti Landauro MADRID (Reuters) -Santander has dropped out of the process to buy Citigroup’s Mexican retail bank after having previously submitted a non-binding offer earlier this year. The euro zone’s second-biggest bank by market value has been expanding in emerging economies in search of faster growth than in its core European …
ATHENS (Reuters) – Alpha Bank, one of Greece’s four largest lenders, said on Friday it signed a binding agreement to sell a 400 million euro ($407 million) portfolio of unsecured bad loans to Hoist Finance AB for 34 million euros. The transaction, named project Light, is expected to reduce Alpha Bank’s non-performing exposures (NPE) ratio …
Alpha Bank to sell bad loan portfolio to Hoist Finance Read More »
LONDON (Reuters) – Physical flows of Russian gas through Nord Stream 1 pipeline to Germany remained stable on Friday, while eastbound gas flows via the Yamal-Europe pipeline to Poland from Germany declined, operators’ data showed. On the Nord Stream AG website, physical flows were at 29,191,527 kWh/h for 0700-0800 CET (0500-0600 GMT), compared with levels …
Nord Stream flows stable, Eastbound Yamal flows decline Read More »
By Arathy Somasekhar and Timothy Gardner HOUSTON/WASHINGTON (Reuters) – A tanker carrying a liquid fertilizer product from Russia is about to arrive in the United States, sources and vessel tracking data showed in recent days, at a time of widespread worry that sky-high global fertilizer prices could lead to food shortages. President Joe Biden’s administration …
Fertilizer cargo from Russia heads to U.S. as many worry about food shortages Read More »
By Rajesh Kumar Singh CHICAGO (Reuters) -U.S. carriers are struggling to offset higher costs even as booming travel demand has given them strong pricing power, raising questions about their ability to shield profit once consumer demand softens. Those worries are battering airline shares, taking the focus away from what is shaping up to be the …
U.S. carriers’ cost struggle overshadows travel demand surge Read More »
By Cassandra Garrison MEXICO CITY (Reuters) -The trade union of Telmex, the Mexican telecommunications firm controlled by the family of tycoon Carlos Slim, went on strike on Thursday for the first time in nearly four decades after failing to reach a deal with the company, the union said. Telmex’s 60,000 unionized workers were set to …
Mexican workers at Carlos Slim’s Telmex launch first strike in decades Read More »
By Echo Wang (Reuters) – Wall Street’s main indexes rose on Thursday boosted by a late-afternoon rally and gains in heavyweight growth stocks, including Tesla. The tech-heavy Nasdaq added 1.4% to lead the gains while the S&P 500 closed at its highest level since June 9. The Dow Jones Industrial Average climbed 0.5%. Tesla shares …
Wall Street closes higher boosted by strong Tesla earnings Read More »
