(Reuters) – UBS Group AG has prioritised integrating Credit Suisse’s investment bank and accelerating cost-cutting, the Financial Times reported on Friday, citing people involved in the planning. Executives will move first on bringing the two investment banks together to “create clarity on day one” and avoiding “two people going out and calling institutions to sell…
By Richard Cowan WASHINGTON (Reuters) -The U.S. House of Representatives on Thursday approved Republican legislation intended to stop immigrants and illegal drugs crossing the nation’s southwestern border with Mexico, leaving it to the Senate to attempt a broader, bipartisan immigration bill. The package, which Democrats have warned will be blocked in the Senate, would set…
(Reuters) – Apple said on Friday it would open its first online store in Vietnam next week, as the iPhone vendor doubles down on emerging markets to drive growth amid slowing sales in China. The opening on May 18 comes just weeks after the Cupertino, California-based company opened its first Apple stores in India –…
By Nate Raymond and Andrew Chung (Reuters) – The U.S. Supreme Court on Thursday preserved a California law banning the sale of pork in America’s most-populous state from pigs kept in tightly confined spaces, rejecting an industry challenge claiming that the voter-backed animal welfare measure impermissibly regulates out-of-state farmers. The justices voted 5-4 to uphold…
By Nate Raymond and Andrew Chung (Reuters) – The U.S. Supreme Court on Thursday preserved a California law banning the sale of pork in America’s most-populous state from pigs kept in tightly confined spaces, rejecting an industry challenge claiming that the voter-backed animal welfare measure impermissibly regulates out-of-state farmers. The justices voted 5-4 to uphold…
By Kantaro Komiya TOKYO (Reuters) – Japan’s core consumer inflation likely re-accelerated in April, a Reuters poll of 19 economists showed, as a flurry of retail price hikes offset the effect of the government’s energy subsidies. Persistent inflation, coupled with three-decade-high wage hikes, have emboldened market speculation that the Bank of Japan is preparing for…
By Sujith Pai BENGALURU (Reuters) – Thailand’s economy likely picked up speed in the first quarter aided by a strong recovery in the tourism sector and a rebound in private consumption, but a weakening global economy poses the biggest risk to the outlook, a Reuters poll found. The tourism-reliant economy’s recovery has lagged its regional…
By Nivedita Bhattacharjee BENGALURU (Reuters) -Encouraged by high-profile successes elsewhere, India wants its private space companies to increase their share of the global launch market by fivefold within the next decade – an effort boosted by the personal support of Prime Minister Narendra Modi. In the year after the country opened the way for private…
(Reuters) – Walgreens Boots Alliance, one of the largest U.S. pharmacies, said on Thursday it has sold some of its shares in drug distributor AmerisourceBergen Corp for $694 million and will primarily use the proceeds to pay down debt. AmerisourceBergen will repurchase about $50 million of its common stock from Walgreens in this transaction, the…
By Ted Hesson (Reuters) – The United States is set to lift COVID-19 restrictions on Thursday night, known as Title 42, which have been in place for three years and allow border agents to quickly expel many migrants caught crossing the border back to Mexico. Immigration processing will revert to a pre-existing system, known as…
