By Echo Wang NEW YORK (Reuters) – Nasdaq Inc has put the brakes on initial public offering (IPO) preparations of at least four small Chinese companies while it investigates short-lived stock rallies of such firms following their debuts, according to lawyers and bankers who work on such stock launches. The stock exchange operator’s actions come…
By Chris Prentice WASHINGTON (Reuters) -California-based Toymaker Mattel Inc has agreed to pay $3.5 million to settle U.S. Securities and Exchange Commission (SEC) charges over financial misstatements in 2017, the agency said on Friday. Mattel, which makes Barbie and Fisher-Price toys, incorrectly reported its losses during the third and fourth quarters of 2017 due to…
By Kevin Yao and Xie Yu BEIJING/HONG KONG (Reuters) – China’s central bank chief Yi Gang is likely to step down after he was dropped from an elite body of the ruling Communist Party, with a former central banker a leading contender to succeed him, sources close to the central bank said. The potential retirement…
By Shinji Kitamura and Yoshifumi Takemoto TOKYO (Reuters) -Japan intervened in the foreign exchange market on Friday to buy yen for the second time in a month after the currency hit a 32-year low near 152 to the dollar, a government official and another person familiar with the matter told Reuters. Japan has been attempting…
(Reuters) – The Republican National Committee (RNC) filed a lawsuit against Google on Friday, for allegedly sending its emails to users’ spam folders. The U.S. political committee accuses the tech giant of “discriminating” against it by “throttling its email messages because of the RNC’s political affiliation and views,” according to a lawsuit filed in the…
By Shinji Kitamura and Yoshifumi Takemoto TOKYO (Reuters) – Japan intervened in the foreign exchange market on Friday to buy yen for the second time in a month after the currency hit a 32-year low near 152 to the dollar, a government official and another person familiar with the matter told Reuters. Japan has been…
SAN FRANCISCO (AP) — The Republican National Committee has filed a lawsuit against tech giant Google, alleging the company has been suppressing its email solicitations ahead of November’s midterm elections — an allegation Google denies. The lawsuit, filed in the District Court for the Eastern District of California Friday evening, accuses Gmail of “discriminating” against…
FORT WORTH, Texas (AP) — A federal judge ruled Friday that relatives of people killed in the crashes of two Boeing 737 Max planes are crime victims under federal law and should have been told about private negotiations over a settlement that spared Boeing from criminal prosecution. The full impact of the ruling is not…
MEXICO CITY (Reuters) – Mexico’s craft beer industry should grow by over 10% this year, the country’s brewing association ACERMEX said on Friday, even as it faces sky-rocketing costs and competition from European-owned heavyweights. “The effects of the pandemic, added to the war between Russia and Ukraine … have caused costs to skyrocket,” ACERMEX official…
By Ismail Shakil OTTAWA (Reuters) – Facebook warned on Friday that it may block sharing of news content on its platform in Canada over concerns about legislation that would compel digital platforms to pay news publishers. The Online News Act, introduced in April, laid out rules to force platforms like Meta’s Facebook and Alphabet’s Google…
