BRASILIA (Reuters) – Brazilian central bank director Diogo Guillen said on Tuesday that markets are more sensitive to fiscal news and that fiscal developments enter into policymakers’ decisions through the balance of risks for inflation. Speaking at an event hosted by JP Morgan, Guillen, the economic policy director, said that in the short run, the …
By Tiyashi Datta and Sheila Dang (Reuters) -Elon Musk accused Apple Inc of threatening to block Twitter Inc from its app store without saying why in a series of tweets on Monday that also said the iPhone maker had stopped advertising on the social media platform. The billionaire CEO of Twitter and Tesla said Apple …
Elon Musk: Apple threatened to yank Twitter from App Store Read More »
NAIROBI (Reuters) -Kenya’s Centum Investment plans to buy back up to 10% of its issued shares, it said on Tuesday after reporting a wider first-half loss. The group, which invests in listed firms and private companies, said it planned to buy the shares from the market over a period of 18 months at a maximum …
Kenya’s Centum Investment to buy back shares, first half pre-tax loss widens Read More »
ZURICH (Reuters) -Nestle has nudged its 2022 sales outlook higher again, the world’s largest packaged food company said ahead of an investor seminar on Tuesday. The company said it now expected organic sales growth of 8-8.5%, up from an October forecast of around 8%, and an underlying trading operating profit margin of around 17.0%. Underlying …
(Reuters) -The Australian Federal Court has dismissed proceedings initiated by the country’s securities regulator against top lender Commonwealth Bank of Australia over alleged incorrect charging of monthly fees to customers, the regulator said on Tuesday. Australian Securities & Investments Commission (ASIC) had alleged that between June 2010 and September 2019, CBA incorrectly charged about A$55 …
Australia court dismisses customer fees lawsuit against CBA Read More »
MELBOURNE (Reuters) – Chevron Corp on Tuesday said nearly half its workers in Australia had been bullied in the past five years and nearly a third had experienced sexual harassment, with women suffering higher instances of workplace abuse. The global energy giant reviewed its business after the state of Western Australia, where Chevron’s local operations …
Chevron Australia finds nearly half its workers have suffered workplace bullying Read More »
(Reuters) – Australia’s Fortescue Metals Group on Tuesday appointed former Woodside Energy executive Fiona Hick as its chief executive officer, effective February 2023, as Elizabeth Gaines made way for a new boss in August. Hick joins Fortescue at a time when the iron ore giant is delving into mining of critical minerals and rare-earths and …
Australia’s Fortescue taps Woodside veteran as CEO amid green energy push Read More »
By Kanishka Singh WASHINGTON (Reuters) -The U.S. Federal Trade Commission and seven U.S. states reached a settlement with Alphabet Inc’s Google and iHeartMedia Inc over allegations of deceptive ads promoting Google’s Pixel 4 smartphone, the FTC said. The FTC said in a statement on Monday that the companies aired nearly 29,000 deceptive endorsements by radio …
Google, iHeartMedia settle charges of deceptive Pixel 4 ads with FTC, U.S. states Read More »
By Ankika Biswas and Noel Randewich (Reuters) – U.S. stocks ended sharply lower on Monday after protests in major Chinese cities against strict COVID-19 policies sparked concerns about economic growth, while Apple Inc slid on worries about a hit to iPhone production. Shares of the Cupertino, California tech giant lost 2.6% and weighed heavily on …
Wall Street ends down sharply, hit by Apple and China worries Read More »
By Michael S. Derby NEW YORK (Reuters) -New York Federal Reserve President John Williams on Monday said the U.S. central bank needs to press forward with rate rises but did not say how fast and how far it will need to boost short-term borrowing costs, even as he reckons a rate cut is possible in …
Fed could lower interest rates in 2024, Williams says Read More »
