Reuters US Business Archives - Page 2299 of 2312

Uber’s Mideast business Careem looking to fill over 200 jobs, LinkedIn post says

7 Feb 2022 7 Feb 2022

By Hadeel Al Sayegh DUBAI (Reuters) -Uber’s Middle East business Careem said on Monday it was looking to fill more than 200 roles in the company, according to a LinkedIn post by the company. Careem said it was looking to fill jobs that spanned across the ride-hailing firm, “from engineers to data analysts, operations managers …

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It’s a new cycle: wake up and smell the coffee!

7 Feb 2022 7 Feb 2022

A look at the day ahead in markets from Julien Ponthus. The European Central Bank’s meeting last week turned out to be quite a policy pivot. With euro zone inflation running above 5%, money markets had already been betting the ECB would wake up, smell the coffee and possibly signal when it might follow the …

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Toshiba’s lurch from crisis to crisis

7 Feb 2022 7 Feb 2022

By Makiko Yamazaki TOKYO (Reuters) – Toshiba said on Monday it now aims to split into two companies instead of three, while boosting planned shareholder returns to appease angry investors. The once-storied conglomerate has been battered by accounting scandals, massive writedowns for its U.S. nuclear business, the sale of its prized chip unit and it …

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U.S. stock market liquidity ‘abysmal,’ adding to volatility risk

7 Feb 2022 7 Feb 2022

By Saqib Iqbal Ahmed NEW YORK (Reuters) – Liquidity in U.S. stocks has fallen to levels last seen during the COVID-19 selloff two years ago, adding to volatility in an already-nervous market. Market liquidity, or how easily investors can buy or sell a security without affecting its price, has been on a downward spiral for …

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Credit Suisse faces money laundering charges in trial of Bulgarian cocaine traffickers

7 Feb 2022 7 Feb 2022

By Brenna Hughes Neghaiwi and Silke Koltrowitz ZURICH (Reuters) – Credit Suisse will face charges in a Swiss court on Monday of allowing an alleged Bulgarian cocaine trafficking gang to launder millions of euros, some of it stuffed into suitcases. Swiss prosecutors say the country’s second-biggest bank and one of its former relationship managers did …

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Column-Rio’s dreadful workplace report may boost cost of energy transition: Russell

7 Feb 2022 7 Feb 2022

By Clyde Russell LAUNCESTON, Australia (Reuters) – Rio Tinto’s decision to go public with a self-damning report into its workplace culture should be a watershed moment for a wider mining industry aiming to be seen as the “good guys”, helping to drive the world’s energy transition. It was no doubt a courageous decision by Rio, …

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Taiwan says U.S. has not approached it on LNG diversion

7 Feb 2022 7 Feb 2022

TAIPEI (Reuters) – Taiwan has not been approached by the United States on the issue of diverting some supplies of Liquefied Natural Gas (LNG) to Europe if the Ukraine crisis leads to a disruption, the economy ministry said on Monday. Last month, the United States, the world’s top producer of natural gas, asked Qatar and …

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MMG may halt Peru Las Bambas mine operations by Feb 20 after latest blockade

7 Feb 2022 7 Feb 2022

(Reuters) – MMG Ltd said on Monday that production at its Las Bambas copper mine in Peru may stop by Feb. 20 after a local community blocked again a road used by the miner, causing the company to curtail operations. The Chinese-owned mine has been a flashpoint of protests and road blockades since it started …

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Analysis-Singapore bets on niche SPAC listings to capture tech boom

7 Feb 2022 7 Feb 2022

By Anshuman Daga SINGAPORE (Reuters) – After years of struggling to emerge from the shadows of regional rivals, Singapore Exchange is looking to establish itself as the hub for blank-cheque firms, riding on regulatory overhaul, support by state firms, and a tech boom in its back yard. Encouraged by the flurry of Southeast Asian …

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China could take further measures to rein in yuan- former regulator

7 Feb 2022 7 Feb 2022

SHANGHAI (Reuters) – The Chinese government could take further measures if needed to keep the yuan stable, potentially putting downward pressure on the currency, a former foreign exchange regulator said. Policymakers could increase yuan’s flexibility, expand capital outflows, or control capital inflows to rein in the yuan, which could deviate from economic fundamentals in the …

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