By Blake Brittain (Reuters) – Alcon Vision LLC will pay Johnson & Johnson’s J&J Surgical Vision Inc $199 million to settle legal battles over intellectual property related to the companies’ laser eye-surgery devices, Alcon said in a press release on Sunday. Alcon said the one-time payment would resolve “various worldwide intellectual property disputes” and that…
By Alun John and Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) – The dollar rose to a one-week high against the rate-sensitive Japanese yen in choppy trading on Monday, on market expectations that the Federal Reserve will keep monetary policy tight for longer, sending U.S. Treasury yields at the short end of the curve higher. Those expectations…
(Reuters) -Cloud communications company Twilio Inc said on Monday it was eliminating about 17% roles and closing some offices as part of a restructuring effort to focus on profitability. The move, which is the second instance of job cuts in six months, sent the company’s share up 2%. As part of the restructuring, Twilio will…
By Aftab Ahmed and Sarita Chaganti Singh (Reuters) – India’s annual retail inflation in January rose above the central bank’s upper threshold for the first time in three months, on higher food prices, vindicating last week’s hawkish monetary policy stance. India’s annual retail inflation rate rose to 6.52% in January from 5.72% in December, government…
By Richa Naidu LONDON (Reuters) -This Valentine’s Day is set to look different after a year of record food inflation that has sent up prices of everything from flowers to chocolates and dining in restaurants. COVID-era supply chain logjams and Russia’s invasion of Ukraine have meant that Britons paid a record 16.7% more for food…
By Aditya Kalra, Bharath Rajeswaran and Jayshree P Upadhyay NEW DELHI (Reuters) – India’s Adani Group sought to reassure investors on Monday as a rout in its shares continued, saying its business plans were fully-funded, its cashflows strong and it remained confident of delivering attractive returns to shareholders. Led by billionaire businessman Gautam Adani, the…
BENGALURU (Reuters) – Adani Group said on Monday the balance sheet of each of its portfolio companies was “very healthy” and that it has strong corporate governance and secure assets, amid a stock rout in the wake of a short-seller report. Adani Group companies “have strong cash flows, and our business plan is fully funded,”…
By Wayne Cole and Amanda Cooper LONDON/SYDNEY (Reuters) – Global shares steadied, while the dollar rose on Monday, ahead of U.S. inflation data that could define the outlook for global interest rates, while news that the U.S. air force had shot down another airborne object created some geopolitical uncertainty. Officials declined to say whether this…
(Reuters) – Japanese investors turned net buyers of overseas bonds in January for the first time in five months, as U.S. bond yields retreated on signs that slowing inflation would prompt major central banks to reduce their pace of rate hikes. According to data from Japan’s Ministry of Finance, Japanese investors purchased a net 1.56…
SHANGHAI (Reuters) – Slashed prices have given Tesla’s China sales a pop, but analysts – and even fans – warn the U.S. automaker needs to up its long-term game to avoid choking on the dust of fast-moving rivals in the world’s biggest electric vehicle market. Most immediately, Tesla’s January price cuts drove deliveries of its…
