Category: Reuters
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France wins jobs at Morgan Stanley and other investments ahead of key summit By Reuters
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Written by Sudip Kar Gupta PARIS (Reuters) – France said Morgan Stanley will open a new European office in Paris, while two other firms announced a joint investment of 700 million euros ($753.8 million), as the country prepares to host an important annual foreign investment summit. Wall Street bank Morgan…
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Canadian police arrest fourth man for murder of Sikh leader Nijjar By Reuters
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TORONTO (Reuters) – A fourth person has been arrested and charged with the killing of Sikh separatist leader Hardeep Singh Nijar last year, Canadian police said on Saturday, in a case that has strained diplomatic relations with India. Canadian police earlier this month arrested and charged three Indian men in…
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Arm Holdings plans to launch AI chips in 2025, Nikkei reports By Reuters
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(Reuters) – SoftBank Group arm Holdings (NASDAQ:) plans to develop artificial intelligence chips and aims to launch the first products in 2025, Asia reported on Sunday. The report added that UK-based Arm will set up an AI chip division and aims to build a prototype by spring 2025. Mass production…
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Financiers fret over ‘leverage on leverage’ in private credit By Reuters
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Written by Paritosh Bansal (Reuters) – For some elite financiers gathered in Los Angeles for a Milken Institute conference, excessive debt in private markets reminds them of the risk-taking days before the 2008 financial crisis. In the halls of the Beverly Hilton Hotel and in meetings across the city last…
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SoftBank seen returning to loss in Q4 despite tech stock strength By Reuters
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(This May 10 story has been corrected to determine this arm is a subsidiary, but not a wholly-owned subsidiary, of SoftBank (TYO:) Group, per paragraph 3) Written by Anton Bridge TOKYO (Reuters) – Japanese technology investment group SoftBank Group is expected to dip back into the red when it reports…
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US to hold auctions to sell airline warrants received during COVID bailouts By Reuters
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Written by David Shepardson WASHINGTON (Reuters) – The U.S. Treasury Department said on Friday it plans to hold a series of auctions to sell stock warrants in U.S. airlines it received after Congress approved $54 billion in aid for air carriers in 2020 and 2021 due to the coronavirus. Of…
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Cuba accuses online news site of US-backed plot to sabotage economy By Reuters
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HAVANA (Reuters) – The Cuban government and independent news site El Toque traded blows this week after state-run media accused the site of manipulating the black market currency exchange rate to impoverish Cubans and spark unrest on the Caribbean island. El Toque (eltoque.com) has angered the administration of Cuban President…
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Cuba accuses online news site of US-backed plot to sabotage economy By Reuters
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HAVANA (Reuters) – The Cuban government and independent news site El Toque traded blows this week after state-run media accused the site of manipulating the black market currency exchange rate to impoverish Cubans and spark unrest on the Caribbean island. El Toque (eltoque.com) has angered the administration of Cuban President…
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US Postal Service wants 25% price hike for high-volume package shipping By Reuters
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Written by David Shepardson WASHINGTON (Reuters) – The U.S. Postal Service said on Friday it is seeking an average 25% price increase for high-volume shippers to enter packages for regional delivery through its Parcel Select service. The price hike, which will take effect on July 14 and must be approved…
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Zimbabwe to fine businesses not using official new exchange rate By Reuters
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HARARE (Reuters) – Zimbabwe will impose fines on companies that use inflated exchange rates as the government struggles to preserve the value of its new gold-backed currency, Zimbabwe Gold (ZiG). Any company using an exchange rate higher than the official rate of 13.5 zig per U.S. dollar would be liable…
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US consumer sentiment at six-month low; inflation expectations rise By Reuters
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Written by Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence fell to a six-month low in May as households worried about rising costs of living and unemployment, but economists cautioned against drawing conclusions about the implications for the economic outlook. The larger-than-expected decline in sentiment reported by the University of…
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After layoffs, Musk says Tesla to spend $500 million on charging network By Reuters
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(Reuters) – Tesla CEO Elon Musk said on Friday that the company will spend more than $500 million this year to expand its fast charging network, days after the employees who were running the company were abruptly laid off. “Just to reiterate: Tesla (NASDAQ:) will spend more than $500 million…
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Futures rise ahead of data, speeches from Fed officials By Reuters
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(Reuters) – US stock index futures rose on Friday, with focus on the speeches of Federal Reserve officials (the US central bank) after economic data issued this week supported bets on lowering US interest rates and raised investor sentiment. Wall Street indexes returned to record levels after last month’s sell-off,…
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Honda sees full-year profit rising 2.8% By Reuters
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TOKYO (Reuters) – Japan Honda Motor Co. (NYSE:) forecast a 2.8% increase in operating profit for this fiscal year, after beating analysts’ estimates in the fourth quarter as strong sales growth in the United States offset a decline in China. Full-year operating profit for Japan’s second-largest automaker by volume is…
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Japan’s consumer spending extends declines as outlook weakens By Reuters
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Written by Satoshi Sugiyama and Tetsushi Kagimoto TOKYO (Reuters) – Consumer spending in Japan fell for the 13th straight month in March, creating challenges for policymakers seeking to drive stronger real wage growth, a prerequisite for a hike in interest rates by the central bank. Household spending fell 1.2% in…
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Apple apologizes for iPad Pro ‘Crush’ ad, Ad Age says By Reuters
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(Reuters) – Apple apologized on Thursday after an ad for the latest iPad Pro model sparked criticism by showing an animation of musical instruments and other symbols of creativity being crushed, Ad Age reported. “Our goal is to always celebrate the countless ways users express themselves and bring their ideas…
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Apple apologizes for iPad Pro ‘Crush’ ad, Ad Age says By Reuters
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(Reuters) – Apple apologized on Thursday after an ad for the latest iPad Pro model sparked criticism by showing an animation of musical instruments and other symbols of creativity being crushed, Ad Age reported. “Our goal is to always celebrate the countless ways users express themselves and bring their ideas…
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BOJ’s Ueda signals chance of policy action if yen moves affect inflation By Reuters
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Written by Laika Kihara TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said on Wednesday that the central bank may take action on monetary policy if the yen’s movements have a significant impact on inflation, stepping up its warning about the economic fallout from the currency’s recent sharp declines.…
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BOJ will scrutinise weak yen in guiding monetary policy, says Governor Ueda By Reuters
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