(Reuters) – Ukrainian President Volodymyr Zelenskiy said on Friday he had spoken to Nike Inc and thanked the U.S. sportswear maker for making what he called the “right decision” to pull out of Russia. “This is an example of how business can play a significant role in protecting humanity and freedom,” he said in a …
Ukraine’s Zelenskiy thanks Nike for leaving Russia market Read More »
NEW YORK (Reuters) – China increased its holdings of Treasuries in July for the first time in eight months, while Japan reduced its U.S. government debt load, data from the U.S. Treasury department showed on Friday. China’s stash of Treasuries rose to $970 billion in July, from $967.8 billion in June, which was the lowest …
China raises holdings of Treasuries in July, Japan cuts holdings -Treasury data Read More »
By Medha Singh and Bansari Mayur Kamdar (Reuters) -FedEx Corp’s shares had their worst day ever and closed at the lowest price since early pandemic months, after the delivery heavyweight pulled its forecast, feeding into fears of a global demand slowdown while piling more pressure on its new chief executive for a quick turnaround. The …
FedEx warning drives worst decline in stock, deepens slowdown fears Read More »
(Reuters) – A reported breach of Uber Technologies Inc’s internal systems on Thursday underscored the need for consumers to know what they can do to protect themselves if a service they use has suffered a cyber attack. Below are some steps you can take if you believe to have fallen prey to a corporate breach: …
Factbox-What to do if you were a corporate hack victim Read More »
By Fergal Smith TORONTO (Reuters) -The Canadian dollar weakened to its lowest level in nearly two years against the greenback on Friday and Canada’s stock market fell as investors grew cautious ahead of domestic inflation data and a Federal Reserve interest rate decision next week. The Canadian dollar was trading 0.3% lower at 1.3270 per …
Canadian dollar hits near 2-year low, TSX falls as sentiment sours Read More »
By Stephen Nellis (Reuters) – Officials from the U.S. Department of Justice have asked to take part in oral arguments next month in “Fortnite” creator Epic Games’ appeal of a court loss against Apple Inc, according to court documents filed Friday. Epic sued Apple in 2020 claiming that the iPhone maker violated antitrust laws with …
U.S. antitrust officials ask to join arguments in Apple appeal Read More »
(Reuters) – Drugmakers Bristol Myers Squibb Co and AbbVie Inc told California officials that they plan to cut up to 360 jobs there in unrelated moves, according to notices filed with the state that were made public earlier this week. Bristol Myers plans to cut up to 261 jobs in two different locations in San …
Bristol Myers, AbbVie plan to cut up to 360 California jobs Read More »
By Saeed Azhar and Pete Schroeder NEW YORK (Reuters) -Citigroup has submitted a comprehensive multiyear plan to the Federal Reserve and the Office of the Comptroller of the Currency outlining steps to fix weaknesses in its risk management and internal controls, two sources familiar with matter said. The plan, which was given to regulators this …
Exclusive-Citigroup submits multiyear plan to address Fed concerns -sources Read More »
By Karen Brettell (Reuters) – Proposed rules by the U.S. Securities and Exchange Commission (SEC) to boost central clearing in Treasuries could help to shore up resiliency in the $24 trillion market and may pave the way for more trading that bypasses the large banks that have traditionally dominated the market. The SEC’s proposed reforms, …
Analysis-U.S. SEC draft rules could boost resilience of $24 trillion Treasury market Read More »
(Reuters) – A breathless line-up of central bank decisions from the United States to Japan, Britain to Switzerland and Brazil to South Africa will keep markets spellbound in the days to come. Forward-looking purchasing managers’ indexes from a host of countries will provide clues on how wobbly global growth really is. And will Ukraine’s lightening …
