Japan to respond appropriately to excessive volatility, govt spokesperson says
TOKYO (Reuters) - Japanese Chief Cabinet Secretary Yoshimasa Hayashi said on Tuesday the authorities are closely watching currency moves and will respond appropriately to excessive volatility. Hayashi, the country's top government spokesperson, mad...
22h ago
China's BYD launches third EV model in Japan
TOKYO (Reuters) - China's BYD launched its third electric vehicle in Japan, it said on Tuesday, a sedan that will be its most expensive model on offer so far in a market where consumers have long favoured domestic brands. The Shenzhen-based automak...
22h ago
Boeing bid for Spirit Aero values 737 supplier at $35/shr, Bloomberg News reports
(Reuters) -Boeing has offered to acquire Spirit AeroSystems Holdings Inc in a deal funded mostly by stock that values the key supplier at about $35 per share, Bloomberg News reported on Monday, citing people familiar with the matter. This offer represe...
23h ago
Oil prices steady as markets weigh supply tensions, China economic recovery
(Reuters) - Oil prices were little changed on Tuesday as worries about China's economic recovery prospects offset supply concerns stemming from tensions in the Middle East and Ukrainian attacks on Russian refineries. Brent futures for August delive...
23h ago
Dollar flirts with key 160 yen level as intervention risk looms
By Rae Wee SINGAPORE (Reuters) - The battered yen languished near the 160 per dollar level on Tuesday and kept traders on high alert for any intervention from Japanese authorities to prop up the currency, while the greenback edged a touch higher in...
23h ago
Australia consumers balance budget relief against rate risks
SYDNEY (Reuters) - Australian consumer sentiment rebounded modestly in June as the promise of imminent tax cuts lightened the mood, a survey showed on Tuesday, though the risk of yet higher borrowing costs loomed in the background. The Westpac-Melb...
Jun 25, 2024
Exclusive-US probing China Telecom, China Mobile over internet, cloud risks
By Alexandra Alper WASHINGTON (Reuters) - The Biden administration is investigating China Mobile, China Telecom and China Unicom over concerns the firms could exploit access to American data through their U.S. cloud and internet businesses by provi...
Jun 25, 2024
Apple, Meta not in talks currently for AI partnership, Bloomberg News reports
(Reuters) - Apple has rejected overtures by Meta Platforms to integrate the social networking company's AI chatbot into the iPhone months ago, Bloomberg News reported on Monday, citing people with knowledge of the matter. The companies are not in d...
Jun 24, 2024
US says seven airlines eligible to apply for new daily Washington flights
WASHINGTON (Reuters) - The U.S. Transportation Department said on Monday that seven major airlines are eligible to apply for five new daily roundtrip flights from Washington Reagan National airport. On May 16, President Joe Biden signed legislation creating the new flights at the busy airport in Arlington, Virginia, ou...
Jun 24, 2024
Warren Buffett's PacifiCorp reaches $150 million wildfire settlement
By Jonathan Stempel (Reuters) - PacifiCorp, a utility owned by Warren Buffett's Berkshire Hathaway, agreed to a $150 million settlement with 378 plaintiffs arising from one of the 2020 wildfires that devastated parts of Oregon and northern Californ...
Jun 24, 2024
US Treasury to devote extra $100 million over 3 years to affordable housing
By David Lawder WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen announced $100 million in new financing on Monday to increase the supply of affordable housing, as the Biden administration seeks to address high housing costs ahead of the...
Jun 24, 2024
Boeing 737 MAX crash victim families ask judge to name corporate monitor
WASHINGTON (Reuters) - Family members of victims killed in two Boeing 737 MAX crashes asked a U.S. judge to name a corporate monitor to examine the planemaker's safety and corporate compliance procedures. In a court filing, the family members asked...
Jun 24, 2024
Grail bets big on flagship cancer test after spin-off from Illumina
By Julie Steenhuysen CHICAGO (Reuters) - U.S. cancer diagnostic test maker Grail, which will list its shares on the Nasdaq on Tuesday after being spun out of Illumina, is betting that commercial partnerships with health systems, employers and life ...
