By Nivedita Balu (Reuters) – Tesla Inc boss Elon Musk on Monday disclosed a 9.2% stake in Twitter Inc, worth nearly $3 billion, making him the micro-blogging site’s largest shareholder…
MANILA – The World Bank cut its growth forecast for East Asia and the Pacific for 2022 to reflect the economic impact of Russia’s invasion of Ukraine, warning the region…
By Katie Paul (Reuters) – Facebook owner Meta Platforms briefly restricted hashtags related to civilian deaths in northern Ukraine, where bodies of people shot at close range were found in…
By Daniel Leussink TOKYO -Japan’s household spending rose for a second consecutive month year-on-year in February, helped by a flattering comparison with last year’s sharp pandemic-induced slump but the consumer…
By Rodrigo Viga Gaier and Gabriel Araujo RIO DE JANEIRO -Energy consultant Adriano Pires has backed out of the Brazilian government’s nomination for him to take the helm at Petrobras,…
(Reuters) – Amazon.com Inc staff included the words “union,” “grievance,” and “living wage” on a preliminary list of terms to block from an internal messaging app it was considering creating…
TOKYO – Japan’s central bank should hike interest rates to ensure the country will not fall out of lockstep with the rest of the world in its monetary policy, an…
By Iain Withers and Carolyn Cohn LONDON – Major British financial companies collectively narrowed their gender pay gaps last year, but some went into reverse gear, including UBS and Deutsche…
By Simon Jessop LONDON – Thirty-four investors managing more than $7 trillion in assets have warned 17 of Europe’s largest companies, including BP and Volkswagen, that they could challenge board…
By Joyce Lee SEOUL – Samsung Electronics Co Ltd is likely to post its highest first-quarter profit since 2018, analysts’ estimates showed, driven by brisk profits on memory chips as…
By Rachel Savage and Marc Jones LONDON -The fallout of the Russia and Ukraine war has just helped tip two of world’s poorest countries into full-blown crises, and the list…
(Reuters) – Gaming platform Roblox Corp’s founder and chief executive officer David Baszucki’s compensation package for 2021 totaled $232.8 million, compared with just $6.8 million a year earlier, according to…
By Hilary Russ NEW YORK -Starbucks Corp will pause billions of dollars of stock buybacks to invest more in employees and stores, longtime former chief executive Howard Schultz said on…
By Luc Cohen NEW YORK – A U.S. prosecutor on Monday urged jurors to convict a former senior Goldman Sachs banker for helping loot billions of dollars from Malaysia’s 1MDB…
By Sabrina Valle HOUSTON -Exxon Mobil Corp on Monday said its first-quarter results could top a seven-year quarterly record, with operating profits from pumping oil and gas alone of up…
(Reuters) – Disruptive Technology Solutions LLC and affiliated funds have filed a demand for arbitration against Wall Street bank Morgan Stanley with the Financial Industry Regulatory Authority, the Wall Street…
By Lewis Krauskopf, Bansari Mayur Kamdar and Praveen Paramasivam (Reuters) – The benchmark S&P 500 index rose on Monday, boosted by megacap tech and growth stocks and a surge in…
By Laura Sanicola (Reuters) -Jet fuel prices are soaring on the U.S. East Coast, home to some of the world’s busiest airports, with buyers anticipating a worsening shortage as supply…
By Caroline Valetkevitch NEW YORK – Stocks on global indexes rose on Monday, with the Nasdaq and growth names leading gains on Wall Street, while the U.S. dollar strengthened on…
By Michelle Price WASHINGTON – Jamie Dimon, CEO of JPMorgan Chase & Co, published his closely watched annual letter to shareholders on Monday, covering critical issues including the war in…
By Elizabeth Dilts Marshall and Matt Scuffham NEW YORK -JPMorgan could lose about $1 billion on its Russia exposure, Chief Executive Jamie Dimon said on Monday, detailing the extent of…
ATHENS – Greece has paid off the final tranches of bailout loans owed to the International Monetary Fund earlier than expected, the finance ministry said on Monday. Greece has received…
By Katanga Johnson WASHINGTON -Gary Gensler, the head of the U.S. securities regulator, said on Monday the agency is weighing how it could extend investor protections afforded to users of…
By Stephanie Kelly NEW YORK -Oil prices jumped over 3% on Monday, with investors worried about tighter supply as mounting civilian deaths in Ukraine increased pressure on European countries to…
SAO PAULO – Mercedes-Benz Group will put more than five thousand workers on collective vacation in two plants in Brazil due to the shortage of semiconductor chips, the company said…