(Reuters) – The Russian rouble jumped on Wednesday to around a two-year high against both the dollar and the euro, retaining the support of hefty capital controls as the European Union proposed a new package of sanctions against Russia over events in Ukraine. European Commission President Ursula von der Leyen proposed a phased oil embargo …
Rouble jumps to around 2-year high vs dollar, euro as EU ups sanctions Read More »
STRASBOURG (Reuters) – European Union countries will stop importing Russian oil and refined products, the head of the bloc’s executive European Commission said on Wednesday in proposing a sixth round of sanctions against Moscow for waging a war on Ukraine. “We will phase out Russian supply of crude oil within six months and refined products …
EU chief proposes Russian oil ban over war in Ukraine Read More »
(Reuters) -Sampo on Wednesday said it expected claim payment costs to continue to rise this year as the Finnish insurer reported lower first-quarter profits. Sampo also reported a 2.3 percentage point rise in its combined ratio in the first quarter to 83.5%, missing analysts’ consensus estimate of 82.8%. A ratio below 100 means an insurer …
Finnish insurer Sampo expects claim payment costs to rise Read More »
By Tiyashi Datta and Jane Lanhee Lee (Reuters) -Advanced Micro Devices Inc on Tuesday forecast stronger- than-expected full year and second-quarter revenue, with the data center boom boosting demand for its chips, and its shares rose in after-hours trade. “Each of our businesses grew by a significant double digit percentage year-over-year, led by EPYC server …
AMD says data center boom will boost revenue; shares rise Read More »
By Praveen Paramasivam and Hilary Russ (Reuters) -Starbucks Corp’s sales growth missed Wall Street targets on Tuesday as China’s tough COVID-19 curbs dented sales in the country and muddied strong U.S. performance. Comparable sales in China, where the chain has been rapidly expanding in recent years to tap rising coffee consumption, declined 23%, overshadowing 12% …
Starbucks misses sales estimates on China COVID curbs, suspends guidance Read More »
By Julie Gordon and David Ljunggren OTTAWA (Reuters) -Home price growth in Canada is “unsustainably strong” and higher interest rates are needed to moderate demand, a senior Bank of Canada official said on Tuesday, while also noting the inflationary risks of the country’s overheating economy. Senior Deputy Governor Carolyn Rogers, answering audience questions following her …
Higher rates needed to slow housing market demand -Bank of Canada Read More »
WASHINGTON (Reuters) – U.S. Vice President Kamala Harris will host a White House meeting on Thursday with organizers from unions seeking to represent workers at Amazon.com Inc, Starbucks and other employers. The meeting will include Christian Smalls, who heads the Amazon Labor Union, and other grassroots organizers from Starbucks/SEIU, United Paizo Workers/CWA and others, an …
White House to host meeting with key Amazon union organizer -official Read More »
By Tina Bellon (Reuters) -Lyft Inc on Tuesday forecast second-quarter revenue below Wall Street expectations and said it would spend more to increase the supply of drivers, signaling higher costs of getting cars back on the road. Shares fell 25% in after-hours trade. First-quarter active ridership dropped 4.8% from the previous quarter in the first …
Lyft says will spend more to bring back drivers; revenue forecast lags Wall Street Read More »
(Reuters) -Vacation rental firm Airbnb Inc projected second-quarter revenue above market estimates on Tuesday, betting on pent-up demand to drive a strong summer travel season after COVID-19 curbs were eased globally. The San Francisco-based firm expects revenue between $2.03 billion and $2.13 billion, compared with the average analyst expectation of $1.96 billion, according to Refinitiv …
Airbnb bets on strong summer travel to drive revenue growth Read More »
(Reuters) -Elon Musk plans to take Twitter Inc public again in as little as three years of buying the social media company, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Musk has told potential investors he plans to stage an initial public offering to return Twitter to public markets, the …
Elon Musk plans to take Twitter public again later – WSJ Read More »
