BEIJING (Reuters) -China’s new home prices fell more slowly in December than a month earlier, official data showed on Saturday, as marginal easing on financing curbs, and promotions by property developers helped to stabilise demand. Average new home prices in China’s 70 major cities declined 0.2% in December from a month earlier, slower than a…
By David Shepardson WASHINGTON (Reuters) -AT&T Inc led bidders in the Federal Communications Commission (FCC) 5G spectrum auction of 3.45 GHz band spectrum, winning $9 billion in bids, the U.S. regulator said on Friday. The auction generated proceeds of $22.5 billion in total, the FCC said. T-Mobile won $2.9 billion while Weminuche LLC won $7.3…
BEIJING (Reuters) -China’s new home prices fell more slowly in December than a month earlier, official data showed on Saturday, indicating stabilising demand driven by marginal easing on financing curbs, and promotions by property developers. Average new home prices in China’s 70 major cities declined 0.2% in December from a month earlier, slower than a…
By Dmitry Zhdannikov, Ron Bousso, Simon Lewis and Timothy Gardner LONDON/WASHINGTON (Reuters) – The U.S. government has held talks with several international energy companies on contingency plans for supplying natural gas to Europe if conflict between Russia and Ukraine disrupts Russian supplies, two U.S. officials and two industry sources told Reuters on Friday. The United…
(Reuters) -Alphabet Inc’s Google is temporarily mandating weekly COVID-19 tests for any person entering Google offices or facilities in the United States, the tech giant said on Friday. Anyone who comes into Google’s U.S. work sites will require a negative test and be required to wear surgical-grade masks while at the office, the company said….
By Siddharth Cavale and Christopher Walljasper (Reuters) – High demand for groceries combined with soaring freight costs and Omicron-related labor shortages are creating a new round of backlogs at processed food and fresh produce companies, leading to empty supermarket shelves at major retailers across the United States. Growers of perishable produce across the West Coast…
By Nate Raymond (Reuters) -Johnson & Johnson on Friday said it had agreed to pay $44 million to resolve claims that it fueled the opioid epidemic in New Mexico, a state which originally opted against participating in a nationwide settlement resolving thousands of similar cases. The drugmaker said the $44 million was consistent with the…
By David Henry and Niket Nishant (Reuters) -Citigroup Inc displayed some of the financial bruises required for its current restructuring as it reported a 26% drop in fourth-quarter profit on Friday. The bank said results were depressed by $1.1 billion in after-tax expenses for its ongoing divestitures of consumer banking businesses outside of the United…
By Bansari Mayur Kamdar, Shreyashi Sanyal and Sinéad Carew (Reuters) -Wall Street’s main indexes fell on Friday with the biggest drag from the financial sector as investors were disappointed by financial results from big U.S. banks, which cast a shadow over the fourth-quarter’s earnings season kick-off. Ten of the 11 major S&P 500 sectors were…
(Reuters) – Citigroup Inc described the Citibanamex consumer bank in Mexico it is planning to shed as a “jewel” as it gears up to be active with potential buyers in the coming months. The lender has been shedding the last of its consumer businesses outside of the United States as part of a “strategy refresh”…
