By Tommy Wilkes LONDON (Reuters) – Stocks fell on Thursday, U.S. two-year bond yields rocketed to 23-month highs and the dollar busted out of its recent range after the Federal Reserve stuck to plans for an interest rate rise in March and Chair Jerome Powell warned about inflation. The Euro STOXX fell 0.19% while Germany’s…
By Hannah Lang (Reuters) – Robinhood Markets Inc became a household name ahead of its stellar IPO last year, when retail investors used its trading app to drive shares of GameStop and other “meme stocks” into the stratosphere, but name recognition has not helped its share price lately. “The market is not being very patient…
NEW DELHI (AP) — Tata Sons, India’s oldest and largest conglomerate, has regained ownership of Air India, the country’s debt-laden national carrier. Tata pioneered commercial aviation in India when it launched the airline in 1932. It was taken over by the government in 1953. Tata Sons Chairman N. Chandrasekaran met with Prime Minister Narendra Modi…
BRUSSELS (AP) — The European Union on Thursday stepped up its dispute with China as it took an economic spat over exports from member state Lithuania to the world trade’s governing body and accused Beijing of seeking to undermine the 27-nation bloc’s single market. EU Trade Commissioner Valdis Dombrovskis insisted the European Union was owed…
LONDON (Reuters) – Emerging markets-focussed lender Standard Chartered said on Thursday it had appointed sustainability veteran Marisa Drew as Chief Sustainability Officer, effective July 1. Drew joins from Credit Suisse, where she held a similar role, and is a prominent member of various industry bodies linked to sustainability issues, including the Milken Institute Center for…
TOKYO (AP) — The French-Japanese auto alliance of Renault and Nissan plans to invest 23 billion euros ($26 billion) in electric vehicle technology over the next five years, the companies said Thursday. The alliance, which also includes smaller Japanese automaker Mitsubishi Motors Corp., will share research, auto parts and technology to bring down costs and…
By Tim Kelly and Gilles Guillaume TOKYO/PARIS (Reuters) – Renault and Nissan will work more closely together to make electric cars, they said on Thursday, as they detailed a $26 billion investment plan over the next five years to stay competitive in the switch to cleaner driving. The two-decade old alliance, which also includes Mitsubishi…
LONDON (Reuters) – Stocks fell on Thursday and U.S. short-term government bond yields rocketed to their highest in 23-months after the Federal Reserve stuck to plans for an interest rate increase in March and more policy tightening to curb high inflation. In early trading, the Euro STOXX was down 0.5%, while Germany’s DAX lost 1.21%….
By Paul Sandle LONDON (Reuters) -Britain’s easyJet said the easing of travel restrictions had spurred demand for summer beach destinations such as Greece, Turkey and Spain, giving the airline cause for optimism after the shadow of Omicron lifts. Its chief executive Johan Lundgren said bookings jumped in Britain when restrictions were reduced earlier this month…
BANGKOK (AP) — Australia’s Woodside Petroleum is withdrawing from projects in strife-torn Myanmar, following a similar decision last week by Total and Chevron. Woodside put all its Myanmar activities under review after the military seized power a year ago, deposing the elected government of Aung San Suu Kyi and triggering mass public protests that security…
