By Echo Wang NEW YORK (Reuters) -ByteDance, the Chinese owner of short video app TikTok, will allow shares owned by U.S. employees to vest without waiting for the company to list in the stock market, thereby letting them cash out, according to people familiar with the matter. The move is aimed at appeasing restless employees…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The mood across Asia at the midpoint of the week is increasingly upbeat, as a growing consensus that the U.S. central bank is near the end of its policy tightening cycle continues to weigh on…
By Valerie Volcovici and Kanishka Singh WASHINGTON (Reuters) – U.S. climate envoy John Kerry on Monday will become the Biden administration’s third senior official to visit China in recent weeks after trips by Treasury Secretary Janet Yellen and Secretary of State Antony Blinken. A U.S. official said on Tuesday that Kerry would visit from Monday…
(Reuters) -Kim Kardashian is in talks with Coty to buy back a minority stake in her beauty firm from the fragrance and cosmetics company, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The value of the stake hadn’t been determined and talks could fall apart, the report said, adding that…
By Jonathan Stempel (Reuters) – A federal appeals court on Tuesday revived a lawsuit against Royal Caribbean Cruises by the parents of an 18-month-old girl who died after slipping through her grandfather’s hands and falling through an open cruise ship window. The 11th U.S. Circuit Court of Appeals in Atlanta restored two negligence claims over…
By Katherine Masters NEW YORK (Reuters) – A bipartisan group of U.S. lawmakers asked the Milwaukee Tool unit of Hong Kong-based Techtronic Industries to examine whether its products had links to forced labor, citing a recent media report that some were made by Chinese prisoners. In a letter sent Tuesday and signed by Republican Representative…
By David Shepardson WASHINGTON (Reuters) -U.S. auto safety investigators on Tuesday said they are opening an investigation into 346,000 Ford Escape sport utility vehicles because a weld in the door assembly may fail, potentially resulting in a door inadvertently opening while driving. The National Highway Traffic Safety Administration has received 118 questionnaires alleging a failure…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar declined to a two-month low against a major currency index on Tuesday after Federal Reserve officials signaled that the U.S. central bank is near the end of its tightening cycle, while sterling hit a 15-month high after pay growth exceeded expectations. Against the yen, the dollar…
By Lawrence Delevingne and Amanda Cooper (Reuters) -Global shares rose and the dollar pulled back on Tuesday, a day ahead of U.S. inflation data that could warrant a quicker end to Federal Reserve rate hikes, while the prospect of China propping up growth helped to lift oil and other commodities. Wall Street posted gains across…
By Granth Vanaik and Ananya Mariam Rajesh (Reuters) – Amazon.com hopes to tempt U.S. shoppers on Tuesday to open inflation-thinned wallets by offering deeper discounts on a wide range of goods and services during this year’s “Prime Day” 48-hour shopping event, including its first-ever travel discounts. A year of inflation has lifted mortgage rates, rents…
