By Jihoon Lee SEOUL (Reuters) – South Korea’s export downturn slowed in June, with auto exports extending robust rises and semiconductors narrowing their decline, as the bellwether Asian economy posted its first trade surplus since early last year. Shipments from Asia’s fourth-largest economy, offering one of the earliest snapshots of monthly global trade, fell 6.0%…
BEIJING (Reuters) – New home prices in China edged down in June from the previous month, marking a second straight month of declines, and housing sales are likely to remain weak over the summer when demand is usually at a low ebb, according to a private survey. The average price of new homes in 100…
(Reuters) – Walt Disney has been accused of systematically underpaying women in California in a lawsuit that alleges the company’s female employees in the state earned $150 million less than their male counterparts over an eight year period. The Friday filing in Los Angeles County Superior Court seeks to persuade the judge to certify a…
By Jonathan Stempel (Reuters) – A federal judge on Friday said Pilgrim’s Pride, Sanderson Farms, Tyson Foods and several other companies must face private antitrust litigation accusing them of conspiring to inflate broiler chicken prices by reducing supply. Restaurants, supermarkets, distributors and consumers have accused chicken producers of having conspired starting in 2008 to inflate…
By John McCrank and Carolina Mandl (Reuters) -Exchange operator Cboe on Friday refiled an application with the U.S. securities regulator to launch a bitcoin exchange-traded fund by asset manager Fidelity, saying it would work with global crypto exchange Coinbase to prevent any market manipulation in the process. The refreshed filing aims to address concerns raised…
By Sinéad Carew, Sruthi Shankar and Johann M Cherian (Reuters) – Wall Street’s three major indexes advanced solidly on Friday, with the tech-heavy Nasdaq boasting its biggest first-half gain in 40 years as inflation showed signs of cooling while Apple closed with a $3 trillion market valuation for the first time. Apple Inc breached the…
By Saeed Azhar, Tatiana Bautzer and Nupur Anand NEW YORK (Reuters) – U.S. banks including JPMorgan Chase, Wells Fargo, Goldman Sachs and Morgan Stanley hiked their third-quarter dividends on Friday after sailing through the Federal Reserve’s annual health check, which showed they have enough capital to weather a severe economic downturn. JPMorgan, the biggest U.S….
(Reuters) -Google has hired Brazilian former President Michel Temer to lobby lawmakers considering a proposal to regulate the internet, his adviser said on Friday. The legislative proposal, also known as the Fake News bill, would put the onus on internet companies, search engines and social messaging services to find and report illegal material, and charge…
By Rodrigo Campos and Jorge Otaola NEW YORK/BUENOS AIRES (Reuters) -The International Monetary Fund said on Friday that Argentina is current in its payment obligations, after the government said it made a $2.7 billion payment to the fund using its existing stock of the IMF’s reserve assets, and Chinese currency. A spokesperson for Argentina’s economy…
(This June 29 story has been corrected to clarify that the entity involved is not an Alberta government agency in the headline and paragraphs 1 and 2) By Divya Rajagopal and Xie Yu TORONTO/HONG KONG (Reuters) – An Alberta industrial development body has ended a partnership with a Chinese private equity fund that targeted $10…
