By Lucy Craymer WELLINGTON (Reuters) – Jacinda Ardern won over many New Zealand farmers with effective COVID-19 policies, but the influential rural bloc has soured on her as out of touch, weighing on the chances for the prime minister’s successor to stay in power. Ardern make the shock announcement on Thursday that she was resigning, …
New Zealand farmers sour on Ardern’s Labour, complicating new PM’s path Read More »
By Jody Godoy SAN FRANCISCO (Reuters) -Elon Musk, Tesla Inc’s chief executive, testified on Friday that investors do not always react to his Twitter messages as he expects, defending himself in a fraud trial over his 2018 tweet that he had funding to take the electric carmaker private. Musk’s testimony began with questions about his …
Musk to jury: Just because I tweet something, doesn’t mean people believe it Read More »
(Reuters) – Memory chip maker Western Digital Corp and Japan’s Kioxia Holdings Corp are in advanced talks for a possible merger which will involve a dual-listing, Bloomberg News reported on Friday. A combined Kioxia-Western Digital would control a third of the NAND flash market, putting it on par with South Korea’s Samsung Electronics . In …
Western Digital, Kioxia in advanced talks for merger – Bloomberg News Read More »
SEOUL (Reuters) – South Korea’s exports for the first 20 days of January fell 2.7% from a year earlier, but the pace of drop was slower than that recorded in December, customs data showed on Saturday. In December, South Korean exports fell 9.0% on-year during the first 20 days and declined 9.6% for the full …
South Korean exports fall 2.7% in Jan 1-20 period Read More »
By Jeffrey Dastin (Reuters) – Google’s parent Alphabet Inc is cutting about 12,000 jobs as it faces “a different economic reality”, it said in a staff memo, doubling down on artificial intelligence (AI) and axing staff who support experimental projects. The job cuts affect 6% of its workforce, and follows thousands of layoffs at tech …
Alphabet cuts 12,000 jobs after pandemic hiring spree, refocuses on AI Read More »
MANILA (Reuters) – A Philippine bank at the centre of an unsolved $81 million cyber heist has appealed a New York Supreme Court decision to dismiss the bank’s motion to throw out the Bangladesh central bank’s lawsuit against it. In February 2016, unidentified hackers used fraudulent orders on the SWIFT payments system to steal $81 …
Philippine bank at centre of cyber heist appeals New York court loss to Bangladesh Read More »
TOKYO (Reuters) -Japan Tobacco Inc, the cigarette conglomerate one-third owned by the government, is facing a shareholder motion to sell off its listed drug unit Torii Pharmaceutical Co to boost shareholder value. Hong Kong-based activist fund LIM Advisors called on Japan Tobacco, in a letter reviewed by Reuters, to divest its 53% stake in the …
Japan Tobacco urged to sell drug unit by activist shareholder LIM Read More »
By Alden Bentley and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Profit taking dampened a dollar surge against the yen on Friday, but the buck ended higher and still logged the biggest weekly gain since early December, as the Japanese currency remained on the defensive after the Bank of Japan governor repeated that the central bank …
Dollar ends up vs yen, as super easy BOJ policy seems here for a while Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – Global equity indexes rose sharply on Friday, with Wall Street rallying after a jump in Netflix and Alphabet shares, while the U.S. dollar had its biggest daily percentage gain against the yen in about two weeks as the Bank of Japan governor repeated the central bank will maintain …
Stocks rally with Netflix; dollar jumps vs yen after BOJ governor remarks Read More »
By Laila Kearney NEW YORK (Reuters) -Oil settled up about $1 a barrel on Friday and notched a second straight weekly gain as China’s economic prospects brightened, boosting expectations for fuel demand in the world’s second-biggest economy. China’s lifting of COVID-19 restrictions should bring global demand to a record high this year, the International Energy …
Oil settles up more than 1% on China demand outlook, second weekly gain Read More »
