By Jamie Freed (Reuters) – A Boeing 747-8 freighter that BOC Aviation Ltd leased to Russia’s AirBridgeCargo has flown from Hong Kong to California, according to FlightRadar24, after a U.S. judge signed an order allowing the lessor to repossess the plane. The order was unsealed and made public on Tuesday, according to court documents. The…
By Tom Westbrook SINGAPORE (Reuters) – The dollar was kept on the back foot on Wednesday as hopes for a breakthrough in Russia-Ukraine peace talks lifted the euro, while the under-pressure yen steadied even as the Bank of Japan redoubled efforts to pin down bond yields. The euro, battered in recent weeks by fear of…
By Sonali Paul MELBOURNE (Reuters) – Oil prices climbed on Wednesday, erasing losses from the previous session, on hopes of progress in peace talks between Russia and Ukraine and providing a fresh reminder supply remains tight as data showed U.S. crude stocks fell sharply last week. Brent crude futures touched a high of $112.78 shortly…
(Reuters) – A U.S. judge ruled on Tuesday that a lawsuit accusing Meta Platforms Inc’s Facebook of deceiving advertisers about its “potential reach” tool can proceed as a class action. The decision by U.S. District Judge James Donato in San Francisco allows potentially millions of individuals and businesses that paid for ads on Facebook and…
By Luc Cohen NEW YORK (Reuters) – U.S. prosecutors on Tuesday sought to cast doubt on the testimony of the wife of a former Goldman Sachs banker, who is on trial over allegations he helped loot Malaysia’s 1MDB sovereign wealth fund. Roger Ng, Goldman’s former chief for Malaysia, is charged with conspiring to launder money…
By Ananya Mariam Rajesh (Reuters) -Lululemon Athletica on Tuesday forecast full-year profit and revenue above estimates as demand for athletic wear remains consistent even as people return to offices, and said it plans selective price increases on some of its products. Shares of the yogawear maker rose about 8% in extended trading as the company…
By Joseph White and David Shepardson (Reuters) – United Auto Workers (UAW) President Ray Curry said on Tuesday he has had no discussions with Tesla or its Chief Executive Elon Musk about a potential union vote by workers at the electric-car maker’s California factory. On March 3, Musk tweeted that he was inviting the “UAW…
NEW YORK (AP) — One of the more reliable warning signals for an economic recession is starting to shine. The “yield curve” is watched for clues to how the bond market is feeling about the U.S. economy’s long-term prospects. On Tuesday, a closely followed part of the yield curve gave investors some cause for concern….
(Reuters) – Petrobras has a strong governance and there is no room for “adventurers” within the firm, said outgoing Chief Executive Joaquim Silva e Luna on Tuesday. During a lecture at the Superior Military Court, in Brasilia, he came out in defense of the state-owned company’s price parity policy, which guarantees its profitability in the…
(Reuters) – Flexible workspace provider WeWork Inc on Tuesday named Chief Executive Officer Sandeep Mathrani as chairman and said SoftBank Group International’s Saurabh Jalan has joined the company’s board. (Reporting by Niket Nishant in Bengaluru; Editing by Shounak Dasgupta)
