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%…
By Trevor Hunnicutt and Jarrett Renshaw WASHINGTON (Reuters) – U.S President Joe Biden on Wednesday used the first anniversary of his signature Inflation Reduction Act to pitch the landmark clean-energy law as an economic powerhouse to a public that remains largely unaware of its contents. The wide-ranging law provides billions of dollars in tax credits…
By Tim Cocks JOHANNESBURG (Reuters) – BRICS leaders meet in South Africa next week to discuss how to turn a loose club of nations accounting for a quarter of the global economy into a geopolitical force that can challenge the West’s dominance in world affairs. Russian President Vladimir Putin, who faces an international arrest warrant…
By Elida Moreno and Marianna Parraga PANAMA CITY (Reuters) – The Panama Canal Authority on Wednesday notified shippers it is extending through Sept. 2 restrictions for vessels to transit through the waterway and keeping the number of vessels authorized to pass per day to a maximum of 32. The Canal restrictions, implemented in recent months…
By Jaspreet Singh and Max A. Cherney (Reuters) – Chip design software company Synopsys on Wednesday named 25-year-veteran Sassine Ghazi as its CEO and president, and forecast better-than-expected fourth-quarter results as artificial intelligence (AI) innovations fuel demand for custom semiconductor design. The company said Ghazi, who brings with him decades of chip design and applications…
By Brendan Pierson (Reuters) – Access to the abortion pill mifepristone must be restricted, a U.S. appeals court ruled on Wednesday, ordering a ban on telemedicine prescriptions and shipments of the drug by mail, though the decision will not immediately take effect. The New Orleans-based 5th U.S. Circuit Court of Appeals stopped short of ruling…
By Brendan Pierson (Reuters) – Access to the abortion pill mifepristone must be restricted, a U.S. appeals court ruled on Wednesday, ordering a ban on telemedicine prescriptions and shipments of the drug by mail. Here’s what the ruling from the New Orleans-based 5th U.S. Circuit Court of Appeals means for doctors and patients: CAN PATIENTS…
(Reuters) – Global ratings agency Fitch downgraded Ecuador deeper into junk territory on Wednesday, citing financing risks arising from a significant deterioration in fiscal accounts as the country heads to polls. Ecuador’s long-term foreign currency issuer default rating was cut to “CCC+” from “B-” by Fitch. “Liquidity constraints have resulted in a sizeable build-up in…
