(Reuters) – Medibank Private Ltd on Thursday beat profit estimates for the first half of fiscal 2023, as its international business received a boost from students, workers and visitors returning to the country. Australia’s biggest health insurer posted a net profit after tax of A$233.3 million ($159.41 million) for the six months ended Dec. 31,…
(Reuters) -Norfolk Southern will take responsibility for cleaning up the environmental damage from this month’s train derailment and controlled detonation of hazardous materials in East Palestine, Ohio, its finance chief said on Wednesday. The comments by Chief Financial Officer Mark George come a day after the U.S. Environmental Protection Agency ordered the rail operator to…
SYDNEY (Reuters) – Australia’s government is advertising a job on the policy-setting board of the Reserve Bank of Australia, the first time the powerful position has been thrown open to all comers amid a push for more diversity at the central bank. An ad on the government’s jobs portal on Thursday called for candidates with…
AMSTERDAM (Reuters) – The Dutch personal data watchdog said on Wednesday it would not fine Tesla Inc. over possible privacy violations after the U.S. carmaker made changes to vehicle security cameras. Tesla uses such cameras in its cars to help owners protect them against theft or vandalism, but the Dutch Data Protection Authority (DPA) investigated…
By Chavi Mehta, Stephen Nellis and Jane Lanhee Lee (Reuters) -Chip designer Nvidia Corp forecast first-quarter revenue above Wall Street estimates on Wednesday as the company benefits from a boom in spending to power chatbots and other artificial intelligence technologies. The sales outlook sent Nvidia’s shares up 8% in extended trading. Nvidia, the world’s largest…
(Reuters) -Qantas Airways Ltd posted first-half profit at the top end of its forecast range and announced a A$500 million ($340.30 million) share buy-back on Thursday, as demand for air travel rebounded strongly despite higher fares. The airline said the turnaround to profit was “underpinned by strong travel demand with revenue strength offsetting record fuel…
By Hannah Lang (Reuters) -The firm behind Binance’s stablecoin, Paxos Trust Company, is in discussions with the U.S. Securities and Exchange Commission after the regulator told the company it should have registered the token as a security, according to an internal email from Paxos’ chief executive officer. “We are engaged in constructive discussions with the…
(Reuters) -Electric-vehicle maker Tesla Inc will make its global engineering headquarters in California, Chief Executive Elon Musk and California Governor Gavin Newsom announced on Wednesday. Tesla in December 2021 moved its headquarters from Silicon Valley’s Palo Alto, California to Austin, Texas, where it is operating a new car factory. Musk’s SpaceX rocket company also has…
(Reuters) – Traders of futures tied to the Federal Reserve’s policy rate on Wednesday largely stuck to the view the central bank will keep raising rates a quarter of a point at its next three meetings. The U.S. central bank released minutes of its most recent meeting, Jan. 31 – Feb. 1, showing most policymakers…
MILAN (Reuters) – Starbucks has launched a new drink that mixes coffee with olive oil, offering it initially in Italy as an alternative to the more standard espresso or cappuccino. The so-called “Oleato” beverages are made with arabica coffee “infused with a spoonful of Partanna cold pressed, extra virgin olive oil,” Starbucks, the world’s largest…
