By Byron Kaye SYDNEY (Reuters) – An Australian state ordered Amazon.com Inc on Friday to pay a minimum rate to freelance delivery drivers, a decision hailed by a union as making it the world’s first jurisdiction to compel the retailer to follow government rules on such payments. The measure, to be phased in over three…
Stocks capped a week of volatile trading on Wall Street with a broad sell-off Friday that left the major indexes with their second straight weekly loss. The selling lost some momentum into the afternoon, but the intensified again in the final hour of trading. The S&P 500 and the Dow Jones Industrial Average each fell…
(Reuters) -Sika posted a 27.1% jump in full-year net profit on Friday and proposed a 16% higher dividend, as the Swiss construction chemicals maker benefited from an upturn in building projects after the pandemic and a raft of acquisitions. The company, which makes products used in reinforcing and waterproofing concrete, posted earnings before interest and…
TAIPEI (Reuters) – Taiwan’s export orders likely rose in January for the 23rd straight month, a Reuters poll showed on Friday, supported by sustained global demand for semiconductors and tech products. The median forecast from a poll of 13 economists expects export orders to rise 12.0% from the year-ago period. Forecasts for growth ranged from…
SEOUL (Reuters) – Tesla Inc changed an advertisement about the driving range for its Model 3 in South Korea after an antitrust regulator found that the automaker exaggerated the specifications of its batteries. The Model 3 sedan description on Tesla’s Korean-language web site was changed to say the vehicle is capable of travelling a “maximum”…
By Tom Westbrook SINGAPORE (Reuters) – U.S. stock futures bounced on Friday and selling pressure eased in Asian share markets after the U.S. Secretary of State agreed to a meeting with Russia’s foreign minister, raising hopes for a diplomatic solution to the East-West standoff over Ukraine. S&P 500 futures jumped 0.5% on the news and…
By David Shepardson WASHINGTON (Reuters) – The next head of the U.S. Federal Aviation Administration (FAA) will face challenges overseeing Boeing Co and a series of reforms mandated by Congress in the wake of two fatal 737 MAX crashes. The job opened late Wednesday when the FAA announced administrator Steve Dickson, 64, would resign effective…
By Alun John HONG KONG (Reuters) – The safe-haven yen gained more ground on the dollar on Friday as U.S. President Joe Biden said Moscow is preparing a pretext to justify a possible attack on Ukraine, also supporting the Swiss franc and hurting bitcoin. The dollar slipped to a new two-week low of 114.78 yen…
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks slid on Thursday, with the S&P 500 marking its biggest daily percentage drop in two weeks, as investors shifted to defensive sectors and safe havens such as bonds and gold as geopolitical tensions between Washington and Russia over Ukraine flared. After Ukrainian forces and pro-Moscow rebels…
(Reuters) -Specialty chemicals company Celanese Corp is nearing a deal to buy DuPont de Nemours Inc’s mobility and materials unit for more than $10 billion, Bloomberg News reported on Thursday, citing people familiar with the matter. The deal may be announced as soon as Friday, the report said. Celanese and DuPont did not immediately respond…
