By Yuka Obayashi TOKYO (Reuters) -Oil prices rose on Friday, set for their sixth weekly gain, amid concerns of tight supplies as major producers continue their policy of limited output increases amid rising fuel demand. Brent crude futures climbed 45 cents, or 0.5%, to $89.79 a barrel at 0429 GMT, after falling 62 cents during…
By Paresh Dave OAKLAND, Calif. (Reuters) -Apple Inc is stifling competition through its mobile app store, attorneys general for 34 U.S. states and the District of Columbia said on Thursday, as they appealed against a ruling that let the iPhone maker continue some restrictive practices. While dozens of state attorneys general have filed recent antitrust…
By Anshuman Daga and Indranil Sarkar SINGAPORE (Reuters) -DBS Group has agreed to pay S$956 million ($706.6 million) to buy Citigroup’s consumer business in Taiwan, making the Singapore lender the largest foreign bank in Taiwan by assets as it bulks up regional acquisitions to power growth. The deal is part of DBS Chief Executive Piyush…
By Andrea Shalal WASHINGTON (Reuters) -The U.S. Chamber of Commerce on Thursday sent an unprecedented letter to lawmakers raising concerns about Sarah Bloom Raskin, President Joe Biden’s nominee as the Federal Reserve’s vice chair for supervision, and her calls for federal regulators to transition financing away from the fossil fuel industry. The U.S. industry lobby…
By Anshuman Daga and Indranil Sarkar SINGAPORE (Reuters) -DBS Group has agreed to buy Citigroup’s consumer business in Taiwan, paying S$956 million ($706.6 million) above the net asset value, making the Singapore lender the largest foreign bank in Taiwan by assets. The deal is part of DBS Chief Executive Piyush Gupta’s strategy of expanding Southeast…
SINGAPORE (Reuters) – DBS Group has agreed to buy Citigroup’s consumer business in Taiwan in a move that will see the Singapore-based bank pay S$956 million ($706.6 million) above the net asset value, making it Taiwan’s largest foreign bank by assets. DBS, Southeast Asia’s biggest lender, said in a statement on Friday that it will…
By Danielle Kaye NEW YORK (Reuters) – Apple Inc teased its metaverse ambitions on Thursday as CEO Tim Cook talked expansion of the company’s augmented reality apps, prompting strong investor response. The company has 14,000 AR apps on its App Store, and Cook suggested this number will rise with further investment. “We see a lot…
OMAHA, Neb. (AP) — The Alden Global Capital hedge fund is sending its own appeal to shareholders of newspaper publisher Lee Enterprises as part of its campaign to acquire the company. The New York-based hedge fund, which is already one of the nation’s largest newspaper owners, urged Lee shareholders Thursday to support two new directors…
By Danielle Kaye, Paresh Dave and Nivedita Balu (Reuters) -Apple Inc is overcoming the costly global shortage in computer chips, posting record sales over the holiday quarter, beating profit estimates and forecasting that its shortfall is narrowing. The iPhone maker, which is world’s largest company by market capitalization, has handled supply-chain challenges such as factory…
By Nick Carey BLYTH, England (Reuters) – Britishvolt said on Friday it will develop batteries for a fully-electric sports car in partnership with British carmaker Lotus, the first publicly-announced customer for the electric vehicle (EV) battery startup. Britishvolt said the research and development that will go into developing battery cells for a high-performance sports car…
