By Valentine Hilaire MEXICO CITY (Reuters) -Amazon Web Services Mexico (AWS), a unit of Amazon.com Inc, will open a local hub in the first quarter to boost bandwidth for its clients, the cloud computing unit’s director for Mexico Luis Velasco said on Wednesday. The hub would put computing, storage, database and other services closer to large …
Amazon Mexico cloud unit to open ‘local zone’ in early 2023 Read More »
DUBAI (Reuters) – Gulf central banks raised their key interest rates on Wednesday after the U.S. Federal Reserve delivered its third consecutive three-quarter percentage point hike, with Brent dropping below $90 immediately after the Fed news before recovering. While the Fed’s move is motivated by bringing inflation down in the United States, it also serves …
Gulf central banks raise rates after Fed’s third big hike in a row Read More »
(Reuters) -Major Wall Street banks have threatened to leave United Nations climate envoy Mark Carney’s financial alliance over legal risks, the Financial Times reported on Wednesday, citing several people involved in internal talks. Morgan Stanley, JPMorgan and Bank of America are among the banks that are weighing an exit as they fear being sued over …
Major U.S. banks threaten to leave Mark Carney’s climate alliance – FT Read More »
By David Randall NEW YORK (Reuters) – Expectations of more Federal Reserve tightening and economic worries are weighing on a rebound in consumer discretionary stocks, though some investors believe the sector will outperform other areas of the market if growth begins to wobble in coming months. The S&P 500’s consumer discretionary sector, a group of …
Analysis-Rally in U.S. consumer stocks teeters with Fed, inflation in focus Read More »
By Kirsti Knolle and Essi Lehto BERLIN/HELSINKI (Reuters) – Germany nationalised Uniper on Wednesday after an earlier multi-billion euro bailout failed to keep the gas importer afloat and President Vladimir Putin sent oil prices higher by announcing a partial Russian military mobilisation. Berlin agreed to buy the remaining stake owned by Finland’s Fortum in the …
Germany nationalises Uniper as energy crisis with Russia deepens Read More »
PARIS/LONDON (Reuters) -French industrial group Schneider Electric said it would proceed with a full takeover of British software company Aveva Plc, offering 31 pounds per share in a deal valuing the whole of Aveva at around 9.48 billion pounds ($10.8 billion). Schneider said its offer represented a premium of around 41% to Aveva’s closing share …
France’s Schneider to buy rest of Aveva in $11 billion deal Read More »
By Sameer Manekar and Navya Mittal (Reuters) -Australia’s Link Administration said on Wednesday Britain’s financial regulator may fine the company’s UK unit 50 million pounds ($56.86 million) in addition to potential 306.1 million pounds in redress over its management of a now defunct fund. The potential fine and redress payment casts doubts over the share …
Australia’s Link faces $57 million fine in Woodford probe; DND buyout under threat Read More »
MILAN (Reuters) – Italy’s second-biggest bank UniCredit said on Wednesday it was kicking off its second share buyback this year, for up to 1 billion euros ($990 million), which it expects to conclude by the end of November. It has hired BNP Paribas to carry out the purchases of up to 200 million shares, or …
UniCredit kicks off second buyback for up to 1 billion euros Read More »
By Jonathan Stempel (Reuters) – Juul Labs has sued the U.S. Food and Drug Administration over the agency’s refusal to disclose documents supporting its order banning the company, which has been blamed for fueling a teenage vaping crisis, from selling e-cigarettes on the U.S. market. In a complaint filed on Tuesday with a federal court …
Juul sues FDA for documents said to justify e-cigarette ban Read More »
(Reuters) – Beyond Meat Inc’s Chief Operating Officer Doug Ramsey has been suspended effective immediately, the company said on Tuesday, following reports of the executive’s arrest for allegedly biting a man’s nose during an altercation. The plant-based meat producer said the operations activities will be overseen on an interim basis by Jonathan Nelson, senior vice …
Beyond Meat suspends COO after arrest for allegedly biting man’s nose Read More »
