BlackRock profit beats as ETF demand holds up against market rout
BlackRock Inc posted a smaller-than-expected drop in quarterly profit on Thursday as strong demand for exchange-traded funds and other low-risk products cushioned the hit to fee income from a global market rout.
Chevron kicks off oil industry’s fourth quarter results with a miss
Chevron Corp (CVX.N) on Friday reported a fourth quarter profit that missed Wall Street estimates despite sharply higher oil and gas prices.
Afterpay’s move to open to major U.S. merchants will boost margins, analysts say
Afterpay’s (APT.AX) move to expand its buy now, pay later service to major U.S. merchants it has not directly partnered with will boost sales and margins, analysts said on Thursday, as the Australian company’s shares rose nearly 8%.
Airbus hikes jet output targets in bet on aviation recovery
Airbus ramped up its jet production targets on Thursday, backing signs of global recovery and strengthening its hand ahead of talks with suppliers about how to share investments needed to lift aviation out of its pandemic doldrums.
UK government lowers NatWest stake with $1.5 bln share sale
The British government has completed the sale of 1.1 billion pounds ($1.55 billion) in shares of NatWest (NWG.L), lowering its stake in the lender it bailed out over a decade ago to below 55%.
European shares at fresh one-year peak after dovish ECB signal
(Reuters) – European stocks hit their highest level in a year on Thursday as worries about a spike in inflation eased and the European Central Bank said it was ready to accelerate money-printing to keep a lid on euro zone borrowing costs.
