By Diane Bartz WASHINGTON (Reuters) -The chair of the Federal Trade Commission, Lina Khan, on Tuesday said giant companies like Ticketmaster, which faces a tsunami of criticism for problems in selling tickets to a 2023 Taylor Swift tour, can become “too big to care.” Speaking at the Wall Street Journal’s CEO Council Summit, Khan said …
Big firms like Ticketmaster can become ‘too big to care,’ -U.S. FTC chair Read More »
MEXICO CITY (Reuters) -Mexico’s auto parts production will likely hit a record of nearly $107 billion this year, up almost 13% from last year, the director of the national auto parts lobby INA announced on Tuesday. Mexico’s massive car making and auto parts sector is a key driver for the country’s manufacturing industry, which is …
Mexican trade body sees auto parts output setting record this year Read More »
By David French (Reuters) – Wall Street closed lower on Tuesday, with the S&P 500 declining for the fourth straight session, as skittish investors fretted over Federal Reserve rate hikes and further talk of a looming recession. Among the biggest drags on the S&P was Meta Platforms Inc, which slid following reports that European Union …
Wall Street slumps on further recession talk, S&P posts 4th decline Read More »
(Reuters) -Netflix Inc co-Chief Executive Ted Sarandos on Tuesday said he has yet to see a path to profitability in live sports on the streaming service. Sarandos said the economics of professional sports were built around the economics of television – and buying rights is expensive. “We’ve not seen a profit path to renting big …
Netflix co-CEO yet to see a path to profitability in ‘renting big sports’ Read More »
(Reuters) – All of Australia’s “big four” banks said on Tuesday they will raise their home loan rates by a quarter-point, passing on the central bank’s eighth rate hike in as many months to their customers in full. Earlier on Tuesday, the Reserve Bank of Australia lifted its cash rate by 25 basis points to …
Australia’s Big Four banks pass central bank rate hike to home loan customers Read More »
(Reuters) – Russia’s January-November oil and gas condensate rose 2.2% from a year earlier to 488 million tonnes, the Interfax news agency said on Tuesday, citing Deputy Prime Minister Alexander Novak. European Union countries that have been primary buyers of Russian crude for decades stopped buying it from sea ports from Dec. 5 under an …
Russia’s Jan-Nov oil output up 2% ahead of EU ban, price caps Read More »
(Reuters) -EssilorLuxottica signed an exclusive licensing agreement with Swarovski Eyewear, the Franco-Italian eyewear maker said on Tuesday. The collaboration’s first collection, to be developed under Swarovski’s creative director Giovanna Engelbert, will be available on the market from September next year, in time for the fall/winter 2023 season, the company, which also makes Ray-Ban glasses, said. …
EssilorLuxottica signs 10-year licensing agreement with Swarovski Read More »
By Pablo Mayo Cerqueiro and Oliver Hirt (Reuters) – Investors in European companies are being asked to plough money into a series of capital hikes as cash-hungry companies, including Swiss lender Credit Suisse, look to equity markets to repair their balance sheets and fund costly turnarounds. Still, despite the opportunity to buy shares at a …
Analysis-Investors face dilemma as capital increases fill IPO void Read More »
FRANKFURT (Reuters) – The European Central Bank will have to raise interest rates several more times to tame price pressures, even if headline inflation is now close to its peak, ECB chief economist Philip Lane told the Milano Finanza. “We do expect that more rate increases will be necessary, but a lot has been done …
ECB needs more rate hikes but inflation close to peak, chief economist says Read More »
By Stella Qiu SYDNEY (Reuters) – Australia’s central bank on Tuesday raised interest rates to a 10-year high and stuck with its projection that more hikes are needed to cool inflation, a stance taken as slightly hawkish by markets that were looking for signs of a pause in the near term. Wrapping up its last …
Australia central bank raises rates to 10-year high, says more needed Read More »
