By Helen Coster, Svea Herbst-Bayliss (Reuters) -Former U.S. President Donald Trump came a step closer on Friday to reaping a major windfall from his social media firm after investors in a blank-check acquisition company approved a merger currently worth about $5.7 billion. The deal values Trump\'s majority stake in the company that holds his app...
The Indonesia stock market has moved higher in two of three trading days since the end of the two-day slide in which it had slipped more than 30 points or 0.4 percent. The Jakarta Composite Index now sits just beneath the 7,340-point plateau and it may extend its gains on Friday. The global forecast for...
By Dawn Chmielewski (Reuters) - Walt Disney (NYSE:DIS) Co on Friday said that remarks by activist investor Nelson Peltz criticizing the company for making movies dominated by female and Black actors is evidence that he shouldn\'t be on Disney\'s board. Peltz, whose fight to join Disney as a director has become one of the year\'s...
The U.S. Food and Drug Administration approved Italfarmaco S.p.A\'s Duvyzat (givinostat) oral medication for the treatment of Duchenne Muscular Dystrophy or DMD in patients six years of age and older. Duvyzat is the first nonsteroidal drug approved by the agency to treat patients with all genetic variants of DMD. It is a histone deacetylase or...
By David Shepardson WASHINGTON (Reuters) -The U.S. Federal Aviation Administration is increasing oversight of United Airlines to ensure the carrier\'s compliance with safety regulations, the agency said on Saturday, following a series of safety incidents. The FAA will initiate a formal evaluation to ensure the Chicago-based airline \"is complying with safety regulations; identifying hazards and...
The British pound weakened against other major currencies in the European session on Friday, as traders bet on increasing expectation that the Bank of England is likely to opt for interest rate cuts later this year. The Bank of England left its benchmark interest rate unchanged at a sixteen-year high for the fifth straight session...
By Foo Yun Chee and Supantha Mukherjee BRUSSELS/STOCKHOLM (Reuters) - Big Tech is facing its biggest challenge in decades as antitrust regulators on both sides of the Atlantic crack down on alleged anti-competitive practices that could result in break-up orders to Apple (NASDAQ:AAPL) and Alphabet (NASDAQ:GOOGL)\'s Google, a first for the industry. That in turn...
Equity markets in Asia finished trading on a mixed note amidst an uptick in inflation in Japan as well as uncertainties about rate cuts by the Fed. The Dollar\'s rebound as well as mixed corporate earnings weighed on sentiment. China\'s Shanghai Composite Index slipped 0.95 percent to finish trading at 3,048.03. The day\'s trading ranged...
(Reuters) -China has introduced guidelines to phase out U.S. microprocessors from Intel (NASDAQ:INTC) and AMD (NASDAQ:AMD) from government personal computers and servers, the Financial Times reported on Sunday. The procurement guidance also seeks to sideline Microsoft (NASDAQ:MSFT)\'s Windows operating system and foreign-made database software in favour of domestic options, the report said. Government agencies above...
After an early setback due to a sell-off in the technology sector following Accenture\'s weak revenue guidance, Indian shares recovered and stayed fairly steady on Friday to eventually end the day\'s session modestly higher. Optimism about interest rate cuts by central banks continued to help underpin sentiment. The BSE benchmark Sensex, which fell nearly 470...