TOKYO (Reuters) – Bank of Japan policymakers agreed that consumer inflation may overshoot their expectations if companies pass on rising costs quicker than expected, minutes of the central bank’s January meeting showed on Thursday. Many in the BOJ’s nine-member board said they were closely watching developments in wages, as they make up a big component…
By David Shepardson (Reuters) -A jury in Texas on Wednesday found a former chief technical pilot for Boeing accused of deceiving federal regulators evaluating the company’s 737 MAX jet not guilty, court records showed. Former Boeing pilot Mark Forkner was indicted in October on charges of scheming to defraud Boeing’s U.S.-based airline customers to obtain…
(Reuters) -National Australia Bank Ltd, the country’s No. 2 lender, said on Thursday it will start a further on-market share buyback of up to A$2.5 billion ($1.87 billion), following the completion of a similar repurchase. The new buyback will reduce the bank’s common equity tier 1 (CET1) capital ratio by about 58 basis points towards…
(Reuters) – National Australia Bank Ltd, the country’s No. 2 lender, said on Thursday it will commence a further on-market buyback of up to A$2.5 billion ($1.87 billion) of its shares, after completing a similar repurchase. ($1 = 1.3342 Australian dollars) (Reporting by Indranil Sarkar in Bengaluru; Editing by Shailesh Kuber)
By Tassilo Hummel and Gilles Guillaume PARIS (Reuters) -Renault SA, the Western carmaker most exposed to the Russian market, said on Wednesday it would suspend operations at its plant in Moscow while it assesses options on its majority stake in Avtovaz, the country’s No. 1 carmaker. The move came amid mounting pressure over the French…
By Raphael Satter WASHINGTON (Reuters) -Okta said on Wednesday hundreds of its customers may have been affected by a security breach involving hacking group Lapsus$, amid criticism of the digital authentication firm’s slow response to the intrusion that knocked its shares down about 11 percent. The breach sparked concern because the cyber extortion gang had…
By Hyunjoo Jin SAN FRANCISCO (Reuters) – Japan’s Toyota Motor and Aurora Innovation Inc, a U.S. developer of automated driving systems, have started testing autonomous ride-hailing fleet in Texas, with two safety operators and no passenger on board, Aurora said on Tuesday. Toyota’s Sienna minivans, retrofitted with Aurora’s self-driving system, will be tested on highways…
NEW YORK (Reuters) – More than a year after retail investors, aided by social media, forced an epic squeeze of a handful of heavily shorted stocks, a few of the infamous “meme” stocks were back in the fast lane this week. GameStop Corp shares were up 12.9% in the last half hour of trade on…
By Andrea Shalal WASHINGTON (Reuters) -The United States will “absolutely” enforce export controls if Chinese companies send semiconductors to Russia that were made with U.S technology, a move that could “essentially shut them down,” Commerce Secretary Gina Raimondo said on Wednesday. Raimondo doubled down on U.S. threats to punish any company in any country that…
By David Gaffen NEW YORK (Reuters) -Oil prices jumped 5% to over $121 a barrel on Wednesday as disruptions to Russian and Kazakh crude exports via the Caspian Pipeline Consortium (CPC) pipeline added to worries over tight global supplies. The situation adds to market worries about the ripple effect of heavy sanctions on Russia, the…
