Stocks posted sharp gains on Wednesday as recently surging commodity prices, especially oil, cooled off while the war in Ukraine continues. The Dow Jones Industrial Average rose 653.61 points to 33,286.25, helped by gains in Salesforce, Nike and JPMorgan. The S&P 500 climbed 2.6% to 4,277.88, for its best day […]
Financial
US stocks surge the most since June 2020 | Financial Markets News
Global stocks staged a ferocious rebound from the war-induced rout, with European equities notching the biggest rally since the pandemic bottom in March 2020 and U.S. shares jumping the most intraday since November of that year. Oil sank more than 10% and Treasuries dropped. Dip buyers powered the S&P 500 […]
Commencement of in-court restructuring of Orphazyme A/S
ORPHAZYME A/S Orphazyme A/SCompany announcementNo. 10/2022Inside informationwww.orphazyme.comCompany Registration No. 32266355 Copenhagen, Denmark, March 10, 2022 – Orphazyme A/S (ORPHA.CO; ORPH) (“Orphazyme” or the “Company”), a late-stage biopharmaceutical company, announces that, following the receipt of the negative Trend Vote as announced on February 23, 2022 (please see company announcement no. 07/2022), […]
Russia targets new cities and calls on foreign ‘volunteers’ to join fight
Russia launched air strikes deeper into Ukraine and called on foreign “volunteers” to join its war on Friday as Moscow stepped up unfounded allegations over chemical weapons threats. With the invasion in its third week, Russian jets hit the central Ukrainian city of Dnipro while rockets pounded Lutsk in the […]
European Central Bank holds interest rates steady
European Central Bank President Christine Lagarde attends a debate during a plenary session at the European Parliament on February 14, 2022 in Strasbourg, eastern France. Frederick Florin | Afp | Getty Images LONDON — The European Central Bank on Thursday announced it will wind down asset purchases faster than planned […]
Putin’s threatened response to companies ditching Russia may cause ‘even more economic pain,’ Psaki warns
Former Minister of National Defense of Poland Radek Sikorski argues the ‘most urgent task’ is to prevent Putin from ‘winning’ Russia-Ukraine war. After Russian President Vladimir Putin floated the idea of nationalizing companies that refuse to do business in Russia over the Ukraine invasion, White House Press Secretary Jen Psaki […]
‘Whole new dimension’ to orders
Chipotle (CMG) is adding a bit more Latin flavor to its menus in the U.S. and Canada — but only for a limited time. Pollo asado (or “grilled chicken” in English) is the first chicken menu innovation in Chipotle’s 29-year history. The poultry is grilled and seared daily, and tossed […]
The rising costs of China’s friendship with Russia
When the Russian invasion of Ukraine started two weeks ago, Jane Yan, a senior executive at a machine parts maker in eastern China, said she was not too worried about the impact. After all, buyers in Russia and Ukraine accounted for less than 5 per cent of the company’s overseas […]
Democrats, Republicans and gas prices
Everybody has a theory about gas prices—and many revolve around who’s in the White House. With gas now averaging an uncomfortably high $4.25 per gallon, many frustrated drivers blame the current president, Joe Biden. “Gas was $2 or less for all four years the problem [Trump] was in the White […]
Deutsche Bank’s key Russian IT unit hangs in the balance
Deutsche Bank is bracing itself for the loss of a quarter of its investment bank IT specialists as sanctions against Russia threaten to cut off its key software technology centres in Moscow and St Petersburg. The German lender employs 1,500 people in its Russian technology centre (RTC), who are responsible […]