BEIJING (Reuters) -China’s securities regulator promised to deepen reforms in its capital markets and open them up further in the second half of this year, as part of moves to implement policy support pledged by top leaders of the country. The Politburo, a top decision-making body of the ruling Communist Party, promised on Monday to…
By David Stanway SINGAPORE (Reuters) – Human-induced climate change has played an “absolutely overwhelming” role in the extreme heatwaves that have swept across North America, Europe and China this month, according to an assessment by scientists published on Tuesday. Throughout July, extreme weather has caused havoc across the planet, with temperatures breaking records in China,…
By Kylie Madry and Aida Pelaez-Fernandez MEXICO CITY (Reuters) -Mexican breadmaker Grupo Bimbo lowered its sales and earnings guidance for 2023 as it deals with the strong appreciation of the peso, which also hurt second-quarter results released on Tuesday. Bimbo cut its annual sales forecast to low-to-mid single-digit growth, Chief Financial Officer Diego Gaxiola said…
By Joseph Ax (Reuters) – Voters in Ohio will decide in November whether to enshrine the right to abortion in their state constitution, after state officials on Tuesday confirmed abortion rights supporters had gathered enough signatures to place the question on the ballot. The measure will be closely watched by groups on both sides of…
By Elida Moreno PANAMA CITY (Reuters) – The Panama Canal will extend restrictions on ships’ maximum depth, it said on Tuesday, and it has limited average crossings at one of the world’s busiest trade passages to just 32 ships a day as a prolonged drought continues. The Panama Canal Authority (ACP) will maintain a depth…
By Kylie Madry MEXICO CITY (Reuters) – Grupo Televisa reported a more than 95% slide in quarterly net profit on Tuesday as the broadcaster’s income from its joint venture with Univision slipped and satellite TV unit Sky saw increased disconnections. Profit only reached 133.5 million pesos ($7.8 million) in the second quarter, a sharp drop…
(Reuters) -The U.S. Federal Trade Commission (FTC) is finalizing its long-awaited antitrust lawsuit against Amazon in a move that could ultimately break up parts of the company, Politico reported on Tuesday. The wide-ranging lawsuit is expected as soon as August and will likely challenge a host of Amazon’s business practices, the report said, citing people…
By Carolina Mandl and Bansari Mayur Kamdar (Reuters) – The tech-heavy Nasdaq closed higher on Tuesday, leading gains on Wall Street amid investor excitement about artificial intelligence before earnings reports from megacap technology companies Alphabet and Microsoft after the bell. Both Microsoft and Alphabet have launched an array of AI products since OpenAI, backed by…
By Phil Stewart WASHINGTON (Reuters) – A U.S. federal judge on Tuesday voided a 2017 court-martial conviction against Bowe Bergdahl, an Army sergeant who walked off his post in 2009 only to be captured by the Taliban and spend five years as their prisoner. Bergdahl’s conviction in 2017 left him with a dishonorable discharge, reduction…
TOKYO (Reuters) – Japan’s business-to-business service inflation slowed in June, data showed on Wednesday, suggesting that companies remained slow in passing on rising labour costs despite a tight job market. The services produce price index, which measures the prices companies charge each other for services, rose 1.2% in June from a year earlier, Bank of…
