(Corrects story published Jan. 27 to show in paragraph 4 that the gap between three- and six-month yields is at steepest since 2018, not 2015) A look at the day ahead from Sujata Rao. The world’s largest economy is predicted to https://www.reuters.com/world/us/us-economy-likely-regained-steam-q4-2021-growth-seen-best-37-years-2022-01-27record GDP growth at a 37-year high of 5.5%, with data due later on…
TOKYO (AP) — Nintendo’s profit for the nine months through December slipped 2.5%, as shortages of computer chips hurt production, the Japanese video game maker behind the Super Mario and Pokemon franchises said Thursday. Kyoto-based Nintendo Co. recorded a 367 billion yen ($3.2 billion) profit for the period, down from 377 billion yen the previous…
BRUSSELS (AP) — NATO Secretary-General Jens Stoltenberg expressed concern Thursday that Russia is continuing its military buildup around Ukraine, and that it has now deployed more troops and military equipment to Belarus that at any time in the past 30 years. More high-level diplomacy was expected in Moscow and Kyiv amid deep uncertainty about Russia’s…
LONDON (AP) — The Bank of England raised interest rates for the second time in three months on Thursday, putting the United Kingdom far ahead of the rest of Europe and the U.S. in moving to tame surging inflation that is squeezing consumers and businesses. The bank’s monetary policy committee voted 5-4 to boost its…
(This Feb 2 story adds dropped word “tech” in headline) By Katanga Johnson WASHINGTON (Reuters) – Global stocks rallied on Wednesday to close higher as strong earnings from U.S. technology companies and OPEC+ plans for moderate oil output helped to counter jitters over weak economic reports. Investors also shrugged off the pace of central banks’…
By Ron Bousso LONDON (Reuters) – Shell again boosted its dividend and share repurchases on Thursday after fourth quarter profits hit their highest in eight years, fuelled by higher oil and gas prices and strong gas trading performance. The strong results cap a year of dramatic recovery for Shell and the oil and gas sector…
By Ron Bousso LONDON (Reuters) – Shell boosted its dividend and share repurchases on Thursday after fourth quarter profits soared to $6.4 billion fueled by higher oil and gas prices and strong gas trading performance. Shell, which moved its headquarters from The Hague to London last month, said it expected to increase its dividend by…
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – The European Central Bank is all but certain to keep policy unchanged on Thursday but could acknowledge that inflation could stay high for longer than it had projected, a signal that some may take as a hint at a faster exit from stimulus. Having extended support…
SAINT-SYMPHORIEN, Belgium (AP) — Scarred by losing tens of millions of lives on their soil in two world wars, many European Union nations have been wary ever since about military spending. Now, as Russian pressure builds at the Ukrainian border, they face a painful reality: Europe remains heavily reliant on U.S. might to deter another…
(Reuters) – Compass Group, the world’s largest catering company, said on Thursday its first-quarter revenue had reached 97% of its pre-pandemic levels, largely boosted by new businesses and strong client retention. The British firm, which serves office workers, students, seniors in old-age homes and armed forces and events attendees across 45 countries, posted an organic…
