By Jeff Mason WASHINGTON (Reuters) -The United States on Wednesday imposed sanctions on the company in charge of building Russia’s Nord Stream 2 gas pipeline, expanding penalties on Moscow after it recognized two breakaway regions in eastern Ukraine. The sanctions, which target the Nord Stream 2 AG company and its CEO, Matthias Warnig, add to…
(Reuters) – Asia-focused insurer AIA Group said on Thursday it would sell its Australian savings and investments business to local life insurance firm Resolution Life Australasia, noting it is “non-core” to its strategy. AIA did not disclose a deal value for the sale, but said the business holds about A$8 billion ($5.77 billion) in funds…
(Reuters) -Booking Holdings posted quarterly profit and revenue above market expectations on Wednesday and said it is seeing an uptick in bookings, driven primarily by a recovery in cross-border travel within the European region and North America. Pent-up demand and easing COVID curbs have in recent months sparked a surge in flight and hotel room…
By Shrutee Sarkar BENGALURU (Reuters) – The Bank of Canada will raise interest rates by 25 basis points on March 2, earlier than previously thought and ahead of the U.S. Federal Reserve, according to economists surveyed in a Reuters poll, which also showed expectations that rates will be higher by year-end than previously thought. Just…
By Ann Saphir (Reuters) -San Francisco Federal Reserve Bank President Mary Daly said on Wednesday she expects the U.S. central bank will need to raise rates at least four times this year, and likely more, to stop high inflation from getting worse. “There is broad agreement that inflation is too high and the policy rate…
NEW YORK (Reuters) -JPMorgan is reviewing the impact that newly imposed U.S. sanctions on Russian sovereign debt may have on its emerging market bond indexes, a source familiar with the matter said. The U.S. government broadened restrictions on trading of Russian government debt on Tuesday in a bid to punish Moscow for ratcheting up its…
By Jamie Freed SYDNEY (Reuters) -Qantas Airways Ltd on Thursday posted a steeper A$1.28 billion ($925.57 million) first-half underlying loss before tax during a period hard-hit by domestic and international border closures but said the outlook was improving as restrictions eased. The underlying loss before tax in the six months ended Dec. 31, the airline’s…
By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil Corp said on Wednesday its global staffing fell by 9,000 people last year amid cost-reduction efforts after the Covid-19 pandemic battered energy demand and prices. The U.S. largest oil producer has been slashing costs and debt to boost cash returns to shareholders. In 2021, Exxon posted its…
(Reuters) -EBay Inc reported a marginal rise in quarterly revenue on Wednesday, a sign the pandemic-led boom for online shopping was waning, sending the e-commerce platform’s shares down nearly 12%. E-commerce companies have raked in large profits as online shopping boomed during the pandemic, but vaccine rollouts could alter their fortunes as people return to…
(Reuters) -Citigroup Inc has asked vaccinated employees in all U.S. locations to start returning to the office from the week of March 21, according to an internal memo on Wednesday that was seen by Reuters. Staff will be working from the office for at least two days a week, the memo said. “Although COVID-19 may…
