By Laura Sanicola (Reuters) – Oil prices fell slightly in early Asian trade on Friday as optimism that a U.S. debt default will be avoided weighed against sticky inflation data that could portend more interest rate hikes from global central banks. Brent futures were down 2 cents at $75.84 a barrel as at 0015 GMT….
By Ankur Banerjee SINGAPORE (Reuters) – Asian shares nudged lower on Friday, weighed down by China and Hong Kong stocks due to concerns over the stuttering recovery in the world’s second-biggest economy, although Japan’s Nikkei clocked a near 33-year peak. MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.20% but was set to eke…
By Anirban Sen NEW YORK (Reuters) -Lazard Ltd CEO Ken Jacobs is expected to step down from his role and hand the reins to Peter Orszag, who currently runs the investment bank’s financial advisory unit, a person familiar with the matter said on Thursday. Jacobs’ decision to step down comes after Lazard reported a loss…
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) -Walt Disney Co is scrapping plans to build a nearly $1 billion corporate campus in central Florida that would have housed 2,000 employees, according to an e-mail to employees on Thursday, against the backdrop of its ongoing legal battle with Florida Governor Ron DeSantis. Disney parks…
TOKYO (Reuters) – Japan’s core consumer prices rose 3.4% in April from a year earlier, government data showed on Friday. The increase in the core consumer price index (CPI), which excludes volatile fresh food but includes energy costs, matched a median market forecast and followed a 3.1% rise in March. (Reporting by Takahiko Wada and…
(Reuters) – Canada’s competition regulator said on Thursday it was suing Cineplex Inc for allegedly advertising movie tickets at a lower price than what many consumers actually have to pay. “We’re taking action against Cineplex because misleading tactics like drip pricing only serve to deceive and harm consumers,” said Commissioner of Competition Matthew Boswell. Cineplex…
WASHINGTON (Reuters) – A group of five TikTok users, who also create content posted on the short-video app, filed suit in U.S. District Court in Montana on Thursday seeking to block the state’s new ban on the Chinese-owned platform. Montana Governor Greg Gianforte on Wednesday signed legislation to ban TikTok in the state, effective Jan….
OTTAWA (Reuters) – Canada’s competition regulator said on Thursday it was suing Cineplex Inc for allegedly advertising movie tickets at a lower price than what many consumers actually have to pay. Competition Bureau Canada is alleging Cineplex is breaking the law by adding an additional fee that raises the price of its tickets purchased online,…
By Medha Singh (Reuters) – The New York Stock Exchange and the Nasdaq said on Thursday they would cancel erroneous trades in the shares of IT solutions provider CDW Corp, which briefly plunged as much as 96% to $7 in premarket trading. They would bust all trades in the stock between 04:00 a.m. ET and…
By Stephen Culp NEW YORK (Reuters) – U.S. stocks were mixed and the dollar reached a seven-week peak on Thursday as discount retail giant Walmart Inc raised its sales outlook and strong economic data calmed recession fears while dampening hopes the Federal Reserve would cut interest rates before year-end. Investors were closely monitoring the debt…
