By William James LONDON (Reuters) – Britain and South Korea will on Monday sign an agreement to reinforce pandemic-damaged supply lines for key products like semiconductors, with trade minister Anne-Marie Trevelyan due to host her counterpart Yeo Han-koo in London. The ministers will also begin work on an improved trade deal as Britain looks to …
UK and South Korea to sign deal to strengthen supply chains Read More »
By Shashwat Awasthi (Reuters) – Australia and New Zealand Banking Group on Monday joined rival Westpac in flagging lower margins and warned of a first-half hit from “softer” performance in its markets business, sending its shares to a near one-year low. ANZ did not disclose a profit figure for the quarter and said group net …
ANZ shares near one-year low as home lending competition crimps margins Read More »
(Reuters) – James Hardie, the world’s largest fibre cement maker, on Monday raised its annual profit forecast for the fourth time this fiscal year, and guided to even higher earnings next year, driven by a boom in the housing sector in North America. New home sales in the United States, which makes up 70% of …
James Hardie sets higher profit view as U.S. housing market boom continues Read More »
By Lewis Krauskopf NEW YORK (Reuters) -Wild swings in stocks and a sharp run-up in government bond yields are putting the spotlight on next week’s U.S. inflation data, as investors brace for more volatility across assets. A turbulent week in markets ended with a surge in Treasury yields to their highest level in more than …
Inflation data next focus for investors after bond yield spike Read More »
BERLIN (Reuters) – Volkswagen does not expect the global shortage of semiconductors to end this year although it should further ease slightly in the second half, a board member was quoted as saying by industry magazine Automobilwoche. “The volatile situation will affect us at least beyond the first half of this year,” Murat Aksel, the …
Volkswagen does not see chip shortage ending this year – Automobilwoche Read More »
By Helen Coster (Reuters) -NBC’s coverage of the opening ceremony for the Beijing Olympic Games averaged close to 14 million U.S. television viewers, according to preliminary data provided by NBCUniversal on Saturday, about half the TV audience for the last Winter Games opening ceremony four years ago.Across all platforms, including the USA Network, NBC Sports …
NBC’s Olympics opening ceremony coverage draws nearly 14 million U.S. TV viewers Read More »
By Giuseppe Fonte ROME (Reuters) – Italy’s Monte dei Paschi di Siena (MPS) could name a new chief executive as early as Monday after the state-owned bank’s nomination committee proposed the former head of Poland’s Bank Pekao for the job, sources said. Veteran Italian banker Luigi Lovaglio, 66, was picked by the committee on Friday …
Monte dei Paschi set to name veteran banker Lovaglio as CEO, sources say Read More »
By Deisy Buitrago CARACAS (Reuters) – A Venezuelan appeals court has upheld long prison terms on corruption charges for six former executives of oil refiner Citgo, a U.S. subsidiary of Venezuelan oil company PDVSA, the country’s top court said. The Supreme Court of Justice did not offer details late on Friday about the ruling on …
Venezuelan court upholds long prison stints for ‘Citgo Six’ Read More »
(Reuters) -Peloton Interactive Inc has drawn interest from potential buyers including e-commerce giant Amazon.com Inc, according to a person familiar with the matter, as the exercise bike maker struggles to maintain pandemic-fueled growth. Shares of Peloton surged 30% in extended trading on the news, which comes days after activist investor Blackwells Capital urged the company’s …
Amazon is exploring offer for Peloton, source says; report says Nike also weighing bid Read More »
By Mike Spector and Dan Levine NEW YORK (Reuters) – Johnson & Johnson created a plan last year to limit the financial bleeding from billions of dollars in jury awards to plaintiffs who alleged the company’s Baby Powder and other talc products caused deadly cancers. The healthcare and consumer-goods giant assigned more than 30 staffers …
Special Report-Inside J&J’s secret plan to cap litigation payouts to cancer victims Read More »
