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(Reuters) – New Zealand’s Synlait said on Friday an arbitrator has been appointed for the arbitration process with its second-largest stakeholder A2 Milk Co and both the companies are working on an agreement following cancellation of their exclusivity arrangements. Both the companies agreed the arbitration process will include whether Synlait’s obligation to procure a minimum …

Synlait, A2 Milk appoint arbitrator for ongoing arbitration process Read More »

(Reuters) -Apple customer service teams were informed in a company memo this week that it will no longer replace out-of-warranty models going back to Apple Watch Series 6, Bloomberg News reported on Thursday. The iPhone maker had said on Monday it would pause sales of its Series 9 and Ultra 2 smartwatches in the U.S. …

Apple cannot repair older out-of-warranty watches during ban – Bloomberg News Read More »

By David Shepardson WASHINGTON (Reuters) -General Motors said Thursday it expects its Cadillac Lyriq and Chevrolet Blazer EV will temporarily lose eligibility for a U.S. electric vehicle tax credit starting Jan. 1. GM said on Jan. 1 only its Chevrolet Bolt EV will be eligible for the consumer EV tax credit. Ford Motor said its …

GM, Ford vehicles to lose US EV tax credits Jan. 1 Read More »

By Luc Cohen NEW YORK (Reuters) – Ozy Media has sued digital media company Buzzfeed, startup news outlet Semafor and its founder Ben Smith for allegedly stealing trade secrets from the now-shuttered U.S. media and entertainment company, court records filed on Thursday showed. Ozy and its CEO Carlos Watson were themselves criminally charged earlier this …

Buzzfeed, Semafor sued by Ozy Media over alleged trade secret theft Read More »

(Reuters) -The Biden administration in the United States is discussing raising tariffs on some Chinese goods, including electric vehicles (EVs), the Wall Street Journal said on Wednesday, citing people familiar with the matter. China’s vehicle exports have grown in recent years, fuelled by overcapacity and slowing domestic demand in the world’s biggest auto market, and …

United States weighs hike in tariffs on Chinese EVs -WSJ Read More »

(Reuters) – Social media platform X, formerly known as Twitter, was restored globally early Thursday, with over 77,000 U.S. users facing issues at the peak of the outage. Users in Canada, Britain, France and other countries reported issues with accessing both X and X Pro, earlier known as TweetDeck. Over 7,000 users in Canada and …

Social media platform X back up after global outage Read More »

By Pablo Mayo Cerqueiro LONDON (Reuters) – Bankers advising companies on stock market listings are hopeful that the new year will bring a recovery in initial public offerings after the U.S. Federal Reserve signalled it may start reversing the fastest escalation in interest rates in decades. “The IPO markets will be much better in 2024 …

IPO hopes rise for new year after Fed’s early holiday gift Read More »

By Dan Burns NEW YORK (Reuters) – As 2024 comes into view, investors, economists, business leaders and everyday consumers from London to Lyons to Los Angeles share a common hope: Let the interest rate cuts begin! Central banks from most major developed economies closed out 2023 with a blitz of policy meetings in December that …

Is the ‘Big Ease’ coming in 2024 or will rate-cut hopes get dashed? Read More »

By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed lower on Wednesday after an abrupt mid-afternoon nosedive ended Wall Street’s impressive rally, which had been driven by falling interest rates and the Federal Reserve’s dovish turn. All three major U.S. stock indexes began to veer lower around 2:30 p.m. EST, and ended the session …

Wall Street tumbles to sharply lower close as abrupt sell-off snaps rally Read More »

By Lisa Baertlein and Arriana McLymore LOS ANGELES/NEW YORK (Reuters) -Roxanne Ross of Florida is one of a growing number of Americans dodging higher interest rates on credit cards by instead turning to “buy now, pay later” services as they shop for holiday merchandise. Ross has her eyes on the latest Apple AirPods for $249. …

US ‘buy now, pay later’ splurges raise holiday debt hangover risk Read More »