By Susan Mathew and Devik Jain (Reuters) -U.S. stocks were set to open lower on Wednesday after stronger-than-expected retail sales data gave the Federal Reserve more ammunition to tighten policy, while geopolitical tensions over Russian and Ukraine added to caution. Retail sales rose 3.8% in January, data showed, rebounding sharply from the previous month, led…
FRANKFURT, Germany (AP) — Europe is contemplating sanctions against Russia if it invades Ukraine — and the work is far from simple. Sanctions would seek to maximize the pain for the Kremlin, its key banks and energy companies but also avoid jeopardizing the continent’s Russian-dependent energy supplies or inflicting too much damage on European companies…
By Amruta Khandekar (Reuters) -Sage Therapeutics Inc said on Wednesday its drug along with an antidepressant helped improve depressive symptoms after three days in a late-stage study, paving way for the drug developer to submit data for U.S. approval this year. The company and partner Biogen Inc said the drug, zuranolone, met the study’s secondary…
NEW YORK (AP) — Fueled by pay gains, solid hiring and enhanced savings, Americans sharply ramped up their spending at retail stores last month in a sign that many consumers remain unfazed by rising inflation. Retail sales jumped 3.8% from December to January, the Commerce Department said Wednesday, a much bigger increase than economists had…
By Mathieu Rosemain PARIS (Reuters) – France’s Atos aims to double its global market share in supercomputing to about 16% by around 2026, one of its executive said, stepping up European competition in a field dominated by the United States and China. The technology and IT consulting firm presented on Wednesday a new generation of…
WASHINGTON (AP) — The United States has accused China of failing to meet its commitments to the World Trade Organization and says it is exploring new ways to combat aggressive Chinese trade practices. In its annual report on Chinese compliance with WTO rules, the Office of the U.S. Trade Representative said Wednesday that China isn’t…
By Elizabeth Howcroft LONDON (Reuters) -The U.S. dollar fell for a second day on Wednesday as investors became less worried about the risk of Russia invading Ukraine and awaited the release of minutes from the U.S. Federal Reserve’s January meeting. European equity markets were mixed, having rallied on Tuesday after Russia said it would withdraw…
(Reuters) – Canadian e-commerce giant Shopify Inc on Wednesday beat revenue estimates for the holiday quarter, with growth in its online business showing little sign of slowing as more people shop from the comfort of their homes. Revenue for the fourth quarter ended Dec. 31 was $1.38 billion, compared with $977.7 million a year earlier….
LONDON (AP) — Inflation in the United Kingdom has risen at the fastest rate in almost 30 years as increased costs for energy, housing and transportation squeezed household budgets. The consumer price index ticked up to 5.5% in the 12 months through January and was up from 5.4% the previous month, the Office for National…
HANOI (Reuters) – South Korean electronic components manufacturer Samsung Electro-Mechanics Co Ltd will invest $920 million in a production facility in northern Vietnam, the Southeast Asian country said on Wednesday. The investment will boost the company’s existing production in Thai Nguyen province of printed circuit boards and other phone components, and will raise the company’s…
