Sterling little changed after mixed labor market data

Woman holds British Pound banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, Aug 16 (Reuters) – The British pound was little changed on Tuesday, having briefly fallen to its lowest level in over a week, after mixed data showed a jobs market that … Read more

Peloton to cut jobs, shut stores and raise prices in company-wide revamp

Aug 12 (Reuters) – Peloton Interactive Inc (PTON.O) said on Friday it would cut jobs, shut stores and raise prices on its exercise equipment including treadmills and top-end bikes as it undertakes a company-wide revamp to shore up its revenue and improve cash flow. Shares of the company surged about 11% in afternoon trade after … Read more

US FTC considers crackdown on how companies collect consumer information

WASHINGTON, Aug 11 (Reuters) – The US Federal Trade Commission (FTC) on Thursday said it was considering adopting new rules to prohibit harmful commercial surveillance and lax data security, saying American consumers are often unknowingly giving up personal information ranging from their menstrual cycles to how they pray. FTC Chair Lina Khan said “firms now … Read more

Samsung unveils new foldable smartphones, seeking to keep lead in growing market

The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, April 4, 2016. REUTERS/Kim Hong-Ji/File Photo Register now for FREE unlimited access to Reuters.com Register SEOUL, Aug 10 (Reuters) – Samsung Electronics (005930.KS) unveiled its latest high-end foldable smartphones on Wednesday, keeping prices at the same level as last year’s in … Read more

Thomson Reuters raises sales outlook on core business strength in slowing economy

The Thomson Reuters logo is seen on the company building in Times Square, New York, US, January 30, 2018. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, Aug 4 (Reuters) – Thomson Reuters Corp (TRI.TO) reported higher second-quarter operating profit on Thursday and raised its full-year revenue forecast, citing … Read more

India nixes privacy bill that alarmed big tech companies, works on new law

NEW DELHI, Aug 3 (Reuters) – India’s government on Wednesday withdrew a controversial data protection and privacy bill which was first proposed in 2019 and had alarmed big technology companies such as Facebook and Google, announcing it was working on a new comprehensive law. The 2019 law had proposed stringent regulations on cross-border data flows … Read more

PayPal registers to Indonesia’s licensing rules, access unblocked

PayPal app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register JAKARTA, Aug 3 (Reuters) – US payments firm PayPal (PYPL.O) has registered as an electronic systems operator in Indonesia and its customers can now access its services, the company said … Read more

As the US eyes new China chip curbs, turmoil looms for the global market

Any US export block may affect global chip supply – analysts Move would hinder Samsung, SK Hynix upgrading China plants Samsung, SK Hynix together supply over 50% of global NAND chips Curbs could change where future chip plants are built -analyst SEOUL, Aug 3 (Reuters) – Export restrictions being considered by Washington to halt China’s … Read more

Analysis: Investors gauge US stocks rebound: ‘suckers’ rally’ or market bottom?

NEW YORK, July 27 (Reuters) – As investors await another jumbo-sized rate increase from the Federal Reserve, they are taking the temperature of a weeks-long US stock market rally that followed a vicious first-half selloff. Even after Tuesday’s sharp fall, the S&P 500 remained up 7% from its June 16 low, buoyed in part by … Read more

Shares rally as markets but on more gradual rate hikes

Passersby wearing protective face masks walk in front of an electronic board showing Japan’s Nikkei share average, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan July 14, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register SINGAPORE, July 29 (Reuters) – Asian stocks took their cue on Friday from a late … Read more