By Hyunjoo Jin and Chris Prentice SAN FRANCISCO/NEW YORK (Reuters) – Did Elon Musk break securities laws again? Former securities officials and professors said Musk may have missed a key disclosure deadline when he bought 9% of Twitter. And Securities and Exchange Commission regulators could use any shortfall to try to punish Musk more for…
LONDON (Reuters) – Global sovereign borrowing will reach $10.4 trillion in 2022, nearly one-third above the average before the coronavirus pandemic, S&P Global Ratings said in a report. Despite an ongoing economic recovery, borrowing will stay elevated due to high debt rollover requirements and the ongoing war in Ukraine, the ratings agency said in an…
By Svea Herbst-Bayliss BOSTON (Reuters) -Activist investment firm Macellum Advisors GP LLC on Monday urged Kohl’s Inc to be more open about its sales process, urging the retailer to give bidders and shareholders a fuller financial picture of itself. The firm, in a letter to Kohl’s board, asked the company to say when it plans…
BEIJING (AP) — Asian stocks followed Wall Street lower Wednesday after a Federal Reserve official’s comments fueled expectations of more aggressive interest U.S. rate hikes and the White House announced more sanctions on Russia. Market benchmarks in Shanghai, Tokyo, Hong Kong and Sydney retreated. Wall Street’s S&P 500 index tumbled 1.3% after Fed Governor Lael…
By Liz Hampton and Isabel Kua SINGAPORE (Reuters) -Oil futures rose on Tuesday as the United States and Europe planned new sanctions to punish Moscow over alleged war crimes by Russian troops in Ukraine, raising concerns of tighter global supply, while Iran nuclear talks stalled. Brent crude futures rose $1.87, or 1.7%, to $109.40 a…
KALUGA, Russia (Reuters) – Thousands of auto workers have been furloughed and food prices are soaring as Western sanctions pummel the small Russian city of Kaluga and its flagship foreign carmakers, with more sanctions likely to come. The Kaluga region, 190 kilometres (120 miles) southwest of Moscow, says it has attracted more than 1.3 trillion…
By Elizabeth Howcroft (Reuters) – The NFT bubble isn’t popping, but it may have sprung a leak. A year on from when a single non-fungible token sold for $69.3 million in crypto at Christie’s auction house, with the buyer paying to be recorded on blockchain as the owner of a digital file that anyone can…
By Kevin Buckland TOKYO (Reuters) – The Australian dollar jumped to a nine-month high on Tuesday after the country’s central bank signalled higher interest rates were closer, while the euro languished near a one-week low amid talk of more sanctions against Russia. The Aussie was up 0.81% at $0.7603, its strongest since late June, after…
By Liz Hampton and Isabel Kua SINGAPORE (Reuters) – Oil futures extended gains on Tuesday as the United States and Europe planned new sanctions to punish Moscow over alleged war crimes by Russian troops in Ukraine, adding to concerns about supply disruptions, while Iran nuclear talks stalled. Brent crude futures rose $1.20, or 1.1%, to…
NEW YORK (AP) — When a scrappy group of former and current warehouse workers on Staten Island, New York went head-to-head with Amazon in a union election, many compared it to a David and Goliath battle. David won. And the stunning upset on Friday brought sudden exposure to the organizers and worker advocates who realized…
