MOSCOW (Reuters) – Russia’s Federal Antimonopoly Service (FAS) on Thursday said Alphabet’s Google had breached antitrust law related to suspending and blocking accounts on YouTube. Google is waiting for the FAS’ full decision in order to review it, the TASS news agency reported. Google did not immediately respond to a Reuters request for comment. (Reporting…
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…
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…
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…
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…
OSLO (Reuters) – Norway’s largest bank DNB reported a 17% rise in fourth-quarter earnings on Thursday, as expected, and said the reopening of society from coronavirus lockdowns has been a boost to Norwegian businesses. DNB’s net profit rose to 6.16 billion Norwegian crowns ($697.9 million) for October-December from 5.27 billion crowns a year ago, in…
By Kevin Buckland TOKYO (Reuters) – A tech-fuelled global stocks rally cooled in Asia on Thursday as investors took a more cautious posture amid uncertainties around the outlook for inflation and interest rates. World bond yields continued to ease from multi-year highs and the dollar trod water ahead of the closely watched U.S. inflation report…
By Brenna Hughes Neghaiwi ZURICH (Reuters) -Credit Suisse on Thursday posted a fourth-quarter net loss of 2 billion Swiss francs ($2.2 billion), hurt by provisions to settle its investment bank’s legal costs and a slowdown in business for its trading and wealth management divisions. The scandal-ridden lender had flagged a loss in January. For the…
LONDON (Reuters) -Credit Agricole SA beat its 2022 profit target a year early as lower costs for troubled loans and rising revenues across business lines boosted fourth-quarter results beyond consensus, France’s second-biggest listed bank said on Thursday. The lender said it would present a new strategic plan for 2025 on June 22 after underlying net…
