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Alibaba shelves guidance due to COVID risks; resilient Q4 lifts stock By Reuters
© Reuters. FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing, China January 5, 2021. REUTERS/Thomas Peter By Brenda Goh and Nivedita Balu (Reuters) -Alibaba Group on Thursday said it would not provide a forecast for the current fiscal year because COVID-19 risks clouded its outlook, after reporting its slowest quarterly revenue growth since going public in 2014.
Oil just off 2-month high amid global supply concerns By Reuters
© Reuters. FILE PHOTO: Technicians stand next to an oil rig at an Oil and Natural Gas Corp (ONGC) plant, during a media tour of the plant in Dhamasna village in the western state of Gujarat, India, August 26, 2021. REUTERS/Amit Dave By Stephanie Kelly (Reuters) – Oil prices eased slightly in early Asian trade on Friday, after surging to a two-month high in the previous session as investors focused on signs of tight global supply.
Canada reports 10 new cases of monkeypox, including the first in Ontario By Reuters
© Reuters. FILE PHOTO: Test tubes labelled “Monkeypox virus positive and negative” are seen in this illustration taken May 23, 2022. REUTERS/Dado Ruvic/Illustration (Reuters) – The Public Health Agency of Canada has confirmed 10 new cases of monkeypox, including the first case in the province of Ontario, bringing the country’s total to 26 cases, the agency said on Thursday. The province of Quebec has reported 25 cases, an increase of nine cases from Wednesday, the agency said.
Costco margins hit by rising freight and labor costs, shares slip By Reuters
© Reuters. FILE PHOTO: A Costco Wholesale retail club is photographed in Austin, Texas, U.S. on December 12, 2016. Picture taken December 12, 2016. REUTERS/Mohammad Khursheed By Ananya Mariam Rajesh (Reuters) – Costco Wholesale Corp (NASDAQ:) reported a fall in gross margins on Thursday, hit by soaring freight and labor costs across the United States, sending shares of the membership-only retailer down 2% and overshadowing an otherwise upbeat quarterly report.
The next U.S. abortion battle is over pills, and it’s already begun By Reuters
4/4 © Reuters. FILE PHOTO: A pack of Mifeprex pills, used to terminate early pregnancies, is displayed in this picture illustration taken May 11, 2022. REUTERS/Caitlin Ochs/Illustration/File Photo 2/4 By Lawrence Hurley WASHINGTON (Reuters) – The U.S. Supreme Court has not yet released its decision that looks set to dramatically scale back abortion rights, but one of the next legal battles has already begun in a Mississippi court.
With U.S. trade deal stalled, UK pairs up with Indiana By Reuters
By Alistair Smout and Andrea Shalal LONDON/WASHINGTON (Reuters) – Britain will sign its first state-level trade agreement with the U.S. corn belt state of Indiana on Friday, with more to come as London eyes ways to expand commercial ties despite Washington’s decision to halt talks on a national-level free trade deal.
Chevron, union sign tentative pact to end California refinery strike By Reuters
© Reuters. FILE PHOTO: The logo of Dow Jones Industrial Average stock market index listed company Chevron (CVX) is seen in Los Angeles, California, United States, April 12, 2016. REUTERS/Lucy Nicholson By Erwin Seba HOUSTON (Reuters) – The United Steelworkers union (USW) on Thursday afternoon signed a tentative agreement to end a nine-week-old strike at Chevron Corp (NYSE:)’s Richmond, California, refinery, the company and union said.
U.S. FDA expands collaboration with Danone to boost baby formula supply By Reuters
2/2 © Reuters. FILE PHOTO: French food group Danone logo is seen at the company headquarters in Rueil-Malmaison near Paris, France, February 18, 2021. REUTERS/Gonzalo Fuentes/File Photo/File Photo 2/2 (Reuters) – The U.S. Food and Drug Administration said on Thursday it has expanded its collaboration with Danone’s Nutricia business to boost supplies of specialized medical baby formula bottles to address its shortage among infants with certain allergies or critical health conditions.
China, Russia veto U.S. push for more U.N. sanctions on North Korea By Reuters
© Reuters. FILE PHOTO: A man walks past a TV broadcasting a news report on North Korea’s launch of three missiles including one thought to be an intercontinental ballistic missile (ICBM), in Seoul, South Korea, May 25, 2022.
