European stocks slip, Wall Street set to open slightly higher

LONDON (Reuters) -European stocks struggled to gain momentum on Wednesday but Wall Street futures pointed to a slightly higher open after reassurances from U.S. Federal Reserve Chair Jerome Powell that the Fed is not rushing to hike rates.The German share price index DAX graph is pictured at the stock exchange

US seizes 36 websites with links to Iran, accusing them of spreading disinformation

Dozens of Iranian-linked websites have been seized by the US Justice Department. Many of the 36 websites are violent organisations or associated with spreading disinformation, the department said. They were all taken offline for violating US sanctions, although several were back online within hours with new domain addresses. The DOJ

Nasdaq eyes record closing high as Powell testimony looms

(Reuters) -The Nasdaq was on pace for a record closing high on Tuesday, as investors anticipated Federal Reserve Chair Jerome Powell’s remarks for clues on how the central bank is balancing inflation risk with its promise to ensure a full jobs market recovery.FILE PHOTO: The front facade of the New

Even after Biden tax hike, U.S. firms would pay less than foreign rivals

(Reuters) – U.S. companies pay less income tax than their overseas competitors and would likely continue to do so under a tax hike proposed by President Joe Biden, according to a Reuters analysis of filings by hundreds of U.S. and international firms.FILE PHOTO: U.S. President Joe Biden speaks in the

Nordic fund KLP divests from Adani Ports over links to Myanmar military

OSLO (Reuters) – Norwegian pension fund KLP is divesting from Adani Ports and Special Economic Zone Limited on the grounds the company’s links with the Myanmar military breach the fund’s responsible investment policy, KLP told Reuters on Tuesday.FILE PHOTO: A general view of a container terminal is seen at Mundra

Trust comes before EU access for City of London -EU finance chief

LONDON (Reuters) -The European Union is not intent on stealing business from the City of London, but future access for Britain to the bloc’s financial market will hinge on whether it can be trusted to keep its word, EU financial services chief Mairead McGuinness said on Tuesday.FILE PHOTO: EU Commissioner

'I regret any harm:' Short seller compensates target in rare move

BOSTON (Reuters) -A small Texas investor who caused shares of a real estate investment trust to plunge 39 percent in a day has agreed to pay the company restitution to settle a lawsuit against him, a rare development that could embolden other companies to pursue such claims.FILE PHOTO: A tweet

Global stocks sink to four-week low, dollar stands tall

LONDON (Reuters) – Global stocks dropped to a four-week low on Monday after last week’s surprise hawkish shift by the U.S. Federal Reserve reduced the allure of riskier assets, while the dollar held gains and stood near a 10-week high.FILE PHOTO: An investor sits in front of a board showing

Asian stocks drop as Fed shift reverberates; Treasury yields slide

TOKYO (Reuters) – Asian stocks dropped on Monday as investors mulled the implications of a surprise hawkish shift last week by the U.S. Federal Reserve, while the Treasury yield curve flattened further with 30-year yields dropping below 2%.FILE PHOTO: An investor sits in front of a board showing stock information

Dow drops 1% after hawkish Bullard remarks

(Reuters) – The Dow fell 1% on Friday after Federal Reserve official James Bullard said inflation was stronger than anticipated and it would take the central bank several meetings to figure out how to pare back stimulus.FILE PHOTO: A street sign is seen in front of the New York Stock