By Alun John HONG KONG (Reuters) – The dollar climbed to a 24-year high on the yen on Monday after Japan’s ruling conservative coalition’s strong election showing indicated no change to loose monetary policies, and global growth fears helped the safe-haven dollar more broadly. The dollar climbed to as high as 137.28 yen in morning…
By Daniel Leussink TOKYO (Reuters) – Japan’s core machinery orders slipped for the first time in three months in May, hurting hopes that a pickup in business spending would offset pressure on an economy struggling with surging costs of energy and other imports due to a weak yen. The decline in core orders comes a…
By Alun John HONG KONG (Reuters) – The dollar was on the front foot at the start of a week in which U.S. and Chinese data and European energy security were top of mind, as investor concerns about global economic growth offered support to the safe haven currency. The euro languished at $1.01475, having lost…
(Reuters) -Dufry said on Monday it will acquire Italian airport and motorway caterer Autogrill, expanding the Swiss duty-free retailer’s growth opportunities in international markets. Italy’s Benetton family – the largest investor in Autogrill through its Edizione holding company – will transfer its entire 50.3% stake to Dufry at an exchange ratio of 0.158 new Dufry…
(Reuters) -Twitter Inc has hired U.S. law firm Wachtell, Lipton, Rosen & Katz LLP as it prepares to sue Elon Musk and force him to complete the $44 billion acquisition of the social media company, according to people familiar with the matter. Musk, the chief executive officer of Tesla, on Friday terminated his deal, saying…
By David Shepardson WASHINGTON (Reuters) -The U.S. government has completed 10 airline investigations into delayed or withheld passenger refunds during the COVID-19 pandemic and will take enforcement action in coming weeks, a Transportation Department official told Reuters on Sunday. U.S. Transportation Secretary Pete Buttigieg on Sunday disclosed the passenger refund probes were complete and said…
(Reuters) – Danske Bank on Sunday reduced its full-year net profit outlook, hurt by rapidly rising interest rates and unfavorable financial market conditions. Danske revised net profit to 10 billion to 12 billion Danish crowns ($1.64 billion) from the previous guidance of 13-15 billion crowns. “… we revise our net profit guidance for the year…
WASHINGTON (AP) — As Uber aggressively pushed into markets around the world, the ride-sharing service lobbied political leaders to relax labor and taxi laws, used a “kill switch” to thwart regulators and law enforcement, channeled money through Bermuda and other tax havens and considered portraying violence against its drivers as a way to gain public…
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s central bank is expected to deliver this week a third straight half-point rate hike in its most aggressive policy tightening in over two decades, but growing signs of a potentially sharp economic downturn may temper the hawkish dash. Slumping confidence and floundering economic data are seeing the…
PARIS (Reuters) -GlobalFoundries Inc and STMicroelectronics will announce on Monday plans to build a semiconductor factory in France for an investment of nearly 4 billion euros, as part of Europe’s efforts to boost its independence in microchips, Le Figaro reported on Sunday. This would help support a push from the European Commission to produce 20%…
