WASHINGTON (Reuters) – New orders for U.S.-made goods increased more than expected in July as the manufacturing sector continues to steadily recover from the COVID-19 pandemic. The Commerce Department said on Thursday factory orders rose 6.4% after a similar gain in June. Economists polled by Reuters had forecast factory orders increasing 6.0% in July. Source: […]
MOSCOW (Reuters) – Streaming giant Netflix and Russia’s National Media Group (NMG) have set up a partnership to run the U.S. group’s Russian service, NGM said in a statement on Wednesday. Netflix’s international version has been available in Russia since 2015. “National Media Group confirms its partnership with Netflix in Russia. The holding becomes the […]
TOKYO (Reuters) – An internal investigation by Toshiba Corp (6502.T) has found about 1,300 postal voting forms for its annual meeting went uncounted, two people familiar with the matter said, adding to concerns about potential governance breaches at the Japanese conglomerate. The unusually large number of uncounted votes related to a failed attempt by foreign […]
HONG KONG (Reuters) – China’s Ant Group plans to raise more funds on Shanghai’s Nasdaq-style market than in Hong Kong as part of its up to $30 billion dual listing, people with direct knowledge of the matter said, in a major endorsement of the year-old mainland exchange. The financial technology firm backed by Chinese e-commerce […]
Queen Astrid Gardens launches collective sale, $126.8m guide price for huge good class bungalow land
SINGAPORE – The owners of Queen Astrid Gardens have launched their property for collective sale – putting on the market a land parcel in the right location and size to potentially build four good class bungalows (GCBs). The site lies within the exclusive Queen Astrid Park GCB area and comes with a guide price of […]
SINGAPORE (Reuters) – Shares in Australia’s Afterpay Ltd (APT.AX) and its smaller consumer lender rivals tumbled for a second day on Wednesday, as the entry of U.S. giant PayPal into the buy-now-pay-later sector sent investors scrambling to re-price its frothy stocks. Afterpay fell as much as 12.4%, before paring losses, and has shed about A$2.4 […]
HONG KONG (Reuters) – A Citigroup (C.N) China unit has received a domestic fund custody licence from the China Securities Regulatory Commission, the bank said on Wednesday, the latest foreign financial firm to expand its presence in mainland China. Citi is the first U.S. bank to receive such a licence, which will allow it to […]
WASHINGTON (Reuters) – U.S. manufacturing activity accelerated to a more than 1-1/2-year high in August amid a surge in new orders, but employment continued to lag, supporting views that the labor market recovery was losing momentum. The Institute for Supply Management (ISM) said on Tuesday its index of national factory activity increased to a reading […]
COPENHAGEN (Reuters) – Maersk (MAERSKb.CO) will cut jobs in a major shake-up that will affect a third of the shipping giant’s staff as it seeks to integrate its seaborne container and in-land logistics businesses, it said on Tuesday. Maersk, which handles about one in five containers shipped worldwide, has been under pressure from investors to […]
Sept 1 (Reuters) – McDonald’s Corp has been sued by 52 Black former franchise owners who accuse the fast-food giant of racial discrimination by steering them to depressed, crime-ridden neighborhoods and setting them up for failure. In a complaint seeking up to $1 billion of damages, the plaintiffs said McDonald’s has not offered profitable restaurant […]