AMSTERDAM (Reuters) – ASML Holding NV, a key supplier to computer chip makers, on Wednesday reported better-than-expected fourth-quarter earnings of 1.77 billion euros ($2.01 billion) and said it sees sales growth of 20% in 2022. Analysts had expected net profit of 1.51 billion euros ($1.72 billion), up from 1.35 billion euros a year earlier, according…
By Alun John HONG KONG (Reuters) – An affiliate of the company behind collapsed stablecoin TerraUSD said on Monday it had spent the bulk of its reserves trying to defend its dollar peg last week, and would use the remainder to try to compensate some users who had lost out. The token’s crash last week…
By Howard Schneider WASHINGTON (Reuters) – Rising Treasury bond yields and home mortgage rates may reduce support at the U.S. Federal Reserve for additional interest rate increases, the prospect of which have already been ebbing on the basis of weaker inflation. The Fed raised interest rates at its July meeting by a quarter of a…
BEIJING (AP) — Access to an industrial zone in the central Chinese city of Zhengzhou was suspended Wednesday after the city reported 64 coronavirus cases and workers who assemble Apple Inc. iPhones left their factory in the zone following outbreaks. The announcement did not say whether the isolation of the Zhengzhou Airport Economic Zone was…
OTTAWA, Jan 28 (Reuters) – Canada recorded a much smaller budget deficit in the first eight months of fiscal 2021/22 compared to the same period a year ago, as the costs of the COVID-19 crisis continued to recede, the finance ministry said on Friday. The April to November shortfall was C$73.70 billion ($57.75 billion) compared…
(Reuters) – A federal court on Thursday rejected former Justice Department attorney Jeffrey Clark’s request to intervene in a legal disciplinary case pending against him over his efforts to help former President Donald Trump overturn his 2020 election loss. Clark had tried to stop an entity of the District of Columbia bar association from pursuing…
By Zeba Siddiqui SAN FRANCISCO (Reuters) – Ukraine is working with the U.S. Federal Bureau of Investigation and American companies to collect evidence of war crimes by Russians, such as geolocation and cellphone information, senior officials said on Tuesday. Ukrainian authorities are collecting digital information from battlefields and Ukrainian towns ravaged by the war since…
HONG KONG (AP) — Chinese e-commerce firm Alibaba said Monday that it wants to keep its shares listed in both New York and Hong Kong, days after U.S. regulators included it in a list of companies that may be delisted for not complying with auditing requirements. The U.S. Securities and Exchange Commission has said foreign…
By Valentina Za, Sinead Cruise and Iain Withers MILAN/LONDON (Reuters) -Italy’s UniCredit and France’s BNP Paribas were the latest banks to set out their Russian exposures, warning of billions of euros in potential costs from the financial fallout from Moscow’s invasion of Ukraine amid a wider sector rebound on Wednesday. Banks, insurers and asset managers…
By Ann Saphir (Reuters) – Responsibility for the Federal Reserve’s oversight of large financial institutions like the failed Silicon Valley Bank rests with staff in Washington and not with any regional Fed bank chief, a former chair of the San Francisco Fed bank said on Friday. “The regulatory regime at the Reserve Bank is that…
