PARIS (Reuters) – The Paris Club said on Friday it was ready to start the debt relief process for Sri Lanka. It reiterated its willingness to coordinate with non-Paris Club official bilateral creditors to provide the necessary financing assurances in a timely manner, the statement said. (Reporting by Dominique Vidalon; Editing by Chris Reese)
(Reuters) – Samsung Electronics Co suffered a cybersecurity breach in late July that exposed personal information of some customers in the United States, the company said on Friday. Customers’ social security numbers and credit card numbers were not affected, but information including name, contact and demographic details, date of birth and product registration data was …
Samsung says some U.S. customer data was exposed in July breach Read More »
BEIJING/SHANGHAI (Reuters) -China will implement an audit agreement with the United States announced last week and will strengthen communication with foreign investors, a senior Chinese securities regulatory official said on Friday. Fang Xinghai, vice chairman of the China Securities Regulatory Commission (CSRC), also told a forum that China would expand mutual access between mainland and …
China securities regulator says will implement Sino-U.S. audit deal Read More »
By Carolyn Cohn and Koh Gui Qing NEW YORK (Reuters) – A rally in world stocks flagged on Friday, while the U.S. dollar retreated from a 24-year high on the yen, after data that showed the U.S. labor market is starting to loosen failed to allay investor fears about aggressive interest rate hikes from the …
Stock rally fizzles, dollar retreats as U.S. jobs glow fade Read More »
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose on Friday on expectations that OPEC+ will discuss output cuts at a meeting on Sept. 5, though concern over China’s COVID-19 curbs and weakness in the global economy loomed over the market. Brent crude futures rose 66 cents to settle at $93.02 a barrel, while U.S. …
By John McCrank NEW YORK (Reuters) -The dollar eased from a 20-year high on Friday after data showed the pace of U.S. hiring rose more than expected in August, but wage growth moderated and unemployment ticked higher, giving the Federal Reserve some wiggle room when it raises interest rates later this month. The U.S. economy …
Dollar set for weekly gain following mixed jobs data Read More »
By Fransiska Nangoy and Bernadette Christina JAKARTA (Reuters) – A meeting of the Group of 20 major economies failed on Friday to produce a formal communique after talks on energy transition, but chair Indonesia said members had backed a non-binding proposal to speed up adoption of cleaner energy. Indonesia, one of the world’s biggest carbon …
Indonesia says G20 meeting fails to agree communique on adopting cleaner energy Read More »
By Julie Zhu HONG KONG (Reuters) -A consortium led by China’s Hollysys Automation Technologies management plans to take the U.S.-listed automation and control system maker private in a deal that would value the firm at $1.8 billion, people with knowledge of the matter said. The management team, led by founder and Chief Executive Officer Wang …
TOKYO (Reuters) -SoftBank Group Corp plans to cut at least 20% of staff at its Vision Fund investment arm, Bloomberg reported on Friday, after Chief Executive Masayoshi Son pledged to cut costs after a record $50 billion loss at the unit in the half year to June 30. The conglomerate will cut at least 100 …
SoftBank to cut at least 20% of Vision Fund staff – BBG Read More »
By Frank Simon and Andreas Buerger FRANKFURT (Reuters) -Pilots at Lufthansa went on strike on Friday, forcing the German airline to cancel hundreds of flights, stranding holidaymakers. The airline said it had cancelled about 800 flights at its main bases in Frankfurt and Munich on Friday, affecting 130,000 passengers, and said it was working flat …
Lufthansa cancels hundreds of flights as pilots strike over pay Read More »
