By Herbert Lash NEW YORK (Reuters) -Global share markets edged lower on Friday as most U.S. megacap stocks slipped, while the dollar soared against the yen after Reuters reported the Bank of Japan is leaning toward keeping its dovish monetary policy next week. Gold prices fell as the dollar rebounded to its highest in more…
(Reuters) – Google will clearly label medical facilities in the United States that provide abortions in its search results and in Google Maps to avoid confusing them with anti-abortion centers, its top executive informed lawmakers on Thursday. When users search for “abortion clinics near me”, the results box will display facilities verified to provide abortions,…
TORONTO (Reuters) – Canada’s annual inflation rate slowed to 3.4% in May on lower prices for gasoline as a result of the base-year effect, while mortgage interest costs remain high, Statistics Canada said on Tuesday. This was in line with what analysts polled by Reuters had expected, down from 4.4% in April. STORIES: Market reaction:…
(Reuters) -Uber Technologies Chief Financial Officer Nelson Chai is planning to leave the ride-hailing company, Bloomberg News reported on Monday, citing people familiar with the matter. Chai informed Uber CEO Dara Khosrowshahi of his intentions to move on, though a decision on the timing of his departure hasn’t been made, according to the report. Uber…
By Lucia Mutikani WASHINGTON (Reuters) – Sales of new U.S. single-family homes unexpectedly fell in February amid rising mortgage rates and higher house prices, which are reducing affordability for some first-time buyers. New home sales decreased 2% to a seasonally adjusted annual rate of 772,000 units last month, declining for a second straight month, the…
By Vidya Ranganathan and Stefania Spezzati SINGAPORE/LONDON (Reuters) – Credit Suisse, driven into a rescue by UBS after heavy cash outflows, is seeking to claw back business by offering rich clients some of the highest deposit rates in the industry, according to a person familiar with the bank’s activities in Asia. On three-month deposits above…
LISBON, Portugal (AP) — European authorities are considering a liquefied natural gas pipeline from Spain to Italy as a way of getting around France’s opposition to a gas link-up across the Pyrenees between the Iberian peninsula and central Europe, Portugal’s prime minister said Friday. Portugal and Spain could send a lot of the liquefied natural…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The Asian open on Thursday may hinge on which of the conflicting narratives thrown up by late U.S. trading on Wednesday investors choose to run with: the Fed’s ‘dovish hike’, or Treasury Secretary Janet Yellen’s remarks on the…
By Brenna Hughes Neghaiwi ZURICH (Reuters) -Credit Suisse on Thursday capped a scandal-ridden year with a $2.2 billion quarterly loss and said 2022 earnings would be weighed down by restructuring and compensation costs. Though Switzerland’s second-biggest bank had flagged a large fourth-quarter loss, it was still steeper than expected. Analysts pointed to slides in revenue…
By Chris Prentice NEW YORK (Reuters) – The U.S. Securities and Exchange Commission has given Elon Musk until Monday to respond to an offer to resolve a probe into the billionaire’s $44-billion takeover of Twitter in 2022, a source familiar with the matter told Reuters. The development, which signals the investigation may be nearing a…
