News

September 8, 2021 By Sonali Paul and Florence Tan MELBOURNE/SINGAPORE (Reuters) -Oil prices were little changed on Wednesday following overnight losses from a stronger dollar and demand concerns, with a slow production restart in the U.S. Gulf of Mexico providing some support. U.S. West Texas Intermediate (WTI) crude futures rose 11 cents, or 0.2%, to […]

September 8, 2021 By Saqib Iqbal Ahmed NEW YORK (Reuters) – Options traders are expecting comparatively subdued moves in GameStop Inc shares around its earnings report, as the company that helped spark the so-called meme stock phenomenon prepares to report quarterly results on Wednesday. Traders are pricing a 14% swing for GameStop’s shares by Friday, […]

September 8, 2021 PARIS (Reuters) – French drugmaker Sanofi SA has agreed to buy U.S. biopharmaceutical company Kadmon Holdings Inc in a $1.9 billion deal, the companies said on Wednesday. Sanofi said it has offered $9.50 per share in cash for Kadmon, representing a total equity value of approximately $1.9 billion on a fully diluted […]

September 8, 2021 MELBOURNE (Reuters) – BHP Group will team up with billionaire-backed AI exploration firm KoBold Metals to look for battery minerals like copper and nickel in Australia and other global locations, the companies said on Wednesday. The world’s largest miner is building out its portfolio in what it calls “future facing commodities”, expecting […]

September 8, 2021 By Makiko Yamazaki TOKYO (Reuters) – Toshiba Corp said on Wednesday detailed talks on potential take-private deals would make sense only after all strategic options are carefully reviewed, spurning calls from some shareholders to start soliciting buyout bids. The statement comes as the Japanese industrial conglomerate has been in talks https://ift.tt/3l5dnyl with […]

September 8, 2021 By Tetsushi Kajimoto and Daniel Leussink TOKYO (Reuters) -Japan should strive for a new form of capitalism to reduce income disparity that has worsened under the coronavirus pandemic, says former foreign minister Fumio Kishida who hopes to become leader of the ruling party and next prime minister. Kishida is the only Liberal […]

September 8, 2021 TOKYO (Reuters) – Japanese Prime Minister Yoshihide Suga, his support ratings in tatters ahead of a general election, said last week he would step down https://ift.tt/3l7MsST, meaning the ruling Liberal Democratic Party (LDP) will choose a new leader on Sept. 29, who will become prime minister. Here are details about some people […]

Hundreds of thousands of teenagers and young adults get on flights each year from India to a foreign land to pursue higher education. Upon landing, they face myriad challenges. One big one: They don’t have a local credit history, so they can’t avail a range of financial services, including a loan or a credit card […]

Even as there are hundreds of millions of Indians who have bank accounts, only about 30 million of them have credit cards. The adoption rate of the plastic card has largely remained stagnant in the South Asian nation for the last few years. The relatively young credit-rating system in India covers only a tiny fraction […]

September 8, 2021 BEIJING (Reuters) – China’s macro leverage ratio, which measures the economy’s overall indebtedness, stood at 274.9% at end-June, down 4.5 percentage points from the end of last year, China Finance said on Wednesday. The drop was due to the receding impact of the COVID-19 epidemic on the Chinese economy and a decline […]

September 8, 2021 SHANGHAI (Reuters) -BlackRock’s China mutual fund subsidiary set up its first fund in the country after raising 6.68 billion yuan ($1.03 billion) during a shortened subscription period, signalling warm reception by investors. Wednesday’s disclosure came a day after billionaire investor George Soros said it was a mistake for BlackRock to invest in […]

September 8, 2021 JAKARTA (Reuters) – A fire tore through an overcrowded block in a jail in Indonesia’s Banten province in the early hours of Wednesday, killing at least 40 people and injuring dozens, a government spokeswoman and media reports said. The fire, which broke out at 1 to 2 a.m. at the Tangerang Prison […]

We know that large data centers running powerful servers use vast amounts of electricity. Anything that can reduce consumption would be a welcome change, especially in a time of climate upheaval. That’s where the new IBM Power E1080 server, which is powered by the latest Power10 processors, comes into play. IBM claims it can consolidate […]

September 8, 2021 (Reuters) – Wales captain Gareth Bale said he is not in favour of a FIFA proposal to hold the World Cup every two years. The 2022 World Cup in Qatar could be the 32-year-old’s last opportunity to play in the tournament but the winger said making the competition a biennial event would […]

September 8, 2021 BEIJING (Reuters) – The Chinese tech hub of Hangzhou, home to e-commerce giant Alibaba, topped a Economist Intelligence Unit ranking of Chinese cities with the greatest economic growth potential in the next few years. All the cities in the top 10 are in eastern and southern China, except for the capital Beijing, […]

September 8, 2021 TOKYO (Reuters) – Toshiba Corp said on Wednesday its board has not yet decided on the most appropriate strategic option for the company and is continuing to explore feasible alternatives. The board has determined that its strategic review committee should focus on potential investors’ approach on corporate value including how to resolve […]

September 8, 2021 By Lisa Richwine LOS ANGELES (Reuters) -Jamie Spears, the father of Britney Spears, on Tuesday asked a Los Angeles court to end the pop singer’s 13-year conservatorship, saying circumstances have changed in recent months. In an unexpected development, Jamie Spears, who in 2008 set up the court-sanctioned arrangement that governs the singer’s […]

September 8, 2021 By Tetsushi Kajimoto and Daniel Leussink TOKYO (Reuters) – Japan should strive for a new form of capitalism to reduce income disparity that has worsened under the coronavirus pandemic, says former foreign minister Fumio Kishida who hopes to become leader of the ruling party and next prime minister. Kishida is the only […]

September 8, 2021 ACAPULCO, Mexico (Reuters) -A powerful earthquake struck southwestern Mexico near the beach resort of Acapulco on Tuesday night, causing rock falls and damaging buildings, though there were no immediate reports of casualties. The 7.0 magnitude quake, which struck 11 miles northeast of the resort of Acapulco, Guerrero, shook the hillsides around Acapulco, […]

September 7, 2021 By Rory Carroll LOS ANGELES (Reuters) – Veteran quarterbacks including Tom Brady and Aaron Rodgers will look to maintain their dominance amid an influx of new talent in the sport’s most crucial position when the NFL season kicks off this week. A record eight QBs were taken in the first three rounds […]