By Paresh Dave and Jeffrey Dastin – The United States on Thursday restricted exports to Russia of a broad set of U.S.-made products as well as foreign-produced goods built with …
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Financial News
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Financial News
Fed should lift rates a full percentage point by mid-year -Waller
by Reutersby ReutersBy Ann Saphir -Federal Reserve Governor Christopher Waller on Thursday laid out the case for a “concerted” effort to rein in inflation, calling for raising interest rates a full percentage …
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Financial News
China central bank makes biggest weekly cash injection since Jan 2020
by Reutersby ReutersBEIJING – China’s central bank made the biggest weekly cash injection in more than two years this week to maintain stable liquidity conditions towards the month-end. The People’s Bank of …
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Financial News
U.S. pension fund CalSTRS has investments in Russia, monitors risks to portfolio
by Reutersby ReutersNEW YORK -The California State Teachers’ Retirement System (CalSTRS), the second-largest U.S. pension fund, said on Thursday it had investments in Russia and was monitoring potential risks to its portfolio …
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Financial News
SEC probes Elon Musk, brother Kimbal over Tesla share sales – WSJ
by Reutersby Reuters– The U.S. Securities and Exchange Commission is investigating whether recent stock sales by Tesla Inc Chief Executive Elon Musk and his brother Kimbal Musk “violated insider trading rules”, the …
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Financial News
Volkswagen, top shareholder strike framework deal for Porsche IPO
by Reutersby ReutersBy Christoph Steitz FRANKFURT -Volkswagen and its top shareholder Porsche SE on Thursday fleshed out details of a possible listing of luxury carmaker Porsche, edging closer to what could become …
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By Paul Lienert – General Motors aims to turbocharge its non-vehicle revenue by introducing dozens of new fee-based digital features by 2026, including one enabling a car to predict when …
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Financial News
Exclusive-Sachem Head built stake in Anaplan, may push for changes
by Reutersby ReutersBy Svea Herbst-Bayliss – Hedge fund Sachem Head Capital Management has taken a stake in Anaplan Inc and may decide to press the business planning software company to make changes, …
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Financial News
Japan says it will deal with oil release from reserves in cooperation with IEA, other nations
by Reutersby ReutersTOKYO – Japan said on Friday it will appropriately deal with oil release from national reserves in cooperation with the International Energy Agency and relevant countries, after Russia’s attack on …
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Financial News
MSCI says it won’t make previously flagged changes to Russian securities due to sanctions
by Reutersby ReutersHONG KONG – MSCI will not implement changes for Russian securities that it had previously announced as part of its February review, following U.S. sanctions targeting Russia, the index provider …
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Financial News
Brazil’s Vale maintains ‘positive’ outlook for iron ore, nickel prices
by Reutersby ReutersBy Peter Frontini SAO PAULO -Brazilian miner Vale SA on Thursday said it maintained “positive” expectations for the price of iron ore and nickel in the long term, two of …
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Financial News
World Bank preparing ways to support Ukraine as fallout assessed
by Reutersby ReutersBy David Lawder WASHINGTON -The World Bank said on Thursday it was preparing options to provide immediate support to Ukraine’s government, as the development lender and the International Monetary Fund …
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By Tim Hepher PARIS -French jet engine maker Safran said on Thursday it had enough titanium reserves for several months after increasing stocks of the metal since the start of …
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Financial News
Facebook, Twitter highlight security steps for users in Ukraine
by Reutersby ReutersBy Sheila Dang -Facebook owner Meta Platforms Inc has set up a special operations center to monitor the conflict in Ukraine, and it launched a feature so users in the …
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WASHINGTON/BRUSSELS – The United States and the European Union have opted not to cut Russia off from the SWIFT global interbank payments system as part of their sanctions against Moscow …
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Financial News
Carvana to buy KAR Global’s U.S. vehicle auction business for over $2 billion
by Reutersby Reuters– Online used-car seller Carvana has agreed to buy KAR Global’s vehicle auction business in the United States for $2.2 billion to boost its physical presence and maintain growth as …
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Financial News
Morgan Stanley discloses investigation into block trading business
by Reutersby Reuters– Morgan Stanley said on Thursday U.S. regulators and prosecutors were probing various aspects of the investment bank’s block trading business. The disclosure in a regulatory filing follows reports that …
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Financial News
In already bumpy year, Russia’s attack on Ukraine sets stage for more market swings
by Reutersby ReutersBy Alun John, Samuel Shen and Dhara Ranasinghe LONDON -Russia’s attack on Ukraine sparked volatility and fresh uncertainty in markets on Thursday, as investors scrambled to assess the conflict’s longer …
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Financial News
U.S. hits major Russian banks with sanctions over invasion of Ukraine
by Reutersby ReutersBy Daphne Psaledakis, Simon Lewis and Matt Spetalnick WASHINGTON – The United States on Thursday imposed sanctions on Russia in retaliation for its invasion of Ukraine, targeting its two biggest …
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By Cassandra Garrison MEXICO CITY -Grupo Televisa, Mexico’s largest broadcaster, on Thursday reported an 8.6% dip in net profit in the fourth quarter compared with a year earlier due to …
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Financial News
Dell expects PC backlog to balloon in Q1 amid supply chain snarls
by Reutersby Reuters-Dell Technologies Inc said on Thursday it expects PC backlog to balloon in the first quarter due to supply chain constraints and reported a quarterly profit miss, sending its shares …
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By Ann Saphir, Jonnelle Marte and Lindsay Dunsmuir – Federal Reserve policymakers on Thursday signaled the conflict in Ukraine will not budge them from their expected course of rate hikes …
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By Praveen Paramasivam and Hilary Russ -Beyond Meat Inc forecast annual revenue below estimates on Thursday, hitting its share price, as it faced stiffer competition amid flat demand for plant-based …
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Financial News
U.S. offshore wind bids soar past $3 billion, auction to continue Friday
by Reutersby ReutersBy Nichola Groom -The Biden’s administration’s sale of offshore wind development rights off the coasts of New York and New Jersey surged past all expectations on Thursday to reach more …
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WASHINGTON – World Bank President David Malpass said on Thursday the lender stands ready to provide immediate support to Ukraine amid “shocking violence and loss of life,” and is preparing …