By Nikunj Ohri and Sarita Chaganti Singh NEW DELHI (Reuters) – Brokering peace between Russia and Ukraine is beyond the remit of the G20 and such efforts will be best undertaken by the United Nations and through bilateral negotiations, India’s sherpa to the bloc said Saturday. “Our view is that G20 is an economic forum,…
SYDNEY (Reuters) – Australian Treasurer Jim Chalmers expressed optimism on Saturday about progress on a long-awaited overhaul of global corporate taxation at a meeting of Group of 20 (G20) nations in India. “There’s been progress made over the years and we want to advance that progress further,” Chalmers told ABC television, referring to the meeting…
A moneyed titan appears to be going all-in on a pessimistic bet against Ford Motor (NYSE:F), an occurrence that demands our close attention. The sheer size of this bet hints at a potential iceberg ahead for the automotive giant. Who’s the player? It’s anybody’s guess. But what’s crystal clear is this: when F takes…
(Reuters) -The US Federal Trade Commission (FTC) has sought additional information and documentary material related to Pfizer’s proposed acquisition of Seagen Inc, Seagen said on Friday. The antitrust agency sent the requests separately to both the companies, a regulatory filing said. Pfizer struck a $43 billion deal in March to acquire Seagen and its targeted…
By Noor Zainab Hussain, Tatiana Bautzer and Saeed Azhar (Reuters) -Some of the largest U.S. banks said on Friday they got a profit boost from higher rates and painted a picture of a resilient economy, with sparks of hope in some businesses like deal-making that have been in the dumps of late. But they also…
By Jonathan Stempel NEW YORK (Reuters) -The U.S. Virgin Islands said it wants JPMorgan Chase to pay at least $190 million, and possibly much more, to resolve its lawsuit accusing the largest U.S. bank of ignoring the disgraced late financier Jeffrey Epstein’s sex trafficking. In a Friday filing in federal court in Manhattan, the territory…
By Dawn Chmielewski (Reuters) -Like a plot from the anthology television series “Black Mirror,” the Screen Actors Guild says it is battling the studios for control over the digital replicas of performers that could be used “for the rest of eternity.” The studios counter that they have offered groundbreaking protections from misuse of images. Artificial…
By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 ended down slightly on Friday, with bank and financial shares mostly lower on the day following quarterly reports that kicked off earnings season, but all three major U.S. stock indexes posted solid weekly gains. Offsetting some of the declines, UnitedHealth Group’s stock rallied following its…
By Tom Westbrook, Rae Wee and Hannah Lang SINGAPORE/WASHINGTON (Reuters) – Bitcoin was hovering near its highest so far this year on Friday after crypto investors took encouragement from a legal victory in which the cryptocurrency XRP was ruled not to be a security. A U.S. judge said on Thursday that Ripple Labs Inc did…
By Rollo Ross and Danielle Broadway LOS ANGELES (Reuters) -Striking Hollywood actors joined film and television writers on picket lines for the first time in 63 years on Friday, cheering and chanting outside major studios with calls for higher streaming-era pay and curbs on use of artificial intelligence. The twin strikes will add to the…
