By Shreyashi Sanyal and Johann M Cherian (Reuters) – The Nasdaq index fell on Friday as growth stocks came under pressure after Treasury yields extended gains, while shares of ride-hailing firm Lyft plunged following a downbeat profit forecast. The Nasdaq eyed its first weekly fall this year, while the S&P 500 and the Dow were…
By Tanvi Mehta, Scott Murdoch and Rodrigo Campos NEW DELHI/SYDNEY/NEW YORK (Reuters) – Moody’s downgraded on Friday the ratings outlook for some Adani Group companies, while MSCI said it would cut the weightings of some in its stock indexes, the latest blows for the Indian conglomerate plunged into crisis by a short-seller’s report. New York-based…
OTTAWA (Reuters) -The Canadian economy gained a net 150,000 jobs in January, smashing expectations, while the jobless rate held steady at 5.0%, Statistics Canada (Statscan) data showed on Friday. Analysts surveyed by Reuters had forecast a net gain of 15,000 jobs and for the unemployment rate to edge up to 5.1% in January. Statscan revised…
By Jayshree P Upadhyay, Sarita Chaganti Singh and Devjyot Ghoshal MUMBAI/NEW DELHI (Reuters) -India’s market regulator is investigating Adani Group’s links to some of the investors in the conglomerate’s aborted $2.5 billion share sale, two sources said, amid growing concern in New Delhi about a U.S. short-seller’s allegations against one of the country’s top industrial…
By Takaya Yamaguchi, Kentaro Sugiyama and Yoshifumi Takemoto Tokyo (Reuters) – Japan’s government is likely to appoint academic Kazuo Ueda as the next Bank of Japan governor, two government officials told Reuters, a surprise choice that could see the country finally align with other major economies in raising interest rates. Ueda, a former BOJ policy…
By Takaya Yamaguchi and Kentaro Sugiyama Tokyo (Reuters) – Japan’s government is likely to appoint academic Kazuo Ueda as the Bank of Japan’s next governor, two government officials told Reuters, a surprise choice that could see the country finally aligning with other major economies in raising interest rates. Ueda, a former member of the BOJ’s…
By Takaya Yamaguchi and Kentaro Sugiyama Tokyo (Reuters) -Japan’s government is likely to appoint academic Kazuo Ueda as the Bank of Japan’s next governor, two government officials told Reuters, a surprise choice that boosted the yen as investors bet he could phase out super-low interest rates sooner than expected. Ueda, a former member of the…
(Reuters) – Finnish insurer Sampo on Friday reported a bigger-than-expected drop in fourth-quarter earnings citing challenging capital markets environment, sending its shares falling more than 5%. The group’s profit before tax fell 67% to 390 million euros ($418.43 million) in the quarter, missing analysts’ 553-million-euro estimate in a company-provided poll. Sampo also said it expected…
By David Milliken and William James LONDON (Reuters) -Britain’s economy showed zero growth in the final three months of 2022 – enough for it to avoid entering a recession for now – but faces tough prospects in 2023 as households continue to wrestle with double-digit inflation. Monthly gross domestic product data for December – a…
BERLIN (Reuters) -Adidas flagged that it expects a high single-digit decline in sales this year, sending its shares more than 10% lower in premarket trade early on Friday. The sporting goods maker, which last October put its business partnership with rapper and fashion designer Kanye West under review, said late on Thursday that not selling…
