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WASHINGTON/LONDON: Wall Street main indexes finished lower on Friday after data showing persistent U.S. inflation offset expectations of an easing in U.S.-China tensions after a call between President Joe Biden and China's Xi Jinping.
NEW YORK: The S&P 500 ended modestly higher in a choppy session on Thursday, with gains in tech shares countering losses in cyclical sectors, as investors took the pulse of the economic rebound and gauged when the Federal Reserve might temper its monetary stimulus.
NEW YORK: The Dow Industrial and S&P 500 edged up to closing records on Friday and notched a second straight week of gains, buoyed by a climb in Walt Disney shares, but a sharp drop in consumer sentiment kept gains in check.
Net profits of 1,064 firms surge by more than 50%
ONE of the world’s largest financiers of fossil fuels just bought a company that oversees 1.7 million acres of forest in the United States, Chile and New Zealand. Is that enough to make it green? The rest of Wall Street may hope so, but the reality is uncertain.
KUALA LUMPUR: Moody's Investors Service has affirmed the Baa2 issuer rating of Axiata Group Bhd which recently announced the proposed merger of its Malaysian operations with Norwegian telecom company, Telenor ASA.
LONDON: Europe’s biggest airlines are seeking to deflect moves to tighten carbon curbs by favouring an increasingly discredited offsetting programme, according to climate watchdog InfluenceMap.
THE growth in demand to invest in companies with strong environmental, social and governance (ESG) profile has gained pace as policymakers around the world drive a low-carbon economic transition to combat climate change.