By Leika Kihara TOKYO (Reuters) -Japan’s new central bank governor Kazuo Ueda will see his communication skills put to test at his debut policy meeting on Friday, as markets look for clues on how soon the country’s prolonged ultra-low interest rates could end. At the meeting Ueda chairs just three weeks into his term, the…
By Chavi Mehta, Stephen Nellis and Jane Lanhee Lee (Reuters) -Chipmaker Intel Corp on Thursday said slumping gross margins will improve in the second half of the year, a welcome sign in a difficult economy that sent shares up 4% in after-hours trading. Intel also said it was shipping a long-delayed chip in volume, and…
By Ismail Shakil OTTAWA (Reuters) – Canada’s Senate on Thursday passed the government’s online streaming legislation after a 10-month debate over a law that will force firms like Netflix and Alphabet Inc-owned YouTube to offer more Canadian content. Bill C-11, or the Online Streaming Act, cleared the unelected upper chamber of the Canadian parliament with…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Amidst a deluge of economic indicators across the continent and a screeching U.S. tech sector rally that’s lifting global stock markets, all eyes in Asia will be fixed on one event Friday: the Bank of Japan’s policy meeting….
By Akash Sriram and Jeffrey Dastin (Reuters) -Amazon.com Inc on Thursday reported quarterly sales and profit ahead of expectations, projecting confidence in its cloud business despite a clampdown in customers’ spending and touting how its aggressive cost cuts were starting to pay off. Shares rose 8% in extended trading, also bolstered by a forecast for…
By Nupur Anand and Lananh Nguyen NEW YORK (Reuters) -JPMorgan Chase & Co CEO Jamie Dimon sent a clear message to employees this month: get back to the office. It touched a nerve among his staff. The largest U.S. lender’s employees inundated an internal messaging forum with criticism after its operating committee posted an edict…
By Nupur Anand and Lananh Nguyen NEW YORK (Reuters) – JPMorgan Chase & Co CEO Jamie Dimon sent a clear message to employees this month: get back to the office. It touched a nerve among his staff. The largest U.S. lender’s employees inundated an internal messaging forum with criticism after its operating committee posted an…
WASHINGTON (Reuters) – Federal Trade Commission Chair Lina Khan met with the heads of other antitrust enforcers, including Britain’s, last week but no mergers were discussed, according to an FTC official who spoke amid allegations the FTC and UK are working together to block Microsoft’s bid for Activision. On Wednesday, Britain’s Competition and Markets Authority…
By Kannaki Deka (Reuters) -Harley-Davidson Inc on Thursday reported better-than-expected first-quarter results even as retail sales in North America fell, indicating a softness in demand in the motorcycle maker’s largest market due to inflationary pressures. Shares of Harley-Davidson were down about 3% in afternoon trade as first-quarter retail sales in North America fell 17%. The…
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s central bank could hike its benchmark interest rate as much as 10 percentage points to 91%, a source said on Thursday, as it tries to tame high inflation and steady the peso currency, which has tumbled in black market trading. With Argentina’s inflation rate running at more…
