Exclusive-SoftBank prepares new round of layoffs at Vision Fund -sources
By Krystal Hu SAN FRANCISCO (Reuters) – SoftBank Group Corp is planning a fresh round of layoffs at its Vision…
Business
Rio Tinto inks deal to bring iron ore rail car manufacturing to Pilbara
(Reuters) – Mining giant Rio Tinto said on Tuesday it will partner with Western Australia-based Gemco Rail to bring local…
Australia business activity slows sharply in May, more risks ahead
SYDNEY (Reuters) – Australia’s business conditions eased sharply in May, dented by slower gains in sales and employment, suggesting demand…
New Zealand’s economy likely in recession as rate hikes take hold
By Lucy Craymer WELLINGTON (Reuters) – The New Zealand central bank’s aggressive hiking of the cash rate likely pushed the…
Novartis buys Chinook for $3.5 billion in race to treat rare kidney disease
By Ludwig Burger (Reuters) -Novartis said it has agreed to acquire U.S. biotech firm Chinook Therapeutics for up to $3.5…
Oracle beats quarterly revenue estimates on cloud services demand
(Reuters) -Oracle on Monday topped fourth-quarter revenue estimates and forecast an upbeat first quarter, driven by growing demand for its…
EU chief sees Mercosur deal this year, Lula fears environmental sanctions
By Anthony Boadle BRASILIA (Reuters) -European Commission President Ursula von der Leyen on Monday said the EU hopes to finalize…
Harley-Davidson to run limited motorcycle manufacturing at its York facility
(Reuters) – Harley-Davidson said on Monday the motorcycle maker will be running limited motorcycle manufacturing operations at its York facility…
US Senate leaders unveil $107 billion aviation policy bill
By David Shepardson WASHINGTON (Reuters) -Leaders of the Senate Commerce Committee on Monday introduced a bipartisan aviation policy bill that…
S&P 500 and Nasdaq close at highest since April 2022
By Noel Randewich and Shristi Achar A (Reuters) – The S&P 500 and the Nasdaq rallied on Monday to their…