Reuters US Business

By Yoruk Bahceli LONDON (Reuters) -Investment banks brought forward their calls on European Central Bank interest rate hikes after a hawkish turn from the ECB that opened the door to the possibility of increased borrowing costs this year. With euro zone inflation at a record high in January, ECB President Christine Lagarde declined to repeat …

Banks expect ECB rate at 0% by year-end after hawkish turn Read More »

(Reuters) – Southwest Airlines Co will resume alcohol sales on its flights this month after nearly two years, the Texas-based carrier said on Thursday, a pause it extended last year due to a surge in in-flight disruptions by passengers. U.S. airlines during the COVID-19 pandemic had mostly suspended in-flight services on domestic flights to avoid …

Southwest Airlines to bring alcohol back on planes after nearly two years Read More »

By David Randall NEW YORK (Reuters) – Diverging earnings from megacap growth stocks are fueling wild swings in equities, opening the door for more volatility on the heels of last month’s sharp drop as investors grow more discerning in the names they pick. Many market participants hoped that earnings from the big, tech-focused stocks that …

Earnings whiplash points to more volatility for U.S. markets Read More »

(Corrects 13th paragraph of Feb 3 article to say Elie Girard departed, not that he was ousted) By Mathieu Rosemain and Julien Ponthus PARIS (Reuters) – The French government holds the final keys to any move to buy the BDS cybersecurity division of France’s Atos, industry sources and analysts said, after French defence company Thales …

Atos’ M&A prospects hang in the balance of French government Read More »

A look at the day ahead in markets from Sujata Rao. Misfortunes don’t come singly, so the idiom goes, and markets are being whiplashed by a whole slew of negatives, that could see this month turn again into the nightmare that was January. For now, stocks are attempting to claw their way higher, after a …

Marketmind: Troubles come in threes…or more Read More »

(Reuters) -France’s Vinci expects net income this year to exceed its pre-pandemic level in 2019, helped by a recovery in its airports arm that should bring those earnings close to breakeven. Although earnings in 2021 were more than double those in 2020, the infrastructure group’s annual net income last year was still about 20% below …

Gatwick-owner Vinci sees 2022 profit surpassing pre-pandemic levels Read More »

By Eva Mathews and Nivedita Balu (Reuters) -Mark Zuckerberg lost $29 billion in net worth on Thursday as Meta Platforms Inc’s stock marked a record one-day plunge, while fellow billionaire Jeff Bezos was set to add $20 billion to his personal valuation after Amazon’s blockbuster earnings. Meta’s stock fell 26%, erasing more than $200 billion …

All in a day: Zuckerberg loses $29 billion, Bezos set to pocket $20 billion Read More »

By Ahmad Ghaddar and Alex Lawler LONDON (Reuters) – After a month in which oil prices surged 15% and geopolitical tensions seethed around the world, OPEC and its allies took a record-quick 16 minutes to decide that they would stick to their previously planned output increase. Apparently, there were no lengthy discussions at Wednesday’s meeting …

Analysis-OPEC+ meets quickly, sticks to script, dodges debate on geopolitics Read More »