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Spending drive knocks Spotify shares after Q1 beat
Investing
Oil rebounds from drop on China demand concerns
Investing
FTSE 100 snaps 3-day losing streak; AB Foods slumps on earnings update
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KKR raises $19 billion for flagship North America private equity fund
Factbox – Global edible oil markets simmer after shock Indonesia ban
Date: April 22, 2022
(Reuters) – Indonesia’s ban on palm oil exports shocked global edible oils markets that already reached record high prices this year, and sparked alarm among major importers of the cooking medium. Palm oil is the world’s most widely used vegetable oil and is used in the manufacture of many products including biscuits, margarine, laundry detergents...
Wall Streets sinks, bond yields up as Powell suggests aggressive Fed policy
Date: April 21, 2022
By Pete Schroeder WASHINGTON (Reuters) – Wall Street reversed course and turned negative on Thursday and bond yields surged as Federal Reserve Chairman Jerome Powell suggested the U.S. central bank would move aggressively to curb inflation. Powell said that a half-point interest rate increase will be “on the table” when the Fed meets in May,...
AutoNation gets a bumpy ride as investors worry about U.S. consumers
Date: April 21, 2022
By Joseph White (Reuters) -AutoNation Inc and other brick-and-mortar auto dealerships in the United States turned shortages of new and used vehicles to profitable advantage in the first quarter, but the No. 1 U.S. auto retailer’s shares were volatile Thursday as analysts questioned the outlook for consumer demand. During a conference call Thursday, analysts pressed...
Oil rises on worry about supply disruption from Russia, Libya
Date: April 21, 2022
By Noah Browning LONDON (Reuters) – Oil prices rose on Thursday amid concerns about supply as the European Union (EU) mulls a potential ban on Russian oil imports while the market continues to deal with reduced supplies from Libya. Brent crude futures rose $1.36, or 1.3%, to $108.16 a barrel at 11:11 a.m. ET (1511...
Carrefour shares fall as retailer’s French Q1 sales disappoint
Date: April 21, 2022
PARIS (Reuters) -Shares in Carrefour fell nearly 4% on Thursday after Europe’s largest food retailer reported first-quarter sales that showed a lacklustre performance in its core French market, overshadowing more robust growth in Brazil. The French retailer said on Wednesday it was confident about its 2022 outlook, confirming a key cash flow target for the...
European shares extend gains on upbeat earnings; Anglo American drags miners lower
Date: April 21, 2022
By Anisha Sircar (Reuters) -European shares rose on Thursday following a series of positive earnings updates, while miners dropped more than 2% as Anglo American slumped after slashing its production outlook. The pan-European STOXX 600 firmed 0.5%, rising for a second straight day, with construction and travel shares in the lead. Miners dropped 2.3%, leading...