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(Reuters) – The Russian rouble weakened on Thursday, driven by expectations that Russia may relax its temporary capital control measures further, while stocks fell as the country continued what it calls “a special military operation” in Ukraine. The Russian central bank is considering easing requirements for mandatory foreign currency revenue sales by export-focused companies, business …

Russian rouble falls with capital control measures in focus Read More »

(Reuters) -Federal Reserve Governor Christopher Waller on Wednesday said the U.S. central bank needs to raise rates aggressively to fight inflation, but not so abruptly as to stress markets, destroy jobs and push the economy into recession. “I don’t see value in trying to shock the markets; we are not in a Volcker kind of …

Fed’s Waller: need fast rate hikes, but not a Volcker moment Read More »

(Reuters) – TD Bank Group will offer eligible employees a 3% increase to their base pay or a one-time cash reward effective July 1, Chief Executive Officer Bharat Masrani said in an internal memo on Wednesday. The move comes as the latest in a series of salary hikes by top banks, as they rush to …

Canada’s TD Bank to offer salary hikes, one-time cash rewards to employees Read More »

By Stephen Culp NEW YORK (Reuters) – Wall Street rallied to end sharply higher on Wednesday, powered by a recovery in interest-sensitive growth stocks as investors digested hot inflation data and a mixed bag of quarterly results. Falling U.S. Treasury yields helped the tech-heavy Nasdaq lead all three major U.S. stock indexes higher, with semiconductors …

Wall Street surges in growth stocks rally; earnings season opens Read More »

(Reuters) – Rent the Runway on Wednesday reported a 91% jump in fourth-quarter revenue, beating Wall Street estimates. The company reported revenue of $64.1 million, above estimates of $63.22 million, according to IBES data from Refinitiv. (Reporting by Akash Sriram in Bengaluru; Editing by Maju Samuel)

By Nichola Saminather TORONTO (Reuters) -Canada’s biggest banks said on Wednesday they will raise their prime lending rate by 50 basis points to 3.2%, a two-year high, following the Bank of Canada’s benchmark rate hike, moves that could rein in the country’s red-hot housing markets. The country’s four biggest banks – Royal Bank of Canada, …

Canada’s biggest banks raise prime rates to 3.2% after central bank hike Read More »

(Reuters) – Alphabet Inc’s Google said on Wednesday it plans to invest about $9.5 billion across its U.S. offices and data centers this year, up from $7 billion last year. Google said the investment will create at least 12,000 full-time jobs in 2022 and focus on data centers in several states including Nevada, Nebraska and …

Google to invest $9.5 billion in U.S. offices, data centers this year Read More »

By Lisa Barrington and Farah Master DUBAI/HONG KONG (Reuters) – It’s been the subject of quiet speculation among diplomats and executives for years, but now global casino bosses are setting their sights on a once improbable prize: gambling in the United Arab Emirates Ras Al Khaimah (RAK), one of the smaller and lesser-known of the …

Vegas, Macau…Dubai? Global casinos raise bets on gambling in the Gulf Read More »

(Reuters) – The Russian rouble stabilised near 80 per dollar on Wednesday and stock indexes were up slightly, losing momentum after weeks of jittery trade. Russian actions in Ukraine, which Moscow calls “a special military operation”, remained in focus, along with a risk of new western sanctions and expectations that the economy is heading for …

Rouble steadies near 80 vs dollar, stocks inch higher Read More »

(Reuters) – Brazilian software company TOTVS said on Tuesday its board approved the creation of a joint venture with Itau Unibanco to be called TOTVS Techfin, aiming to operate a digital platform of financial services for small and medium companies. In a securities filing, the company added that Itau Unibanco undertook to pay TOTVS up …

Brazil’s TOTVS creates joint venture with Itau Unibanco Read More »