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17 Jun

LME launches reporting of OTC positions after nickel chaos

LONDON (Reuters) -The London Metal Exchange (LME) approved rules on Friday for members to report all over the counter (OTC) positions, a move taken after off-exchange trading was partly blamed for a wild spike in nickel prices in March.

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17 Jun

Tesco says Britons buying less and trading down to navigate inflation

LONDON (Reuters) -Britons are buying less, switching to cheaper products and shopping more often as they try to cope with soaring inflation, supermarket giant Tesco said on Friday, describing the market environment as "incredibly challenging".

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17 Jun

Japan May consumer inflation seen likely staying above central bank's target: Reuters poll

Japan's core consumer price index for May is expected to climb 2.1% from a year earlier, its second straight month of gains above the central bank's 2% inflation target, a Reuters poll showed on Friday.

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17 Jun

EssilorLuxottica to repurchase up to 2.5 million shares

EssilorLuxottica said on Friday it was launching a new share buyback programme for a maximum of 2.5 million shares, or around 0.6% of its capital.

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17 Jun

Sequoia India grapples with fallout from governance snafus

Sequoia Capital's India partners, caught out early this year by governance scandals at startup companies in its portfolio, assured investors at an April meeting in London that these "lowlights" were mostly behind it, according to three people familiar with the discussions.

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17 Jun

BOJ maintains ultra-low rates, warns against sharp yen falls

TOKYO (Reuters) -The Bank of Japan maintained ultra-low interest rates on Friday and its guidance to keep borrowing costs at "present or lower" levels, signaling its resolve to focus on supporting the economy's tepid recovery from the COVID-19 pandemic.

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17 Jun

Tesla investor sues Musk, board over accusation of workplace discrimination

A Tesla Inc shareholder sued the electric car maker, Chief Executive Elon Musk and its board, accusing them of neglecting to tackle complaints about workplace discrimination and harassment, and engendering a "toxic workplace culture."

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Latest Articles

  • China receives US equipment to make advanced chips despite new rules - report
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  • Google's expert in US antitrust trial defends billions paid to device makers
  • Post-strike Hollywood rushes to get film, TV sets humming

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