(Reuters) – European stocks were lower on Friday and on course for their worst weekly performance since October, as concerns around the slow rollout of COVID-19 vaccines mount and a retail trading frenzy gripped Wall Street this week.FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, January 26, 2021. REUTERS/StaffThe benchmark […]

SINGAPORE (Reuters) – European and U.S. stock futures fell on Friday, while Asian equities headed for their steepest weekly loss in months, as a Wall Street retail-trading frenzy and a liquidity squeeze in China unnerved investors and weighed on frothy markets.FILE PHOTO: A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, stands in front of an electric […]

(Reuters) – Facebook Inc took down a popular Wall Street discussion group, Robinhood Stock Traders, in a move that its founder on Thursday described as backlash for conversations buoying shares of GameStop Corp and other companies this week.Slideshow ( 2 images )GameStop, AMC Entertainment Holdings Inc and BlackBerry have been at the center of a market battle as individual investors […]

ICICI Bank Ltd., one of India’s top corporate bond arrangers, expects spreads on the highest-rated local notes to widen further as the central bank begins to withdraw emergency liquidity. The extra yield investors demand to hold AAA rated company notes due in one year over comparable government securities jumped to the highest since October last week and remains near that […]

WASHINGTON (Reuters) – The U.S. House Financial Services and Senate Banking committees said on Thursday they will hold hearings on the stock market after users of investment apps faced trading limits following the “Reddit rally” that put a charge into GameStop and other volatile stocks that were touted in online forums.FILE PHOTO: Congresswoman Alexandria Ocasio-Cortez addresses media as she arrives […]

BRUSSELS (Reuters) – Europe’s fight to secure COVID-19 vaccine supplies intensified on Thursday when the European Union warned drug companies such as AstraZeneca that it would use all legal means or even block exports unless they agreed to deliver shots as promised. The EU, whose member states are far behind Israel, the United Kingdom and the United States in rolling […]

FILE PHOTO: Vlad Tenev, co-founder and co-CEO of investing app Robinhood, speaks during the TechCrunch Disrupt event in Brooklyn borough of New York, U.S., May 10, 2016. REUTERS/Brendan McDermidSINGAPORE (Reuters) – The chief executive of brokerage app Robinhood said he made a “difficult decision” to restrict buying in more than a dozen volatile stocks, including GameStop and AMC Entertainment, to […]

NEW YORK (Reuters) – The dollar retreated and Wall Street rallied on Thursday as investors looked past weak U.S. GDP and jobless claims data to hopes of a rosier economy ahead and welcomed restrictions on this week’s social media-driven trading frenzy.FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby […]