NEW YORK (Reuters) – U.S. prosecutors have charged two Chinese defendants with trying to obstruct the prosecution of a Chinese global telecommunications company, according to a filing in Brooklyn federal court. The defendants Guochun He and Zheng Wang were charged in a criminal complaint dated Oct. 20 and made public on Monday. The telecommunications company…
By Chris Prentice and Amanda Cooper WASHINGTON/LONDON (Reuters) -U.S. shares were mixed on Monday as European markets were lifted by hopes that U.S. interest rates could rise more slowly than previously thought and the dollar weathered another suspected Japanese intervention to rise against the yen. The Dow Jones Industrial Average rose 133.17 points, or 0.43%,…
(Reuters) – U.S. business activity contracted for a fourth straight month in October, with manufacturers and services firms in a monthly survey of purchasing managers both reporting weaker client demand, the latest evidence of an economy softening in the face of high inflation and rising interest rates. S&P Global said on Monday its flash U.S….
By Amruta Khandekar (Reuters) -U.S. stocks were set to open higher on Monday as Treasury yields eased on hopes of a less aggressive Federal Reserve, while investors braced for a busy week of earnings dominated by Big Tech companies. Wall Street’s three main indexes rallied on Friday after a report said the U.S. central bank…
By Amruta Khandekar (Reuters) -U.S. stock index futures reversed losses on Monday as Treasury yields eased on hopes of a less aggressive Federal Reserve, while investors braced for a busy week of earnings dominated by Big Tech companies. Wall Street’s main indexes rallied on Friday after a report said the U.S. central bank will likely…
PARIS (AP) — French prosecutors said Monday that Credit Suisse has agreed to pay 238 million euros ($234 million) to settle tax fraud allegations, the latest blow for the embattled Swiss bank. The bank will pay 123 million euros in fines and 115 million in damages and interest to France, whose investigators will close an…
LONDON (AP) — This year’s United Nations climate summit is brought to you by Coke. Soft drink giant Coca-Cola Co.’s sponsorship of the flagship U.N. climate conference, known as COP27, sparked an online backlash and highlighted broader concerns about corporate lobbying and influence. The COP27 negotiations aimed at limiting global temperature increases are set to…
Dubai, UNITED ARAB EMIRATES (AP) — In nearly every corner of the globe, people are spending more on food and fuel, rent and transportation. But inflation isn’t affecting people equally. For migrants with relatives relying on money they send back, higher prices are pinching families twice: at home and abroad. Migrant workers who send cash…
By Kantaro Komiya TOKYO (Reuters) -Japan’s economic revitalisation minister stepped down on Monday after growing criticism of his failure to fully explain his ties to a church group that critics say is akin to a cult, a move that will be a blow to Prime Minister Fumio Kishida. Daishiro Yamagiwa, the first person to resign…
By Norihiko Shirouzu (Reuters) – Toyota is considering a reboot of its electric-car strategy to better compete in a booming market it has been slow to enter, and has halted some work on existing EV projects, four people with knowledge of the still-developing plans said. The proposals under review, if adopted, would amount to a…
