By David Ljunggren and Paresh Dave -Russia’s communications regulator has blocked the news aggregator service of Alphabet Inc’s Google, accusing it of allowing access to what it calls fake material …
Financial News
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U.S. jury finds former Boeing 737 MAX pilot not guilty in fraud case
by Reutersby ReutersBy David Shepardson -A Texas jury on Wednesday found a former chief technical pilot for Boeing not guilty of deceiving federal regulators who approved the company’s 737 MAX jet which …
- Financial News
South Korea central bank governor nominee Rhee says inflation, economic risks mounting
by Reutersby ReutersSEOUL – South Korea’s nominee for its new central bank chief said on Thursday worries about inflationary and economic risks are mounting and that he would thoroughly review how to …
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BOJ policymakers saw chance of inflation overshoot in January – minutes
by Reutersby ReutersBy Leika Kihara TOKYO -Bank of Japan policymakers agreed that consumer inflation may overshoot their expectations if companies pass on rising costs quicker than forecast, minutes of the central bank’s …
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Japan’s March factory activity up, Ukraine crisis weighs on outlook – flash PMI
by Reutersby ReutersTOKYO – Japan’s manufacturing activity sped up in March from the prior month as a reduction in COVID-19 cases in the country helped lift orders and production, however, surging input …
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Toshiba’s spin-off plan up against much opposition at Thursday’s shareholder vote
by Reutersby ReutersBy Makiko Yamazaki TOKYO – Japan’s troubled Toshiba Corp goes into a critical shareholder vote later on Thursday facing very long odds for winning support for its plan to spin-off …
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– Australia and New Zealand Banking Group said on Thursday it carried out an Australian dollar stablecoin payment, in a landmark transaction to become the first Australian lender to mint …
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NEW YORK -More than a year after retail investors, aided by social media, forced an epic squeeze of a handful of heavily shorted stocks, a few of the famous “meme” …
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-National Australia Bank Ltd, the country’s No. 2 lender, said on Thursday it will start a further on-market share buyback of up to A$2.5 billion ($1.87 billion), following the completion …
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– Hertz Global Holdings Inc has added Tesla Inc’s electric mid-size SUV Model Y to its electric vehicle fleet, according to the car rental firm’s website. The development comes months …
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Tesla, Lucid supplier LGES plans to build $1.4 billion battery factory in Arizona
by Reutersby ReutersBy Hyunjoo Jin and Heekyong Yang SAN FRANCISCO/SEOUL -LG Energy Solution (LGES), a supplier for electric car makers Tesla and Lucid, said on Thursday in Korea it plans to invest …
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-The Russian rouble closed on Wednesday at its strongest this month against the dollar both in Moscow and offshore exchanges after President Vladimir Putin said Russia would start selling its …
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As sanctions bite Russia, fertilizer shortage imperils world food supply
by Reutersby ReutersBy Tom Polansek and Ana Mano CHICAGO – Sky-high fertilizer prices have farmers worldwide scaling back its use and reducing the amount of land they’re planting, fallout from the Ukraine-Russia …
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U.S. airline CEOs urge Biden to lift COVID mask mandate -letter
by Reutersby ReutersBy David Shepardson WASHINGTON -The chief executives of American Airlines, United Airlines, Delta Air Lines and other carriers on Wednesday urged U.S. President Joe Biden to end a federal mask …
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U.S. farm groups urge sowing on protected land as war cuts off Ukraine supply
by Reutersby ReutersBy Leah Douglas, Christopher Walljasper and Karl Plume CHICAGO – Farm groups are urging the U.S. Agriculture Department to allow farmers the ability to plant on acres set aside for …
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– Fitch will withdraw ratings on all Russian entities and their subsidiaries in order to comply with European Union sanctions, the ratings agency said on Wednesday, as Western nations tighten …
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ZURICH -Credit Suisse Group said on Wednesday that a court in Bermuda was poised to issue a ruling against a local life insurance subsidiary of the Swiss bank that could …
- Financial News
Toyota, Aurora test-drive autonomous ride-hailing fleet in Texas
by Reutersby ReutersBy Hyunjoo Jin SAN FRANCISCO – Japan’s Toyota Motor and Aurora Innovation Inc, a U.S. developer of automated driving systems, have started testing autonomous ride-hailing fleet in Texas, with two …
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MILAN – U.S. investment firm KKR is keeping its request to access Telecom Italia’s data for a due diligence analysis before it can formalise its takeover bid, a person close …
- Financial News
Wall St drops as oil rally, Russia-Ukraine conflict fuel worries
by Reutersby ReutersBy Caroline Valetkevitch NEW YORK – All three major U.S. stock indexes ended more than 1% lower on Wednesday as oil prices jumped and Western leaders began gathering in Brussels …
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Fed officials nod to big rate hikes to fight ‘inflation, inflation, inflation’
by Reutersby ReutersBy Ann Saphir and Lindsay Dunsmuir -Federal Reserve policymakers on Wednesday signaled they stand ready to take more aggressive action to bring down unacceptably high inflation, including a possible half-percentage-point …
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By Lawrence Delevingne -Wall Street pushed stocks and Treasury yields down on Wednesday after both had powered higher earlier in the week as investors took in the strength of the …
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By Paresh Dave – Alphabet-owned Google will not help websites, apps and YouTube channels sell ads alongside content that it deems exploits, dismisses or condones the ongoing Russia-Ukraine conflict, the …
- Financial News
U.S. will ‘absolutely’ hit Chinese firms if they violate export controls on Russia, says Raimondo
by Reutersby ReutersBy Andrea Shalal WASHINGTON -The United States will “absolutely” enforce export controls if Chinese companies send semiconductors to Russia that were made with U.S technology, a move that could “essentially …
- Financial News
Egypt requests IMF support as economy buffeted by Ukraine spillover
by Reutersby ReutersCAIRO -Egypt has asked for the International Monetary Fund’s support to implement a comprehensive economic programme, the IMF said on Wednesday. Continued exchange rate flexibility would be essential to absorb …