Dow Futures Ease As Retail Earnings Continue By Investing.com
By Oliver Gray Investing.com – U.S. stock futures were trading lower during Thursday’s evening deals, after major benchmark averages finished regular trade higher amid positive earnings results from major retailers. By 6:45pm ET (10:45pm GMT) and were down 0.1% while traded flat. In extended deals, Ulta Beauty Inc (NASDAQ:) lifted 6.8% after the company Q1 EPS of $6.28, beating analyst estimates of $4.44, while revenue came in at $2.35 billion versus $2.12 billion expected.
Bolsonaro says Biden snubbed him at G20, but agrees to attend U.S. summit By Reuters
© Reuters. Brazil’s President Jair Bolsonaro speaks during a ceremony to announce new measures for Brasil Empreendedor (Entrepreneurial Brazil) credit program at the Planalto Palace in Brasilia, Brazil May 25, 2022.
EY plans global audit spinoff - Financial Times By Reuters
© Reuters. The logo of Ernst & Young is seen in Zurich, Switzerland November 13, 2020. REUTERS/Arnd Wiegmann/Files (Reuters) – Accounting firm Ernst & Young is planning to split its audit and advisory operations worldwide, the Financial Times reported on Thursday, citing three people with knowledge of the plans. EY did not immediately respond to a Reuters request for comment.
U.S. Supreme Court rebuffs Republican-led states on greenhouse gas policy By Reuters
© Reuters. FILE PHOTO: A view of the U.S. Supreme Court building in Washington, U.S., March 4, 2022. REUTERS/Leah Millis/File Photo WASHINGTON (Reuters) – The U.S. Supreme Court on Thursday let President Joe Biden’s administration raise the cost estimate for the societal impact of greenhouse gases that federal agencies would be able to consider when drafting new regulations, rejecting a bid by Republican-led states to block the move.
Trump must testify in New York probe, appeals court rules By Reuters
© Reuters. FILE PHOTO: Former U.S. President Donald Trump speaks during a rally to boost Pennsylvania Republican U.S. Senate candidate Dr. Mehmet Oz, ahead of the May 17 primary election at the Westmoreland Fairgrounds in Greensburg, Pennsylvania, U.S. May 6, 2022. By Jan Wolfe (Reuters) – Former U.S. President Donald Trump must testify under oath in the New York Attorney General’s civil investigation into his business practices, an intermediate state appeals court ruled on Thursday.
Sony to ramp up PS5 production and broaden games portfolio By Reuters
2/2 © Reuters. FILE PHOTO: PS5 by PlayStation is displayed in a GameStop in Manhattan, New York, U.S., December 7, 2021. REUTERS/Andrew Kelly 2/2 By Sam Nussey TOKYO (Reuters) -Sony Group Corp said it plans to ramp up production of its PlayStation 5 console as supply chain snarls ease and signalled a radical broadening of its games portfolio including more titles on PC and mobile.
U.S. Stocks Open Higher, on Track for a Weekly Gain By Investing.com
By Liz Moyer Investing.com — U.S. stocks opened higher on Thursday as investors tried to sustain a rally on while they digested the latest information from the Federal Reserve. At 9:36 AM ET the rose 251 points or 0.8%, while the rose 0.6% and the ticked up 0.1%.
Global firms warn of sluggish China demand due to lengthy COVID curbs By Reuters
3/3 © Reuters. FILE PHOTO: Workers in protective suits are seen at a closed residential area during lockdown, amid the coronavirus disease (COVID-19) outbreak, in Shanghai, China, May 25, 2022.
Analysis-Britain’s shrunken workforce hampers COVID recovery By Reuters
© Reuters. FILE PHOTO: A sign is seen outside a branch of Jobcentre Plus, a government run employment support and benefits agency in London, Britain, August 6, 2020. REUTERS/Toby Melville/File Photo By David Milliken LONDON (Reuters) – Britain’s economy regained its pre-COVID size late last year, but in one crucial way it has not recovered: there are 400,000 fewer workers than at the start of the pandemic.
Baidu Earnings, Revenue Beat in Q1 By Investing.com
© Reuters. Baidu Earnings, Revenue Beat in Q1 Investing.com – Baidu (NASDAQ:) reported on Thursday first quarter that beat analysts’ forecasts and revenue that topped expectations. Baidu announced earnings per share of 11.22 on revenue of 28.41B. Analysts polled by Investing.com anticipated EPS of 5.04 on revenue of 27.9B. Baidu shares are down 19% from the beginning of the year, still down 42.92% from its 52 week high of 209.04 set on June 28, 2021.
