By Lucia Mutikani WASHINGTON (Reuters) -The U.S. trade deficit in goods narrowed in February after setting a record high in the prior month as exports rebounded, but any lift to economic growth this quarter could be offset by businesses slowing their pace of inventory accumulation. The deficit fell 0.9% to $106.6 billion, the Commerce Department…
By Bansari Mayur Kamdar and Amruta Khandekar (Reuters) -U.S. stock indexes were set to open flat on Monday as oil prices fell and investors awaited more updates on Ukraine-Russia peace talks in Istanbul, while Tesla shares rose after the company said it would seek investor approval for a stock split. The electric-car maker jumped 5.5%…
By Josh Horwitz SHANGHAI (Reuters) – U.S. pressure on Huawei Technologies has served to strengthen the resolve of the Chinese telecoms giant, finance chief Meng Wanzhou said on Monday after its first set of results since her return from nearly three years’ detention in Canada. The daughter of Huawei founder Ren Zhengfei played a central…
By Steven Scheer TEL AVIV (Reuters) – Israel’s Brain.Space, a four-year-old startup that studies data on brain activity, is set to put its gear to test on astronauts in space next week during a SpaceX shuttle flight to the International Space Station (ISS). Three astronauts on the planned private space-flight firm Axiom Space’s mission to…
By Katanga Johnson and John McCrank WASHINGTON/NEW YORK (Reuters) – Wall Street’s regulator is considering changes to stock market rules to increase competition for orders and improve deals for retail investors, according to its top official Gary Gensler and industry executives. The U.S. Securities and Exchange Commission (SEC) is scrutinizing the practice of payment-for-order-flow (PFOF),…
By Gram Slattery RIO DE JANEIRO (Reuters) – As Rio de Janeiro residents sheltered at home last year during the deadliest phase of Brazil’s COVID-19 outbreak, police detective Gabriel Ferrando said he got a tip that something suspicious was upending local internet service. Access had vanished across broad swaths of Morro da Formiga, or Ant…
By Sonali Paul MELBOURNE (Reuters) – Bill Gates-backed Heliogen has secured funding from top Australian oil and gas producer Woodside Petroleum for a full-scale trial of its concentrated-solar-power (CSP) technology ahead of a planned push into Australia. Aiming to invest $5 billion in new-energy products by 2030, Woodside has also agreed to buy a stake…
TOKYO (Reuters) – Japan’s prime minister will order the government on Tuesday to compile emergency measures by the end of April to deal with the impact of the rising prices of oil and other goods, fanned by the Ukraine crisis. Prime Minister Fumio Kishida, responding in parliament to a query from a lawmaker from coalition…
STOCKHOLM (Reuters) – Cevian Capital, one of Ericsson’s biggest investors, said on Monday it would vote against a motion this week that would clear some board members of responsibility over the possible payment of bribes to militant organisations in Iraq. Norway’s sovereign wealth fund, another major shareholder, also said it would vote against the motion…
By Dhara Ranasinghe LONDON (Reuters) – Oil prices slid on Monday as a coronavirus lockdown in Shanghai fueled worries about weak demand, while the yen’s stomach-churning descent continued as the Bank of Japan stood in the way of higher yields. World stocks were largely flat, holding their ground in the face of another brutal selloff…
