By Byron Kaye SYDNEY (Reuters) – Australia’s antitrust regulator blocked an asset transfer deal between Telstra and TPG, the country’s No.1 and No.2 wireless internet firms, citing competition concerns, setting the scene for a legal battle over access to four million customers. In a deal announced in May, Telstra Group was to buy spectrum –…
By Joey Roulette WASHINGTON (Reuters) -Amazon.com Inc plans to launch its first pair of prototype internet satellites late next month on a different rocket than previously planned, a spokesman said on Monday, again switching rides for the spacecraft to avoid mounting rocket delays. The company will launch the first two satellites for Amazon’s Kuiper program,…
By Luc Cohen NEW YORK (Reuters) – U.S. charges last week against two people for allegedly running a Chinese “secret police station” in New York marked the latest case in a broad ramp-up in the use of a century-old law meant to curb the activity of foreign agents. The law, Section 951, was passed as…
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…
(Reuters) – A U.S. regulator on Thursday said it has fined a unit of Credit Suisse Group AG $9 million for violating laws and rules designed to protect investors, including a requirement to disclose potential conflicts of interest when issuing research reports. Credit Suisse did not admit or deny wrongdoing in agreeing to settle with…
(Reuters) -Hong Kong’s Cathay Pacific Airways on Thursday said it intends to purchase up to 32 Airbus A321neo and A320neo aircraft to invest and upgrade its fleet, bringing the carrier’s new aircraft deliveries to up to more than 70. “These aircraft feature the latest technological enhancements to provide a quieter, more comfortable, and more fuel-efficient…
LONDON (Reuters) – Inflation is easing but major central banks remain hawkish, with a long-awaited pause from the U.S. Federal Reserve this week coming with a warning by the world’s most influential interest rate setter that the tightening cycle may not be over yet. Meanwhile, the European Central Bank on Thursday hiked rates by 25…
By David Shepardson WASHINGTON (Reuters) – Microsoft and the AFL-CIO union federation said Monday they had struck a deal whereby the U.S. software giant will remain neutral in efforts by unions to encourage workers to become members. The two sides will also work together on the future of artificial intelligence, in a first-of-its-kind partnership on…
By Chavi Mehta (Reuters) -Palantir Technologies Inc posted its slowest quarterly growth in revenue since going public in 2020 due to weak demand for its data analytics software in Europe, while a strong dollar weighed on its profit, sending its share down 8.5% on Monday. The company, known for its work with the U.S. Central…
By Lewis Krauskopf (Reuters) – A look at the day ahead in Asian markets from Lewis Krauskopf. Monday could kick off a rocky week in financial markets. A banking blow-up in the U.S. is sparking fears of global contagion risks, and those fears could emerge in Asian trading as the week begins. Regulators were scrambling…
