By Xie Yu HONG KONG (Reuters) – U.S. and Chinese regulatory officials are in talks to settle a long-running dispute over the auditing compliance of U.S.-listed Chinese firms, three people briefed on the matter told Reuters. The standoff, if not resolved, could see Chinese firms kicked off New York bourses. The U.S. Public Company Accounting…
(Reuters) -Elon Musk said on Friday he planned to “significantly” increase childcare benefits at his companies, including Tesla Inc, and that the details would be likely announced next month. “Kids are worth it if at all possible. I’m planning to increase childcare benefits at my companies significantly,” Musk said in a tweet. (https://bit.ly/3AFavSj) The billionaire…
By Tom Westbrook and Harry Robertson SYDNEY/LONDON (Reuters) – The dollar rose on Wednesday, a day after suffering its biggest one-day drop in more than two years, as the excitement of the previous day’s rally in stocks and risk friendlier currencies wore off. The dollar index was last up 0.54% to 110.77, after tumbling 1.3%…
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador on Friday said the government could acquire up to half of the Mexican unit of Citigroup after the U.S. bank announced plans this week to pursue an initial public offering of the business. Citi said Wednesday it was abandoning earlier plans for a sale of…
By Howard Schneider WASHINGTON (Reuters) – Throughout the Federal Reserve’s drive to kill inflation, policymakers have focused on raising the benchmark overnight interest rate high enough to do the job and getting it there fast enough to keep the public from losing faith. But in the quest for a “soft landing,” where inflation falls without…
WARSAW (Reuters) – Poland’s security committee decided in a meeting on Wednesday to move military units to the country’s east due to the Wagner Group’s presence in Belarus, state-run news agency PAP quoted its secretary as saying on Friday. Wagner chief Yevgeny Prigozhin was shown in a video on Wednesday welcoming his fighters to Belarus,…
By David Shepardson WASHINGTON (Reuters) – President Joe Biden said on Monday his administration had cracked down on U.S. airlines to improve treatment of passengers, a claim rejected by the carriers. Biden said prior to changes made in customer service plans by major airlines “if your flight was canceled or delayed, no top airline guaranteed…
(Reuters) -French software provider Dassault Systemes on Friday forecast a doubling of its earnings per share (EPS) by 2028, and announced a new CEO. Dassault said it plans to reach non-IFRS EPS between 2.20 euros and 2.40 euros by 2028, roughly double the 1.13 euros it posted for the full year of 2022. The group…
By Andrew Mills and Parisa Hafezi DUBAI (Reuters) – Twitter buyer Elon Musk calls himself a free speech absolutist, but that could be put to the test in the Middle East where critics say authoritarian governments use the platform to track opponents and spread disinformation. In a region where the local media is often…
TOKYO (Reuters) -Japan raised support for the production of storage batteries to up to $2.2 billion, the government said, pledging nearly $1 billion in new subsidies for Toyota and other manufacturers as part of a push towards greater economic supply chain security. The move shows Tokyo is confident about ramping up battery production support after…
