A Huawei logo is seen at the Mobile World Congress (MWC) in Shanghai, China February 23, 2021. REUTERS/Aly SongChina’s Huawei Technologies Co Ltd (HWT.UL), once the world’s biggest smartphone maker, saw its phone shipments to retailers and other sellers within China plunge by half in the first quarter, as U.S. sanctions on its supply chain…
A record $1.8 trillion worth of bonds are set to mature in Asia this year, data shows, leading to a rush to refinance them in the coming months. Most of the maturing bonds in Asia are from China, South Korea, Australia and India and the region dwarfs Europe and the United States in terms of…
OSLO, April 29 (Reuters) – Western Europe’s largest oilfield, Johan Sverdrup, will ramp up its production in early May, sooner than previously expected, Swedish independent oil firm Lundin Energy said on Thursday.“Phase 1 production capacity is about to step-up to 535,000 barrels of oil equivalent per day (boepd) gross, and I expect, when the impact…
* Q1 net profit NOK 5.9 bln vs forecast NOK 4.9 bln* Return on equity was 10% for the quarter* Unlikely to hit 12% ROE goal this year (Adds background, detail)OSLO, April 29 (Reuters) – Norway’s DNB, which recently launched a bid for rival Sbanken, reported a bigger-than-expected rise in first-quarter earnings on Thursday but…
MyPillow CEO Mike Lindell made an appearance on Jimmy Kimmel’s late-night show on Wednesday night. The two had a 20-minute conversation, during which Lindell said he had not been home in months because of “death threats.” The two previously exchanged barbs after Kimmel mocked Lindell’s social network, Frank. See more stories on Insider’s business page.…
Moderna will make up to 3 billion doses of its COVID-19 vaccine in 2022, the biotech said Thursday. The CEO said “there will continue to be significant need” for shots and boosters in 2022 and 2023. The company is testing lower doses as booster shots, which could expand future supply. See more stories on Insider’s…
© Reuters. FILE PHOTO: President Biden holds a meeting on the American Jobs Plan at the White House in Washington By Nandita Bose, Jarrett Renshaw and Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Joe Biden plans to unveil a sweeping $1.8 trillion package for families and education in his first joint speech to Congress on Wednesday,…
The board that administers New York’s bar exam is immune from being sued for discrimination under the Rehabilitation Act, a federal appeals court has ruled, reversing a lower court finding that it had waived immunity under the 11th Amendment of the Constitution because it was part of New York’s court system, which receives federal funding.A…
Please try another search Economy2 hours ago (Apr 28, 2021 06:00PM ET) © Reuters. FILE PHOTO: Federal Reserve Chair Jerome Powell listens during a Senate Banking Committee hearing in Washington (Reuters) – The U.S. Federal Reserve is looking into risk management breakdowns at some of the banks that were involved in the meltdown of New…
The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan ErnstAlex Oh, who last week became the first woman of color to lead the U.S. securities watchdog’s enforcement division resigned on Wednesday due to potential conflicts of interest created by her previous work as…
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