By Sam Nussey TOKYO (Reuters) – Alibaba’s recent registration of additional American Depository Shares is not tied to any specific future transaction by SoftBank Group Corp, a spokesperson for the Japanese conglomerate said on Wednesday. “The registration of the ADR conversion facility (F6 filing, which was filed by Alibaba), including its size, is not tied…
By Kevin Buckland TOKYO (Reuters) – The dollar touched a one-month high versus the yen on Wednesday, boosted by a climb in Treasury yields to multi-year peaks overnight as traders wait on U.S. inflation data this week for clues on the pace of Federal Reserve policy tightening. The euro continued to retreat from near a…
By Elizabeth Culliford (Reuters) – Facebook parent Meta Platforms said on Tuesday it had filed a joint lawsuit with digital banking company Chime against two Nigeria-based individuals who engaged in phishing attacks to deceive people and gain access to their online financial accounts. The lawsuit, which is the first joint complaint between Meta and a…
WASHINGTON (Reuters) -High U.S. inflation may get even higher before subsiding in the face of Federal Reserve action and as supply chain strains recede, San Francisco Federal Reserve Bank President Mary Daly said on Tuesday. “We could have it be worse before it gets better but it is definitely going to get better,” Daly told…
By Adriana Barrera MEXICO CITY (Reuters) – The top U.S. business lobby in Mexico on Tuesday raised concerns about a bill that would strengthen state control of the power market at the expense of private capital, saying it would make it tougher for American companies to meet climate pledges. Mexican President Andres Manuel Lopez Obrador…
By John O’Donnell and Huw Jones FRANKFURT/LONDON (Reuters) – The European Central Bank is preparing banks for a possible Russian-sponsored cyber attack as tensions with Ukraine mount, two people with knowledge of the matter said, as the region braces for the financial fallout of any conflict. The stand-off between Russia and Ukraine has rattled Europe’s…
SYDNEY (Reuters) – A measure of Australian consumer sentiment fell for a third month in February as higher living costs from petrol to rent undermined finances and overshadowed an easing in coronavirus cases. The Westpac-Melbourne Institute index of consumer sentiment released on Wednesday slipped 1.3% in February from January, when it dropped 2.0%. The index…
By Julie Gordon and Rod Nickel OTTAWA (Reuters) – Protests in Canada against vaccine mandates have disrupted two key U.S. border crossings, and are snarling hundreds of millions of dollars daily of trade, ranging from cattle to car parts. Demonstrations demanding an end to federal COVID-19 vaccine mandates for cross-border truck drivers began Jan. 28…
Starbucks has fired seven employees who were leading an effort to unionize a Memphis, Tennessee, store. The Seattle coffee giant said Tuesday that the employees violated company policy by reopening a store after closing time and inviting non-employees to come inside and move throughout the store, including behind the counter and in back rooms. The…
(Reuters) – Nikola Corp has imposed a temporary hiring freeze as it grapples with the departure of several senior executives in its supply-chain department over the last few months, Electrek reported on Tuesday, citing sources familiar with the matter. Matthew Jenkins, director of supply chain and purchasing; Mike Chaffins, global head of supply chain; and…
