(Reuters) – Meta Platforms on Sunday announced a subscription service, called Meta Verified, which will let users verify their accounts using a government ID and get a blue badge. The subscription bundle for Instagram and Facebook also includes extra protection against impersonation and will be priced starting $11.99 per month on the web or $14.99…
By Lewis Krauskopf NEW YORK (Reuters) – Earnings results from major retailers in the coming weeks will test the strength of the U.S. stock market rally, as investors gain insight into the health of consumer spending and the fallout on company bottom lines from inflation. As a tepid fourth-quarter results season comes to an end,…
BERLIN (Reuters) – Franco-Italian carmaker Stellantis is upbeat about the outlook of its German subsidiary Opel which it believes will be able to keep operating as a separate brand, the company’s Europe chief Uwe Hochgeschurtz told magazine Automobilwoche. “I’m happy with the brand and with its array of products,” Hochgeschurtz was quoted as saying in…
BEIJING (Reuters) – China’s banking regulator and the central bank plan to adopt a more differentiated regulatory system for assessing commercial banks’ capital adequacy and risk management, in a step to better prevent risks in the country’s financial system. The China Banking and Insurance Regulatory Commission and the People’s Bank of China on Saturday jointly…
(Reuters) – Pepsico Inc recalled more than 25,000 cases of Starbucks chilled coffee drink after glass was found in some of the bottles, the U.S. Food and Drug administration said in a notice. The voluntary recall, which was initiated on Jan. 28, covers more than 300,000 bottles of the Starbucks frappuccino vanilla chilled coffee drink,…
(Reuters) – Proxy advisory firm Institutional Shareholder Services (ISS) has urged Apple Inc’s investors to vote for its director nominees and the pay packages for top executives, including Chief Executive Tim Cook. Apple will hold its annual shareholder meeting on March 10. The ISS stance, published in a research note on Friday, comes after the…
By John O’Donnell, Francesco Canepa and Alexandra Schwarz-Goerlich FRANKFURT/VIENNA (Reuters) -The United States’ sanctions authority has launched an inquiry into Raiffeisen Bank International over its business related to Russia, increasing scrutiny of the Austrian lender that plays a critical role in the Russian economy. Responding to questions from Reuters, the bank said it had received…
By Julie Zhu and Kane Wu (Reuters) -Chinese dealmaker Bao Fan, founder of investment bank China Renaissance Holdings Ltd, has gone missing in the latest disappearance of a top business executive, unnerving investors and sending its stock down as much as 50% on Friday. The mainland China-based boutique bank said in an exchange filing late…
By Laura Sanicola (Reuters) -Oil settled down $2 a barrel on Friday and ended the week markedly lower, as traders worried that future U.S. interest rate hikes could weigh on demand and got nervous about mounting signs of ample crude and fuel supply. On Thursday, two Fed officials warned additional hikes in borrowing costs are…
By John O’Donnell, Francesco Canepa and Alexandra Schwarz-Goerlich FRANKFURT/VIENNA (Reuters) -The United States’ sanctions authority has launched in inquiry into Raiffeisen Bank International over its business related to Russia, increasing scrutiny of the Austrian lender that plays a critical role in the Russian economy. Responding to questions from Reuters, the bank said it had received…
