June 2022

TOKYO (Reuters) – Sony Group Corp on Tuesday said its former CEO Nobuyuki Idei died on June 2 at the age of 84. (Reporting by Sam Nussey; Editing by Tom Hogue)

BEIJING (Reuters) -The Universal Beijing Resort said on Tuesday it will reopen on June 15 after being closed more than a month to comply with China’s COVID-19 prevention measures, but it will cap the number of visitors at no more than 75% of capacity. The resort, which includes a retail district, two hotels and the…

(Reuters) – U.S.-based Jane Street Global Trading has sued the London Metal Exchange for $15.3 million following the cancellation of nickel trades in March – the second such legal claim it has faced this week. The LME, which is owned by Hong Kong Exchanges and Clearing, is being probed by regulators after it suspended activity…

By Kevin Buckland TOKYO (Reuters) – The dollar continued its overnight rally into Asian trading hours on Tuesday, hitting fresh two-decade highs versus the yen, as worries about persistent inflation pushed up U.S. bond yields. The greenback also edged higher versus the euro, sterling and Swiss franc. It crept up, too, versus the Australian dollar,…

(Reuters) -Kohl’s Corp has entered exclusive negotiations with retail store operator Franchise Group Inc over a potential sale of the department store chain, valuing it at nearly $8 billion, the companies said late on Monday. The bid of $60 per share constitutes a premium to Kohl’s closing price of $42.12 on Monday, giving it a…

(Reuters) – Johnson & Johnson said on Monday it had formally informed Emergent BioSolutions Inc of its decision to terminate agreement with the contract manufacturer to make COVID-19 vaccine for the drugmaker. The termination notice comes about a week after J&J had initially informed Emergent of its intent to end the pact based on the…

(In 25th paragraph, corrects name of person quoted and his agency to Jason Stomel, founder of tech talent agency Cadre, not Will Hunsinger, C.E.O. at recruiting firm Riviera Partners) By Hyunjoo Jin SAN FRANCISCO (Reuters) -Elon Musk needs to cut one in ten jobs at Tesla. Some may already have their eye on the exit….

By Daina Beth Solomon MEXICO CITY/WASHINGTON (Reuters) – The United States has asked Mexico to probe alleged worker rights violations at an auto-parts plant owned by Italian-French carmaker Stellantis, the fourth such complaint under a revised trade deal, U.S. officials said on Monday. The U.S. request for Mexico to examine possible abuses at Teksid Hierro…

BERLIN (Reuters) – Deutsche Bank has relocated several hundred Russian IT experts to Berlin, offering all employees of its Russian tech center a job in Germany, the Handelsblatt newspaper reported on Monday, citing sources close to the matter. A mid-three-digit number of the Russian technology center’s total of about 1,500 programmers have come to Germany,…

NEW YORK (Reuters) -Hedge funds AQR and Citadel posted rises in their flagship portfolios last month that outpaced the broader stock market’s double digit losses. Citadel’s multi-strategy Wellington fund had a modest rise in May and now boasts gains of 13% for the year. Ken Griffin’s Citadel told investors that the fund inched up 0.23%…