LONDON (Reuters) -Britain’s antitrust regulator on Monday called for public responses on whether Microsoft’s $69 billion takeover of Activision Blizzard, maker of video game “Call of Duty”, should be cleared ahead of a final decision by Aug. 29. Microsoft says the deal, which the Competition and Markets Authority (CMA) blocked in April, should be revisited…
By Stella Qiu SYDNEY (Reuters) – Australia’s home prices rose for a fifth straight month in July, according to property consultant CoreLogic, although the monthly gain slowed as an increase in new listings offered more options to buyers, taking heat out of the market. CoreLogic figures on Tuesday showed prices nationally rose 0.7% in July…
By Gibran Naiyyar Peshimam KARACHI, Pakistan (Reuters) -Pakistan’s central bank kept its key rate unchanged at 22% on Monday after a scheduled meeting of its monetary policy committee, with inflation expected to decline gradually in coming months, the bank’s governor said. Governor Jameel Ahmad told a press conference that the inflation outlook for the next…
TOKYO (Reuters) – Japan’s Panasonic Holdings posted a 42% rise in first quarter operating profit on Monday, buoyed by a weaker yen and stronger sales in its automotive and energy segments, while it stuck to its full-year outlook. Panasonic, whose energy unit makes batteries for Tesla Inc, said operating profit came to 90.37 billion yen…
(Reuters) – Warner Bros Discovery said on Monday it would restructure its advertising sales division including the leadership team, as the entertainment major seeks to address a downturn in ad demand. Advertising agency partners will now work with dedicated sales leaders and teams providing them with direct access to a variety of brands under the…
WASHINGTON (Reuters) – White House economic adviser Jared Bernstein on Monday said the reported impending bankruptcy of cash-strapped U.S. trucking company Yellow Corp does not indicate an economy-wide problem. The company, through a string of mergers, appeared to take on more debt than it could handle, Jared Bernstein of the Council of Economic Advisers, said…
By Joe Cash BEIJING (Reuters) -Chinese authorities released additional policy guidelines on Monday but no concrete measures to boost the sputtering economy and domestic consumption, leaving investors wanting as dull activity data heightened pressure for officials to act. Manufacturing activity in the world’s second-largest economy fell for a fourth straight month in July while the…
By Alexander Marrow and Elena Fabrichnaya (Reuters) – Gradually quickening inflation will force the Bank of Russia to hike interest rates again this year, a Reuters poll showed on Monday, and the rouble will struggle to claw back losses sparked by June’s abortive armed mutiny in the next 12 months. The central bank increased its…
(Reuters) – Police in southern North Carolina were on Monday searching for the driver of an SUV who they say appeared to have intentionally struck six migrant workers outside of a Walmart Supercenter before fleeing the scene. The incident unfolded on Sunday at 1:15 p.m. local time in Lincolnton, North Carolina, a town of about…
By Arriana McLymore NEW YORK, NY (Reuters) – Amazon on Monday said it hit record delivery speeds in the United States in the second-quarter while continuing to cut costs, as investors look for signs of growth in its e-commerce business when it reports its Q2 financials on Thursday. Investors tuning into the company’s earnings call…
