By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s foreign reserves fell by a record $54 billion in September, official data showed on Friday, as global market ructions dented the value of foreign bonds and prompted dollar-selling intervention to arrest a steep decline in the yen. The reserves stood at $1.238 trillion at the end of September,…
TOKYO (Reuters) – Mizuho Financial Group’s securities unit will acquire a 19.99% stake in Rakuten Securities from its parent Rakuten Group for 80 billion yen ($552 million) to beef up its online brokerage business, the companies said on Friday. Through the deal, Mizuho hopes to tap Rakuten Securities’ online brokerage expertise as well as its…
TOKYO (Reuters) – Toyota Motor Corp’s truck- and bus-making unit Hino Motors is considering action against executives over a long-running engine data scandal, Hino said on Friday, following a report it could claw back pay from former managers. The Asahi Shimbun newspaper said the company had decided to claw back some compensation from past managers,…
By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s foreign reserves fell by a record to $1.238 trillion at the end of September as a result of the government’s dollar-selling intervention during the month to arrest a sharp decline in the yen, Ministry of Finance data showed on Friday. The amount compared with $1.409 trillion seen a…
By Paresh Dave (Reuters) – Facial recognition returned to the latest Google Pixel phones on Thursday after a short hiatus due to challenges on cost and performance, according to three former employees at the Alphabet Inc unit knowledgeable about the efforts. The feature on the new Pixel 7 is not as good Apple Inc’s Face…
CHICAGO (AP) — Diverted ambulances. Cancer treatment delayed. Electronic health records offline. These are just some of ripple effects of an apparent cyberattack on a major nonprofit health system that disrupted operations throughout the U.S. While CommonSpirit Health confirmed it experienced an “IT security issue” earlier this week, the company has remained mum when pressed…
By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Thursday urged the World Bank Group and other multilateral development banks to revamp their business models and dramatically boost lending to address pressing global needs such as climate change. In a speech ahead of next week’s World Bank and International Monetary Fund annual meetings,…
By Paul Carrel BERN/GRANDE DIXENCE, Switzerland (Reuters) – Having dodged most of the fuel-driven surge in inflation plaguing its neighbours, Switzerland is moving ahead with plans to boost its energy security and lock in tame power prices – but only reluctantly. Switzerland’s focus on hydropower, which Energy Minister Simonetta Sommaruga calls “the backbone” of its…
By Tom Hals WILMINGTON, Del. (Reuters) -Elon Musk said banks are working cooperatively to finance his $44 billion deal for Twitter Inc and he asked a judge to halt the social media company’s lawsuit against him just days before trial, according to a Thursday court filing. The world’s richest person said this week he would…
A judge has delayed a looming trial between Twitter and Elon Musk, giving the Tesla CEO more time to close his $44 billion deal to buy the company after months spent fighting to get out of it. Musk had asked to halt the upcoming Delaware court trial, where the Tesla billionaire was expected to fare…
