Former ByteDance executive says he was dismissed for flagging illegal activity
(Reuters) – A former head of engineering at Bytedance in the United States has said the company discharged him after…
Business
Yellen expects US regulators to be open to mergers among midsize banks
By Andrea Shalal NIIGATA, Japan (Reuters) – The current banking environment and pressures on earnings of some U.S. regional banks…
Fed policy on right track, but inflation still too high, officials say
By Ann Saphir PALO ALTO, Calif. (Reuters) -The Federal Reserve is getting interest rates closer to where they need to…
China’s Oppo to shut down chip design unit as smartphone sales slump
SHANGHAI (Reuters) – Chinese smartphone maker Oppo said it will shut down its chip design unit, citing uncertainties in the…
Fed’s Jefferson: inflation ‘insidious,’ need to bring it down
PALO ALTO, Calif. – Federal Reserve Governor Philip Jefferson said on Friday he is just as serious about the central…
Exclusive-G7 to vow diversifying of supply chains, filling bank regulatory gaps -draft
(Reuters) -Finance leaders of the Group of Seven (G7) advanced economies set a year-end deadline for launching a new scheme…
Luminar Tech CEO Russell to acquire majority stake in Forbes
(Reuters) -Luminar Technologies CEO Austin Russell will buy a majority stake in Forbes Global Media Holdings in a deal that…
Stellantis, LGES implementing ‘contingency plans’ for battery plant in Canada
By Ismail Shakil OTTAWA (Reuters) -Automaker Stellantis and South Korea’s LG Energy Solution (LGES) are implementing “contingency plans” related to…
Bank of Canada names longtime executive Mendes as deputy governor
By Ismail Shakil OTTAWA (Reuters) -The Bank of Canada (BoC) said on Friday it has picked longtime central bank executive…
Indexes slip with tech-related shares; consumer sentiment drops
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended slightly lower on Friday, led by weaker megacap shares following…