(Reuters) -Goldman Sachs Group Inc’s consumer banking unit is being reviewed by the Federal Reserve, Bloomberg Law reported on Friday, citing people familiar with the matter. Goldman’s management has been subjected to questions and follow-ups from the central bank’s officials for several weeks, the report said, adding that the process was still ongoing. (https://bit.ly/3BJcc1i) Goldman…
(Reuters) -Uber Technologies Inc said on Thursday it was investigating a cybersecurity incident, after a report that its network was breached, forcing the company to shut several internal communications and engineering systems. A hacker compromised an employee’s account on workplace messaging app Slack and used it to send a message to Uber employees announcing that…
By Shreyashi Sanyal and Medha Singh (Reuters) – U.S. stock index futures tumbled to two-month lows on Friday after a profit warning from global delivery bellwether FedEx spooked investors already worried about aggressive rate hikes from the Federal Reserve tipping the economy into a recession. Shares of FedEx Corp plunged 20.7% in premarket trading after…
MADRID (Reuters) – Carmakers Stellantis and Renault will partly halt their Spanish plants in the coming days and weeks as the lack of microchips persists, two union representatives told Reuters on Friday. The global chip shortage, caused by pandemic supply chaos and booming demand, has ravaged the automotive sector with many companies halting production temporarily….
BEIJING (AP) — China announced sanctions on Friday against the CEOs of American defense contractors Raytheon and Boeing Defense over a major U.S. arms sale to rival Taiwan. Foreign Ministry spokesperson Mao Ning did not specify what the sanctions would be against Gregory Hayes, chairman and CEO of Raytheon Technologies Corp., and Ted Colbert, president…
(Reuters) – Global equity funds continued to record outflows in the seven days to Sept. 14 as a higher than expected reading on U.S. inflation raised bets that the Federal Reserve would remain aggressive in raising interest rates for longer. Some investors had expected that U.S. CPI report would show an easing in inflation in…
MUNICH (AP) — Oktoberfest is back in Germany after two years of pandemic cancellations — the same bicep-challenging beer mugs, fat-dripping pork knuckles, pretzels the size of dinner plates, men in leather shorts and women in cleavage-baring traditional dresses. But while brewers are more than glad to see the return of the Bavarian capital’s sudsy…
By Shadia Nasralla LONDON (Reuters) -Oil prices were broadly steady on Friday but on track for a weekly decline on fears of sharp interest rate increases expected to curb global economic growth and fuel demand. Brent crude futures were up 25 cents, or 0.3%, at $91.09 a barrel by 0921 GMT but were down 1.9%…
By Tim Hepher MARIGNANE, France (Reuters) – Airbus Helicopters expects new orders and deliveries to keep growing this year, its chief executive told Reuters, as a scramble for new energy supplies and higher military spending accelerate a recovery in the long-sluggish rotary-wing sector. Cushioned by critical public services, helicopter demand suffered less of a battering…
By Farah Master HONG KONG (Reuters) -Macau’s government opened bids on Friday from seven companies, including a wildcard from Malaysian operator Genting, for licenses to operate casinos in the world’s biggest gambling hub, kicking off a closely watched battle for six available slots. Macau’s top officials including the city’s Economy and Finance secretary Lei Wai…
