By Safiyah Riddle (Reuters) – Friday kicks off a week or more of earnings reports from U.S. banks covering the April-through-June period, the first full quarter of operations for the nation’s lenders following the collapse of Silicon Valley Bank in mid-March. A top 20 bank at the time of its failure, many analysts, economists and…
WASHINGTON (Reuters) – A U.S. federal court rejected the Federal Trade Commission’s request that it order Microsoft to temporarily hold off on closing its $69 billion purchase of “Call of Duty” maker Activision Blizzard, according to a court filing. (Reporting by Kanishka Singh in Washington; Editing by Sandra Maler)
JAKARTA (Reuters) – United States’ Secretary of State Antony Blinken on Friday called for stability in the Indo-Pacific region and urged the world to work together to end threatening behaviour by North Korea after its latest missile launch. In broad remarks made after a bilateral meeting with his Indonesian counterpart Retno Marsudi in Jakarta, he…
By Lucy Craymer WELLINGTON (Reuters) – Members of a major trans-Pacific trade pact meeting in Auckland on Sunday are set to discuss applications by China and Taiwan to join the group, proposals that have deepened the rancour among the neighbours and divided the opinions of member-nations. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)…
By Byron Kaye SYDNEY (Reuters) – National Australia Bank (NAB), the No.3 lender, reached a deal that lets employees work from home, a union said on Friday, one of the world’s first to give private-sector staff legal protection for remote work. As part of a broader deal that guarantees pay rises for 80% of the…
SEOUL (Reuters) – Tesla began selling its Model Y rear-wheel drive car on Friday in South Korea at a price of 56.99 million won ($45,139), the automaker’ s website said, making the vehicles eligible for the maximum rate of government subsidies. The car, which boasts a driving range of 350 kilometres (217.48 miles) and has…
By Idrees Ali TOKYO (Reuters) – The United States and its allies need to speed up the delivery of weapons to Taiwan in the coming years to help the island defend itself, the top U.S. general said on Friday. The United States is Taiwan’s most important arms supplier. Beijing has repeatedly demanded the sale of…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Cooling U.S. inflation is accelerating a decline in the dollar, and risk assets around the world stand to benefit. The dollar is down nearly 13% against a basket of currencies from last year’s two-decade high and stands at its lowest level in 15 months. Its decline quickened…
By Maggie Fick LONDON (Reuters) – Soaring U.S. demand for Novo Nordisk’s weight-loss drug has reduced the pressure from investors on the company to deliver strong results in its trial to test whether the drug also has medical benefits, eight investors and analysts say. Novo is expected to publish in August the results of a…
A look at the day ahead in European and global markets from Sonali Desai Thursday’s Goldilocks blend of cooling U.S. inflation and a still toasty jobs market continues to cast a glow across markets, with stocks in Asia extending a rally while lower global yields spur a further unwinding of yen carry trades. MSCI’s broadest…
