By Emily Chow SINGAPORE (Reuters) – Oil prices rose more than $1 on Friday on expectations of a drop in Russian crude supply, which helped offset worries of a hit to U.S. transport fuel demand growth as a looming Arctic storm threatens travel during the holiday season. Brent crude was up by 73 cents, or…
By Nate Raymond (Reuters) -Facebook owner Meta Platforms Inc has agreed to pay $725 million to resolve a class-action lawsuit accusing the social media giant of allowing third parties, including Cambridge Analytica, to access users’ personal information. The proposed settlement, which was disclosed in a court filing late on Thursday, would resolve a long-running lawsuit…
A look at the day ahead in European and global markets from Ankur Banerjee Ignoring a hawkish Fed, investors attempted the briefest of Santa rallies this week but revised U.S. GDP data and relatively low claims for unemployment benefits have brought back worries of higher-for-longer interest rates. And so the safe-haven U.S. dollar is back…
By Florence Tan SINGAPORE (Reuters) – Oil prices rose on Friday on expectations of lower Russian crude exports from the Baltic region in December, offsetting worries that a looming Arctic storm across the United States could snuff out transport fuel demand growth this holiday season. Brent crude rose 88 cents, or 1.1%, to $81.86 a…
By Ankur Banerjee SINGAPORE (Reuters) – Asian shares eased on Friday, tracking a dive on Wall Street, while the dollar firmed as strong U.S. data revived fears the Federal Reserve will have to retain its hawkish stance to tame inflation. MSCI’s broadest index of Asia-Pacific shares outside Japan slid 0.69%, snapping a two-day winning streak….
By David Shepardson WASHINGTON (Reuters) -ByteDance, the Chinese parent company of popular video app TikTok, said on Thursday that some employees improperly accessed TikTok user data of two journalists and were no longer employed by the company, an email seen by Reuters shows. ByteDance employees accessed the data as part of an unsuccessful effort to…
By Leika Kihara TOKYO (Reuters) -Some Bank of Japan policymakers called for the need to be mindful of how a future exit from ultra-low interest rates could affect markets and households’ mortgage rates, minutes of the central bank’s October policy meeting showed on Friday. While there was no immediate need to tweak monetary policy, the…
(Reuters) – Tesla CEO Elon Musk said on Thursday he will not sell more Tesla stock for another two years. While speaking in a Twitter Spaces audio chat, Musk said he foresees the economy will be in a “serious recession” in 2023 and demand for vehicles will be lower. (Reporting by Hyunjoo Jin in San…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian stocks look set to decline for a second consecutive week as a sea of red on Wall Street spills over into Asian trading on Friday. The MSCI Asia ex-Japan index goes into Friday’s session flat for the…
(Reuters) – Target Corp said on Thursday it has recalled about 204,000 Pillowfort weighted blankets for children after receiving reports of two fatalities. The U.S. Consumer Product Safety Commission (CPSC) said a 4-year-old girl and a 6-year-old girl reportedly became entrapped in the cover of the weighted blanket and died due to asphyxia in April…
