SACRAMENTO, Calif. (AP) — California sued Tesla Inc. on Wednesday over allegations of discrimination and harassment of Black employees at its San Francisco Bay area factory. The suit, filed in Alameda County Superior Court, was sparked by hundreds of worker complaints, said Kevin Kish, head of the state’s Department of Fair Employment and Housing. The…
OSLO (Reuters) – Norway’s largest bank DNB reported a 17% rise in fourth-quarter earnings on Thursday, as expected, and said the reopening of society from coronavirus lockdowns has been a boost to Norwegian businesses. DNB’s net profit rose to 6.16 billion Norwegian crowns ($697.9 million) for October-December from 5.27 billion crowns a year ago, in…
BANGKOK (AP) — Shares were mostly lower Friday in Asia after a sell-off on Wall Street spurred by news that U.S. inflation jumped 7.5% in January, which raised expectations the Federal Reserve will need to move forcefully to cool the economy by raising interest rates. The hottest inflation reading since 1982 sent the S&P 500…
By Kevin Buckland TOKYO (Reuters) – A tech-fuelled global stocks rally cooled in Asia on Thursday as investors took a more cautious posture amid uncertainties around the outlook for inflation and interest rates. World bond yields continued to ease from multi-year highs and the dollar trod water ahead of the closely watched U.S. inflation report…
By Brenna Hughes Neghaiwi ZURICH (Reuters) -Credit Suisse on Thursday posted a fourth-quarter net loss of 2 billion Swiss francs ($2.2 billion), hurt by provisions to settle its investment bank’s legal costs and a slowdown in business for its trading and wealth management divisions. The scandal-ridden lender had flagged a loss in January. For the…
LONDON (Reuters) -Credit Agricole SA beat its 2022 profit target a year early as lower costs for troubled loans and rising revenues across business lines boosted fourth-quarter results beyond consensus, France’s second-biggest listed bank said on Thursday. The lender said it would present a new strategic plan for 2025 on June 22 after underlying net…
WASHINGTON (AP) — Inflation soared over the past year at its highest rate in four decades, hammering American consumers, wiping out pay raises and reinforcing the Federal Reserve’s decision to begin raising borrowing rates across the economy. The Labor Department said Thursday that consumer prices jumped 7.5% last month compared with a year earlier, the…
By Anshuman Daga SINGAPORE (Reuters) – Activist investor Quarz Capital Management said it is opposed to the terms of a proposed S$4.2 billion ($3.1 billion) merger of two Temasek-linked Singapore real estate investment trusts, saying the target firm was significantly undervalued. It is urging Mapletree North Asia Commercial Trust (MNACT) to negotiate an improved offer…
By Florence Tan SINGAPORE (Reuters) -Oil prices edged down on Thursday, after rallying on an unexpected drop in U.S. crude inventories in the previous session, as investors await the outcome of U.S.-Iran nuclear talks that could add crude supplies quickly to global markets. Brent crude futures slid 7 cents, or 0.1%, to $91.48 a barrel…
SAN RAMON, Calif. (AP) — Uber’s ride-hailing service edged closer to returning to its pre-pandemic levels during the final three months of last year, but its prospects remain clouded by the future direction of the novel coronavirus that has plagued its business. The San Francisco-based company’s fourth-quarter results Wednesday came in above analysts’ projections. But…
