 | | | | The China Securities and Regulatory Commission (CSRC) met this week with executives at top western banks and asset managers to reassure them about the country's economic prospects after regulatory crackdowns in 2021, three people with direct knowledge of the matter said on Friday. | | | | | | Apple Inc'sshares rallied nearly 7% on Friday in its biggest one-day percentage jump in a year and a half after the iPhone maker reported blockbuster results and teased its metaverse ambitions. | | | | | | The United Steelworkers union (USW) rejected a pay increase offered by lead oil company negotiator Marathon Petroleum in talks for a agreement covering U.S. refinery workers, people familiar with the matter said on Friday. | | | | | | Wall Street surged on Friday, notching its best day so far in 2022 after another zigzag session, ending a tumultuous week marked by mixed corporate earnings, geopolitical turmoil and an increasingly aggressive Federal Reserve. | | | | | | Caterpillar Inc topped Wall Street estimates with a fourth quarter revenue increase of more than 20 percent, but the heavy-equipment maker warned operating margins in the current quarter could be hit by higher production and labor costs. | | | | | | Data suggests the economy lost speed heading into the new year amid snarled supply chains and raging COVID-19 infections, while annual inflation increased at a pace last seen nearly 40 years ago. | | | | | | Investors sold U.S. corporate high-yield and investment-grade bonds on Friday, moving in step with weakness in equity markets and in a sign of risk aversion amid worries about a series of interest rate hikes. | | | | | | Argentina's breakthrough agreement with the International Monetary Fund for a $44.5 billion new deal should bolster domestic markets in the weeks ahead, investors and analysts said, though the longer-term outlook remains hazy. | | | | | | Argentina has struck an agreement in principle with the International Monetary Fund over a new $44.5 billion standby deal, both sides said on Friday, a major breakthrough in tense talks to restructure loans the country cannot repay. | | | | | | The Federal Reserve plans to raise interest rates in March on the assumption the U.S. economy will largely steer clear of fallout from the Omicron variant of the coronavirus and keep growing at a healthy clip. | | | | | |
