By Rozanna Latiff KUALA LUMPUR (Reuters) – A Malaysian appeals court will deliver its verdict on Wednesday on a bid filed by former Prime Minister Najib Razak to overturn his conviction in a case linked to a corruption scandal at state fund 1Malaysia Development Bhd (1MDB). Najib, who was voted out of office in 2018, …
Malaysia ex-PM Najib faces verdict in appeal over 1MDB-linked conviction Read More »
By Francesco Guarascio BRUSSELS (Reuters) -EU health ministers discussed measures to try to halt the spread of the Omicron variant of the coronavirus on Tuesday, with the Netherlands calling for negative tests for incoming travellers from outside the bloc and France urging tests even for those arriving from EU states. In line with many countries, …
By Hilary Russ NEW YORK (Reuters) -Starbucks Corp on Tuesday lost its bid with the National Labor Relations Board (NLRB) to delay a union election at three of the coffee chain’s locations in Buffalo, New York. Workers received ballots in the mail in November and began sending them in. The NLRB will count them up …
Starbucks loses bid to delay union vote count in 3 NY stores Read More »
By Anisha Sircar and Susan Mathew (Reuters) -European stocks jumped 2.5% on Tuesday, boosted by a strong rebound in technology shares as worries somewhat eased over the Omicron coronavirus variant, while German shares surged close to 3% led by automakers. The continent-wide STOXX 600 index logged its best session since last November, bouncing back to …
Tech, auto help European shares to best gains in over a year Read More »
By John Revill ZURICH (Reuters) -ABB unveiled higher sales and profitability targets on Tuesday as the Swiss engineering company expects to benefit from higher demand from rebounding economies and trends such as decarbonisation and shrinking workforces. The maker of industrial automation and factory robots expects annual sales to increase in a range between 4% and …
By Tim Cocks JOHANNESBURG (Reuters) -A proposal to change South Africa’s constitution to explicitly allow expropriation of land with no compensation failed to win the two-thirds of parliamentary votes that it needed on Tuesday. Lawmakers debated whether to change Section 25 of the constitution to enable authorities to seize land to address racial land inequalities …
S.African law change plan to allow land expropriation fails to pass Read More »
By Matt Scuffham NEW YORK (Reuters) -U.S. bank executives on Tuesday raised concerns about the impact of a sustained period of higher inflation, adding to pressure on the Federal Reserve to accelerate plans to wind down the pace of its asset purchases. Senior bankers are increasingly concerned that higher inflation could impact borrowers’ ability to …
U.S. bank executives worried about sustained high inflation Read More »
By Clare Jim, Scott Murdoch and Andrew Galbraith HONG KONG/SHANGHAI (Reuters) – China Evergrande did not make payments on some U.S. dollar bonds at the end of a month-long grace period, sources familiar with the situation told Reuters on Tuesday, setting the stage for a massive default by the world’s most indebted property developer. Adding …
China’s Evergrande edges closer to default after missing debt deadline Read More »
(Reuters) – Apple Inc Chief Executive Tim Cook signed an agreement with Chinese officials, estimated to be worth about $275 billion, to placate threats that would have hobbled its devices and services in the country, The Information reported on Tuesday. Apple did not immediately respond to a Reuters request for comment. The five-year agreement was …
Apple’s Tim Cook signed $275 billion deal to placate China – The Information Read More »
By Bansari Mayur Kamdar (Reuters) -UK’s FTSE 100 rose to a three-week highs on Tuesday, boosted by mining stocks and positive earnings outlooks, with global markets taking relief from receding concerns about the Omicron variant of the coronavirus. The commodity-heavy FTSE 100 ended 1.5% higher with base metal miners leading gains as copper prices were …
Strong earnings forecasts, miners lift FTSE 100 to 3-week highs Read More »
