By Akash Sriram and Jeffrey Dastin (Reuters) -Amazon.com Inc on Thursday reported quarterly sales and profit ahead of expectations, projecting confidence in its cloud business despite a clampdown in customers’ spending and touting how its aggressive cost cuts were starting to pay off. Shares rose 8% in extended trading, also bolstered by a forecast for …
Amazon revenue beats on stable online demand, cloud strength Read More »
By Danielle Broadway LOS ANGELES (Reuters) -Netflix Inc has increased the number of Asian and women in lead roles, but still lags in representing Latinos, the disabled and women of color, a study by the streaming platform and the University of Southern California (USC) found. While Hollywood has made strides in diversity in recent years, …
Netflix boosts Asian leads, lags in Latino roles – report Read More »
(Reuters) – U.S. Senator Joe Manchin on Wednesday threw his support behind a legislative effort to repeal President Joe Biden’s suspension of tariffs on solar panel imports from four Southeast Asian nations that are the industry’s primary suppliers. He is the first Democrat to co-sponsor a resolution introduced by Senator Rick Scott, a Republican, in …
U.S. Sen. Manchin joins effort to repeal Biden solar tariff waiver Read More »
By Mimosa Spencer NEW YORK (Reuters) – As Tiffany & Co. celebrates its freshly refurbished New York City flagship, “The Landmark,” behind the scenes, top executives are also focused on a retail overhaul further afield — in China, its second biggest market. “There is huge opportunity for Tiffany in China,” Tiffany & Co. Chief Executive …
LVMH zeros in on China for global Tiffany & Co overhaul Read More »
By Blake Brittain (Reuters) – TikTok rival Triller Inc has agreed to pay Sony Music Entertainment more than $4.5 million to resolve claims that Triller breached an agreement covering its use of musicians’ songs on the platform, according to a Wednesday filing in Manhattan federal court. Sony Music said Triller admitted to liability and would …
Triller to pay Sony Music $4.5 million in US music rights case Read More »
(This story has been corrected to say that recall was by Taipei’s health department, not Taiwan, in paragraphs 1, 2 and the headline) JAKARTA (Reuters) – Indonesia’s food regulator on Thursday said a popular product from one of the world’s biggest instant noodle brands was safe for consumption in the country, despite its recall in Malaysia and in …
Indonesia regulator says instant noodle brand safe, despite Taipei, Malaysia recall Read More »
(Corrects Hokkaido Electric Power Co Inc results in fourth paragraph to reflect consolidated figures, corrects combined loss figure to 134 billion yen) By Katya Golubkova and Yuka Obayashi TOKYO (Reuters) – Japan’s Hokuriku Electric Power Co, Hokkaido Electric Power Co Inc and Shikoku Electric Power Co Inc reported a combined loss of 134 billion yen …
Three major Japanese utilities report $1 billion loss on high fuel prices Read More »
By Jeslyn Lerh SINGAPORE (Reuters) – Residual fuel oil stocks at key trading hub Singapore fell to four-week lows, with net imports easing by 19% after jumping last week, official data showed on Thursday. Onshore fuel oil stocks were down at 23.06 million barrels (3.63 million tonnes) in the week to April 26, sliding 2% …
Singapore fuel oil stocks slip to four-week lows; net imports ease 19% Read More »
BEIJING (Reuters) – China said on Thursday that Taiwan was inviting “wolves” into the home by hosting a U.S. defence industry forum next week, and that the U.S. military-industrial complex sought to export war for profit. The United States is Chinese-claimed Taiwan’s most important arms provider despite the lack of formal diplomatic ties, and the …
China says Taiwan inviting ‘wolves’ with US defence industry forum Read More »
By Tomo Uetake TOKYO (Reuters) – Japan’s major life insurers plan to increase holdings of Japanese government bonds (JGBs) this fiscal year amid expectations bond prices will fall if the Bank of Japan tweaks its ultra-loose monetary policy. Market players expect new Bank of Japan (BOJ) Governor Kazuo Ueda is likely to keep monetary settings …
Japan’s life insurers plan to boost JGBs, eye more BOJ policy tweaks Read More »
