Cisco falls on dismal outlook as supply shortage bites

Cisco Systems Inc shares were down 10% premarket on Thursday after the company warned of persisting shortages in components, triggering price target cuts from at least nine brokerages as Wall Street braces for further impact on technology exports due to China's COVID restrictions.

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19-05-2022

U.S. redistricting forces midterm battles between incumbents

(Reuters) -U.S. Representative Lucy McBath has been a rising Democratic star since 2018, when she ended 40 years of Republican dominance in a suburban Atlanta seat.

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19-05-2022

Wall St set to extend selloff as growth fears mount

(Reuters) -U.S. stock indexes were set to open sharply lower on Thursday after the S&P 500's biggest rout this year as investors fretted over the impact of surging inflation on the economy and corporate earnings.

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19-05-2022

Canada's Globalive ties up with Telus for Shaw's wireless business

Canadian investment firm Globalive Capital Inc said on Thursday it has partnered with telecoms company Telus Corp to bid for Shaw Communications Inc's wireless business, Freedom Mobile.

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19-05-2022

U.S. power and natgas prices soar as spring heatwave blankets country

U.S. spot power and natural gas prices soared on Thursday to their highest in over a year in several parts of the country as consumers cranked up air conditioners to escape an early spring heatwave.

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19-05-2022

Grab says worst of pandemic over, forecasts rebound in business

(Reuters) -Grab Holdings Ltd, Southeast Asia's No. 1 ride-hailing and food delivery firm, on Thursday forecast a rebound in its rideshare and food delivery businesses as economies recover from a pandemic-led slump.

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19-05-2022

Indonesia president declares end of palm oil export ban from Monday

JAKARTA (Reuters) -Indonesia will lift its three-week-old palm oil export ban from Monday due to improvements in its domestic cooking oil supply, its president said, a move applauded by farmers amid mounting calls for its removal.

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19-05-2022

Shares slump as retail giants sound stagflation alarm

Heavy falls in European and Asian stock markets followed Wall Street's worst day since mid-2020 on Thursday, as stark warnings from some of the world's biggest retailers underscored just how hard inflation is biting.

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19-05-2022

Exclusive-Major Credit Suisse shareholder calls for new CEO

Credit Suisse should start looking for a new CEO to replace Thomas Gottstein, top-ten shareholder Artisan Partners told Reuters, becoming the first major investor to publicly call for such a move at the scandal-hit Swiss bank.

newspaper

19-05-2022