By Toby Sterling AMSTERDAM (Reuters) – A group of institutional investors representing $3.5 trillion in assets under management on Thursday called on pharmaceutical companies to link their executives’ pay to making COVID-19 vaccines available around the globe. While the majority of citizens of wealthy nations are vaccinated and many are now receiving booster shots, across…
By Florence Tan and Naveen Thukral SINGAPORE (Reuters) -Oil prices lost ground on Thursday, falling from their highest levels in more than a month after U.S. fuel stockpiles surged amid declining demand. The global benchmark Brent crude futures fell 63 cents, or 0.8%, to $80.17 a barrel, as of 0727 GMT. U.S. West Texas Intermediate…
BERLIN (Reuters) – Higher demand from abroad drove a bigger-than-expected rebound in German industrial orders in November, data showed on Thursday, in rare good news for manufacturers suffering from supply bottlenecks and labour shortages in Europe’s largest economy. Orders for goods ‘Made in Germany’ rose 3.7% on the month in seasonally adjusted terms after a…
By Scott Murdoch HONG KONG (Reuters) -Banks in Hong Kong are taking steps to lower the number of people at the workplace after operating at near full capacity for the past few months, as the city tightens curbs due to a spike in COVID-19 cases. Bank of America has encouraged its staff to work from…
By David Randall (Reuters) – Another barometer of Federal Reserve hawkishness is making a bigger appearance on investors’ dashboards: quantitative tightening. Minutes from the Fed’s December meeting released on Wednesday showed that officials had discussed shrinking the U.S. central bank’s overall asset holdings as well as raising interest rates sooner than expected to fight inflation,…
By Andrew Galbraith SHANGHAI (Reuters) – Asian shares fell on Thursday, extending a global slump after Federal Reserve meeting minutes pointed to a faster-than-expected rise in U.S. interest rates due to concerns about persistent inflation. Worries over higher U.S. rates combined with growing concerns about the rapid spread of the Omicron coronavirus variant to weigh…
HONG KONG (Reuters) – Bitcoin fell below $43,000 on Thursday, testing multi-month lows after minutes from the Federal Reserve’s last meeting showed it leaning toward more aggressive policy action, which sapped investor appetite for riskier assets. The world’s largest cryptocurrency was last at $42,700, down 1.7%, having lost 5.2% on Wednesday. A break below last…
By Florence Tan and Naveen Thukral SINGAPORE (Reuters) -Oil prices lost ground on Thursday, falling more than $1 a barrel from their highest levels in more than a month after U.S. fuel stockpiles surged amid declining demand. The global benchmark Brent crude futures fell $1.12, or 1.40%, to $79.68 a barrel, as of 0423 GMT….
By Makiko Yamazaki TOKYO (Reuters) – The second-largest investor in Japan’s Toshiba Corp on Thursday called for an extraordinary general meeting, seeking to force the company to win two-thirds support for a three-way breakup plan that has angered some major overseas shareholders. The proposal by Singapore-based hedge fund 3D Investment Partners marks the latest in…
(Reuters) – AT&T Inc’s WarnerMedia and ViacomCBS Inc are exploring a possible sale of a significant stake or all of the CW Network, which they jointly own, the Wall Street Journal reported late on Wednesday. Nexstar Media Group Inc is among the suitors, according to the report, which cited people close to the talks. (Reporting…