Analysis-Russia prepares to seize western firms looking to leave By Reuters
© Reuters. FILE PHOTO: A stop road sign is seen next to skyscrapers at Moscow International business centre, also known as “Moskva-City”, in Moscow, Russia April 14, 2022. REUTERS/Maxim Shemetov By John O’Donnell (Reuters) – Russia is advancing a new law allowing it to take control of the local businesses of western companies that decide to leave in the wake of Moscow’s invasion of Ukraine, raising the stakes for multinationals trying to exit.
Apple to increase pay for U.S. workers By Reuters
© Reuters. A woman walks past an Apple logo in front of an Apple store in Saint-Herblain near Nantes, France, September 16, 2021. REUTERS/Stephane Mahe/Files (Reuters) -Apple Inc has raised the pay for its hourly U.S. employees, the iPhone maker said on Wednesday, as companies face a tight labor market, a surge in unionization efforts and rising inflation.
Gold dips on rising yields after Fed minutes signal patience By Reuters
© Reuters. FILE PHOTO: A saleswoman shows gold bangles to a customer at a jewellery showroom on the occasion of Akshaya Tritiya, a major gold buying festival, in Kolkata, India, May 3, 2022. REUTERS/Rupak De Chowdhuri By Bharat Gautam (Reuters) -Gold prices edged lower on Thursday as Treasury yields gained, after the appeal of bullion was somewhat restored by minutes of a U.S. Federal Reserve policy meeting that showed the central bank was unlikely to get more aggressive on interest rate hikes.
Asian shares stumble on growth worries as central banks tighten By Reuters
© Reuters. A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying graphs (top) of Nikkei index outside a brokerage in Tokyo, Japan, March 10, 2022.
Ukraine says Russia shells more than 40 towns in Donbas push By Reuters
5/5 © Reuters. A police officer walks next to a school building damaged by a Russian military strike, as Russia’s attack on Ukraine continues, in the settlement of Kostiantynivka, in Donetsk region, Ukraine May 22, 2022. Picture taken May 22, 2022.
China, Australia foreign ministers arrive in Pacific to vie for influence By Reuters
© Reuters. FILE PHOTO: Chinese Foreign Minister Wang Yi poses for a picture prior to meeting U.S. Secretary of State Antony Blinken on the sidelines of the G20 summit in Rome, Italy October 31, 2021. Tiziana Fabi/Pool via REUTERS SYDNEY (Reuters) – Australia’s Prime Minister Anthony Albanese said Canberra needs to “step up, not step back” in supporting the Pacific islands as China’s foreign minister arrived in the region seeking a sweeping regional deal on security and trade.
Japan’s corporate service prices rise at fastest pace in over 2 years By Reuters
© Reuters. FILE PHOTO: People run with Tokyo’s business district in the background, in Tokyo, Japan, April 7, 2021. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – An index measuring prices Japanese firms charge each other for services rose in April at the fastest annual pace in more than two years, data showed on Thursday, a sign that inflationary pressure is building broadly across the economy.
Oklahoma governor signs strictest abortion ban in the U.S. into law By Reuters
© Reuters. FILE PHOTO: Medical instruments are sterilized following a surgical abortion in Oklahoma City, U.S., December 6, 2021. REUTERS/Evelyn Hockstein (Reuters) – Oklahoma Governor Kevin Stitt on Wednesday signed into law the strictest abortion ban in the United States, one that prohibits abortions from fertilization and allows private citizens to sue those who help women terminate their pregnancies.
New Zealand leader urges U.S. to return to regional trade pact By Reuters
© Reuters. FILE PHOTO: New Zealand’s Prime Minister Jacinda Ardern speaks at the unveiling ceremony of a Kuwaha sculpture at Gardens by the Bay’s Cloud Forest in Singapore April 19, 2022. REUTERS/Caroline Chia By David Brunnstrom WASHINGTON (Reuters) – New Zealand Prime Minister Jacinda Ardern said on Wednesday the United States should return to a regional trade pact it quit in 2017 if it wanted to engage economically with the Indo-Pacific region.
