(Reuters) – Alphabet’s health science unit is planning additional expense cuts after losing more money than expected so far this year, the Wall Street Journal reported on Wednesday, citing an internal presentation. Verily Life Sciences posted wider-than-expected operating losses through June, missing its projections by $17 million, the report said. Last year, operating losses totaled…
By Jonathan Allen LAHAINA, Hawaii (Reuters) -Maui’s emergency management chief on Wednesday defended his agency’s decision against sounding sirens during last week’s deadly wildfire amid questions about whether doing so might have saved lives. Herman Andaya, administrator of the Maui County Emergency Management Agency, said sirens in Hawaii are used to alert people to tsunamis….
A look at the day ahead in European and global markets from Ankur Banerjee It has been a tough week in Asia as market jitters around China show no signs of easing. Underwhelming economic data, along with the ever-deepening property crisis, have unnerved investors and taken Asian stocks to their lowest since November. Missed payments…
By Lewis Jackson and Alasdair Pal SYDNEY (Reuters) – Woodside Energy and Chevron said on Thursday there were no updates on wage disputes at some of Australia’s largest liquefied natural gas (LNG) facilities, as the unions involved in talks filed a safety complaint against Woodside. Woodside’s North West Shelf and Chevron’s Gorgon and Wheatstone Australian…
By Wayne Cole SYDNEY (Reuters) -Australia employment unexpectedly fell in July to end two months of very strong growth, while the jobless rate ticked higher in a sign the drum-tight labour market might finally be loosening. The softer reading stoked speculation the Reserve Bank of Australia (RBA) might be done hiking interest rates and dragged…
By Rishav Chatterjee (Reuters) -ANZ Group Holdings said on Thursday late mortgage repayments edged up in the June quarter but were still below historical levels, and the Australian lender logged higher customer deposits. The country’s fourth-largest bank mirrors trends seen at its other large lenders which are all dealing with rising financial stress among mortgage…
By Poonam Behura (Reuters) -Australia’s Telstra shelved plans on Thursday to sell a stake in its physical infrastructure unit, sending its shares about 2.5% lower, even as the telecom firm forecast higher underlying core earnings after a 14% jump in fiscal 2023 profit. The country’s largest telecoms firm decided against selling a stake in InfraCo…
By Anton Bridge TOKYO (Reuters) – About 40% of Japanese firms expect the central bank’s recent policy adjustment to have an impact on their fundraising, a Reuters survey showed, highlighting Japan Inc’s sensitivity to any changes in policy after years of massive easing. Signs the Bank of Japan may be gearing up to exit its…
(Reuters) -Paramount Global dropped its plans to sell a majority stake in BET Media Group, which includes the VH1 and BET cable networks and BET+ streaming service, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The company notified bidders on Wednesday that it decided to end the sale process as…
(Reuters) – Colombian financial conglomerate Grupo Aval reported a 75.4% year-over-year fall in net profit in the second quarter, according to a securities filing on Wednesday, despite a strong boost in interest income. In the three-month period to June, net profit reached 166.2 billion pesos ($40.6 million). Meanwhile, the conglomerate saw interest income soar 70%…
