February 10, 2023
Exclusive-SoftBank’s Arm China Lays Off Workers As Outlook Grim -sources
By Jane Lanhee Lee, Josh Horwitz and Stephen Nellis OAKLAND, Calif/SHANGHAI (Reuters) – SoftBank Group Corp’s chip technology firm Arm…
IMF Says El Salvador’s Bitcoin Risks Have Not Materialized But ‘should Be Addressed’
By Brendan O’Boyle (Reuters) – Risks over El Salvador’s embrace of bitcoin “have not materialized,” but use of the cryptocurrency…
U.S. Airlines Urge FAA To Extend 5G Upgrade Deadline
By David Shepardson WASHINGTON (Reuters) -A group representing major U.S. airlines “strongly urged” the Federal Aviation Administration (FAA) to extend…
Bed Bath & Beyond To Wind Down Canada Operations
(Reuters) – Bed Bath & Beyond Inc will wind down its operations in Canada, a court filing posted on alvarezandmarsal.com…
Marketmind: China CPI Spy
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Chinese inflation on…
Stocks Slip, Dollar Gains As Further Monetary Tightening Seen
By Herbert Lash and Elizabeth Howcroft NEW YORK/LONDON (Reuters) -The dollar firmed and equity markets fell on Friday as the…
Revisions Show U.S. Consumer Prices A Bit Firmer Than Previously Reported
By Lucia Mutikani WASHINGTON (Reuters) – U.S. monthly consumer prices rose in December instead of falling as previously estimated and…
Zara Owner Inditex’s 20% Spanish Staff Pay Hike Hits Shares
By Corina Pons MADRID (Reuters) -Inditex’s shares slid on Friday after the world’s biggest fast fashion retailer agreed an inflation-beating…
Biden Plans To Bar Some U.S. Investments In China, Track Others-sources
By Karen Freifeld and Alexandra Alper WASHINGTON (Reuters) – The Biden administration plans to outright ban investments in some Chinese…
Auto Parts Maker Magna Warns Of Margin Pressures On Higher Costs
By Kannaki Deka (Reuters) -Canada’s Magna International Inc on Friday reported an 80% fall in quarterly profit and warned of…