(Reuters) -Australian fintech company Humm Group said on Friday its unit got an interim stop order from the country’s corporate regulator restricting it from issuing buy-now-pay-later products to new customers, sending the company’s shares down nearly 13%. The interim stop order relates to Australian Securities and Investments Commission’s (ASIC) concerns regarding the target market determination…
By Sarah N. Lynch WASHINGTON (Reuters) – The founder of the far-right militant Oath Keepers Stewart Rhodes was sentenced to 18 years in prison on Thursday for seditious conspiracy, the longest sentence imposed to date over the Jan. 6 U.S. Capitol riot that sought to keep Donald Trump in the White House. U.S. District Judge…
By Echo Wang (Reuters) -Diesel engine maker Cummins Inc priced the initial public offering (IPO) of its engine filtration division to raise about $275 million, the company said on Thursday, defying volatile markets which are being shaken by uncertainty over a deal on the U.S. debt ceiling. Atmus Filtration Technologies sold 14.1 million shares at…
TOKYO (Reuters) -Japan and the United States are likely to issue a joint statement on semiconductor and advanced technology cooperation on Friday, the Yomiuri daily newspaper reported without disclosing where it obtained the information. Japan’s Minister of Economy, Trade and Industry Yasutoshi Nishimura and U.S. Secretary of Commerce Gina Raimondo will meet in the U.S….
By Yuka Obayashi and Mayu Sakoda TOKYO (Reuters) -Nippon Steel Corp is still in talks with Teck Resources, despite Glencore’s bid for the Canadian miner, as Japan’s top steelmaker remains eager to take a stake in Teck’s high-grade coking coal asset, a senior executive said. “We are still negotiating with Teck toward making an equity…
By Aditya Soni (Reuters) -Nvidia Corp surged 24% on Thursday in one of the largest one-day gains in value for a U.S. stock, after its stellar revenue forecast showed that Wall Street has yet to price in the game-changing potential of AI. The surge more than doubled the stock’s value for this year and increased…
By Stella Qiu SYDNEY (Reuters) -Australian retail sales were flat in April as consumers, who face high living costs and rising interest rates, cut back spending on food and dining out, bolstering the case for a pause in rate hikes next month. Data from the Australian Bureau of Statistics (ABS) on Friday showed retail sales…
By Vivek Mishra and Shaloo Shrivastava BENGALURU (Reuters) – India’s economy will grow about 6% this fiscal year with a small increase in private investment, according to a Reuters poll of economists who said lower growth and high inflation were the biggest risks to the outlook. While that was expected to be faster than other…
By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) -Japanese Finance Minister Shunichi Suzuki said on Friday after the yen fell to a six-month low against the dollar that currency rates should be set by markets based on economic fundamentals. “Currency rates should be determined by markets based on fundamentals,” Suzuki told a news conference after…
SYDNEY (Reuters) – Australian retail sales were flat in April as consumers, in the face of high cost of living and rising interest rates, curbed spending on food and eating out. Data from the Australian Bureau of Statistics (ABS) on Friday showed retail sales were unchanged in April from March, when they rose 0.4%. Analysts…
