MOSCOW (Reuters) – The Moscow Exchange said on Friday it imposed a ban on short selling of euro currency and stock instruments, in a further move by Russian authorities are taking to stabilise its shattered markets. Russian markets took a hit from a range of harsh economic and financial sanctions that the West imposed in …
Moscow Exchange bans short selling of euro instruments Read More »
(Reuters) – Chip company Broadcom Inc forecast second-quarter revenue above Wall Street estimates on Thursday, encouraged by strong demand from enterprise and cloud clients, and the ramp up in 5G technology. A recovery in enterprise spending and increased applications of cloud computing has benefited Broadcom, which supplies chips for data-center storage, servers, networking gear and …
Broadcom forecasts current-quarter revenue above estimates Read More »
(Reuters) – Gap Inc on Thursday forecast annual earnings above estimates, betting on strong demand for jeans and shirts from its Old Navy and Athleta brands as a decline in Omicron cases encourage Americans to venture out more. Shares in the company rose 15% to $16.37 in extended trading. Many U.S. apparel chains have been …
Gap expects strong earnings as apparel demand rebounds, shares jump Read More »
(Reuters) – Wall Street pressed on with measures to freeze investments in Russian securities on Thursday, with investors and regulators announcing new ways to reduce exposure, adding to Moscow’s financial isolation after the invasion of Ukraine last week. BlackRock, the world’s largest asset manager, said it had suspended the purchase of all Russian securities in …
Wall Street pushes on with measures to remove Russian assets Read More »
By Devik Jain and Noel Randewich (Reuters) – Wall Street ended lower on Thursday, with growth stocks including Tesla and Amazon denting the Nasdaq, as the Ukraine crisis kept investors on edge. Tesla dropped 4.6% and Amazon lost 2.7%, both contributing more than any other stocks to the Nasdaq’s steep decline. The S&P 500 growth …
Wall Street ends lower as war in Ukraine stirs uncertainty Read More »
By Stephanie Kelly NEW YORK (Reuters) – There is only one way oil prices are going to fall – by first rising even more. That is the growing consensus among Wall Street analysts, who say there is not enough supply to impede crude prices from their relentless surge. Global benchmark Brent and U.S. crude futures …
Analysis-Want lower oil prices? First you need higher ones Read More »
By Clara Denina and Praveen Menon (Reuters) – Flush with cash after bumper earnings, mining companies straddle a delicate balancing act as they benefit from soaring commodity prices amid the Ukraine-Russia crisis but also potentially face high inflation that could hit short-term demand and slow down growth plans, analysts said. The world’s largest listed miners, …
Mining companies may pause growth plans amid Ukraine war, inflation Read More »
By P.J. Huffstutter CHICAGO (Reuters) – The current rally of U.S. grain and oilseed prices could help bolster American farm incomes this year, as Russia’s invasion of Ukraine roils commodity markets over fears of massive disruption of exports from the Black Sea region, an economist for the Federal Reserve Bank of Chicago said Thursday. But …
U.S. farm incomes could see boost from grain rally – Chicago Fed Read More »
(Reuters) – Chilean retailer Cencosud on Thursday posted a fourth quarter net profit of $249 million, boosted by improved revenues in the countries it operates, which also include Argentina, Peru, Brazil and Colombia. Cencosud, one of the largest firms in the retail sector in South America, reported an overall revenue increase of 16.2% year-on-year to …
Chile’s Cencosud reports Q4 net profit of $249 million Read More »
By John McCrank NEW YORK (Reuters) – The California Public Employees’ Retirement System, the largest U.S. pension fund, said on Thursday it has ceased all transactions in Russian publicly traded equity and has stopped the flow of any new investments into the country due to Russia’s invasion of Ukraine. CalPERS is also assessing its real …
CalPERS says has ceased new investment flows into Russia Read More »
