Thursday 16 December 2021

Reuters Business: EXCLUSIVE Insurer MetLife postpones U.S. office return to March

EXCLUSIVE Insurer MetLife postpones U.S. office return to March

U.S. insurer MetLife Inc on Thursday told staff it has pushed back plans for U.S. employees to return to the office to March from Jan. 10 previously, a spokeswoman for the company said.

FedEx reinstates 2022 profit target, shares soar

U.S. delivery firm FedEx Corp reinstated its original fiscal 2022 forecast on Thursday, even as persistent labor woes chipped away profits ahead of the peak holiday season when the number of packages it handles often doubles.

EV startup Rivian to build $5 bln plant in Georgia, posts quarterly loss

Amazon-backed electric vehicle startup Rivian Automotive Inc on Thursday said it will build a $5 billion plant in Georgia, its second U.S. assembly plant, as it looks to expand production.

Kellogg reaches another tentative deal with union - Omaha union president

Kellogg Co has reached an agreement on a new contract with the union representing its striking employees at the company's U.S. breakfast cereal plants, days after the workers voted down a prior offer, a local union president said on Thursday.

Nasdaq ends sharply lower as investors dump growth stocks

The Nasdaq ended sharply lower on Thursday as the Federal Reserve's announcement of a faster end to its pandemic-era stimulus pushed investors away from Big Tech and toward more economically sensitive sectors.

Turkish lira hits new low after Erdogan's latest rate cut

The Turkish lira plunged as much as 5.6% to a record low against the dollar on Thursday after the central bank slashed its policy rate in line with an unorthodox economic programme set out by President Tayyip Erdogan.

Dollar steadies after fall triggered by central bank moves

The U.S. dollar steadied on Thursday but was headed toward a second day of losses as markets sorted a raft of central bank policy statements for clues to coming differences in interest rates and support for their economies.

World shares mixed as investors mull cenbank moves

World stocks were mixed on Thursday, with European markets rising after Britain and Norway hiked interest rates and the ECB trimmed its super-sized bond buying program, while global shares struggled to maintain direction a day after the U.S. Federal Reserve sped up the pace of tapering.

Wall Street institutions retreat from office, holiday parties as virus spreads

Wall Street banks and investment firms are retrenching from their push to get staff back to the office with Citigroup Inc , Goldman Sachs Group Inc and Carlyle Group Inc the latest to adjust plans for their staff as the Omicron virus spreads.

End of an era: Airbus delivers last A380 superjumbo

Airbus delivered the final A380 superjumbo on Thursday, to Dubai's Emirates, marking the end of a 14-year run that gave Europe an instantly recognised symbol across the globe but failed to fulfil the commercial vision of its designers.

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