Johnny Depp, back on stand, calls Heard abuse claims ‘cruel and false’ By Reuters
5/5 © Reuters. Model Kate Moss, a former girlfriend of actor Johnny Depp, testifies via video link during Depp’s defamation trial against his ex-wife Amber Heard, at the Fairfax County Circuit Courthouse in Fairfax, Virginia, U.S., May 25, 2022.
Musk pledges more equity to fund Twitter deal, scraps margin loan By Reuters
© Reuters. Elon Musk arrives at the In America: An Anthology of Fashion themed Met Gala at the Metropolitan Museum of Art in New York City, New York, U.S., May 2, 2022. REUTERS/Andrew Kelly/Files (Reuters) -Elon Musk on Wednesday pledged an additional $6.25 billion in equity financing to fund the $44-billion offer for Twitter Inc (NYSE:), reducing the billionaire’s margin loan against his Tesla (NASDAQ:) Inc shares to zero.
Wall Street rallies as Fed minutes meet expectations By Reuters
© Reuters. FILE PHOTO: A person walks by the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., May 19, 2022. REUTERS/Andrew Kelly By Stephen Culp NEW YORK (Reuters) – Wall Street closed higher Wednesday, boosted after minutes from the Federal Reserve’s latest monetary policy meeting showed policymakers unanimously felt the U.S. economy was very strong as they grappled with reining in inflation without triggering a recession.
Global shares rise after Fed meeting notes hint at future rate hikes By Reuters
2/2 © Reuters. A man wearing a protective mask, amid the COVID-19 outbreak, walks past an electronic board displaying Japan’s Nikkei index outside a brokerage in Tokyo, Japan, September 21, 2021.
Twitter investors vote against re-electing Elon Musk ally to board By Reuters
© Reuters. FILE PHOTO: Elon Musk’s Twitter profile is seen on a smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration By Sheila Dang (Reuters) -Twitter Inc investors blocked the re-election of an ally of Elon Musk to the board at an annual meeting on Wednesday that avoided the biggest question for the social media company: will it complete a $44 billion sale to the billionaire.
IMF’s Georgieva: ‘Trend of fragmentation is strong’ By Reuters
© Reuters. FILE PHOTO: International Monetary Fund (IMF) Managing Director Kristalina Georgieva attends the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 3, 2021.
Pennsylvania’s U.S. Republican Senate midterm primary heads to recount By Reuters
2/2 © Reuters. FILE PHOTO: Pennsylvania Republican U.S. Senate candidate Dr. Mehmet Oz speaks at his primary election night watch party in Newtown, Pennsylvania, U.S. May 17, 2022.
U.S. automated electric truck startup Solo AVT picks battery supplier ABS By Reuters
© Reuters. An artist’s rendering shows a Solo AVT’s SD1 battery-electric, long-haul truck, in this undated handout image. Courtesy of Solo AVT/Handout via REUTERS By Paul Lienert (Reuters) – Silicon Valley startup Solo Advanced Vehicle Technologies has partnered with Michigan-based American Battery Solutions (ABS) to develop battery packs for its new driverless electric heavy-duty truck, Solo AVT’s chief executive told Reuters.
Terrorist Yasin Malik’s “Gandhian Principle” Claim Shredded By Judge
New Delhi: A Delhi court on Wednesday rejected Kashmiri separatist leader Yasin Malik’s contention that he was following Gandhian principle of non-violence, saying despite the large scale of violence engulfing the valley, he neither condemned the violence nor withdrew his calendar of protest.
Dollar rises off of 1-month low ahead of Fed minutes By Reuters
2/2 © Reuters. FILE PHOTO: A New Zealand Dollar note is seen in this picture illustration June 2, 2017. REUTERS/Thomas White/Illustration/File Photo/File Photo 2/2 By John McCrank NEW YORK (Reuters) – The U.S. dollar snapped a two-day losing streak on Wednesday ahead of the release of the minutes from the U.S. Federal Reserve’s May meeting, which investors will parse for clues about further interest rate hikes. The minutes are due at 2 p.m. EDT (1800 GMT).
Amazon opens first physical fashion retail store By Reuters
© Reuters. FILE PHOTO: The logo of Amazon is seen at the company’s logistics center in Bretigny-sur-Orge, near Paris, France, December 7, 2021. REUTERS/Gonzalo Fuentes (Reuters) – Amazon.com Inc (NASDAQ:) said on Wednesday it had opened its first brick-and-mortar clothing retail store, as people start to venture out to shop following easing COVID-19 curbs.
