(Reuters) -The European Union is set to fine Apple (NASDAQ:AAPL) about 500 million euros ($539 million) over alleged breaches of EU competition law, the Financial Times reported on Sunday citing unnamed sources. The fine is expected to be announced early next month, the FT said. Last year, the European Commission accused Apple of distorting competition...
-- U.S. stock index futures rose slightly in evening deals on Sunday, steadying after a stronger-than-expected producer inflation reading spurred some losses in the prior session, with focus now turning to a swathe of major earnings this week. Trading volumes were limited ahead of a holiday on Monday. S&P 500 futures were flat, while Nasdaq...
-- Shares of videogame giant Nintendo Co Ltd (TYO:7974) fell sharply on Monday after Bloomberg reported that the firm intended to delay a follow-up to its wildly successful Switch console to 2025 from 2024. Bloomberg reported that Nintendo was advising some videogame publishers to not expect the new console until at least March 2025, marking...
TOKYO (Reuters) - Nintendo shares fell 6% on Monday after reports by games media and Bloomberg that its next-generation console will be delayed until early 2025 from later this year. While Nintendo has not commented on plans for a successor device beyond saying that it is always working on new hardware and software, the Kyoto-based...
By David Shepardson WASHINGTON (Reuters) -U.S. President Joe Biden\'s administration is set to ease proposed yearly requirements through 2030 of its sweeping plan to aggressively cut tailpipe emissions and ramp up electric vehicle sales, two sources told Reuters on Sunday. Automakers and the United Auto Workers had urged the Biden administration to slow the proposed...
By Scott Murdoch and Sameer Manekar (Reuters) -Australian diversified investor Seven Group Holdings has offered A$1.9 billion ($1.24 billion) to take full control of building products group maker Boral (OTC:BOALY) in a bet Australia\'s infrastructure spending boom will be maintained in coming years. Seven Group, headed by billionaire Kerry Stokes and his family, already owns...
-- Most Asian stocks kept to a tight range on Monday, tracking weakness in Wall Street as stronger-than-expected inflation data fueled more fears of higher-for-longer U.S. interest rates. Wall Street indexes fell on Friday after data showed U.S. producer price index inflation grew more than expected in January. The reading, which came just days after...
BEIJING (Reuters) - Chinese electric vehicle giant BYD (SZ:002594) on Monday launched a new version of its plug-in hybrid sedan Qin Plus DM-i with a lower starting price, doubling down on price cuts to stay competitive in the world\'s largest auto market. The new model goes for a starting price of 79,800 yuan ($11,090), down...
Jupiter Asset Management’s compliance team blocked its investors from having any exposure to a cryptocurrency exchange-traded product(ETP)in one of its Irish UCITs funds,according to a Financial Times report. The reason for blocking the investment was due to,“divergent regulatory approaches in the EU.”UCITS are open-ended investment funds and are a popular form of investment vehicle,especially for...
Court Rules Against Crypto Mining Company,Will Not Force BC Hydro to Provide PowerConifex Timber Inc.,a forestry firm with a crypto mining business,has lost a court battle in which it had aimed to force BC Hydro,a Canadian electric utility in the province of British Columbia,to provide the power needed for its operations,the National Post reported. In...