By Shreyashi Sanyal (Reuters) -European shares climbed on Wednesday, a day after their biggest fall in a month, as speculation mounted the U.S. Federal Reserve might deliver its last interest rate hike, while energy stocks extended declines. The pan-European STOXX 600 index ended up 0.3%, after closing at its lowest level in one month on…
By Tiyashi Datta (Reuters) -Investors dumped shares of Advanced Micro Devices Inc on Wednesday after its earnings report indicated that it was struggling with a PC slump and had failed to gain market share from larger rival Intel Corp in the latest quarter. The stock fell nearly 9%, wiping out more than $12 billion from…
By Ismail Shakil OTTAWA (Reuters) -Canada’s spy agency withheld information about Chinese threats against a Canadian lawmaker and his family in 2021, Prime Minister Justin Trudeau said on Wednesday, adding that he had told the agency that in the future such threats must be revealed immediately. The Canadian Security Intelligence Service (CSIS) had determined that…
By Mark Trevelyan (Reuters) -Russia accused Ukraine on Wednesday of attacking the Kremlin with drones overnight in an attempt to kill President Vladimir Putin – the most serious allegation that Moscow has levelled at Kyiv in more than 14 months of war. President Volodymyr Zelenskiy promptly denied any Ukrainian involvement, telling a press conference in…
(Corrects to say Marriott gets a “big portion”, not “bulk”, of its revenue from outside the U.S. in paragraph 6) By Priyamvada C and Doyinsola Oladipo (Reuters) -Marriott International Inc reported better-than-expected first-quarter results on Tuesday as the U.S. hotel operator benefited from a global rise in occupancy and room revenue led by domestic travel…
By Gabriella Borter and Sharon Bernstein (Reuters) – State legislatures are wrestling with how much to restrict or expand abortion access after the U.S. Supreme Court overturned Roe v. Wade last year. Here is a snapshot of pending and passed legislation seeking to restrict or protect access in 2023, including details on a law that…
NEW YORK (Reuters) -Nvidia Corp short sellers have lost $5.09 billion so far this year as the stock has jumped more than 90%, according to financial data firm S3 Partners. The stock is the No. 1 losing equity short so far in 2023, followed by Apple and Tesla, the firm wrote Wednesday. Apple short sellers…
(Reuters) – Russia’s economy contracted by 2.2% in the first quarter of 2023 in annual terms, the economy ministry estimated on Wednesday, down from growth of 3% in the same period last year. The ministry estimated that gross domestic product (GDP) fell 1.1% year-on-year in March, an improvement on a revised 2.9% drop in February….
WASHINGTON (Reuters) – U.S. Homeland Security Secretary Alejandro Mayorkas will travel to the Texas border with Mexico this week ahead of the lifting of Title 42, the department said in a statement on Wednesday. The trip comes as the COVID-19 health policy known as Title 42 is set to end on May 11 and the…
By Divya Rajagopal TORONTO (Reuters) -Barrick Gold Corp is not interested in bidding for the copper assets of Teck Resources Ltd as there are few synergies between the companies, CEO Mark Bristow said in an interview with Reuters on Wednesday. Bristow’s comments come at a time when Canadian mining company Teck has rebuffed a $22.5…
