By Tejaswi Marthi and Harish Sridharan (Reuters) -Australian wealth manager AMP Ltd said on Thursday its half-year underlying profit slumped by nearly a quarter, as margin pressure weighed on the …
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- Financial News
Mexico issues measures to mitigate high costs of train cargo as inflation soars
by Reutersby ReutersMEXICO CITY -Mexico’s government on Wednesday said it had issued so-called “emergency directives” for the transportation via train of products in a staple basket of goods with the aim of mitigating high cargo …
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Harvey Weinstein, Chrysler end dueling lawsuits over 2019 Jeep crash
by Reutersby ReutersBy Jonathan Stempel NEW YORK – Harvey Weinstein and the U.S. business of Fiat Chrysler Automobiles agreed to end competing lawsuits over a 2019 crash in which the now-imprisoned former …
- Financial News
Disney tops Netflix on streaming subscribers, sets higher prices
by Reutersby ReutersBy Lisa Richwine and Dawn Chmielewski LOS ANGELES -Walt Disney Co edged past Netflix Inc with a total of 221 million streaming customers and announced it will increase prices for …
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Pelosi says U.S. House will pass Inflation Reduction Act on Friday
by Reutersby ReutersWASHINGTON – U.S. House Speaker Nancy Pelosi said on Wednesday the House of Representatives would pass the Inflation Reduction Act on Friday. In a letter to Democratic colleagues, Pelosi called …
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By Ana Mano SAO PAULO -Brazilian pork and poultry processor BRF SA on Wednesday reported a second-quarter net loss of 468 million reais ($91.86 million), wider than the 156.93 million …
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(Reuters) – California on Wednesday set ambitious new targets for offshore wind development, saying turbines along its storied coastline would power some 25 million homes by 2050. In a unanimous …
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Banco do Brasil boosts full-year forecasts after Q2 profit beat
by Reutersby ReutersBy Gabriel Araujo and Aluisio Alves SAO PAULO -Brazilian state-controlled lender Banco do Brasil SA on Wednesday increased its full-year 2022 results forecasts after delivering better-than-expected second quarter earnings, boosted …
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Musk seeks to question Twitter employees who count bots -source
by Reutersby ReutersBy Sheila Dang (Reuters) -Elon Musk’s legal team is demanding that Twitter Inc <TWTR.N> turn over the names of employees responsible for calculating what percentage of the social media site’s …
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Shock, shame among some Muslims as Afghan accused of New Mexico murders
by Reutersby ReutersBy Andrew Hay ALBUQUERQUE, N.M. -Muslims in New Mexico interviewed on Wednesday said they felt shock and shame at the arrest of a Muslim immigrant from Afghanistan in connection with …
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Indian companies swapping dollar for Asian currencies to buy Russian coal
by Reutersby ReutersBy Sudarshan Varadhan NEW DELHI -Indian companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents and industry sources, avoiding the U.S. dollar …
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By David Shepardson WASHINGTON -The U.S. Federal Communications Commission rejected SpaceX’s Starlink and LTD Broadband’s applications for more than $2 billion in internet service subsidies, the FCC said on Wednesday. …
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U.S. charges Iranian with plotting to murder ex-Trump adviser Bolton
by Reutersby ReutersBy Sarah N. Lynch WASHINGTON -The United States charged a member of Iran’s elite Revolutionary Guard Corps on Wednesday with plotting to murder John Bolton, a national security adviser to …
- Financial News
With reshuffled cabinet, PM Kishida gets to work in choosing next BOJ head
by Reutersby ReutersBy Leika Kihara TOKYO -With a cabinet reshuffle out of the way, Prime Minister Fumio Kishida’s search for the next Bank of Japan (BOJ) governor will intensify in coming months …
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Wall Street rally lifts Nasdaq 20% from low as inflation fears ebb
by Reutersby ReutersBy Herbert Lash and Bansari Mayur Kamdar NEW YORK – Wall Street surged on Wednesday, putting the Nasdaq more than 20% above its June low, after U.S. inflation slowed more …
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China calls U.S. ‘main instigator’ of Ukraine crisis
by Reutersby ReutersLONDON – China, which Russia has sought as an ally since being cold-shouldered by the West over its invasion of Ukraine, has called the United States the “main instigator” of …
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By Lucy Craymer WELLINGTON – New Zealand house prices fell in July with the median price recording its first annual fall since 2011, the Real Estate Institute of New Zealand …
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Exclusive-Google Fiber plans 5-state growth spurt, biggest since 2015
by Reutersby ReutersBy Paresh Dave (Reuters) – Google Fiber plans to bring its high-speed internet service to multiple cities in Arizona, Colorado, Idaho, Nebraska and Nevada over the next several years in …
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By David Gaffen NEW YORK -Oil prices rose on Wednesday, rebounding from losses early in the session, helped by encouraging figures on U.S. gasoline demand and as lower-than-expected U.S. inflation …
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Credit Suisse’s top investor Harris Associates discloses 10% stake
by Reutersby Reuters(Reuters) – Credit Suisse’s top shareholder Harris Associates on Wednesday disclosed a stake of more than 10% in the Swiss bank. The investment firm said in a filing that it …
- Financial News
Bumble cuts annual revenue forecast as Ukraine war, competition bite
by Reutersby ReutersBy Deborah Mary Sophia (Reuters) -Bumble Inc cut its full-year revenue forecast on Wednesday, taking a hit from the war in Ukraine while also grappling with stiff competition from rivals …
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By SinĂ©ad Carew NEW YORK – Wall Street equities rallied and the dollar tumbled after signs of sharply decelerating U.S. inflation prompted bets that the Federal Reserve would raise interest …
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U.S. Steelworkers union welcomes Vice President Harris, jobs programs
by Reutersby ReutersBy Erwin Seba LAS VEGAS -U.S. Vice President Kamala Harris received frequent applause during an address at the United Steelworkers convention on Wednesday, promoting the administration’s infrastructure investment and promising …
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Judge blocks Wyoming abortion ban from taking effect amid legal challenge
by Reutersby ReutersBy Brendan Pierson (Reuters) – A Wyoming judge on Wednesday blocked the state’s near-total ban on abortion from taking effect while doctors, a clinic operator and others sue to invalidate …
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By Fergal Smith (Reuters) – Canada’s main stock index rose on Wednesday to its highest level in two months, with technology stocks leading gains after data showed U.S. inflation rising …