NEW YORK (AP) — Good news on the economy remains bad news for Wall Street, as stocks fell sharply Friday on worries a still-strong U.S jobs market may actually make a recession more likely. The S&P 500 ended 2.8% lower after briefly dropping 3.3% as traders weighed a government report showing employers hired more workers…
By John Revill ZURICH (Reuters) -Credit Suisse will buy back up to 3 billion Swiss francs ($3 billion) of debt, the embattled Swiss bank said on Friday, making a show of strength as it seeks to reassure investors after a tumultuous week. The move trims the Swiss bank’s debt burden and is an attempt to…
By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators are asking games developers whether Microsoft will be incentivised to block rivals’ access to “Call of Duty” maker Activision Blizzard’s best-selling games, according to an EU document seen by Reuters. EU antitrust regulators are due to make a preliminary decision by Nov. 8 on whether…
BEIJING (Reuters) – Spending on local tourism rose during China’s Golden Week holiday that ends on Friday, according to data from China’s largest online travel agency Ctrip, even as clusters of lockdowns continue across the country. Per capita tourism spending in local areas increased by 30% on-year during the Golden Week holiday, according to a…
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…
