By Tommy Wilkes LONDON (Reuters) – The rebound in share prices took a pause on Thursday as investors geared up for crucial a U.S. inflation report that should offer new clues on the pace of Federal Reserve interest rate hikes. European stocks were mostly higher or unchanged on the day, while U.S. futures pointed to…
MOSCOW (AP) — Britain’s top diplomat urged Russia on Thursday to defuse tensions over Ukraine and take the path of diplomacy even as thousands of Russian troops engaged in sweeping maneuvers in Belarus as part of a military buildup near Ukraine that has fueled Western fears of an invasion. U.K. Foreign Secretary Liz Truss again…
LONDON (AP) — AstraZeneca recorded a big jump in revenue on Thursday as it begins to take a profit from its coronavirus vaccine for the first time. The company recorded full-year revenues of $37.4 billion, an increase of 38% from the year before at constant exchange rates. Part of the boost came from $4 billion…
By Noah Browning LONDON (Reuters) -Oil prices rose on Thursday after rallying on an unexpected drop in U.S. crude inventories in the previous session, as investors awaited the outcome of U.S.-Iran nuclear talks that could add crude supplies quickly to global markets. Brent crude futures rose 34 cents, or 0.4%, to $91.89 a barrel at…
(Reuters) – A California state agency on Wednesday filed a lawsuit accusing Tesla Inc of tolerating discrimination against Black workers at an assembly plant, mirroring claims in several other pending cases against the electric-car maker, the Wall Street Journal reported. California’s Department of Fair Employment and Housing (DFEH) filed a lawsuit in state court which…
IGHRAN, Morocco (AP) — The death of a 5-year-old boy trapped for days in the dark depths of a well symbolizes for many villagers a curse that haunts their remote mountainous region in northern Morocco: dirt poor, neglected and dependent on its illegal cannabis crop to survive. The well that swallowed Rayan was dug by…
By Brenna Hughes Neghaiwi ZURICH (Reuters) -Credit Suisse on Thursday capped a scandal-ridden year with a $2.2 billion quarterly loss and said 2022 earnings would be weighed down by restructuring and compensation costs. Though Switzerland’s second-biggest bank had flagged a large fourth-quarter loss, it was still steeper than expected with analysts pointing to slides in…
BEIJING (AP) — A Chinese real estate developer that is struggling under $310 billion in debt is promising to deliver 600,000 apartments this year, a newspaper reported Thursday, in a show of confidence it can avert collapse and resume normal business. Evergrande Group has left financial markets guessing at its status since the developer warned…
PARIS (AP) — Paris police on Thursday banned road blockades threatened by groups organizing online against COVID-19 restrictions, in part inspired by protesters in Canada. Citing “risks of trouble to public order,” the Paris police department banned protests aimed at “blocking the capital” from Friday through Monday. Police will put measures in place to protect…
A look at the day ahead in markets from Sujata Rao Markets are enjoying a respite of sorts. With 10-year Treasury yields down five basis points from recent highs, the Nasdaq has managed to rebound around 10% from late-January troughs. Europe’s STOXX 600 is opening higher after bumper earnings propelled the index to its best…
