By Kanupriya Kapoor (Reuters) – Asian shares rose broadly on Friday morning after softer-than-expected U.S. employment data raised the possibility of the Federal Reserve turning less aggressive on its policy tightening stance in coming months. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.45%, riding on a strong Wall Street close overnight. Japan’s…
By Sonali Paul MELBOURNE (Reuters) – Oil prices were roughly unchanged on Friday, clinging to gains made in the previous session on doubts that producers belonging to OPEC+ can hike their crude output enough to make up for lost supply from Russia. U.S. West Texas Intermediate (WTI) crude futures were up 1 cent at $116.88…
(Reuters) – Electric vehicle major Tesla Inc Chief Executive Officer Elon Musk said on Thursday that Tesla’s AI Day has now been pushed to Sept. 30. “Tesla AI Day pushed to Sept 30, as we may have an Optimus prototype working by then,” he wrote https://twitter.com/elonmusk/status/1532525711763841043?s=20&t=kI52gTnDYrsrQ9bA3R71AA on Twitter, almost two weeks after he announced the…
TOKYO (Reuters) – Toshiba Corp plans to notify its shareholders that board director nominees from two of its major hedge fund shareholders were not approved unanimously by the nomination committee, people familiar with the matter said on Friday. The embattled conglomerate plans to include the note on the divided vote in its notice of the…
By Paresh Dave OAKLAND, Calif. (Reuters) -General Motors Co’s Cruise on Thursday became the first company to secure a permit to charge for self-driving car rides in San Francisco, after it overcame objections by city officials. Self-driving test cars with human safety drivers have become a constant sight in San Francisco, and completely driverless ones…
By David Lawder WASHINGTON (Reuters) -The Biden administration is considering “all options” as it reviews potential changes to U.S. duties on Chinese imports, including tariff relief and new trade investigations in a shift of focus to strategic concerns with Beijing, Deputy U.S. Trade Representative Sarah Bianchi said on Thursday. Bianchi told Reuters in an interview…
By Lisa Baertlein and Tom Polansek (Reuters) – California port leaders expect imports to rise as Shanghai, home to the world’s busiest seaport, emerges from a two-month COVID-19 lockdown. The question is whether that release of pent-up goods will again swamp West Coast ports that have recently emerged from the pandemic’s massive cargo wave, they…
By Noel Randewich and Anisha Sircar (Reuters) – Wall Street ended sharply higher on Thursday, led by Tesla, Nvidia and other megacap growth stocks in a choppy session ahead of a key jobs report due on Friday. Tesla, Nvidia and Meta Platforms each rose more than 4%, fueling gains in the S&P 500 and Nasdaq….
By Jonathan Stempel (Reuters) – Tenaris SA, a global manufacturer of steel pipes, said on Thursday it will pay $78.1 million to resolve U.S. probes into its alleged payment of bribes to win business from Brazil’s state-owned oil company Petrobras. The Luxembourg-based company will pay a $25 million civil fine plus $53.1 million in disgorgement…
(Reuters) – The U.S. Securities and Exchange Commission on Thursday said Tenaris SA, a maker and supplier of steel pipe products, will pay more than $78 million to resolve charges concerning a bribery scheme involving its Brazilian subsidiary. According to the SEC, the bribe scheme involved agents and employees of the Brazilian unit seeking to…
