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Global stock slide on inflation fears, dollar gains

Global stock slide on inflation fears, dollar gains

by Reuters | Feb 26, 2021 | Business, Economy, Europe, UK, US

By Herbert Lash NEW YORK (Reuters) – The Nasdaq recovered as the bond rout retreated on Friday, but most other equity markets swooned around the world as data showing a strong rebound in U.S. consumer spending kept fears of rising inflation alive. Shares of...
Saudi Arabia 2060 Eurobond rises after crown prince spared sanctions

Saudi Arabia 2060 Eurobond rises after crown prince spared sanctions

by Reuters | Feb 26, 2021 | Business, Economy, Europe, Middle East, Politics, US

LONDON (Reuters) – Saudi Arabia’s 2060 Eurobond edged higher on Friday after Crown Prince Mohammed bin Salman was spared U.S. sanctions over the 2018 killing of journalist Jamal Khashoggi. The April 2060 sovereign issue was up more than 0.5 cent, with some...
NYSE starts move to delist Chinese state oil producer CNOOC

NYSE starts move to delist Chinese state oil producer CNOOC

by Reuters | Feb 26, 2021 | Asia, Business, Economy, Politics, US

(Reuters) – The New York Stock Exchange on Friday decided to begin formal delisting of Chinese state oil giant CNOOC Ltd based on an executive order signed by former U.S. President Donald Trump in November last year. The Trump administration moved to prohibit...
Texas power crisis could cripple small marketers, unravel market deregulation

Texas power crisis could cripple small marketers, unravel market deregulation

by Reuters | Feb 26, 2021 | Business, Economy, Environment, Politics, US

By Gary McWilliams HOUSTON (Reuters) – Retail power marketers in Texas are appealing multi-million dollar bills from last week’s blackout that they say could cripple them and unravel Texas’ nearly two-decade-old experiment as the most deregulated...
Nasdaq finishes higher, tech stocks retrace some losses

Nasdaq finishes higher, tech stocks retrace some losses

by Reuters | Feb 26, 2021 | Business, Economy, US

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The tech-heavy Nasdaq index rallied in choppy trading on Friday, even as sentiment remained fragile after the index’s worst performance in four months the day before as fears of rising inflation kept U.S....
Banco do Brasil shares fall on renewed CEO departure bets

Banco do Brasil shares fall on renewed CEO departure bets

by Reuters | Feb 26, 2021 | Business, Economy, Latin America

By Tatiana Bautzer SAO PAULO (Reuters) – Shares in state-controlled Banco do Brasil SA were down more than 5% in late afternoon trading on Friday, as Brazilian media reported that Chief Executive André Brandao may quit. Brazilian newspapers O Estado de S. Paulo,...
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