Reuters Company News

U.S. President Donald Trump is once again beating predecessor Barack Obama in stock market performance following a stunning recovery on Wall Street.

Payment card issuing startup Marqeta has raised $150 million from a U.S. institutional investor, doubling its valuation to $4.3 billion, the company said on Thursday.

Job cuts by U.S. state and local governments whose budgets have been crushed fighting the COVID-19 pandemic and more second-wave layoffs in the private sector likely contributed last week to a 10th straight week of more than 2 million Americans seeking unemployment benefits.

Two U.S. senators are considering drafting further sanctions on Russia's Nord Stream 2 natural gas pipeline if Moscow goes ahead and finishes laying pipes, in another blow to a project which has already faced delays.

Abu Dhabi state fund Mubadala Investment Company is in talks to invest about $1 billion in Reliance Industries' digital unit Jio platforms, three sources said on Thursday.

Nobody will get preferential access to a potential COVID-19 drug developed by vaccine maker Themis Bioscience, which is being bought by U.S. pharmaceuticals firm Merck & Co Inc, the Austrian firm's chief executive said on Thursday.

Strong investor interest has prompted JDE Peet's, the world's No. 2 maker of packaged coffee, to bring forward to Friday its already speedy initial public offering, the company said in a statement.

Strong investor interest has prompted JDE Peet's, the world's No. 2 maker of packaged coffee, to bring forward to Friday its initial public offering, the company said in a statement.

London copper prices rose on Thursday buoyed by hopes of improving demand for the red metal amid more stimulus measures, as more economies reopened after months of lockdowns to curb the spread of the novel coronavirus.

Japan's Nikkei share average jumped on Thursday, vaulting above a key technical resistance of its 200-day moving average, on hopes of a quick economic normalisation, with investors snatching up deeply discounted stocks such as financials.

British low cost airline easyJet said it planned to cut up to 30% of its staff, or 4,500 jobs, and shrink its fleet, to fit the smaller market it expects to emerge from the collapse in air travel due to COVID-19.

Pharmaceutical company CordenPharma has extended its agreement with Moderna Inc to supply large volumes of lipids used to produce Moderna's COVID-19 vaccine candidate.

British low cost airline easyJet said it planned to cut up to 30% of its staff and shrink its fleet, to fit the smaller market it expects to emerge from the collapse in air travel due to the coronavirus.

Asian shares erased gains and the yuan languished on Thursday on growing worries China's planned security law for Hong Kong would spark a broader diplomatic confrontation with the United States.

Rich Chinese are expected to park fewer funds in Hong Kong on worries that Beijing's proposed national security law for the city could allow mainland authorities to track and seize their wealth, bankers and other industry sources said.

JP Morgan has named Leo Puri chairman of its South and Southeast Asian operations after Kalpana Morparia announced her retirement, according to a statement.

U.S. President Donald Trump is expected to order a review of a law that has long protected Twitter, Facebook and Alphabet's Google from being responsible for the material posted by their users, according to a draft executive order and a source familiar with the situation.

Round-up of South Korean financial markets: ** South Korean shares fell on Thursday as escalating tensions between China and the United States over Hong Kong offset the central bank's move to cut rates to a record low. The Korean won weakened, while the benchmark bond yield fell. ** As of 0421 GMT, the Seoul stock marke

Here are news stories, press reports and events to watch which may affect Romanian financial markets on Thursday.

India's largest electricity generator NTPC Ltd said it was interested in buying a majority stake in Reliance Group's power distribution assets in Delhi.