(Reuters) – U.S. stock indexes opened lower on Wednesday as oil prices rose and megacap shares fell, while investors assessed the outlook for U.S. interest rates following calls from policymakers for bigger increases. The Dow Jones Industrial Average fell 58.62 points, or 0.17%, at the open to 34,748.84. The S&P 500 opened lower by 18.51…
(Reuters) -The Russian central bank said on Wednesday that some stock market trading would resume on Thursday after a near month-long hiatus, with 33 securities to be traded on the Moscow Exchange for a limited time and with short selling banned. Trading in blue chips, including state lenders Sberbank and VTB and energy majors Rosneft…
BRUSSELS (AP) — The European Union is looking to the United States to help reduce its reliance on Russian energy and will be discussing major shipments of liquefied natural gas over the next two years during a meeting with President Joe Biden on Thursday. EU Commission President Ursula von der Leyen told EU lawmakers Wednesday…
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said new forms of digital money such as cryptocurrencies and stablecoins present risks to the U.S. financial system and will require new rules to protect consumers. Powell, speaking Wednesday on a panel organized by the Bank for International Settlements, a global organization of central bankers, also said…
By Aftab Ahmed, Aditi Shah and Aditya Kalra NEW DELHI (Reuters) – India has frozen plans to allow local firms to list overseas as it seeks to bolster its own capital markets, government officials and industry sources said, in a blow to foreign funds and stock exchanges seeking to tap into the country’s tech boom….
By Valentina Za and Giuseppe Fonte MILAN (Reuters) -Monte dei Paschi di Siena must submit an updated capital plan to the European Central Bank by end March, the Italian bank said in its 2021 annual report, highlighting that the Ukraine crisis could affect its cash needs. The bank said the war could prompt a revision…
By Eric Onstad LONDON (Reuters) – The London Metal Exchange’s (LME) benchmark nickel surged 15% on Wednesday to hit its upper trading limit, reversing direction and climbing for the first time since trading resumed last week. LME nickel gained 5.5% at the open and hovered at stronger levels for the first few hours of trade,…
BRUSSELS (AP) — The European Union’s executive arm on Wednesday proposed an aid package of 500 million euros ($549 million) to help food producers in the 27-nation bloc weather the economic impact of the war in Ukraine. With Russia and Ukraine providing about 30% of the world’s wheat, the conflict between the neighboring nations has…
By Richa Naidu LONDON (Reuters) -Nestle said on Wednesday it will suspend several brands including KitKat and Nesquik in Russia, days after Ukrainian President Volodymyr Zelenskiy criticised the world’s biggest consumer goods company for continuing to operate in Russia. Nestle has in recent weeks faced backlash from consumers, activist groups and politicians for not fully…
By Brenda Goh SHANGHAI (Reuters) -Revenue at Chinese social media and gaming giant Tencent grew just 8% in the fourth quarter, the slowest pace since it went public in 2004, reflecting regulatory scrutiny that has hurt both its gaming business and advertising sales. China has frozen game approvals since August last year and curtailed gaming…
