Wall Street eyes higher open as banks, megacaps rise

U.S. stock indexes were set for a higher open on Thursday, with all eyes on megacap growth stocks that led a rally in the previous session after Federal Reserve Chair Jerome Powell pointed to a cautious tightening amid the Ukraine crisis.

newspaper

03-03-2022

Palladium scales 7-month peak, gold firms as Ukraine crisis rages on

Palladium raced to an over seven-month peak on Thursday in a rally sparked by concerns over supply from top producer Russia, while a relatively less hawkish Federal Reserve and safe-haven demand due to the Ukraine crisis boosted gold prices.

newspaper

03-03-2022

Twitter expands crowdsourced fact check experiment 'Birdwatch'

Twitter Inc is expanding its crowdsourced fact-checking program by making notes on potentially misleading tweets visible to more people on Twitter, the company said in a blog post on Thursday.

newspaper

03-03-2022

U.S. Q4 productivity growth unrevised at 6.6% annualized rate

U.S. worker productivity rebounded strongly in the fourth quarter, curbing growth in unit labor costs, the government confirmed on Thursday.

newspaper

03-03-2022

IKEA temporarily closes stores in Russia, flags bigger price hikes

IKEA, the world's biggest furniture brand, is closing its stores in Russia and pausing all sourcing in the country and ally Belarus, joining the wave of Western firms curbing business with Russia after its invasion of Ukraine.

newspaper

03-03-2022

Italy's TIM sets out alternative to KKR deal but shares plunge

The new boss of Telecom Italia set out the virtues of his standalone plan as an alternative to a takeover approach from KKR but shares in the company plunged on Thursday after a record loss and a gloomy forecast for this year.

newspaper

03-03-2022

Deals over dividends: Ladbrokes owner Entain saves cash for acquisitions

Entain will use excess cash on acquisitions this year rather than shareholder payouts, the British gambling firm said on Thursday, as it reported higher annual earnings boosted by the popularity of online betting during lockdowns.

newspaper

03-03-2022

Futures edge lower after Wall St rally on easing rate hike fears

U.S. stock index futures eased on Thursday as worries of higher inflation due to surging commodity prices kept investors on edge, while attention shifted to Federal Reserve Chair Jerome Powell's second day of testimony before Congress.

newspaper

03-03-2022

Japan's JAL, ANA cancel or reroute Europe flights due to Ukraine crisis

Japan Airlines Co Ltd and ANA Holdings Inc cancelled all flights to and from Europe on Thursday and cancelled or rerouted flights on Friday as well, citing safety concerns following Russia's invasion of Ukraine.

newspaper

03-03-2022