Reuters US Business Archives - Page 1195 of 2312

Australia’s Optus mulls selling sports streaming to Nine, AFR reports

20 Jan 2025 20 Jan 2025

(Reuters) -Optus, Australia’s No. 2 telecom carrier, is in talks to sell its sports streaming platform Optus Sport to media house Nine Entertainment, the Australian Financial Review (AFR) reported on Monday. A deal would let Nine’s local streaming service Stan stream matches from the Premier League, England’s major club football league, while Singapore Telecommunications-owned Optus …

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China’s crude oil imports from top supplier Russia reach new high in 2024

20 Jan 2025 20 Jan 2025

By Chen Aizhu SINGAPORE (Reuters) – China’s crude oil imports from top supplier Russia were up 1% in 2024 to a record high versus 2023, while purchases from Saudi Arabia dropped 9%, data showed on Monday, as refiners chased discounted Russian supplies to cope with weakened margins. Volumes from Russia – including pipeline and seaborne …

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TikTok restores U.S service after Trump says “we have to save it”

20 Jan 2025 20 Jan 2025

By David Shepardson WASHINGTON (Reuters) -TikTok began restoring its services on Sunday after President-elect Donald Trump said he would revive the app’s access in the U.S. when he returns to power on Monday. “Frankly, we have no choice. We have to save it,” Trump said at a rally on Sunday ahead of his inauguration, adding …

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Copper market sees half chance of 10% US tariff by first quarter-end, Goldman says

20 Jan 2025 20 Jan 2025

(Reuters) – Goldman Sachs on Monday said the copper market is pricing in odds of about 50% that there will be a 10% U.S. tariff on the metal by the end of the first quarter of this year. Analysts at the U.S. investment bank said in a client note that the estimate is similar to …

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Factbox-What Trump 2.0 could mean for trade, migrants, Ukraine and diversity programs

20 Jan 2025 20 Jan 2025

By James Oliphant WASHINGTON (Reuters) -Donald Trump’s second presidential term could have huge implications for U.S. trade policy, climate change, the war in Ukraine, electric vehicles, Americans’ taxes and illegal immigration. While some of his campaign proposals would require congressional approval, here is a summary of the policies Trump has said he will pursue after …

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Japan November machinery orders beat forecast on strong factory investment

20 Jan 2025 20 Jan 2025

By Kantaro Komiya TOKYO (Reuters) – Japan’s core machinery orders rose 3.4% in November from the previous month to beat analysts’ forecast, government data showed on Monday, signalling a recovery in capital expenditure ahead of a central bank interest rate review later this week. The reading was stronger than a 0.4% decline estimated in a …

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Costco Teamsters vote to authorize US-wide strike, union says

20 Jan 2025 20 Jan 2025

(Reuters) – Teamsters said on Sunday its members at U.S. retailer Costco Wholesale voted in favor of a nationwide strike, as they entered a final round of talks to reach a new contract ahead of a Jan. 31 deadline. The union, which represents more than 18,000 workers at Costco, said 85% of its members voted …

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Australia’s Star Entertainment posts smaller quarterly loss

20 Jan 2025 20 Jan 2025

(Reuters) -Australia’s Star Entertainment posted a smaller second-quarter loss on Monday compared with the previous three-month period, as the casino operator benefited from its cost-out programme and strong December performance. The debt-laden gaming firm has been grappling with various issues including multiple regulatory inquiries and long closures of casinos. Shares of the company fell 3.6% …

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Economic grievances fuel support for hostile actions, Edelman global survey shows

19 Jan 2025 19 Jan 2025

By Lananh Nguyen DAVOS, Switzerland (Reuters) – Economic fears have escalated into grievances among 60% of people, with many believing hostile actions such as violence can be necessary to bring about change, according to a global poll by communications firm Edelman. The survey of the 33,000 respondents across 28 countries showed severe levels of distrust …

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Oracle prepares to start shutting TikTok servers from 0200 GMT, The Information reports

19 Jan 2025 19 Jan 2025

(Reuters) -Leaders at Oracle, the main cloud computing provider for TikTok’s U.S. operations, have told some staff to prepare to shut down servers that host U.S. TikTok data as soon as 9 p.m. ET on Saturday (0200 GMT on Sunday) in advance of a U.S. law banning the app from Sunday, The Information reported. (Reporting …

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