FRANKFURT (Reuters) – Greece’s Yannis Stournaras became the first European Central Bank policymaker on Friday to openly call for increasing the pace of ECB bond purchases to stem a rise […]
Asian stocks open higher as Fed's Powell nixes inflation fears
MIAMI (Reuters) – Asian stocks perked up on Thursday after U.S. Federal Reserve Chair Jerome Powell reaffirmed interest rates would stay low, calming market fears that higher inflation might prompt […]
Ruby Tuesday emerges from bankruptcy, shifts focus to delivery-only brands
(Reuters) – Casual dining chain Ruby said on Wednesday it had emerged from bankruptcy, nearly five months after it filed for Chapter 11 protection as restrictions due to the COVID-19 […]
Lowe's backs 2021 slowdown forecast after riding home improvement boom
(Reuters) – Lowe’s Cos Inc on Wednesday backed its expectations for a sales decline in 2021, even after reporting a blow-out fourth quarter by riding on a sustained boom in […]
Nasdaq futures subdued as tech sell-off deepens
(Reuters) – Futures tracking the tech-heavy Nasdaq were muted on Wednesday after sliding for six straight sessions as investors swapped growth-oriented technology shares with stocks that stand to gain the […]
HSBC curbs profit and payout ambitions, bets on Asia wealth
HONG KONG/LONDON (Reuters) – HSBC Holdings PLC on Tuesday abandoned its long-term profitability target, and unveiled a revised strategy focused mainly on wealth management in Asia after the COVID-19 shock […]
Aviva sells French business to Aéma Groupe for $3.9 billion
FILE PHOTO: An Aviva logo on the window of the company’s head office in the city of London, Britain March 7, 2019. REUTERS/Simon Dawson/File PhotoLONDON (Reuters) – Aviva has agreed […]
Explainer: U.S. Treasury's cash drawdown – and why markets care
LONDON (Reuters) – The U.S. Treasury is due to run down a $1.6 trillion bank account at the Federal Reserve as government spending ramps up in the months ahead – […]
Wall Street opens higher as tech finds respite at end of torrid week
FILE PHOTO: American flags hang from the facade of the New York Stock Exchange (NYSE) building after the start of Thursday’s trading session in Manhattan in New York City, New […]
Cryptocurrency Ethereum hits record high, lifted by bitcoin, institutional demand
NEW YORK (Reuters) – Ethereum, the second largest cryptocurrency in terms of market capitalization and volume, hit a record high on Thursday, lifted by growing institutional interest in the space, […]