SEOUL (Reuters) – South Korea’s finance minister said on Friday the country’s exports and investment would be weak at least through the first half of the year and that the government[...]
Read more
February 2, 2023
Adani’s market losses top $100 billion as crisis shockwaves spread
By Aftab Ahmed, Chris Thomas and Aditya Kalra NEW DELHI/MUMBAI (Reuters) – Adani’s market losses swelled above $100 billion on Thursday, sparking worries about a potential systemic impact[...]
Read more
Gilead profit beats Street expectations on COVID and HIV sales
By Michael Erman and Sriparna Roy (Reuters) -Gilead Sciences Inc on Thursday reported a higher-than-expected fourth-quarter profit driven by strong demand for its HIV and cancer drugs, while COVID-19[...]
Read more
Ford posts lower profit, issues downbeat outlook; shares drop
By Joseph White and Paul Lienert DETROIT (Reuters) -Ford Motor Co on Thursday said quarterly profits fell and the automaker predicted a difficult year ahead, sending its shares down after the bell as[...]
Read more
Kohl’s names Kingsbury as permanent CEO
(Reuters) -Kohl’s Corp said on Thursday that interim Chief Executive Officer Tom Kingsbury, a director nominated by hedge funds Macellum Advisors and Ancora Holdings, will take over the role on[...]
Read more
Sam Bankman-Fried in talks to resolve bail dispute, lawyer says
By Luc Cohen NEW YORK (Reuters) – Sam Bankman-Fried is in talks with U.S. prosecutors to resolve a dispute over the FTX cryptocurrency exchange founder’s bail conditions, his lawyer said o[...]
Read more
U.S. FTC denies Meta petition to recuse Khan from Within Unlimited review
By David Shepardson WASHINGTON (Reuters) -The Federal Trade Commission (FTC) rejected a petition filed by Facebook-parent Meta seeking the recusal of Chair Lina Khan from participating in any decision[...]
Read more
Marketmind: Communication breakdown
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The Fed, ECB, and BoE have spoken, and the market’s message is: We hear you, but we don’t[...]
Read more
Gautam Adani in talks to prepay share pledges to boost confidence – Bloomberg News
(Reuters) -Adani Group Chairman Gautam Adani is in talks with lenders to prepay and release pledged shares as he seeks to restore confidence in the financial health of his conglomerate, Bloomberg News[...]
Read more