Jun 24, 2024
TWFG Insurance makes US IPO filing public
(Reuters) - Insurer TWFG made public its paperwork for an initial public offering in the United States on Monday. The terms of the deal were not disclosed in the filing. The insurer will list its shares on Nasdaq Global Market, under the symbol "TW...
Jun 24, 2024
Argentina jobless rate jumps as technical recession confirmed
BUENOS AIRES (Reuters) - Unemployment in Argentina jumped in the first quarter, official numbers showed on Monday, with data also confirming a technical recession with two consecutive quarters of economic contraction. The jobless rate of the South ...
Jun 24, 2024
Paramount Global to raise prices for its streaming plans
(Reuters) - Paramount Global is raising subscription rates for its flagship streaming services, the media giant said on Monday, as it looks to recalibrate its business and pay off debt. The revision in pricing comes at a time when merger talks betw...
Jun 24, 2024
Uber beats lawsuit alleging race bias in driver ratings
By Daniel Wiessner (Reuters) -A U.S. appeals court on Monday tossed out a proposed class action claiming Uber Technologies' policy of terminating drivers with low passenger ratings is racially discriminatory. The San Francisco-based 9th U.S. Circuit Co...
Jun 24, 2024
Sri Lanka to re-engage with private creditors imminently, sources say
By Karin Strohecker and Rodrigo Campos NEW YORK (Reuters) - Formal negotiations between Sri Lankan authorities and international private creditors on over $12 billion in bonds are set to resume imminently after a group of bondholders signed non-dis...
Jun 24, 2024
AT&T wants Big Tech companies to pay into telecom, broadband subsidy fund
WASHINGTON (Reuters) - AT&T CEO John Stankey said on Monday that Congress should give the Federal Communications Commission the power to require Big Tech firms to contribute to a government fund that subsidizes access to telecom and broadband servi...
Jun 24, 2024
Rite Aid defeats MedImpact in $200 million Elixir sale dispute
By Dietrich Knauth NEW YORK (Reuters) - MedImpact's attempt to recoup about $200 million related to its purchase of Rite Aid's pharmacy benefit unit failed after a judge ruled on Monday that it took on Elixir's debts when it bought the company. U.S...
Jun 24, 2024
Automakers ask US agency to reconsider emergency braking rule
(Reuters) - A group representing major automakers asked the National Highway Traffic Safety Administration to reconsider its new rule requiring nearly all new cars and trucks by 2029 to have advanced automatic emergency braking systems. The Allianc...
Jun 24, 2024
Electric-vehicle maker Rivian simplifies output, cuts costs, aiming for first profit
By Abhirup Roy NORMAL, Illinois (Reuters) - Electric-vehicle maker Rivian's drive to cut costs and turn its first profit has removed over 100 steps from the battery-making process, 52 pieces of equipment from the body shop and over 500 parts from t...
Jun 24, 2024
Airbus cuts delivery target and delays production goal
PARIS (Reuters) - Airbus on Monday lowered its 2024 total delivery target to around 770 airplanes from around 800 and pushed back its target of reaching production of 75 narrow-body airplanes. (Reporting by Tim Hepher; Editing by Chris Reese)
Jun 24, 2024
Canada considers imposing import tariffs on Chinese EVs
By David Ljunggren and Ismail Shakil OTTAWA (Reuters) -Canada is considering whether to impose import tariffs on Chinese-made electric vehicles and will seek the public's opinion about the idea, Deputy Prime Minister Chrystia Freeland said on Monday. F...
Jun 24, 2024
Rising US labor costs threaten to derail new LNG projects
By Curtis Williams HOUSTON(Reuters) - A shortage of skilled labor and nagging inflation from strong wage growth on the U.S. Gulf Coast are pressuring liquefied natural gas (LNG) developers and delaying some projects from reaching a financial go-ahe...
Jun 24, 2024