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22 Dec

Oil prices rise on inventory drawdown, though Omicron caution lingers

Oil prices rose on Wednesday on fears of tight supply and a drawdown in U.S. inventories, despite worries about the likely hit to economic activity from the spread of the Omicron coronavirus variant.

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22 Dec

Factbox-Tesla's Musk sells shares worth over $14 billion

Tesla Inc Chief Executive Officer Elon Musk has sold $14.5 billion worth of shares since early November when the world's richest person polled Twitter users about offloading 10% of his stake in the electric-car maker.

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22 Dec

Wall Street subdued as Omicron concerns linger

(Reuters) -U.S. stock indexes struggled for direction on Wednesday, cooling off after a day-earlier rally, as worries lingered around the Omicron variant of the coronavirus and its impact on global economic recovery.

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22 Dec

Wall St climbs on positive economic data, Omicron update

(Reuters) -The S&P 500 and the Nasdaq climbed on Wednesday on a boost from Tesla shares, while better-than-expected economic data added to signs the impact of the Omicron variant of the coronavirus on the economic recovery could be limited.

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22 Dec

EU proposes 3 new taxes to repay COVID-19 recovery fund borrowing

BRUSSELS (Reuters) -The European Commission proposed on Wednesday three new EU-wide taxes to help to repay the joint government borrowing in the 27-nation bloc for their 800 billion euro ($904 billion) COVID-19 recovery fund.

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22 Dec

Amazon sues financial crime agency in latest twist of Indian battle

Amazon.com Inc is taking India's financial crime fighting agency to court, seeking to quash an investigation into one of its 2019 deals, a court filing seen by Reuters shows.

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22 Dec

Wall Street set to drop as Omicron worries linger

(Reuters) -U.S. stock indexes were set to open lower on Wednesday, cooling off after a day-earlier rally, as worries lingered around the Omicron variant of the coronavirus and its impact on global economic recovery.

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