BUSINESS

European equities slide, as oil drops off peaks

U.S. life sciences company Illumina's offer to cut prices and allow rivals continued access to its technologies has "yet to convince" EU antitrust regulators scrutinising its $8 billion cash-and-stock bid for Grail Inc, people familiar with the matter said.

The U.S. Treasury Department has reached out to cryptocurrency companies about their cybersecurity controls amid concerns that Russia could wage retaliatory cyber attacks in response to Western sanctions, according to a person familiar with the situation.

The Bank of Canada has "considerable space" left to raise interest rates this year, Governor Tiff Macklem said on Thursday, and did not rule out a rare 50-basis-point move if needed to rein in hot inflation.

The Bank of Canada said on Thursday it would act "with determination" to rein in soaring prices, saying a failure to act decisively would make it much more painful to bring inflation back to target.

The $900 million lawsuit accuses McDonald's of false advertising and tortious interference in contracts with customers.

Russia's war in Ukraine could hit the U.S. economy across a variety of channels from higher prices to dampened spending and investment, Federal Reserve Chair Jerome Powell said Thursday, though it is unclear what the ultimate impact will be.

Boeing Co will strictly adhere to the export controls and restrictions that have been announced governing work in Russia, the U.S.

Citigroup is uncertain how long it will be able to keep its operations in Ukraine running and is concerned about a cyber attack by Russia, Chief Executive Jane Fraser said in an interview with CNBC.

Russian state-controlled news network RT said on Thursday it will begin broadcasting on Rumble, a YouTube-like video site, after tech companies including Meta Platforms and Twitter have restricted access to RT following Russia's invasion of Ukraine.

Canada will remove Russia and Belarus's most favored nation status as trading partners, and will provide additional lethal aid to Ukraine, including rocket launchers and hand grenades, Canadian officials said Thursday.

Rivian Automotive Inc has rolled back price hikes on electric vehicles booked before March 1 after facing backlash from customers following a 20% increase in prices.

Rivian Automotive Inc on Thursday rolled back price hikes on electric vehicles booked before March 1, days after facing backlash from customers following a 20% increase in prices.

Europe could cut Russian gas imports by more than a third within a year, the International Energy Agency (IEA) said on Thursday in its 10-point plan on reducing reliance on Russia.

Twitter Inc is expanding its crowdsourced fact-checking program by making notes on potentially misleading tweets visible to more people on Twitter, the company said in a blog post on Thursday.

The number of Americans filing new claims for unemployment benefits dropped to their lowest level this year last week, while layoffs declined sharply in February, indicating that the labor market recovery was gaining steam.

The number of Americans filing new claims for unemployment benefits dropped to their lowest level this year last week, while layoffs declined sharply in February, indicating that the labor market recovery was gaining steam.

Kroger Co forecast annual same-store sales and profit above market expectations, encouraged by strong demand for its pick-up and delivery services as well as sustained home-cooking trends, sending its shares to a record high on Thursday.

Kroger Co forecast annual same-store sales and profit above market expectations on Thursday, encouraged by strong demand for its pick-up and delivery services and sustained home-cooking trends.

Palladium raced to an over seven-month peak on Thursday in a rally sparked by concerns over supply from top producer Russia, while a relatively less hawkish Federal Reserve and safe-haven demand due to the Ukraine crisis boosted gold prices.

Britain will ban Russian companies from London's multi-billion dollar aviation and space insurance market, the latest restrictions Western allies are imposing to isolate Russia from international financial markets.

Toronto-Dominion Bank beat analysts' estimates for quarterly profit on Thursday, helped by strong trading revenues, although higher variable expenses and weaker growth in interest income than peers left some analysts underwhelmed.

A responsible-investing group representing $10 trillion of assets under management and advisement said companies could be right to cut Russian business ties to protest Moscow's invasion of Ukraine, but urged executives to take care to avoid causing unintended harm to employees, political dissidents or consumers.

Companies are concerned about how their corporate image will be affected globally if they continue to do business in Russia.

Best Buy Co Inc said on Thursday it expects annual sales to surpass peak pandemic levels in 2024, propelled by the top U.S.

U.S. stock indexes were set for a higher open on Thursday, with all eyes on megacap growth stocks that led a rally in the previous session after Federal Reserve Chair Jerome Powell pointed to a cautious tightening amid the Ukraine crisis.

Shares in Grab tumbled 37% on Thursday after Southeast Asia's no.

Former Nissan Motor chairman Carlos Ghosn, who was ousted from the company following his arrest in Japan, said on Thursday that its alliance partner Renault SA is struggling because of the Japanese automaker's lack of vision.

IKEA, the world's biggest furniture brand, is closing its stores in Russia and pausing all sourcing in the country and ally Belarus, joining the wave of Western firms curbing business with Russia after its invasion of Ukraine.