04 March

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Dow Higher as Energy, Financials Shine; Tech Wreck Continues By Investing.com

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By Yasin Ebrahim Investing.com – The Dow climbed Wednesday, as energy and financials increased on growing expectations for a sooner and stronger than expected reopening, but high-flying tech continued to bleed as investors paused bets on growth. The Dow Jones Industrial Average rose 0.21%, or 65 points. The S&P 500 fell 0.68%, and the Nasdaq Composite fell 2.03%. Energy was up nearly 2%...

04 March

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Huawei CFO’s lawyers say Trump interference should get extradition canceled By Reuters

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By Sarah Berman and Moira Warburton VANCOUVER (Reuters) - Huawei Chief Financial Officer Meng Wanzhou became a bargaining chip in an international trade war after former U.S. President Donald Trump made comments about intervening in her case, a Huawei defence lawyer claimed on Wednesday as he argued to have her U.S. extradition case dismissed. Meng, 49, is accused of misleading HSBC bank...

04 March

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Snap says revenue growth does not depend on more users, engagement By Reuters

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By Sheila Dang (Reuters) - Snap Inc (NYSE:SNAP) Chief Executive Evan Spiegel said Wednesday the tech company expects it can deliver 50% annual revenue growth over several years even without growing its user base or engagement. Spiegel clarified a previous estimate by saying 50% annual revenue growth does not depend on further user or engagement growth, and reflects the "steady...

03 March

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Sunak reprimanded by parliament’s speaker over budget leaks By Reuters

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By William James LONDON (Reuters) - British finance minister Rishi Sunak was reprimanded by Parliament Speaker Lindsay Hoyle for the leaking of significant announcements worth more than 100 billion pounds ($140 billion) ahead of Wednesday's budget. Decisions covering more than that amount in Britain's public finances over the next five years were reported...

03 March

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Businesses Face Pickup in Wages, but Inflation to Remain Modest: Beige Book By Investing.com

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By Yasin Ebrahim Investing.com – Economic growth continued at a modest pace, and businesses are likely to face a pickup in wages over the next several months, but overall inflation will likely remain steady, according to the Fed's Beige Book released Wednesday. The central bank’s Beige Book economic report, based on anecdotal information collected by the Fed’s 12 reserve banks through Feb. 22, showed...

03 March

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UK royals ‘very concerned’ about bullying claims from former staff of Harry and Meghan By Reuters

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By Michael Holden and Paul Sandle LONDON (Reuters) - Buckingham Palace said on Wednesday it was "very concerned" and would investigate allegations in the Times newspaper of bullying made by former staff of Britain's Prince Harry and his wife Meghan. The report comes days before the broadcast of an interview that the couple, the Duke and Duchess of Sussex, have given to...

03 March

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Canada shares lower at close of trade; S&P/TSX Composite down 0.50% By Investing.com

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Investing.com – Canada equities were lower at the close on Wednesday, as losses in the IT, Clean Technology and Healthcare sectors propelled shares lower. At the close in Toronto, the S&P/TSX Composite declined 0.50%. The biggest gainers of the session on the S&P/TSX Composite were Spin Master Corp (TSX:TOY), which rose 9.39% or 3.38 points to trade at 39.39...

03 March

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Supply chain finance: Greensill’s business model By Reuters

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By Abhinav Ramnarayan (Reuters) - SoftBank-backed British fund Greensill Capital is in talks to sell large parts of its business after losing the backing of two asset managers who underpinned parts of its multi-billion dollar supply chain financing model. WHAT IS SUPPLY CHAIN FINANCE? Supply chain financing, often also referred to as reverse factoring, is a method by which companies can...

03 March

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UniCredit to boost board’s diversity, technology skills By Reuters

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MILAN (Reuters) - Italy's No. 2 bank UniCredit plans to appoint more women to its board, including Dame Jayne-Anne Gadhia, the former head of Virgin Money (LON:VM) and founder of open banking fintech Snoop. UniCredit on Wednesday approved a slate of nominees for the board's renewal, saying it wanted to boost diversity and focus on technology and sustainability. The bank is...

03 March

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British supermarkets forgo business rates relief again By Reuters

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LONDON (Reuters) - Britain's big four supermarket groups - market leader Tesco (LON:TSCO), Sainsbury's, Asda and Morrisons - said on Wednesday they would forgo business rates relief granted to them in finance minister Rishi Sunak's budget statement. Sunak extended a year-long business rates exemption for retail, hospitality and leisure businesses to...

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News

Dow Higher as Energy, Financials Shine; Tech Wreck Continues By Investing.com

Huawei CFO’s lawyers say Trump interference should get extradition canceled By Reuters

Snap says revenue growth does not depend on more users, engagement By Reuters

Sunak reprimanded by parliament’s speaker over budget leaks By Reuters

Businesses Face Pickup in Wages, but Inflation to Remain Modest: Beige Book By Investing.com

UK royals ‘very concerned’ about bullying claims from former staff of Harry and Meghan By Reuters

Canada shares lower at close of trade; S&P/TSX Composite down 0.50% By Investing.com

Supply chain finance: Greensill’s business model By Reuters

UniCredit to boost board’s diversity, technology skills By Reuters

British supermarkets forgo business rates relief again By Reuters

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