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January 28, 2022

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Oil rises, headed for sixth weekly gain, amid supply concerns

Reuters
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Towers and smokestacks are silhouetted at an oil refinery in Melbourne June 21, 2010. REUTERS/Mick Tsikas/File Photo Register now for FREE unlimited access to Reuters.com Register Brent, WTI headed toward 7-year-highs hit Thursday Both benchmarks gain 15% so far this year Russia, U.S. keep door open to Ukraine diplomacy China’s......
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U.S., China confer on Ukraine, urge de-escalation and calm

Reuters
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BEIJING/WASHINGTON, Jan 27 (Reuters) – China told the United States on Thursday it wants all sides involved in Ukraine to remain calm and avoid increasing tensions, while Washington stressed de-escalation and warned of the security and economic risks from any Russian aggression. “We call on all parties to stay calm......
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Stellantis set to repay state-backed Italian loan early, sources say

Reuters
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Workers install a flag with the logo of Stellantis, the world’s fourth-largest automaker which starts trading in Milan and Paris after Fiat Chrysler and Peugeot maker PSA finalised their merger, at the main entrance of FCA Mirafiori plant in Turin, Italy, January 18, 2021. REUTERS/Massimo Pinca Register now for FREE......
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EU drug regulator OKs Pfizer COVID pill for high-risk patients

Reuters
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Jan 27 (Reuters) – The European Union’s drug regulator on Thursday gave the green light to Pfizer Inc’s (PFE.N) antiviral COVID-19 pill for treating adults at risk of severe illness, as the region scrambles to boost its arsenal to fight the Omicron variant. The endorsement by the European Medicines Agency......
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As Omicron ebbs, England revives Plan A: living with COVID

Reuters
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Plan B COVID-19 measures expire in England on Thursday Beleaguered PM Johnson bets on boosters and antivirals Omicron’s lower severity and boosters improved outcomes in Jan But experts say endemic COVID may still be common and deadly LONDON, Jan 27 (Reuters) – After an uncomfortable but relatively brief return to......
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Gold falls as hawkish Fed lifts U.S. dollar and yields

Reuters
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Gold products are pictured on display at Korea Gold Exchange in Seoul, South Korea, August 6, 2020. REUTERS/Kim Hong-Ji Register now for FREE unlimited access to Reuters.com Register U.S. two-year Treasury yields at 23-month high Dollar index at six-week high Silver down nearly 2% U.S. weekly initial jobless claims data......
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Stellantis eyes greater stake of GAC JV in Chinese overhaul

Reuters
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The logo of Stellantis is seen in this image provided on November 9, 2020. Communication FCA /Handout via REUTERS/File Photo Register now for FREE unlimited access to Reuters.com Register Stellantis says stake in JV would increase to 75% GAC says no formal agreement agreement signed JV produces Jeep-branded vehicle in......
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Shipper MSC wants lead role in deal for ITA Airways – papers

Reuters
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The MSC logo is pictured on working helmet during a press visit of the MSC Meraviglia class ship at the STX Les Chantiers de l’Atlantique shipyard site in Saint-Nazaire, France, September 2, 2016. REUTERS/Stephane Mahe Register now for FREE unlimited access to Reuters.com Register ROME, Jan 27 (Reuters) – Shipping......
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Finland’s UPM sees headwinds from disrupted supply chains

Reuters
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HELSINKI, Jan 27 (Reuters) – Finnish forestry company UPM said on Thursday it sees headwinds and extra costs ahead from disrupted global supply chains, leaving investors disappointed with its growth expectations for the first half of the year. The pulp, paper and biofuel maker saw its shares sink more than......
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Norway wealth fund earns second-highest return in 2021

Reuters
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A general view of the Norwegian central bank, where Norway’s sovereign wealth fund is situated, in Oslo, Norway, March 6, 2018. REUTERS/Gwladys Fouche/File Photo Register now for FREE unlimited access to Reuters.com Register OSLO, Jan 27 (Reuters) – Norway’s sovereign wealth fund, the world’s largest, earned a return on investment......
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Dubai regulator fines Abraaj founder Naqvi $136 million

