By Sam Nussey TOKYO (Reuters) – SoftBank Group Corp’s founder and Chief Executive Masayoshi Son on Friday reiterated that the Japanese conglomerate was most likely to list British-based chip designer unit Arm on Nasdaq, stressing no final decision has been made. “Most of Arm’s clients are based in Silicon Valley and … stock markets in…
TOKYO (Reuters) – SoftBank Group Corp’s founder and Chief Executive Masayoshi Son on Friday reiterated that the Japanese conglomerate was most likely to list chip designer Arm on Nasdaq while stressing no final decision has been made. Son’s comment came in answer to a question from a shareholder at the company’s annual general meeting in…
NEW YORK (AP) — The nation’s 33 biggest banks have enough capital to withstand a severe economic contraction, the Federal Reserve said Thursday. In its latest annual “stress tests” of the U.S. financial system, the Fed built a scenario under which the nation’s unemployment rate would more than double to 10%, and a severe contraction…
TOKYO (AP) — Toyota is recalling 2,700 bZ4X crossover vehicles globally for wheel bolts that could become loose, in a major setback for the Japanese automaker’s ambitions to roll out electric cars. Toyota Motor Corp. said Friday the cause is still under investigation, but the whole wheel could come off, risking a crash. “Until the…
By Pete Schroeder and Michelle Price WASHINGTON (Reuters) -The largest U.S. banks on Thursday easily cleared the Federal Reserve’s annual health check, in a vote of confidence for the sector amid signs the U.S. economy could tip into a recession in the months ahead. The results of the Fed’s annual “stress test” exercise showed the…
By Laura Sanicola (Reuters) – Oil prices rose slightly in early Asian trade on Friday as nations seek to address global crude oil and fuel supply tightness. Brent crude futures rose 39 cents, or 0.4%, to $110.44 a barrel at 0012 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 37 cents, or 0.4%,…
By Michelle Price and Sinead Cruise WASHINGTON/LONDON (Reuters) – The U.S. units of major European lenders including Deutsche Bank, Barclays and Credit Suisse sailed through the Federal Reserve’s annual “stress tests” on Thursday, showing they hold enough capital to weather an economic shock. For the seven European bank subsidiaries the Fed oversees with more than…
By Doyinsola Oladipo NEW YORK (Reuters) – Carnival Corp is expected to report a smaller quarterly loss and a spike in revenue when it announces second-quarter results on Friday, but bargain-basement prices for some cruises may squeeze the cruise operator’s margins. Analysts expect the Miami-based company to report a loss of $1.17 a share compared…
OTTAWA (Reuters) – Canada’s Senate on Thursday passed Prime Minister Justin Trudeau’s budget, adopting a long list of measures including a two-year ban on foreign home buyers and the power to confiscate and sell assets seized in response to Russia’s invasion of Ukraine. The 450-page Bill C-19 passed the upper chamber 56-to-16 without any changes,…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The euro slid across the board on Thursday as weaker-than-expected German and French PMI data showed that the euro zone economy is struggling to gain traction, prompting traders to trim bets on big rate-hike moves from the European Central Bank. The dollar, on the other hand, rose against…
