By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks rallied on Wednesday, with all three major indexes ending up at least 1% as upbeat outlooks from Micron Technology and other companies eased some worries about the health of the economy. In a sign of potential further strength, the S&P 500 also closed above its 50-day …
Wall Street jumps with rosy outlooks from companies Read More »
By Sarah Marsh BERLIN (Reuters) -King Charles spoke on Wednesday of the “enduring value” of the relationship between the United Kingdom and Germany, saying in his first state visit abroad since ascending the throne last year that he would do all he could to strengthen connections. The King was greeted with military honours at Berlin’s …
King Charles visits Germany in first overseas trip as monarch Read More »
By Nandita Bose and Simon Lewis WASHINGTON (Reuters) -U.S. President Joe Biden announced new funding to bolster democracies around the world at a meeting on Wednesday, although dozens of countries were holding back on a summit declaration laying out commitments to democratic principles. Amid criticism his administration has made little progress in advancing human rights …
By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -Global stock exchanges surged on Wednesday as markets took heart from greater stability in the banking sector, but most Treasury yields edged higher as uncertainty lingered and bond investors gauged the impact of rising interest rates on economic growth. The sale of assets in Silicon Valley …
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose against most major peers on Wednesday, reversing some of its recent declines, and gained sharply against the yen, which was volatile as the end of the Japanese fiscal year approaches. The dollar index, which measures the currency against six rivals, was 0.18% higher on the …
Dollar rebounds as banking fears fade; yen falls on quarter-end flows Read More »
NAIROBI (Reuters) – A coalition of international companies, including Google and Microsoft, on Wednesday denounced anti-LGBTQ legislation passed by Uganda’s parliament last week, warning it would damage the East Africa country’s economy. The Open for Business coalition said the legislation, which criminalises identifying as lesbian, gay, bisexual, transgender or queer, would curb investment flows and …
Corporate giants say anti-LGBT law would hurt Uganda’s economy Read More »
By Deep Kaushik Vakil (Reuters) – Gold prices slipped on Wednesday as upbeat equities and a stronger dollar weighed, but declines in safe-haven bullion have been fairly contained so far, signalling lingering worries about the banking sector. Spot gold was trading 0.3% lower at $1,967.29 per ounce by 2:11 p.m. EDT (1811 GMT). U.S. gold …
Gold drops as higher equities, stronger dollar weigh Read More »
BENGALURU (Reuters) – Zee Entertainment Enterprises Ltd and IndusInd Bank Ltd told an Indian tribunal on Wednesday that they have settled a dispute over a loan default, paving the way for the media company’s merger with a local unit of Sony. IndusInd started bankruptcy proceedings against Zee Entertainment late last month over a default of …
India’s Zee Entertainment, IndusInd Bank settle loan default dispute Read More »
By Huw Jones LONDON (Reuters) – Britain’s financial watchdog said on Wednesday it will consult on streamlining its company listing rules to help London compete better with New York in company floats. It said it would consult on replacing its twin-track standard and premium company listing regime with a single regime and set of requirements. …
Britain eyes shake-up in listing rules to attract more company flotations Read More »
By Michael Holden LONDON (Reuters) – The High Court in London should throw out a lawsuit brought by Britain’s Prince Harry and other individuals alleging phone-hacking and other privacy breaches by The Daily Mail and Mail on Sunday as the claims come “too late,” the lawyer for the tabloids’ publisher said on Wednesday. Harry, the …
Daily Mail publisher urges UK court to reject lawsuit by Harry, Elton John Read More »