Reuters
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Arif Naqvi, founder and Group CEO, Abraaj Capital, and Co-Chair of the Governors Meeting for Investors 2010 attends a session at the World Economic Forum (WEF) in Davos January 27, 2010. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register DUBAI, Jan 27 (Reuters) – Dubai’s financial regulator......
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Spanish bank Sabadell swings to fourth-quarter profit

Reuters
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A woman leaves a Sabadell bank office in Barcelona, Spain, September 7, 2021. REUTERS/ Albert Gea Register now for FREE unlimited access to Reuters.com Register Books 2021 net profit of 530 mln euros, above 403 mln forecast TSB contributes 118 mln euros to 2021 group profit Group expects retiurn on......
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U.S. yields rise, Asian shares and European futures tumble as Powell warns on inflation

Reuters
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Passersby wearing protective face masks walk past a stock quotation board, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan January 25, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register MSCI Asia ex-Japan falls 2%, lowest since Nov. 2020 Powell warns inflation above long-run goal Fed......
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Ackman’s Pershing Square takes new position in Netflix

Reuters
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Bill Ackman, CEO of Pershing Square Capital, speaks at the Wall Street Journal Digital Conference in Laguna Beach, California, U.S., October 17, 2017. REUTERS/Mike Blake/File Photo Register now for FREE unlimited access to Reuters.com Register BOSTON, Jan 26 (Reuters) – Billionaire investor William Ackman has built a new stake in......
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Wall Street, oil up as Fed signals rate hikes could come ‘soon’

Reuters
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Fed says rates could rise ‘soon’ Nasdaq leads U.S. indices higher, up over 2% Oil hits highest level since 2014 WASHINGTON, Jan 26 (Reuters) – U.S. stocks maintained gains Wednesday even after the Federal Reserve signaled an interest rate hike could be coming soon, while tension between Russia and Ukraine......
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Blinken says U.S. responds to Russia’s demands, seeks dialogue

Reuters
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U.S. ambassador delivers reply to Russian Foreign Ministry Kremlin: personal sanctions on Putin would not harm him Russia keeps up pressure with land and sea exercises Four-way talks on east Ukraine drag on in Paris MOSCOW/WASHINGTON, Jan 26 (Reuters) – The United States delivered written replies on Wednesday to sweeping......
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Intel scores major win as court scraps $1.2 bln EU antitrust fine

Reuters
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Jan 26 (Reuters) – Intel on Wednesday won its fight against a 1.06-billion-euro ($1.2 billion) EU antitrust fine that the U.S. chipmaker was handed 12 years ago for stifling a rival, in a major setback for EU antitrust regulators. The judgment by Europe’s second-top court in support of Intel’s arguments......
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French power output reduced by ongoing strike

Reuters
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A banner is seen on a fence at France’s oldest Electricite de France (EDF) nuclear power plant near the eastern French village of Fessenheim, France February 20, 2020. The banner reads: “No! To closing Fessenheim”. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register PARIS, Jan 26 (Reuters)......
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Italian CEOs’ Putin call exposes European discord

Reuters
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Russian President Vladimir Putin speaks over the phone with Turkish President Tayyip Erdogan while he inspects the work on the Turkish Stream gas pipeline project aboard the Pioneering Spirit pipeline-laying ship in the Black Sea near Anapa, Russia, June 23, 2017. Sputnik/Mikhail Klimentyev/Kremlin via REUTERS Register now for FREE unlimited......
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Nasdaq futures jump 2% after Microsoft’s strong forecast; Fed decision looms

Reuters
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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 25, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Microsoft, Texas Instruments climb on strong outlook All eyes on Fed’s policy decision at 2 p.m. ET Futures up:......
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