A look at the day ahead in markets from Sujata Rao. Feb 16 was when Russia was meant to invade Ukraine, according to the White House, but Moscow’s signals that it was pulling back some troops massed at Ukraine’s borders lifted Wall Street on Tuesday and fuelled a selloff in safe-haven Treasuries and German Bunds. …
FRANKFURT (Reuters) – Commerzbank on Wednesday announced that board member Sabine Schmittroth would leave the German lender at the end of the year. Commerzbank, which is undergoing a major overhaul involving staff cuts and branch closures, has seen a number of boardroom exits over the past two years. (Reporting by Tom Sims; Editing by Madeline …
Commerzbank says board member Schmittroth to leave bank Read More »
By Philip Blenkinsop BRUSSELS (Reuters) – Heineken cast doubt on its mid-term profit margin target due to the uncertain impact of spiralling inflation on beer consumption, after reporting stronger than expected earnings in 2021 from higher prices and cost savings. The world’s second-largest brewer said on Wednesday the COVID-19 pandemic would still affect 2022 revenue, …
Heineken casts doubt on 2023 margin target as inflation spikes Read More »
By David Morgan, Pete Schroeder and Lindsay Dunsmuir (Reuters) -U.S. Senate action on President Joe Biden’s five nominees to the Federal Reserve stalled Tuesday after Republicans boycotted a key vote over objections to Sarah Bloom Raskin, the White House’s pick to be the central bank’s Wall Street regulator. Senate Banking Committee Chair Sherrod Brown delayed …
Biden’s Fed nominees in limbo after Republican vote boycott Read More »
(Reuters) – Treasury Wine Estates on Wednesday posted a 7.5% drop in first-half profit, hurt by reduced shipments of its Penfolds brand to mainland China after the country slapped tariffs on Australian Wine. The world’s biggest standalone winemaker said net profit attributable fell to A$109.1 million ($78.01 million) in the six months ended Dec. 31, …
Australia’s Treasury Wine first-half profit drops 7.5% Read More »
By Stephen Culp NEW YORK (Reuters) – Wall Street ended sharply higher on Tuesday, as signs of de-escalating tensions along the Russia-Ukraine border fueled a risk-on session. All three major indexes notched solid advances on the day, with market leading tech and tech-adjacent stocks providing the biggest boost and putting the Nasdaq out front. Geopolitical …
Wall Street closes higher as easing geopolitical worries spark broad rally Read More »
(Reuters) -Roblox Corp on Tuesday missed Wall Street estimates for quarterly bookings as the pandemic-driven frenzy for its video games waned, sending shares of the gaming platform down more than 15% in extended trading. Among the world’s most popular gaming sites for children, Roblox emerged as pandemic winner last year when people stuck at home …
Gaming firm Roblox misses quarterly bookings estimates, shares dive Read More »
By David French and Laura Sanicola (Reuters) – EP Energy is exploring a sale of oil-producing acreage in Utah it hopes will avert a challenge from a U.S. antitrust regulator to its agreed $1.5 billion takeover by private equity firm EnCap Investments LP, people familiar with the matter said. The Federal Trade Commission (FTC) has …
Exclusive-U.S. oil producer EP Energy seeks to save deal from regulator -sources Read More »
(Reuters) – ViacomCBS Inc surpassed fourth-quarter revenue estimates on Tuesday as more people subscribed to its streaming platforms and the media giant posted strong advertising sales. The company’s flagship Paramount+ streaming service added 1 million subscribers in just a week in November following the release of family film “Clifford the Big Red Dog”, adult drama …
ViacomCBS beats quarterly revenue estimates on streaming strength Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. producer prices increased by the most in eight months in January amid a surge in the cost of hospital outpatient care and goods such as food and motor vehicles, another sign that high inflation could persist through much of this year. Broadening inflation pressures were underscored by other …
U.S. producer prices accelerate amid broadening inflation pressures Read More »
