Wall Street firms 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 (C.N), Goldman Sachs Group Inc (GS.N), Carlyle Group Inc (CG.O), Blackstone (BX.N) and MetLife (MET.N) among the latest to adjust plans as the Omicron variant of the coronavirus spreads.
EXCLUSIVE Zoom has joined tech industry counterterrorism group
Video-conferencing platform Zoom has joined a counterterrorism organization formed by major U.S. tech companies including Meta Platforms Inc (FB.O), formerly known as Facebook, and Microsoft Corp (MSFT.O), the group said on Wednesday.
Foreign holdings of Treasuries hit record high in October -data
Foreign holdings of U.S. Treasuries, led by Japan and China, rose to a record high for the month of October, data from the Treasury department showed on Wednesday.
White House looks to boost U.S. trucking industry
The Biden administration is meeting with the trucking industry on Thursday as it looks to help add new drivers to a key part of U.S. supply chains.
MMG to halt Las Bambas copper production as talks to end blockade fail
MMG Ltd (1208.HK) said on Thursday it would shut production at its Las Bambas copper mine in Peru from Dec. 18 after the Australia-based miner failed to reach an agreement with the Peruvian community blocking a transport road used by the facility.
Oil rises towards $75 as U.S. demand and Fed outweigh virus concern
Oil rose towards $75 on Thursday supported by record U.S. implied demand and falling crude stockpiles, even as the spread of the Omicron coronavirus variant threatens to put a brake on consumption globally.
Qantas to switch domestic fleet to Airbus in blow to Boeing
Australia’s Qantas Airways Ltd (QAN.AX) said on Thursday it has chosen Airbus SE (AIR.PA) as the preferred supplier to replace its domestic fleet, switching from Boeing Co (BA.N) in a major win for the European planemaker.
Swiss National Bank sticks to loose policy, diverging from Fed and others
The Swiss National Bank stuck to its ultra-loose monetary policy on Thursday, diverging from the tightening path being taken by a growing number of central banks and despite higher inflation and a surge in the value of the safe-haven Swiss franc.
Telecom Italia issues third profit warning in a year
Telecom Italia (TIM) (TLIT.MI), facing a takeover approach from U.S. fund KKR (KKR.N), has cut the 2021 earnings forecast for its domestic business due to lower-than-expected fixed line revenue from its partnership with DAZN to screen Italian soccer.
COVID curbs freeze Germany’s private sector growth in December – PMI
Growth in German private sector activity evaporated in December as restrictions to break an aggressive fourth wave of coronavirus infections hit the services sector in Europe’s largest economy, a survey showed on Thursday.
