Markets

The S&P 500 and Nasdaq indexes came under pressure on Monday as climbing Treasury yields and prospects of rising inflation triggered valuation concerns, hitting shares of high-flying growth companies.

Brazilian financial markets went into a tailspin on Monday, as investors dumped the country's currency and stocks, while pushing up interest rates, after President Jair Bolsonaro moved late on Friday to sack the head of state-run oil firm Petrobras following weeks of clashes over fuel price hikes.

Millennium Management's Israel Englander earned US$3.8 billion last year, landing him the biggest payday of any hedge fund manager in 2020, showed data from Institutional Investor.

The UK antitrust tribunal ruled on Monday that Epic Games, the creator of popular game Fortnite, will not be allowed to pursue its case against Apple Inc in the United Kingdom over its App Store payment system and control over app downloads.

The U.S. Treasury is due to run down a US$1.6 trillion bank account at the Federal Reserve as government spending ramps up in the months ahead - a move some analysts warn may crush short-term money rates further and flood financial markets with cash.

The U.S. House of Representatives' Oversight and Homeland Security Committees will hold a joint hearing on Friday on cybersecurity incidents including the attack targeting SolarWinds Orion Software, it said in a statement.

Sweden's Spotify said on Monday it would launch in new markets in the next few days which will make the music streaming service available to more than a billion people around the world.

Alphabet's Google is negotiating individual licensing deals with a divided Spanish news industry that could allow the U.S. tech giant's news service to resume in the country, three sources close to the matter told Reuters.

KUALA LUMPUR: Malaysia Aviation Group obtained court approval in Britain on Monday (Feb 22) for a deal between its leasing unit and a majority of its aircraft operating lessors, allowing it to begin a restructuring plan with new capital of RM3.6 billion (US$891 million). MAG, parent of Malaysia ...

Alphabet Inc's Google will resume accepting all political advertisements in the United States from Feb. 24, according to an email to advertisers seen by Reuters.