By Rae Wee SINGAPORE (Reuters) – The Australian dollar jumped to a more than five-month high on Wednesday after inflation data came in hotter than expected, while the kiwi slipped after New Zealand’s fourth-quarter inflation rose less than what its central bank had forecast. The euro held near a nine-month peak against the dollar, as…
By Maiya Keidan TORONTO (Reuters) -A Canadian court on Tuesday dismissed the competition bureau’s effort to block Rogers Communications Inc’s C$20 billion ($14.9 billion) bid to buy Shaw Communications Inc, in a boost to the companies’ efforts to close a deal struck nearly two years ago. The deal, which would create Canada’s No. 2 telecoms…
By Yuvraj Malik and Jane Lanhee Lee (Reuters) – Microsoft Corp forecast cloud revenue for the current quarter at just below Wall Street expectations, dampening some enthusiasm for its beat on quarterly profit earlier on Tuesday. Shares initially rose sharply in after-hours trading but lost steam after the company’s cloud forecast. Microsoft said its third-quarter…
OTTAWA (Reuters) – Canada is disappointed the United States plans to maintain tariffs on Canadian softwood lumber imports, Ottawa said on Tuesday, arguing that a negotiated solution to the longstanding dispute was in the best interests of both countries. Canadian Trade Minister Mary Ng was responding to the U.S. Commerce Department’s preliminary decision to maintain…
(Reuters) – Fox Corp said on Tuesday that Rupert Murdoch had scrapped a proposal to combine the company with News Corp in a deal that would have reunited the media empire he separated nearly a decade ago. (Reporting by Deborah Sophia in Bengaluru; Editing by Maju Samuel)
(Corrects title of agency to add dropped word ‘Union’ in para 1) (Reuters) – Boeing and European regulators are “hopefully converging” in talks over design requirements for the future 777X airliner, the head of the European Union Aviation Safety Agency (EASA) said on Tuesday. The agency has been seen at odds with Boeing for more…
By Hyunjoo Jin and Jody Godoy SAN FRANCISCO (Reuters) – Elon Musk testified on Tuesday that he had “no ill motive” when he tweeted in 2018 that he had funding lined up to buy out his electric car company Tesla Inc, a claim that some shareholders have branded a lie. Musk is defending against claims he…
By Diane Bartz and David Shepardson WASHINGTON (Reuters) – The U.S. Justice Department filed a lawsuit against Alphabet’s Google on Tuesday over allegations that the company abused its dominance of the digital advertising business. “Google has used anticompetitive, exclusionary, and unlawful means to eliminate or severely diminish any threat to its dominance over digital advertising…
By Ross Kerber (Reuters) – Shareholder resolutions filed by New York City’s top pension official will ask top Wall Street banks including JPMorgan Chase & Co and Bank of America to set stricter 2030 greenhouse gas emissions reduction targets for portfolio companies. If the advisory proposals come to a vote at bank shareholder meetings this…
By Diane Bartz and David Shepardson WASHINGTON (Reuters) – The U.S. Justice Department filed a lawsuit against Alphabet’s Google on Tuesday over allegations that the company abused its dominance of the digital advertising business, according to a court document. “Google has used anticompetitive, exclusionary, and unlawful means to eliminate or severely diminish any threat to…
