27 February

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SoftBank reaches settlement with former WeWork CEO Neumann By Reuters

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(Reuters) - SoftBank Group Corp said on Friday it has reached a settlement with WeWork's special committee and the company's co-founder and former chief executive, Adam Neumann, putting to rest a legal battle dating back to 2019. SoftBank, the new owner of the office-sharing firm, did not disclose terms of the settlement. Media reports earlier this week indicated the deal includes a...

27 February

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Wall Street Turn Choppy After Higher Opening; Nasdaq Flat, Dow Down 270 Pts By Investing.com

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By Geoffrey Smith Investing.com -- U.S. stock markets were choppy in early trade on Friday, reversing early gains after economic data that showed no meaningful increase in short-term inflation pressures. The price index for U.S. personal consumer expenditures, the Federal Reserve’s preferred measure of inflation, just a fraction above expectations in January. In year-on-year terms, it remains at a historically low level of 1.5%...

27 February

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Volkswagen sees strong rebound after ‘containing’ COVID By Reuters

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By Christoph Steitz and Jan Schwartz FRANKFURT (Reuters) - Volkswagen (DE:VOWG_p) expects deliveries, revenues and margins to rebound strongly this year as the coronavirus pandemic eases, after an almost halving in profits in 2020 that was still better than the German carmaker originally expected. The global No.2 after Toyota by cars sold,...

26 February

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Sterling knocked back by bond rout By Reuters

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By Joice Alves LONDON (Reuters) - Sterling fell against a stronger dollar on Friday, retreating from a three-year high touched earlier this week, as a rout in global bond markets sent yields flying and hurt the pound. The pound has strengthened about 2% this year against the dollar and the euro as traders expect Britain’s speedy vaccine roll-out will help the...

26 February

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U.S. Consumer Sentiment Fell in February to a Six-Month Low By Bloomberg

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U.S. consumer sentiment fell in February to a six-month low as expectations remained weak even as lawmakers moved closer to approving another round of financial relief. (Bloomberg) -- The University of Michigan’s final sentiment index fell to 76.8 from 79 in January, data released Friday showed. That was slightly better than the preliminary reading...

26 February

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Atlantia disappointed with CDP bid for unit, continues talks By Reuters

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By Francesca Landini and Stephen Jewkes MILAN (Reuters) - Italy's Atlantia said on Friday an offer by a consortium of investors led by state lender CDP for its 88% stake in Autostrade per l'Italia fell short of the mark and asked its top managers to see if the bid could be sweetened. "The offer falls below expectations," the Italian infrastructure group...

26 February

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Norwegian Air books $1.5 billion charge as it seeks fresh start By Reuters

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By Victoria Klesty OSLO (Reuters) - Norwegian Air booked an impairment charge of 12.8 billion crowns ($1.5 billion) in the fourth quarter as it cancelled a major Airbus order and plans to shrink its current fleet to avoid bankruptcy. Norwegian received protection from bankruptcy late last year in both Norway and Ireland, where most of its assets are registered, and it aims...

26 February

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Nasdaq Rebounds as Bargain Hunting Investors Return to Tech By Investing.com

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By Yasin Ebrahim Investing.com – The Nasdaq rebounded Friday as bargain hunting traders swooped in to buy beaten down tech stocks following a slump a day earlier. The Nasdaq Composite gained 0.82%. The Dow Jones Industrial Average fell 1.23%, or 385 points. The S&P 500 fell 0.11%. Tech rose nearly 2% as investors took advantage of the recent slump in big tech, with...

26 February

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Canada shares lower at close of trade; S&P/TSX Composite down 0.87% By Investing.com

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Investing.com – Canada equities were lower at the close on Friday, as losses in the Materials, Energy and Financials sectors propelled shares lower. At the close in Toronto, the S&P/TSX Composite fell 0.87%. The biggest gainers of the session on the S&P/TSX Composite were Aecon Group Inc . (TSX:ARE), which rose 6.22% or 1.08 points to trade at 18.44 at...

26 February

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World Bank head urges countries to sign vaccine contracts now By Reuters

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WASHINGTON (Reuters) - World Bank President David Malpass on Friday urged countries to enter contracts for COVID-19 vaccines now so they could get delivery schedules, saying it was vital to get started in more countries and work through more channels. In remarks to Group of 20 finance officials, Malpass also hammered his push...

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SoftBank reaches settlement with former WeWork CEO Neumann By Reuters

Wall Street Turn Choppy After Higher Opening; Nasdaq Flat, Dow Down 270 Pts By Investing.com

Volkswagen sees strong rebound after ‘containing’ COVID By Reuters

Sterling knocked back by bond rout By Reuters

U.S. Consumer Sentiment Fell in February to a Six-Month Low By Bloomberg

Atlantia disappointed with CDP bid for unit, continues talks By Reuters

Norwegian Air books $1.5 billion charge as it seeks fresh start By Reuters

Nasdaq Rebounds as Bargain Hunting Investors Return to Tech By Investing.com

Canada shares lower at close of trade; S&P/TSX Composite down 0.87% By Investing.com

World Bank head urges countries to sign vaccine contracts now By Reuters

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