(Reuters) – An oppressive heat wave settled over a wide swath of the U.S. South on Thursday, bringing record-breaking temperatures that topped 100 degrees Fahrenheit (38 Celsius) in many spots and creating dangerously hot conditions from Texas to Florida. At midday, more than 35 million people in southern Texas, Louisiana and Florida were under excessive…
(Reuters) -Following are some excerpts taken from Singapore’s 2022 budget proposals announced by Finance Minister Lawrence Wong to parliament on Friday. For a full story, see SUPPORT PACKAGES – “There are segments of the economy still struggling. I will therefore provide targeted help for our workers and businesses in these sectors through a S$500 million…
NEW YORK (Reuters) – The former chief risk officer of Archegos Capital Management has partially settled U.S. Securities and Exchange Commission claims he aided a fraud at Bill Hwang’s private investment firm that left Wall Street banks with $10 billion in losses, a Wednesday court filing shows. Scott Becker, who is cooperating with U.S. prosecutors…
By Chris Taylor NEW YORK (Reuters) – When Hayley Woodin was thinking of giving back to the community while taking her career to the next level, one option stood out: serving on a board of directors. Woodin, the editor-in-chief of Canada’s “Business In Vancouver” newspaper, jumped at the opportunity when one of the region’s largest…
By Abhijith Ganapavaram and Aishwarya Nair (Reuters) – Caterpillar Inc on Thursday warned that demand for excavators in China, one of its largest markets, could slip below pre-pandemic levels in 2022, as construction activity takes a hit in the country from strict pandemic lockdowns. Shares of the Deerfield, Illinois based-company fell 3% to $207 in…
By Jason Xue and Tom Westbrook SHANGHAI (Reuters) – A growing number of healthcare companies in China are shelving their initial public offering (IPO) plans as its stock exchanges have stepped up scrutiny of the pharmaceutical industry’s business practices amid an escalating anti-corruption drive. Healthcare stocks have already slumped in China since the government…
By Idrees Ali CAMP SMITH, Hawaii (Reuters) – The United States’ top general met his South Korean and Japanese counterparts for a rare trilateral meeting in Hawaii on Tuesday, as North Korea conducted its latest ballistic missile test launch. Washington has been pressing the uneasy neighbors to work more closely to better counter rising threats…
By Carolina Mandl, Svea Herbst-Bayliss and David Randall NEW YORK (Reuters) -The recent rally that has lifted U.S. stocks and bonds is more of a year-end rebound than a turning point, according to big money managers, who see fiscal and monetary policies, next year’s presidential election and recession fears as likely to start weighing on…
By Mrinmay Dey (Reuters) -Teck Resources Ltd has been approached by Vale SA, Anglo American Plc and Freeport-McMoRan Inc among others to explore deals for its base metals business if the Canadian copper miner goes ahead with a planned split, sources close to the matter told Reuters on Sunday. The approaches from more than six…
(Reuters) -Hilton Worldwide Holdings Inc raised its full-year adjusted profit forecast on Wednesday as the U.S. hotel operator bets on pent-up travel demand to offset any inflation-driven spending declines. The hotel industry has benefited from price hikes and a rebound in travel demand after COVID lockdowns, with consumers booking longer stays despite rising interest rates…
