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Category:

Financial News

  • Financial News

    Nintendo shares jump 5% on record ‘Splatoon’ launch

    by Reuters September 12, 2022
    by Reuters September 12, 2022

    By Sam Nussey TOKYO (Reuters) – Shares in Nintendo Co Ltd jumped 5% on Tuesday after the Japanese gaming company reported record domestic launch sales for its shooter “Splatoon 3” …

  • Financial News

    UK watchdog’s Woodford fund redress may derail Link-Dye & Durham $1.7 billion buyout

    by Reuters September 12, 2022
    by Reuters September 12, 2022

    By Huw Jones LONDON (Reuters) -Link Fund Solutions, which managed the collapsed LF Woodford Equity Income Fund, could be forced to pay up to 306 million pounds ($358 million) in …

  • Financial News

    Japan’s Aug wholesale inflation hits 9% as price rises broaden

    by Reuters September 12, 2022
    by Reuters September 12, 2022

    By Leika Kihara TOKYO (Reuters) -Japan’s wholesale prices rose 9.0% in August from the previous year, matching the annual pace of growth in July, data showed on Tuesday, signalling that …

  • Financial News

    Exclusive-IMF eyes expanded access to emergency aid for food shocks – sources

    by Reuters September 12, 2022
    by Reuters September 12, 2022

    By Jorgelina do Rosario and Andrea Shalal LONDON/WASHINGTON (Reuters) -The International Monetary Fund’s executive board, under pressure to provide emergency funding to countries facing war-induced food price shocks, reviewed a …

  • Financial News

    Fed set for another 75-basis-point rate hike; early pivot unlikely: Reuters poll

    by Reuters September 12, 2022
    by Reuters September 12, 2022

    By Prerana Bhat and Indradip Ghosh BENGALURU (Reuters) – The Federal Reserve will deliver another 75-basis-point interest rate hike next week and likely hold its policy rate steady for an …

  • Financial News

    BOJ is nowhere near shifting monetary policy to support yen

    by Reuters September 12, 2022
    by Reuters September 12, 2022

    By Leika Kihara TOKYO (Reuters) -The yen may be near 24-year lows, but Japan’s central bank is not even close to trying to support it with higher interest rates. That …

  • Financial News

    China’s Aug auto sales jump 32% with strong EV demand

    by Reuters September 12, 2022
    by Reuters September 12, 2022

    SHANGHAI (Reuters) – China’s auto sales reached 2.38 million units in August, increasing 32.1% from a year ago, as they extended a recovery led by electric vehicles (EV) whose sales …

  • Financial News

    Wall Street posts fourth straight day of gains ahead of CPI report

    by Reuters September 12, 2022
    by Reuters September 12, 2022

    By Stephen Culp NEW YORK (Reuters) – Wall Street extended its winning streak on Monday, rallying to a sharply higher close as investors awaited crucial inflation data that could provide …

  • Financial News

    Cheniere Energy boosts buyback, earnings forecast

    by Reuters September 12, 2022
    by Reuters September 12, 2022

    (Reuters) -The largest U.S. liquefied natural gas exporter, Cheniere Energy Inc, on Monday raised its earnings outlook and laid out plans to pay higher dividends and share repurchases while adding …

  • Financial News

    Oracle meets revenue targets on Cerner boost, cloud strength

    by Reuters September 12, 2022
    by Reuters September 12, 2022

    By Akash Sriram (Reuters) -Oracle Corp met Wall Street targets for first-quarter revenue on Monday as the enterprise software maker started to reap the benefits of buying healthcare IT firm …

  • Financial News

    GM’s Cruise robotaxi unit to offer driverless rides in Phoenix, Austin this year

    by Reuters September 12, 2022
    by Reuters September 12, 2022

    By Hyunjoo Jin SAN FRANCISCO (Reuters) -General Motors’ self-driving technology unit Cruise plans to expand its driverless ride service to include Phoenix, Arizona, and Austin, Texas, in 90 days, Cruise …

  • Financial News

    Goldman Sachs set to cut jobs this month – source

    by Reuters September 12, 2022
    by Reuters September 12, 2022

    By Saeed Azhar NEW YORK (Reuters) -Goldman Sachs Group Inc will cut jobs as early as this month after pausing the annual practice for two years during the pandemic, according …

