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Reuters

Description:

Business News & Financial News

URL:

http://www.reuters.com

Catalog:

Economy

Publishes:

166.9 items/day

Analysis: Investors look to prune portfolio risk as Fed hawkishness rules markets

14:44
The Federal Reserve’s hawkish shift is bolstering the case for investors looking to trim risk from their portfolios, as the U.S. central bank trains its guns on surging inflation while giving little indication that it will be swayed by the latest weakness in stocks.

Mastercard profit beats on spending, travel revival

14:44
Mastercard Inc reported a quarterly profit above analysts' estimates on Thursday, as a rise in domestic spending and growth in cross-border volumes following an uptick in international travel drove higher transactions through its cards.

U.S. economy regained speed in Q4, 2021 growth best since 1984

14:44
U.S. economic growth accelerated in the fourth quarter as businesses replenished depleted inventories to meet strong demand for goods, helping the nation to post its best performance in nearly four decades in 2021.

WhatsApp has until end of Feb to clarify privacy policy change, EU says

14:44
Facebook unit WhatsApp has been given until the end of February to explain changes to its privacy policy and whether this complies with EU consumer protection laws after complaints from consumer groups, the European Commission said on Thursday.

Facebook wins conditional EU antitrust nod for Kustomer deal

14:44
Facebook on Thursday secured EU antitrust approval for its acquisition of U.S. customer service startup Kustomer after agreeing to provide rivals free access to its messaging channels for 10 years.

DBS to announce purchase of Citi's Taiwan consumer business -sources

14:44
Singapore's DBS Group will announce on Friday it is to buy Citigroup's consumer finance business in Taiwan, two sources familiar with the matter told Reuters on Thursday.

ECB kicks off climate stress test for banks

14:05
The European Central Bank launched a stress test on Thursday to assess how prepared banks are to deal with potential shocks stemming from climate risk, it said in a statement.

U.S. lawmakers ask Treasury to clarify digital assets -Punchbowl News

14:05
A bipartisan group of U.S. lawmakers has asked the Treasury Department for "clarity to the digital asset ecosystem" after new related reporting requirements were included in last year's $1 trillion infrastructure law, Punchbowl News said on Thursday.

Futures little changed following Fed's hawkish stance

13:27
Wall Street futures treaded water on Thursday, following hawkish comments from the Federal Reserve in the previous session, while attention turned to quarterly results from growth companies and final quarter GDP data.

Comcast cable business, theme park recovery drives quarterly revenue

13:27
Comcast Corp's fourth-quarter revenue beat Wall Street expectations on Thursday, driven by growth in its NBCUniversal division, which saw visitors return to its theme parks.

McDonald's revenue takes a hit from pandemic curbs in China, Australia

13:27
McDonald's Corp missed revenue expectations on Thursday, as dismal sales in its more than 4,500 restaurants in Australia and China due to pandemic-related curbs ate into gains from growth in the United States in the fourth quarter.

Blackstone reports record fourth-quarter earnings

13:27
Blackstone Inc said on Thursday its fourth-quarter distributable earnings rose by 55% to a record high, as the world's largest manager of alternative assets took advantage of rising markets to sell assets for top dollar.

Crypto firm Fireblocks raises $550 mln, company valued at $8 bln

13:27
Fireblocks, a digital asset infrastructure provider, said on Thursday it raised $550 million from institutional investors, making it one of the largest financing rounds in the cryptocurrency sector in the last few years.

Crypto tax firm CoinTracker raises $100 million for expansion

13:27
CoinTracker, which tracks consumers' cryptocurrency taxes and portfolios, said on Thursday it has raised $100 million in funding from a slew of institutional investors and high-net-worth individuals.

Dow profit more than doubles on higher prices

12:51
Dow Inc's fourth-quarter profit more than doubled on Thursday, helped by higher prices for its chemicals as supplies remained tight amid strong demand for its products.
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