EXCLUSIVE Grab sees no major layoffs despite weak market

A man walks past a Grab office in Singapore March 26, 2018. REUTERS/Edgar Su Register now for FREE unlimited access to Reuters.com Register SINGAPORE, Sept. 25 (Reuters) – Grab, the largest taxi and food delivery company in Southeast Asia, is not planning to take mass layoffs like some rivals have done, and is hiring selectively … Read more

Russia’s Lavrov accuses Washington of ‘playing with fire’ around Taiwan

Register now for FREE unlimited access to Reuters.com Register UNITED NATIONS, Sept. 24 (Reuters) – Russia on Saturday accused the United States of “playing with fire” around Taiwan, while China said it will push for “peaceful reunification” with the democratically-ruled island and pledged to take strong steps to resist against any outside interference, a thinly … Read more

Storm Fiona ravages Eastern Canada’s coast, killing many

Register now for FREE unlimited access to Reuters.com Register HALIFAX, Nova Scotia, Sept. 24 (Reuters) – Powerful storm Fiona struck hurricane-force winds across eastern Canada on Saturday, blowing trees and power lines, leaving hundreds of thousands of homes and businesses without electricity. The US National Hurricane Center said the storm’s center, now called post-tropical Cyclone … Read more

Ukraine 2022/23 solar oil output seen at 3.5 to 4.9 mln T – analyst

Register now for FREE unlimited access to Reuters.com Register KYIV, Sept. 24 (Reuters) – Ukraine’s sunflower oil production could reach between 3.5 and 4.9 million tons in the 2022/23 season, compared to 5 million tons in 2021/22, analyst APK-Inform said on Saturday. The consultancy said in a report that solar oil exports could be between … Read more

Wall St Week Ahead Investors Wonder When the Vicious Selling of US Stocks Will End

A specialist trader works on the floor of the New York Stock Exchange (NYSE) in New York City, US, Sept. 22, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register NEW YORK, Sept. 23 (Reuters) – A week of heavy selling has rocked US stocks and bonds, and many investors are bracing … Read more

Dow slumps but narrowly avoids bear market status confirmation

Register now for FREE unlimited access to Reuters.com Register Sept 23 (Reuters) – The blue-chip Dow Jones Industrial Average (.DJI) slumped to its lowest level since November 2020 on Friday, but finished just over 20% below its closing record set on Jan. 4. A Dow close below 29,439.72 would have confirmed a bear market starting … Read more

Airbus denounces skeptical supplier Raytheon over jet output

Register now for FREE unlimited access to Reuters.com Register PARIS, Sept. 23 (Reuters) – Europe’s Airbus (AIR.PA) clashed with US giant Raytheon Technologies (RTX.N) on Friday over plans for a record jump in jet aircraft output, after the industry’s largest contractor questioned whether a battered supply chain could hold you well. The world’s largest aircraft … Read more

Britain is betting everything on historic tax cuts and loans, investors scare

Kwarteng lowers top income tax rate for growth Huge increase in UK sovereign debt issuance planned Stamps suffer worst malaise in decades Pound falls to new 37-year low against dollar LONDON, Sept. 23 (Reuters) – Britain’s new Chancellor of the Exchequer, Kwasi Kwarteng, on Friday unleashed historic tax cuts and massive loan increases into an … Read more

UK tax cuts deepen sell-off, dollar rises and bonds plummet

Register now for FREE unlimited access to Reuters.com Register MSCI All-World hits 2-year low Dollar hits new high in two decades Sterling and gilts sell off after ‘mini budget’ in UK Yen lower, but traders wary of more intervention Treasuries heading for 8th weekly loss LONDON, Sept. 23 (Reuters) – Shares hit their lowest level … Read more

Medical device manufacturers see little impact from Fiona on operations in Puerto Rico

Register now for FREE unlimited access to Reuters.com Register Sept. 23 (Reuters) – Medical device companies and some drug makers with manufacturing operations in Puerto Rico said they don’t expect significant disruption from Hurricane Fiona, which cut power to more than 3 million people and caused flooding and landslides on the island. The U.S. Food … Read more