By Jonathan Stempel and Nate Raymond BOSTON/NEW YORK (Reuters) -A U.S. appeals court on Wednesday threw out the fraud convictions of two wealthy fathers charged with involvement in a vast college admissions conspiracy to pay bribes so children could attend top universities. In a 3-0 decision, the 1st U.S. Circuit Court of Appeals in Boston…
By Xie Yu HONG KONG (Reuters) – China’s securities watchdog on Thursday said that it was willing to work with its counterparts in the United States to promote regulatory cooperation on audits and safeguard the rights and interests of global investors. The China Securities Regulatory Commission (CSRC) was commenting a day after a U.S. accounting…
By Nidal al-Mughrabi KHAN YOUNIS, Gaza Strip (Reuters) – As nearby explosions from Israeli air strikes continued to rock their Gaza home for the third night this week, Hani al-Hindi and his wife slept with their six children huddled together in the same room, where they felt it was safer. Next to the front door,…
By Deborah Mary Sophia (Reuters) -Tapestry Inc raised its annual profit forecast on Thursday, betting that price increases and strong demand for its Coach handbags would shield it from a wider slowdown in U.S. luxury purchases. Shares of the company shot up 9% in premarket trade as it also surpassed Wall Street targets for third-quarter…
(Reuters) – Turkish President Tayyip Erdogan faces his toughest political challenge yet when the nation votes on Sunday, with the opposition sensing its best chance yet of ending his two decades in power and reversing his policies. The presidential and parliamentary votes, set for May 14 with a possible May 28 run-off, will decide not…
MADRID (Reuters) -Spanish telecoms firm Telefonica disappointed the market on Thursday with a 58% drop in first-quarter net profit from the same period a year ago as the company was unable to raise prices in line with costs. The company said its net profit fell to 298 million euros ($328 million), while overall revenues rose…
By Ariba Shahid KARACHI, Pakistan (Reuters) -Point-of-sale transactions routed through Pakistan’s main digital payment systems fell by around 50% the day after former Prime Minister Imran Khan’s arrest ignited countrywide protests and prompted authorities to shut down mobile internet services, data showed on Thursday. The reason for the slump was primarily the mobile broadband suspension,…
By Leika Kihara and Andrea Shalal NIIGATA, Japan (Reuters) -A standoff in Washington over raising the U.S. debt ceiling overshadowed a meeting of Group of Seven (G7) finance leaders starting on Thursday, heightening U.S. recession fears as central banks seek a soft landing for the global economy. The central bank governor of host Japan said…
By Sam Nussey and Kiyoshi Takenaka TOKYO (Reuters) -Japan’s SoftBank Group Corp on Thursday posted a sharply narrower annual loss after a capital raise using its stake in Alibaba Group Holding Ltd helped cushion investment loss at its Vision Fund investing arm. SoftBank reported a net loss of 970 billion yen ($7.18 billion) for the…
BEIJING (Reuters) – Australia’s Trade Minister arrived in Beijing On Thursday to meet his Chinese counterpart, as Canberra pushes for the removal of all trade barriers and for diplomatic relations to stabilise. Trade Minister Don Farrell said he would meet Chinese Commerce Minister Wang Wentao in Beijing and “be advocating strongly for the full resumption…
