By Helen Reid and Arunima Kumar (Reuters) – Barrick Gold Corp on Wednesday announced a share buyback of up to $1 billion as the gold miner’s fourth-quarter results beat analysts’ estimates thanks to a lower than expected tax quarter and strong production at its Nevada mines. Barrick’s U.S.-listed shares rose around 5% at the open….
By Susan Mathew and Devik Jain (Reuters) -U.S. stocks were set to open lower on Wednesday after stronger-than-expected retail sales data gave the Federal Reserve more ammunition to tighten policy, while geopolitical tensions over Russian and Ukraine added to caution. Retail sales rose 3.8% in January, data showed, rebounding sharply from the previous month, led…
By Amruta Khandekar (Reuters) -Sage Therapeutics Inc said on Wednesday its drug along with an antidepressant helped improve depressive symptoms after three days in a late-stage study, paving way for the drug developer to submit data for U.S. approval this year. The company and partner Biogen Inc said the drug, zuranolone, met the study’s secondary…
By Mathieu Rosemain PARIS (Reuters) – France’s Atos aims to double its global market share in supercomputing to about 16% by around 2026, one of its executive said, stepping up European competition in a field dominated by the United States and China. The technology and IT consulting firm presented on Wednesday a new generation of…
By Elizabeth Howcroft LONDON (Reuters) -The U.S. dollar fell for a second day on Wednesday as investors became less worried about the risk of Russia invading Ukraine and awaited the release of minutes from the U.S. Federal Reserve’s January meeting. European equity markets were mixed, having rallied on Tuesday after Russia said it would withdraw…
(Reuters) – Canadian e-commerce giant Shopify Inc on Wednesday beat revenue estimates for the holiday quarter, with growth in its online business showing little sign of slowing as more people shop from the comfort of their homes. Revenue for the fourth quarter ended Dec. 31 was $1.38 billion, compared with $977.7 million a year earlier….
HANOI (Reuters) – South Korean electronic components manufacturer Samsung Electro-Mechanics Co Ltd will invest $920 million in a production facility in northern Vietnam, the Southeast Asian country said on Wednesday. The investment will boost the company’s existing production in Thai Nguyen province of printed circuit boards and other phone components, and will raise the company’s…
BERLIN (Reuters) – German carmaker Volkswagen expects a continued hit from a shortage of semiconductors this year, although it should be able to ramp up production in the second half of the year, Chief Executive Herbert Diess said on Wednesday. “The supply situation is getting better, but even in 2022 we will not be able…
By David Lawder WASHINGTON (Reuters) – The United States needs to pursue new strategies and update its domestic trade tools to deal with China’s “state-led, non-market policies and practices”, the U.S. Trade Representative’s office said on Wednesday in a new assessment report. USTR said in its annual report on China’s compliance https://ustr.gov/sites/default/files/enforcement/WTO/2021%20USTR%20Report%20to%20Congress%20on%20China’s%20WTO%20Compliance.pdf with World Trade…
STOCKHOLM (Reuters) – Shares of Ericsson fell 7% on Wednesday after the Swedish telecom gear maker disclosed results of an internal investigation that detailed suspect payments and misconduct in Iraq. The company’s investigation had identified payments made to use alternate transport routes in connection with circumventing Iraqi Customs, at a time when militant organisations, including…
