WASHINGTON (Reuters) -A U.S. appeals court on the West Coast opened a docket on Thursday on the U.S. Federal Trade Commission’s effort to overturn its loss trying to stop Microsoft from buying “Call of Duty” maker Activision. A federal judge in California had ruled for Microsoft on Tuesday, saying the agency had failed to show…
By Noele Illien and John Revill BERN (Reuters) -A Swiss parliamentary investigation into the role played by state institutions in the collapse and emergency rescue of Credit Suisse will take 12 to 15 months to complete, its president said on Thursday. UBS agreed to buy Credit Suisse for 3 billion Swiss francs ($3.48 billion) in…
(Reuters) -The Associated Press is licensing a part its archive of news stories to OpenAI under a deal that will explore generative AI’s use in news, the companies said on Thursday, a move that could set the precedent for similar partnerships between the industries. The news publisher will gain access to OpenAI’s technology and product…
(Reuters) – NextDecade Corp shares fell 23% on Thursday on investor worries over the terms of $18.4 billion financing the U.S. liquefied natural gas developer obtained to go ahead with the long-delayed Phase 1 of Rio Grande LNG export facility. The company had on late Wednesday said it was one of the largest greenfield energy…
By Chibuike Oguh NEW YORK (Reuters) – Shares in Viasat plunged by as much as 36% to about a one-year low on Thursday after the U.S. satellite communications firm disclosed that one of its key satellites malfunctioned during deployment in space. The company’s ViaSat-3 Americas satellite developed an unexpected fault during its deployment – an…
By Vera Eckert and Susanna Twidale FRANKFURT/LONDON (Reuters) – Energy majors BP and TotalEnergies have won a 7 gigawatt (GW) offshore wind site auction in Germany worth a record 12.6 billion euros ($14.1 billion), allowing them entry to the central European market without a partnership. Previous auctions have been won by consortia, as happened in…
By Bernardo Caram and Rodrigo Viga Gaier BRASILIA/RIO DE JANEIRO (Reuters) -Leading members of Brazil’s economic team said on Thursday they predict the central bank has room to cut its benchmark interest rate by more than 25 basis points at its next meeting, further pressuring policymakers at the bank to lower borrowing costs. President Luiz…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. producer prices barely rose in June and the annual increase in producer inflation was the smallest in nearly three years, further evidence that the economy had entered a period of disinflation even as the labor market remains tight. The report from the Labor Department on Thursday followed news…
By Nivedita Balu TORONTO (Reuters) – The Bank of Canada’s interest rate hike on Wednesday and prospects of more increases heighten risks to mortgage lenders as homeowners are likely stay in debt longer, struggling to make higher payments or pay even the interest portion of their home loans, investors and analysts said. After urging lenders…
By Bansari Mayur Kamdar (Reuters) – Shares in Google parent Alphabet Inc were up 4.9% on Thursday after it said it was rolling out its artificial-intelligence chatbot Bard in Europe and Brazil, easing worries about overseas regulatory issues. The stock last traded at $124.73 and was on track for its biggest one-day percentage gain since…
