(Reuters) – The Australian corporate regulator said on Tuesday that it had urged companies to make full disclosures of impact of COVID-19 and rising interest rates on asset valuations in their upcoming full-year and half-year results. The Australian Securities and Investments Commission (ASIC) said in a statement that directors should ensure that investors are duly…
(Reuters) – Apple Inc unveiled its first augmented-reality (AR) headset, as well as a series of upgrades to its devices and software, at the company’s annual developers conference on Monday. Apple’s Vision Pro, pitted against Meta Platforms Inc’s Quest line and PlayStation VR from Sony Group, marks the iPhone maker’s foray into a new product…
(This May 31 story has been corrected to fix the spelling of executive’s name to Teresa, not Theresa, in paragraph 5) By Michael Erman (Reuters) – Swiss drugmaker Roche Holding AG plans to sell its 800-employee drug manufacturing plant in Vacaville, California, or it will shut the factory by 2029, according to e-mailed letters to…
By Kanishka Singh WASHINGTON (Reuters) -Microsoft will pay $20 million to settle U.S. Federal Trade Commission (FTC) charges that the tech company illegally collected personal information from children without their parents’ consent, the FTC said on Monday. The company had been charged with violating the U.S. Children’s Online Privacy Protection Act (COPPA) by collecting personal…
(This May 15 story has been corrected to remove references to investment bankers being in telecom, media and technology sectors in the headline and paragraph 1) By Milana Vinn and Anirban Sen NEW YORK (Reuters) – At least seven top Barclays Plc investment bankers have resigned to join UBS Group AG in the United States…
By David Shepardson WASHINGTON (Reuters) – More than 60% of U.S. unionized railroad workers at major railroads are now are covered by new sick leave agreements, a trade group said Monday. Last year railroads came under fire for not agreeing to paid sick leave during labor negotiations. In December, President Joe Biden signed legislation to…
By Angus Berwick and Tom Wilson LONDON (Reuters) – A senior Binance executive was the main operator for five bank accounts belonging to the giant cryptocurrency exchange’s purportedly independent U.S. affiliate, including an account that held American customers’ funds, bank records show. U.S. lender Silvergate Bank authorized the executive, Guangying Chen, a close associate of…
By Marcela Ayres BRASILIA (Reuters) – Brazil’s government will partially reintroduce a federal diesel tax this year to pay for leftist President Luiz Inacio Lula da Silva’s plan to bring down the cost of vehicles, Finance Minister Fernando Haddad said on Friday. The plan offers tax credits to manufacturers who lower auto prices. Last year,…
By Maria Ponnezhath and Clark Mindock (Reuters) – A U.S. judge on Monday granted a delay of a trial in a lawsuit brought by a Florida city against industrial conglomerate 3M Co over water contamination from toxic “forever chemicals,” after the parties said they were close to a settlement. 3M shares were down about 3%…
By Suban Abdulla LONDON (Reuters) – British retail sales growth slowed to a seven-month low in May as soaring food prices prompted shoppers to rein in spending on non-essential items and dashed hopes of a boost from three public holidays, the British Retail Consortium said on Tuesday. The BRC said spending in its members’ stores…
