KYIV (Reuters) – Ukraine’s state stock market regulator on Thursday said it had decided to stop the circulation of all securities in the country, except for operations necessary for the central bank’s monetary policy and the finance ministry’s public debt servicing. The central bank has banned foreign currency purchases on the interbank market and fixed …
Ukraine’s stock market regulator stops securities circulation Read More »
A look at the day ahead in markets from Sujata Rao This is it. Putin has invaded Ukraine. Markets are displaying all the predictable reactions, selling stocks and buying safe-havens. Treasury yields are down 10 basis points, while the Swiss franc and Japanese yen are up as is the dollar index. Gold has surged 2% …
FRANKFURT (Reuters) -Shares in German utility Uniper, which has substantial business in Russia and is one of the financial backers of the Nord Stream 2 gas pipeline, plunged on Thursday after Russian forces fired missiles at several cities in Ukraine. Shares in Uniper, which owns a majority stake in Russian utility Unipro, fell as much …
Uniper shares hit 14-month low after Russian forces launch invasion of Ukraine Read More »
By Kate Holton LONDON (Reuters) -WPP, the world’s largest advertising group, said client demand for campaigns to justify price rises and maintain their recovery from the pandemic would enable it to grow above historic levels and return more cash to investors. The owner of the Ogilvy, Grey and GroupM agencies surpassed forecasts for its main …
Ad group WPP posts 12.1% sales growth as clients spend on recovery Read More »
By Anait Miridzhanian (Reuters) -Europe’s biggest hotel group Accor said on Thursday it was “well on the way” to more normal levels of activity this year after its core earnings swung back to profit in 2021, helped by higher absorption of fixed costs. The travel and hospitality industry is still recovering from the pandemic while …
Hotel group Accor eyes return to normal as demand rebounds Read More »
(Reuters) – Shale oil and gas producer Chesapeake Energy Corp said on Wednesday its quarterly adjusted profit rose 14.5% in the fourth quarter from the third, helped by a surge in energy prices on record demand and supply concerns. Chesapeake, which emerged from bankruptcy at the start of 2021, said its adjusted profit increased to …
Chesapeake Energy reports higher profit on soaring crude prices Read More »
(Reuters) – Booking Holdings Inc said on Wednesday it returned to a profit in the fourth quarter as higher vaccination rates and the holiday season encouraged more people to travel. Pent-up demand and easing COVID-19 curbs have in recent months sparked a surge flight and hotel room reservations despite a temporary setback from the winter …
Booking posts fourth-quarter profit on strong travel demand Read More »
(Reuters) – Brazil hospital chain Rede D’or SA acquired insurer Sulamerica Seguros in a share swap deal, according to a report on Wednesday from local newspaper O Globo. The report said that according to the terms of the deal, both companies will continue to operate independently. (Reporting by Peter Frontini; Editing by Chris Reese)
By Tina Bellon (Reuters) -Hertz Global Holdings Inc on Wednesday said it posted a new record adjusted profit in the fourth quarter as demand for rental cars remained strong, but post-bankruptcy restructuring costs yielded a large net loss. Shares tumbled 8% in after-hours trading after closing the regular session down 4.3%. They later pared those …
Hertz profit rises on ongoing travel rebound, but restructuring costs weigh Read More »
(Reuters) -EBay Inc reported a marginal rise in quarterly revenue on Wednesday, a sign the pandemic-led boom for online shopping was waning, sending the e-commerce platform’s shares down nearly 12%. E-commerce companies have raked in large profits as online shopping boomed during the pandemic, but vaccine rollouts could alter their fortunes as people return to …
EBay quarterly revenue growth disappoints as online demand ebbs Read More »
