Monday, 7 February 2022

Reuters Business: Macquarie posts 'record' quarter on improved overall market conditions

Macquarie posts 'record' quarter on improved overall market conditions

Australian financial conglomerate Macquarie Group said on Tuesday quarterly profit contribution from its market-facing businesses rose substantially, fuelled by higher demand for natural gas and oil.

Frontier to buy Spirit Airlines in $2.9 bln budget carrier deal

Budget carriers Frontier Group Holdings and Spirit Airlines Inc on Monday unveiled plans to create the fifth-largest U.S. airline in a $2.9 billion tie-up likely to tighten competition against traditional carriers.

EXCLUSIVE Canada's Crescent Point looks to sell some oil and gas assets -documents

Canadian oil and gas producer Crescent Point Energy Corp is looking to sell some of its assets in Alberta and Saskatchewan that could fetch around C$500 million ($394 million), according to an industry source and marketing documents seen by Reuters on Monday.

Take-Two forecasts fourth-quarter adjusted sales below estimates

Take-Two Interactive Software Inc on Monday projected fourth-quarter adjusted sales below market estimates, a sign that the video-gaming boom sparked by the pandemic was fading.

Britain joins EU-China WTO challenge over Lithuania

Britain will join a growing number of Western countries in backing the European Union in a case against China at the World Trade Organization over its alleged trade curbs on Lithuania, its trade minister said, in a move to oppose "coercive trading practices".

Mexico economy minister sees 2022 growth slowing to 2.5%

Mexican Economy Minister Tatiana Clouthier said on Monday the country's economy was likely to grow about 2.5% this year after being hit by the Omicron wave of the coronavirus pandemic, in a blow to President Andres Manuel Lopez.

U.S. rate hikes could hit highly dollarized emerging market banks -Moody's

Banks in Latin America and emerging Europe are most exposed to dollarization among developing economies, making them vulnerable to weaker local currencies and increasing withdrawals in the face of tighter U.S. monetary policy, Moody's said on Monday.

Tesla receives subpoena from U.S. securities regulator over 2018 settlement

Tesla Inc said on Monday it received a subpoena from the U.S. securities regulator related to a settlement that required Chief Executive Elon Musk's tweets on material information about the company to be vetted.

U.S. House set to debate bill extending stop-gap funding through March 11

The U.S. House of Representatives on Tuesday is expected to debate legislation funding federal government programs through March 11, and avoid a politically embarrassing partial government shutdown when existing funds expire on Feb. 18.

White House defends Raskin as Fed nominee

White House press secretary Jen Psaki defended Federal Reserve Board nominee Sarah Bloom Raskin on Monday as a qualified nominee amid criticism from conservatives that she is a bad fit.

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