By David Randall NEW YORK (Reuters) – U.S. stocks are drawing buyers after a recent tumble, but some investors believe buying the dip this time may be a far riskier bet than in the past. The benchmark S&P 500 index was recently off around 8.5% year-to-date following a swift rebound from this week’s lows, which…
By Sinéad Carew NEW YORK (Reuters) – Stocks around the world were rebounding on Friday and U.S. Treasuries were out of favor as investors welcomed coordinated Western sanctions on Russia that targeted its banks but not did not block it from a global payments system and left its energy sector largely untouched. Oil prices were…
(Reuters) – U.S chipmaker Nvidia Corp is investigating a potential cyberattack that may have taken parts of its business offline for two days, the Telegraph reported on Friday. Nvidia did not immediately respond to a Reuters request for comment. (Reporting by Eva Mathews in Bengaluru; Editing by Shinjini Ganguli)
By Devik Jain (Reuters) -Wall Street’s main indexes rallied for a second straight session on Friday as investors hunted for bargains at the end of a volatile week sparked by Russia’s invasion of Ukraine, with sentiment also lifted by Moscow’s willingness for talks. Global stocks rebounded, while oil prices fell below $100 a barrel and…
By Dagmarah Mackos and Olivier Cherfan (Reuters) – French car parts maker Valeo said on Friday it expected to report lower core profit margin this year amid geopolitical tensions and inflationary pressures, after 2021 margin missed the group’s target. “Overall, Valeo’s H2/21 results were consistent with the Jan 26 pre-announce, but 2022 guidance was well…
(Reuters) -Dubai’s Emirates could cancel an order for Boeing 777X passenger jets if the model’s entry into service slips beyond the end of 2023, the airline’s president was reported saying. “Honestly, if it goes beyond 2023, and it goes on for another year, we probably cancel the program,” Tim Clark told industry publication AirlineRatings. “What…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices slipped Friday after sharp rises earlier in the session on concern over potential global supply disruptions from sanctions on major crude exporter Russia. The April Brent crude futures contract was down $2.17, or 2.2%, to $96.91 a barrel at 11:41 EST (1621 GMT), after climbing as high…
FRANKFURT (Reuters) – Volkswagen will halt production for a few days next week at two German factories after a delay in getting parts made in Ukraine, a spokesperson confirmed on Friday. The supply chain shortage will affect factories in Dresden and Zwickau, the spokesperson said, confirming a report by DPA. (Reporting by Tom Sims; Editing…
BRUSSELS (Reuters) – Excluding Russia from the global SWIFT system of interbank payments should be an option given the scale of Moscow’s invasion of Ukraine, Dutch Foreign Affairs Minister Wopke Hoekstra said in Friday. “When you see what is happening (in Ukraine) … you have to look at all means possible when it comes to…
WASHINGTON (Reuters) – The trade relationship between the United States and China is “extremely difficult and getting more difficult,” U.S. Trade Representative Katherine Tai said on Friday. Tai said she has been meeting with China since early October to “hold China accountable” to meet its commitments in the Phase 1 trade deal between the two…
