A Centennial-based company that manages pre-show advertising before movies and is mostly owned by the megachains Regal and Cinemark is being accused of using opaque accounting tricks to steal at least $15 million from an ESPN analyst. In 2017, National CineMedia bought a 2-year-old company called Kinetoplay that made movie-related video games. As part of the purchase, […]
TOKYO (Reuters) -Japan’s economy shrank for the first time in two quarters in the first three months of the year as COVID-19 curbs hit the service sector and surging commodity prices created new pressures, raising concerns about a protracted downturn.FILE PHOTO: Businessmen wearing protective face masks walk on a pedestrian bridge, amid the spread of […]
BOSTON (Reuters) – Prominent hedge funds, including Point72 Asset Management and Bridgewater Associates, invested in Twitter during the first quarter, putting them on course to reap big gains early in the second quarter when billionaire Elon Musk unveiled plans to buy the company.FILE PHOTO: The Twitter logo and trading information is displayed as a trader […]
NEW DELHI (Reuters) – India’s wholesale prices accelerated at the fastest pace since at least April 2005, according to Refinitiv data, as the Ukraine war and a weak rupee pushed up energy and raw material costs for companies.Slideshow ( 3 images )Annual wholesale price inflation, a proxy for producers’ prices, climbed to 15.08% in April, […]
DAVOS, Switzerland (Reuters) – Movers and shakers arriving for the annual meeting of the World Economic Forum (WEF) this month can pack sandals instead of ski boots for a rare springtime version of the event in Davos, the Swiss ski resort that is Europe’s highest city.Slideshow ( 5 images )In December, organisers postponed the meeting […]
FILE PHOTO: A lorry driver passes a sign on the side of his vehicle advertising for jobs as he makes a delivery, in London, Britain, October 13, 2021. REUTERS/Toby MelvilleLONDON (Reuters) – British employers expect to raise staff pay by 3%, a big increase by normal standards but far below the current rate of inflation, […]
MANILA (Reuters) -Newly-elected Philippine President Ferdinand Marcos Jr. will inherit an economy that has strongly bounced back from the COVID-19 pandemic when he takes office in June, but soaring food and fuel costs will need to be addressed quickly.FILE PHOTO: Vendors wearing face masks for protection against the coronavirus disease (COVID-19) stand by their fruit […]
The impact of rising mortgage rates is yet to be widely felt across the economy. While some mortgage holders will already be feeling the pinch from the Reserve Bank of New Zealand (RBNZ) lifting the Official Cash Rate (OCR) from the emergency lows it was cut to in 2020 and 2021, a large portion are […]
The Switch logo is pictured on a data center in Las Vegas, Nevada, U.S., October 6, 2017. REUTERS/Chris Wattie(Reuters) -Data center operator Switch Inc said on Wednesday it would be taken private by digital infrastructure firm DigitalBridge Group Inc for $8.38 billion in cash. The offer values each share of Switch at $34.25, an almost […]
NEW YORK (Reuters) – In the wake of the 50-basis-point interest rate hike by an increasingly hawkish Federal Reserve, markets have gyrated wildly ahead of this week’s U.S. economic data, which will be closely parsed for signs that inflation is peaking.FILE PHOTO: People are seen on Wall St. outside the New York Stock Exchange (NYSE) […]