TOKYO (Reuters) – Julie Hamp, a former Toyota Motor Corp executive who was arrested and then released in Japan in 2015 over the suspected illegal importation of the painkiller oxycodone, has returned to the company, it said on Thursday. The American, who was the automaker’s first female managing officer, has been appointed to a senior …
Ex-exec Hamp arrested in 2015 on drug offence returns to Toyota Read More »
TOKYO (Reuters) -Japan’s Sumitomo Mitsui Financial Group (SMFG) Inc said on Thursday it would take a 9.9% stake in online financial company SBI Holdings Inc in a deal worth more than $580 million. SBI will issue new shares worth 79.65 billion yen ($586.70 million) to Japan’s second-largest lender by assets in a deal aimed at …
Japan’s SMFG to buy 10% stake in SBI worth more than $580 million Read More »
BEIJING (Reuters) – China’s commerce ministry said the sooner U.S. tariffs on Chinese goods are lifted, the sooner consumers and companies will benefit, ministry spokesperson Shu Jueting told a news conference on Thursday. Removing all additional tariffs on Chinese goods will benefit China, the U.S. and the world, Shu said, adding that the two countries …
(Reuters) -Australia’s competition regulator said on Thursday a court ordered the local unit of Samsung Electronics to pay a A$14 million ($9.65 million) penalty for nine misleading advertisements about a water-resistance feature in some of its smartphones. Samsung Australia admitted to misleading buyers of some of its ‘Galaxy’ phones about the water-resistance level, the Australian …
Samsung Australia fined $9.7 million over false water-resistance claims Read More »
By Ruma Paul and Rajendra Jadhav DHAKA/MUMBAI (Reuters) -Bangladesh is trying to secure wheat supplies from Russia in a government-to-government deal after it’s biggest supplier India banned exports of the grain last month to contain local prices, government and trade officials told Reuters on Wednesday. The supply deal with Russia, the world’s biggest wheat exporter, …
Bangladesh tries to secure wheat from Russia as India stops exports-sources Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – Major U.S. stock indexes ended down slightly Wednesday, losing early gains tied to remarks by Federal Reserve Chair Jerome Powell that the U.S. central bank is “strongly committed” to bringing down inflation, while sharply lower oil prices weighed on energy shares. The S&P 500 energy sector was down …
U.S. stocks end down slightly after early boost from Powell; oil falls Read More »
By Stephanie Kelly NEW YORK (Reuters) -Oil prices tumbled around 3% on Wednesday as investors worried that rate hikes by the Federal Reserve could push the U.S. economy into recession, dampening demand for fuel. Brent crude futures fell $2.91, or 2.5%, to settle at $111.74 a barrel. The global benchmark hit a session low of …
Oil falls around 3% as investors eye U.S. Fed rate hikes Read More »
By Herbert Lash NEW YORK (Reuters) – The dollar fell on Wednesday as U.S. Treasury yields slid on fears the U.S. economy could slide into recession after Federal Reserve Chair Jerome Powell said higher rates are painful but are the means the U.S. central bank has to slow inflation. The Fed is not trying to …
By Laura Sanicola (Reuters) – Drivers around the world are feeling pain at the pump with fuel prices soaring, and costs are surging for heating buildings, power generation and industrial production. Prices were already elevated before Russia invaded Ukraine on Feb. 24. But since mid-March, fuel costs have surged while crude prices are up only …
Explainer-Why is there a worldwide oil-refining crunch? Read More »
By Eric Onstad LONDON (Reuters) – Available zinc inventories in registered warehouses of the London Metal Exchange (LME) more than halved this week, but supplies could be replenished from China, where stocks have been rising, analysts said. LME zinc inventories have been eroding this year, evidence of supply problems in Europe and the United States …
Tight LME zinc inventories could be topped up from China Read More »