Hedge fund Elliott chases oil and gas deals, bucking Wall Street By Reuters
© Reuters. FILE PHOTO: A well site is seen in the Eagle Ford Shale oil field in Texas, U.S., May 18, 2020. REUTERS/Jennifer Hiller By David French (Reuters) – Energy bankers who lost one client after another when poor returns pushed many investment firms out of the U.S. oil patch got a welcome email earlier this year.
G7 ministers may pledge to phase out coal, decarbonise power -draft By Reuters
© Reuters. FILE PHOTO: Heavy equipment excavate anthracite coal from a strip mine in New Castle, Pennsylvania, U.S., July 13, 2020. Picture taken July 13, 2020. REUTERS/Dane Rhys By Kate Abnett BRUSSELS (Reuters) – Climate ministers from the Group of Seven economic powers will this week consider committing to phase out polluting coal-fuelled energy by 2030 and decarbonise their power sectors by 2035, according to a draft meeting communique seen by Reuters.
Pope ‘heartbroken’ by Texas school shooting, calls for gun control By Reuters
© Reuters. Pope Francis arrives for the weekly general audience at the Vatican, May 25, 2022. REUTERS/Yara Nardi VATICAN CITY (Reuters) -Pope Francis on Wednesday said he was “heartbroken” by the shooting at a school in Texas that killed at least 19 children and two teachers, calling for greater controls on weapons. The crowed in St. Peter’s Square for his weekly general audience applauded his appeal, made a day after worst school shooting in the United States in nearly a decade.
Ukraine’s embattled farmers running on empty as world faces food crisis By Reuters
4/4 © Reuters. FILE PHOTO: Ears of wheat are seen in a field near the village of Hrebeni in Kyiv region, Ukraine July 17, 2020. REUTERS/Valentyn Ogirenko 2/4 By Gus Trompiz and Bozorgmehr Sharafedin PARIS/LONDON (Reuters) – After making it through the spring planting season, sometimes with the help of bulletproof vests and helmets, Ukraine’s farmers are facing another challenge – finding enough diesel for the harvest to come.
KKR expands in Asia, armed with $1.1 billion credit fund By Reuters
© Reuters. Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid/File Photo By Anshuman Daga SINGAPORE (Reuters) -KKR has raised $1.1 billion in its inaugural Asia credit fund that provides debt financing to companies, marking what the U.S. private equity firm said was one of the largest such first-time fundraisings in Asia Pacific.
Midterms: Takeaways from Tuesday’s U.S. primary elections By Reuters
3/3 © Reuters. Governor Brian Kemp applauds after winning the Republican primary during his primary election watch party in Atlanta, Georgia, U.S. May 24, 2022. REUTERS/Dustin Chambers 2/3 By James Oliphant WASHINGTON (Reuters) – The match-ups for a high-profile governor and U.S. Senate race in November’s midterm elections took shape in Georgia on Tuesday.
JIC is considering acquisition of Toshiba - Bloomberg By Reuters
© Reuters. FILE PHOTO: Toshiba logos are pictured at Toshiba Corp’s annual general meeting with its shareholders in Tokyo, Japan, June 25, 2021. REUTERS/Kim Kyung-Hoon/File Photo TOKYO (Reuters) – Japan Investment Corp (JIC) is considering the acquisition of Toshiba (OTC:) Corp, Bloomberg reported on Wednesday citing an unnamed source.
Mexican central banker: high inflation is not leaving anytime soon By Reuters
© Reuters. A man sells corn grains at a public market in Ozumba de Alzate, State of Mexico, Mexico, May 24, 2022. REUTERS/Edgard Garrido MEXICO CITY (Reuters) – Mexico will likely see consumer price spikes for “a while” and food inflation is a growing concern, the deputy governor of the country´s central bank, Jonathan Heath, said on Tuesday.
Man, 21, Beaten To Death By Girlfriend’s Relatives In Madhya Pradesh
Indore: A 21-year-old man was beaten to death allegedly by the kin of his girlfriend after they caught the couple in an objectionable state in a field, a police official in Madhya Pradesh’s Indore said on Tuesday. The body of Vinod Chouhan was found in Khudail area in the morning and a probe found that the family members of the girl he was in a relationship had beaten him to death a day earlier, said Superintendent of Police (Rural) Bhagwat Singh Virde. “We suspect he was also strangled.
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