By Anshuman Daga SINGAPORE (Reuters) – Asian stocks ticked up to their highest in more than a month supported by broad gains on Wall Street on Tuesday, while the euro was stuck near a one-week low against the dollar amid talk of more sanctions against Moscow. The United States and Europe were planning new sanctions…
By Megan Davies and Alexandra Alper NEW YORK/WASHINGTON (Reuters) – Russia’s latest sovereign bond coupon payments have been stopped, a source familiar with the matter and a spokeswoman for the U.S. Treasury said, putting it closer to a historic default. The latest sovereign bond coupon payments have not received authorization by the U.S. Treasury to…
By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor (BOJ) Haruhiko Kuroda said on Tuesday the yen’s recent moves were “somewhat rapid,” joining a chorus of policymakers who have warned that sharp falls in the currency could hurt the country’s import-reliant economy. But Kuroda also repeated his view that a weak yen benefits Japan’s economy…
By Daniel Leussink TOKYO (Reuters) -Japan’s household spending rose for a second consecutive month year-on-year in February, helped by a flattering comparison with last year’s sharp pandemic-induced slump but the consumer sector is now facing growing headwinds from soaring prices. Households cut spending from the previous month as pandemic curbs, rapid food and fuel price…
TOKYO (Reuters) – An expected acceleration of inflation could hurt Japan’s economy by weighing on household income and corporate profit, Bank of Japan Governor Haruhiko Kuroda said on Tuesday. “We will patiently maintain powerful monetary easing to support an economy still in the midst of recovering from the COVID-19 pandemic’s impact,” he told parliament in…
By Iain Withers and Carolyn Cohn LONDON (Reuters) – Major British financial companies collectively narrowed their gender pay gaps last year, but some went into reverse gear, including UBS and Deutsche Bank, a Reuters analysis found. Companies in Britain with more than 250 employees have been required to publish the difference between the pay and…
Former McDonald’s workers who alleged rampant sexual harassment at their Michigan restaurant have reached a $1.5 million settlement agreement with the restaurant’s former owner. The American Civil Liberties Union’s Women’s Rights Project, which helped represent the employees, announced the settlement deal Monday. It must still be approved by a federal judge. Former McDonald’s worker Jenna…
(Reuters) – Gaming platform Roblox Corp’s founder and chief executive officer David Baszucki’s compensation package for 2021 totaled $232.8 million, compared with just $6.8 million a year earlier, according to a regulatory filing on Monday. The bulk of the pay package comprises a long-term performance award for Baszucki, which was valued at $232.2 million. Baszucki,…
Air travel in the United States improved Monday after a rocky weekend that left thousands of flyers stranded by thunderstorms in Florida, technology problems at the busiest domestic airline and labor problems at another carrier. However, airlines that do much of their flying in Florida were still struggling Monday, especially Spirit Airlines. And airlines were…
(Reuters) – Disruptive Technology Solutions LLC and affiliated funds have filed a demand for arbitration against Wall Street bank Morgan Stanley with the Financial Industry Regulatory Authority, the Wall Street Journal reported, citing a copy of the letter it had reviewed. The investment bank is at the center of an investigation into whether Wall Street…
