SYDNEY (Reuters) – GQG Partners’ founder Rajiv Jain said on Wednesday the fund manager would likely expand its $1.9 billion investment in the Adani group. “Chances are we’ll probably buy more because we typically initiate a position and then dpending on how things go and how the earnings come through we tend to get it…
HONG KONG (Reuters) -Cathay Pacific Airways Ltd is ready to rebuild the airline and Hong Kong’s hub status as it emerges from the pandemic, the carrier’s chief executive said on Wednesday after it reported a 2022 loss at the low end of forecasts. Cathay shares rose as much as 1.4% to HK$7.95 after the results…
TAIPEI (Reuters) – Alphabet Inc.’s Google said on Wednesday it will launch a T$300 million ($9.8 million) fund over the next three years to help boost the Taiwanese media’s continuing operations and digital competitiveness. Google has come under pressure in some countries to negotiate commercial deals and pay news publishers for their content, though not…
By David Shepardson WASHINGTON (Reuters) -JetBlue Chief Executive Robin Hayes strongly defended the airline’s $3.8 billion plan to buy ultra-low cost carrier Spirit Airlines despite the Justice Department’s lawsuit Tuesday challenging the deal. “Of course we’re going to continue to offer low fares,” Hayes told Reuters in an interview. “This argument that we’ll take seats…
By Kantaro Komiya and Tetsushi Kajimoto TOKYO (Reuters) – Japan’s real wages fell the most in nearly nine years in January, official data showed, as four-decade-high inflation squeezed the purchasing power of consumers and undercut efforts by policymakers to revive a COVID-ravaged economy. Wage trends in the world’s third-largest economy are under close market scrutiny…
By Tom Westbrook SINGAPORE (Reuters) – The dollar was riding high on Wednesday, flung to three-month peaks when Federal Reserve Chair Jerome Powell surprised investors by warning that interest rates might need to go up faster and higher than expected to rein in inflation. The rising greenback broke above its 200-day moving average against the…
By David Shepardson WASHINGTON (Reuters) -The White House said it backed legislation introduced on Tuesday by a dozen Senators to give the administration new powers to ban Chinese-owned video app TikTok and other foreign-based technologies if they pose national security threats. The endorsement boosts efforts by a number of lawmakers to ban the popular ByteDance-owned…
(Reuters) -The U.S. Federal Trade Commission asked Twitter to turn over some internal communications related to owner Elon Musk and other detailed information about business decisions as part of an investigation into the social media company, according to a report put out by two House of Representatives committees. The FTC sent more than a dozen…
(Reuters) – The European Union told Elon Musk to hire more human moderators and fact-checkers to review posts on Twitter, the Financial Times reported on Monday, citing four people familiar with talks between Musk, Twitter executives and regulators in Brussels. The demand complicates Musk’s efforts to reorganize the loss-making business he acquired for $44 billion…
(Reuters) – WeWork Inc is in talks with investors to restructure its outstanding debt of more than $3 billion and raise more cash, the New York Times reported on Tuesday. An infusion of cash would most likely give WeWork the hundreds of millions of dollars it needed to keep operating for at least a few…
