Nasdaq opens at record high ahead of big-tech earnings

(Reuters) – The Nasdaq opened at a record high on Monday as markets geared up for a busy week of earnings from mega-cap technology firms, while the Dow and S&P 500 came under pressure from a decline in Merck’s shares. The Dow Jones Industrial Average fell 7.1 points, or 0.02%, at the open to 30989.85. The S&P 500 rose […]

Russia’s Vladimir Putin to address World Economic Forum on Wednesday

MOSCOW (Reuters) – Russian President Vladimir Putin will address the World Economic Forum (WEF) by video conference on Wednesday, Russian news agencies cited his spokesman Dmitry Peskov as saying on Monday. The event, which gathers business chiefs, political thinkers and state leaders, is being held online due to COVID-19. Putin’s appearance is likely to be […]

Luxury watchmaker Hublot expects China to drive sales rebound in 2021

ZURICH (Reuters) – Swiss luxury watchmaker Hublot, part of French group LVMH, expects sales to grow 15-20% in 2021, driven by China, after a difficult 2020 and a challenging start to the new year, its chief executive said on Monday. Swiss watchmakers’ sales slid last year as stores were affected by pandemic-related closures and as […]

U.S. blocks Hong Kong’s escalation of WTO trade dispute

GENEVA (Reuters) – The United States on Monday blocked a decision by Hong Kong to escalate a Trump-era trade disagreement at the World Trade Organization, in its first meeting on disputes at the Geneva-based body since U.S. President Joe Biden’s inauguration. Speaking at the WTO’s closed-door dispute settlement body, the U.S. delegate opposed Hong Kong’s […]

China’s Xi calls for greater role for G20 in economic governance

(Reuters) – China’s President Xi Jinping on Monday called on the world to strengthen macroeconomic policy coordination and bolster the role of the G20 in global economic governance as he pointed to a “rather shaky” recovery from the coronavirus pandemic. Speaking at a virtual meeting of the World Economic Forum – a gathering usually held […]

Anger and grief as United Kingdom’s COVID-19 death toll nears 100,000

LONDON (Reuters) – As the United Kingdom’s COVID-19 death toll approaches 100,000, grief-stricken relatives of the dead expressed anger at Prime Minister Boris Johnson’s handling of the worst public health crisis in a century. When the novel coronavirus, which first emerged in China in 2019, slid silently across the United Kingdom in March, Johnson initially […]

U.S. Supreme Court ends anti-corruption lawsuits against Trump

(Reuters) – Five days after the end of Donald Trump’s presidency, the U.S. Supreme Court on Monday halted lawsuits accusing him of violating the U.S. Constitution’s anti-corruption provisions by maintaining ownership of his business empire including a hotel near the White House while in office. The justices threw out lower court orders that had allowed […]

Wall Street Opens Mixed in Febrile Atmosphere; Dow Down 175 Pts — U.S. stock markets opened mixed on Monday in febrile mood, with signs of increasing investor mania in a handful of stocks while the broader market cooled off amid fears that U.S. and global growth estimates may have to be revised down due to lingering pandemic effects.  By 9:55 AM ET (1435 GMT), the Dow […]