McDonald’s ends 2021 strong, but rising costs ding profit
McDonald’s ended 2021 on a high note with U.S. customers spending more and fewer restaurant closures in Europe from coronavirus…
2022
Blackstone Reports Record Fourth-quarter Earnings
By Chibuike Oguh (Reuters) – Blackstone Inc said on Thursday its fourth-quarter distributable earnings rose by 55% to a record…
Dollar Breaks Higher And Shares Fall After Fed’s Powell Strikes Hawkish Tone
By Tommy Wilkes LONDON (Reuters) – Stocks fell on Thursday, U.S. two-year bond yields rocketed to 23-month highs and the…
Analysis-Robinhood Shares Stumble As Trading Frenzy Wanes, Regulators Circle
By Hannah Lang (Reuters) – Robinhood Markets Inc became a household name ahead of its stellar IPO last year, when…
Tata group regains control of debt-laden Air India
NEW DELHI (AP) — Tata Sons, India’s oldest and largest conglomerate, has regained ownership of Air India, the country’s debt-laden…
EU launches WTO action against China over Lithuania dispute
BRUSSELS (AP) — The European Union on Thursday stepped up its dispute with China as it took an economic spat…
Standard Chartered Hires Marisa Drew As Chief Sustainability Officer
LONDON (Reuters) – Emerging markets-focussed lender Standard Chartered said on Thursday it had appointed sustainability veteran Marisa Drew as Chief…
Renault, Nissan to invest $26B in future electric vehicles
TOKYO (AP) — The French-Japanese auto alliance of Renault and Nissan plans to invest 23 billion euros ($26 billion) in…
Renault-Nissan To Do More Together In $26 Billion Electric Bet
By Tim Kelly and Gilles Guillaume TOKYO/PARIS (Reuters) – Renault and Nissan will work more closely together to make electric…
Stocks Drop After Fed’s Powell’s Hawkish Stance
LONDON (Reuters) – Stocks fell on Thursday and U.S. short-term government bond yields rocketed to their highest in 23-months after…