Category: News
Microsoft backs Australia's proposed media laws, eyes expansion
(Reuters) – Microsoft Corp said on Wednesday it fully supported proposed new laws in Australia that would force internet giants Google and Facebook Inc to pay domestic media outlets for their content. “While Microsoft is not subject to the legislation…
U.S. stimulus, vaccine progress encourage equity bulls
TOKYO/NEW YORK (Reuters) – Asian shares and U.S. stock futures rose on Wednesday as governments around the world looked poised to boost spending to help economies recover from the coronavirus and vaccine roll-out programmes accelerated. MSCI’s broadest index of Asia-Pacific…
Nissan suspends some truck production in Mississippi due to chip shortage
(Reuters) – Nissan Motor has suspended some truck production in the U.S. state of Mississippi due to a shortage of chips, a Nissan USA spokeswoman said. The Japanese automaker has had to make short-term production adjustments at its North American…
Microsoft backs Australia's proposed media laws targeting Google, Facebook
(Reuters) – Microsoft Corp said on Wednesday it fully supported proposed new laws in Australia that would force internet giant Google and social media heavyweight Facebook Inc to pay domestic media outlets for their content. “While Microsoft is not subject…
Oil rises on falling crude stocks, demand hopes on stimulus and vaccine rollouts
MELBOURNE (Reuters) – Oil rose in early trade on Wednesday on expectations global oil stocks will fall back to more normal levels this year and as U.S. lawmakers moved closer to approving President Joe Biden’s $1.9 trillion COVID-19 aid bill…
McDonald's can sue ousted CEO over alleged lies about affairs: judge
(Reuters) – A Delaware judge on Tuesday rejected former McDonald’s Corp Chief Executive Steve Easterbrook’s bid to dismiss a lawsuit by the fast-food chain seeking to recoup millions of dollars in severance pay because he allegedly covered up improper sexual…
Analysis: GameStop saga expected to revive scrutiny of hedge fund industry
WASHINGTON (Reuters) – With hedge funds at the center of market drama for the second time in less than 12 months, the GameStop saga is likely to expedite a regulatory review of the ever-larger role non-bank firms play in the…
Citi's incoming CEO Fraser forms new operating team to build leadership accountability
(Reuters) – Citigroup Inc’s incoming chief executive officer Jane Fraser said on Tuesday she has decided to form a new global operating team to build accountability among its top leaders. “A key element of our Transformation work is to hold…
GameStop, other Reddit-favored stocks plunge as trading frenzy fizzles
(Reuters) – GameStop Corp shares more than halved in value on Tuesday and silver prices retreated as the Reddit-driven trading frenzy that roiled stock and commodity markets appeared to fizzle, at least for now. The videogame retailer’s shares, whose wild…
Asian shares push higher on improving coronavirus outlook
(Reuters) – Asian markets moved higher during early trading as governments around the world looked poised to boost spending to help economies recover from the coronavirus and vaccine roll-out programs accelerated. E-mini futures for the S&P 500 rose 0.34%. Japan’s…
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