SINGAPORE (Reuters) -Apple Inc on Wednesday kept prices for its latest iPhone stable in the United States, but raised prices in some Asian countries where currencies have dropped against the dollar in the past year. Buyers of the basic iPhone 14 in Japan – where the yen has slumped 24% since September – will pay …
Apple lovers in some Asian countries to pay more for iPhone 14 Read More »
By Charlotte Van Campenhout PARIS (Reuters) -French prosecutors said on Thursday they had opened a preliminary investigation into a respiratory device recall by Philips, as the Dutch firm’s legal problems over the device spread from the United States to Europe. Philips is already facing legal challenges in the United States over its recall of about …
French prosecutors probe Philips respirator recall Read More »
(Reuters) -American Eagle Outfitters Inc on Wednesday missed Wall Street estimates for adjusted profit and said it would pause quarterly dividend as it fortifies its finances against a hit from inflation, sending its shares down 13% after market. The company would also put a hiring freeze, reduce non-critical expenses and lower capital spending, Chief Executive …
American Eagle earnings disappoint as inflation drags demand Read More »
By Pete Schroeder WASHINGTON (Reuters) -The U.S. Federal Reserve is conducting a “holistic” review of bank capital requirements, plans to perform an analysis of lenders’ climate change financial risks next year, and might impose tougher rules on large regional lenders, its new regulatory chief said on Wednesday. In his first speech since joining the Fed …
U.S. Fed is reviewing capital rules, plans 2023 climate tests -new regulation chief Read More »
By Ana Isabel Martinez, Anthony Esposito and Dave Graham MEXICO CITY (Reuters) – Mexican economic growth should accelerate in 2023 to around 3.0% from some 2.4% this year as inflation cools markedly and oil output picks up, according to finance ministry draft budget forecasts seen by Reuters on Wednesday. The finance ministry did not immediately …
Exclusive-Mexico budget sees stronger growth, lower inflation in 2023 -draft Read More »
(Reuters) – Alphabet Inc’s Google has picked the Washington Post’s longtime chief information officer to help run its news division as general manager, the tech giant said on Wednesday. Shailesh Prakash, who also led the news publisher’s design, product and tech teams for over a decade, will join Google in November. “This is an enormous …
Google appoints top Washington Post exec as general manager of news Read More »
(Reuters) -GameStop Corp on Wednesday reported a smaller-than-expected quarterly loss and a partnership with crypto marketplace FTX US, sending the video game retailer’s shares up 13% after the bell. GameStop launched a digital wallet earlier this year that it said would enable transactions in a marketplace it is building for gamers and others to buy, …
GameStop shares jump on smaller-than-expected loss, deal with crypto marketplace FTX Read More »
By Carolina Mandl (Reuters) – U.S. stock indexes climbed the most in roughly a month as bond yields eased, with investors shrugging off hawkish remarks made by Federal Reserve officials on Wednesday. The last time the Nasdaq Composite, S&P 500 and the Dow Jones Industrial Average reached a higher one-day percentage jump was on Aug …
Wall Street reaches four-week highs as bond yields drop Read More »
SAO PAULO (Reuters) – Brazilian mining company Vale said on Wednesday that global demand for nickel should increase 44% by 2030 compared to that expected for this year, due to high demand for use in batteries that power electric vehicles. “Demand for nickel is forecast to increase rapidly this decade with the energy transition,” the …
Vale sees 44% increase in global nickel demand by 2030 Read More »
(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever Just as the yen’s eye-popping plunge against the dollar grabs the world’s financial market spotlight, investors will get a closer look on Thursday into the underlying state of the Japanese economy. Revised second quarter GDP data, and trade and current account …
