Reuters US Business

JAKARTA (Reuters) -Indonesia’s antitrust agency on Tuesday ordered Google to pay fines of around 202 billion rupiah ($12.4 million) for unfair business practices related to its payment system services for Google Play Store, its software distribution platform. The agency launched an investigation into Alphabet Inc’s Google in 2022 on suspicion it had abused its dominant …

Indonesia fines Google $12.4 million for unfair business practices Read More »

By Svea Herbst-Bayliss NEW YORK (Reuters) – BlackRock and Saba Capital Management announced a standstill in a long-raging battle over the future of closed-end funds with the asset manager buying back shares in two portfolios and the hedge fund dropping demands for deep management changes. BlackRock, the world’s biggest asset manager, said it will buy …

BlackRock and Weinstein’s Saba reach settlement in battle over closed-end funds Read More »

By David Shepardson and Katie Paul WASHINGTON (Reuters) – President Donald Trump signed an executive order on Monday seeking to delay by 75 days the enforcement of a ban of popular short-video app TikTok that was slated to be shuttered on Jan. 19. While signing the order, Trump suggested the United States government should be …

TikTok gets reprieve with Trump order but with twist Read More »

By Jonathan Stempel NEW YORK (Reuters) -A federal judge on Tuesday rejected Citigroup’s bid to dismiss a lawsuit by New York Attorney General Letitia James claiming it failed to protect customers from online scammers and refused to reimburse customers who were victimized. U.S. District Judge Paul Oetken in Manhattan said the bank’s Citibank unit must …

Citigroup must face New York lawsuit over handling of fraud scams Read More »

SAO PAULO (Reuters) -Major global airlines are in talks with Gol to invest in the Brazilian carrier, which is undergoing Chapter 11 bankruptcy proceedings in the U.S., local newspaper Valor Economico reported on Tuesday, citing sources. The report mentions U.S.-based companies United Airlines and American Airlines, as well as European firms Air France-KLM, British Airways …

Global airlines in talks with Brazil’s Gol as part of bankruptcy exit, report says Read More »

By Medha Singh and Ananya Mariam Rajesh (Reuters) – Tesla, prison operators and other notable “Trump trades” were volatile on Tuesday as investors assessed a blitz of executive orders by President Donald Trump within hours of taking the oath of office. Trump laid out sweeping plans to maximize oil production, curb immigration and impose tariffs …

Trump’s first day in office gets mixed reception from US stocks Read More »