Friday 11 February 2022

Reuters Business: U.S. investors expect more volatility as Ukraine concerns spook markets

U.S. investors expect more volatility as Ukraine concerns spook markets

Geopolitical worries have added another layer of volatility to an already-jumpy market as investors priced in the possibility of escalating conflict between Russia and Ukraine, though some doubted the issue would weigh on U.S. asset prices over the longer term.

Stellantis recalling nearly 20,000 plug-in minivans for fire risks

Chrysler parent Stellantis is recalling 19,808 plug-in hybrid minivans after reports of 12 fires in parked vehicles.

Peru economy likely to have exceeded pre-pandemic levels -cenbank

Peru's economy is expected to have stayed above pre-pandemic levels in December and January, due to the recovery of internal demand and a record in exports, despite lower mining output after recurring social conflicts, the central bank said Friday.

U.S. Treasury rejects push by lawmakers to end IMF surcharges on some loans

The U.S. Treasury Department on Friday rejected an appeal by 18 Democratic lawmakers who want the International Monetary Fund (IMF) to end its practice of charging mostly middle and lower-income countries significant surcharges on larger loans that are not repaid quickly.

Canadian dollar pares weekly gain as Ukraine tensions soar

The Canadian dollar weakened against its U.S. counterpart on Friday, giving back some of this week's gains, as the potential for an imminent Russian attack on Ukraine triggered a selloff in risk-sensitive assets.

Wall St Week Ahead Crypto investors face more uncertainty after rocky start to 2022

Investors are bracing for more gyrations in bitcoin and other cryptocurrencies, as worries over a hawkish Federal Reserve threaten to squelch risk appetite across markets.

Large U.S. banks to drop mask mandate in U.S. offices

Goldman Sachs , JPMorgan Chase & Co and Morgan Stanley said on Friday they are dropping the requirement for staff to wear masks in the office.

Senator Warren asks U.S. Labor Dept. to deny Credit Suisse exemption after bribery settlement

Democratic U.S. Senators Elizabeth Warren and Tina Smith have asked the Department of Labor to deny Swiss lender Credit Suisse Group AG a regulatory exemption related to its management of retirement funds as a result of a Justice Department settlement for bribery, according to a letter seen by Reuters on Friday.

NFT marketplace shuts, citing 'rampant' fakes, plagiarism problem

The platform which sold an NFT of Jack Dorsey's first tweet for $2.9 million has halted transactions because people were selling tokens of content that did not belong to them, its founder said, calling this a "fundamental problem" in the fast-growing digital assets market.

Top Apple executives likely to be deposed in U.S. fight with Google

The Justice Department wants to depose some of Apple's top executives as it prepares for a trial to determine if Alphabet's Google broke antitrust law in how it runs its search business, a lawyer representing Apple said on Friday.

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