(Reuters) -Mastercard Inc beat quarterly profit expectations on Thursday as domestic spending through its cards rose and cross-border volumes grew following an uptick in international travel. While increased vaccination and easing of pandemic-related curbs powered the recovery in spending, it was slightly dented by a surge in infections from the Omicron variant toward the end…
TAIPEI (Reuters) -Singapore’s DBS Group will announce on Friday it is to buy Citigroup’s consumer finance business in Taiwan, two sources familiar with the matter told Reuters on Thursday. DBS and Citi declined to comment. The sources, who spoke on condition of anonymity as they were not authorised to speak to the media, did not…
WASHINGTON (Reuters) – A bipartisan group of U.S. lawmakers has asked the Treasury Department for “clarity to the digital asset ecosystem” after new related reporting requirements were included in last year’s $1 trillion infrastructure law, Punchbowl News said on Thursday. In a letter dated Wednesday, the group told Treasury Secretary Janet Yellen that part of…
By Chibuike Oguh (Reuters) – Blackstone Inc said on Thursday its fourth-quarter distributable earnings rose by 55% to a record high, as the world’s largest manager of alternative assets took advantage of rising markets to sell assets for top dollar. Private equity dealmaking pushed global mergers and acquisition activity (M&A) to an all-time high in…
By Tommy Wilkes LONDON (Reuters) – Stocks fell on Thursday, U.S. two-year bond yields rocketed to 23-month highs and the dollar busted out of its recent range after the Federal Reserve stuck to plans for an interest rate rise in March and Chair Jerome Powell warned about inflation. The Euro STOXX fell 0.19% while Germany’s…
By Hannah Lang (Reuters) – Robinhood Markets Inc became a household name ahead of its stellar IPO last year, when retail investors used its trading app to drive shares of GameStop and other “meme stocks” into the stratosphere, but name recognition has not helped its share price lately. “The market is not being very patient…
LONDON (Reuters) – Emerging markets-focussed lender Standard Chartered said on Thursday it had appointed sustainability veteran Marisa Drew as Chief Sustainability Officer, effective July 1. Drew joins from Credit Suisse, where she held a similar role, and is a prominent member of various industry bodies linked to sustainability issues, including the Milken Institute Center for…
By Tim Kelly and Gilles Guillaume TOKYO/PARIS (Reuters) – Renault and Nissan will work more closely together to make electric cars, they said on Thursday, as they detailed a $26 billion investment plan over the next five years to stay competitive in the switch to cleaner driving. The two-decade old alliance, which also includes Mitsubishi…
LONDON (Reuters) – Stocks fell on Thursday and U.S. short-term government bond yields rocketed to their highest in 23-months after the Federal Reserve stuck to plans for an interest rate increase in March and more policy tightening to curb high inflation. In early trading, the Euro STOXX was down 0.5%, while Germany’s DAX lost 1.21%….
By Paul Sandle LONDON (Reuters) -Britain’s easyJet said the easing of travel restrictions had spurred demand for summer beach destinations such as Greece, Turkey and Spain, giving the airline cause for optimism after the shadow of Omicron lifts. Its chief executive Johan Lundgren said bookings jumped in Britain when restrictions were reduced earlier this month…