  • Financial News

    Most Twitter shareholders vote in favor of sale to Musk -sources

    by Reuters September 12, 2022
    by Reuters September 12, 2022

    By Svea Herbst-Bayliss (Reuters) -A majority of Twitter Inc’s shareholders have voted in favor of the social media company’s $44 billion sale to Elon Musk, people familiar with the tally …

  • Financial News

    IMF says review of Argentina debt program on course

    by Reuters September 12, 2022
    by Reuters September 12, 2022

    (Reuters) – The International Monetary Fund Managing Director Kristalina Georgieva said on Monday that a staff-level agreement with Argentina should be concluded in coming days as the organization conducts a …

  • Financial News

    SEC charges VMware with misleading investors by obscuring financial performance

    by Reuters September 12, 2022
    by Reuters September 12, 2022

    By Kanishka Singh WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said on Monday it has charged cloud computing company VMware Inc with misleading investors by obscuring its financial …

  • Financial News

    Most Twitter shareholders vote in favor of sale to Musk-sources

    by Reuters September 12, 2022
    by Reuters September 12, 2022

    By Svea Herbst-Bayliss (Reuters) – A majority of Twitter Inc’s shareholders have voted in favor of the social media company’s $44 billion sale to Elon Musk, people familiar with the …

  • Financial News

    Bezos’ Blue Origin suffers rocket failure during uncrewed mission

    by Reuters September 12, 2022
    by Reuters September 12, 2022

    By Joey Roulette WASHINGTON (Reuters) -A rocket from Jeff Bezos’ space company Blue Origin failed mid-flight shortly after liftoff on Monday, aborting its cargo capsule to safety before crashing into …

  • Financial News

    Chile launches plan to boost investment to address weakened economy

    by Reuters September 12, 2022
    by Reuters September 12, 2022

    By Natalia A. Ramos Miranda (Reuters) – Chile’s government launched a plan on Monday to promote investment into 2023 that includes an array of tax breaks for the world’s largest …

  • Financial News

    Japan liquor businesses turn to non-alcoholic drinks to attract Gen Z

    by Reuters September 12, 2022
    by Reuters September 12, 2022

    By Irene Wang and Tom Bateman TOKYO (Reuters) -Bucking the age-old stereotype of hard-drinking college students, Manaka Okamoto considers the next day’s schedule before cracking open an alcoholic beverage. “If …

  • Financial News

    AstraZeneca beats U.S. shareholder lawsuit over COVID vaccine disclosures

    by Reuters September 12, 2022
    by Reuters September 12, 2022

    By Jonathan Stempel NEW YORK (Reuters) -AstraZeneca Plc on Monday won the dismissal of a U.S. shareholder lawsuit claiming that it concealed problems in developing its COVID-19 vaccine, making it …

  • Financial News

    U.S. shares rally while oil climbs, dollar dips

    by Reuters September 12, 2022
    by Reuters September 12, 2022

    By SinĂ©ad Carew New York (Reuters) – Wall Street equity indexes closed higher on Monday as some investors bet that August data would show easing U.S. inflation while others were …

  • Financial News

    Amazon’s offer to end EU antitrust probe is full of loopholes, NGOs say

    by Reuters September 12, 2022
    by Reuters September 12, 2022

    By Foo Yun Chee BRUSSELS (Reuters) – Amazon’s proposal to halt certain online selling and marketing practices in a bid to avert possible hefty EU antitrust fines should be rejected …

  • Financial News

    Bank of America is fined $5 million for failing to report 7.42 million options positions

    by Reuters September 12, 2022
    by Reuters September 12, 2022

    (Reuters) -A U.S. regulator on Monday fined Bank of America Corp $5 million for failing to report over-the-counter options positions approximately 7.42 million times, making it harder to monitor markets …

  • Financial News

    Dollar eases back from recent gains as focus on U.S. inflation data; euro jumps

    by Reuters September 12, 2022
    by Reuters September 12, 2022

    By Caroline Valetkevitch NEW YORK (Reuters) – The dollar fell to its lowest level in more than two weeks against a basket of currencies on Monday following recent strong gains, …

  • Financial News

    U.S. inflation day

    by Reuters September 12, 2022
    by Reuters September 12, 2022

    (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever Investors get the latest U.S. inflation figures on Tuesday, which will set the seal – or …

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