(Reuters) - British American Tobacco (LON:BATS) said on Friday the UK's Serious Fraud Office had closed its investigation over suspicions of corruption by the company while conducting business. ...
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By Ben Klayman and Stephen Nellis (Reuters) - Automakers around the world are shutting assembly lines because of a global shortage of semiconductors that in some cases has been exacerbated by the Trump administration's actions against key Chinese chip factories, industry officials said. The shortage, which caught much of the industry off-guard and could continue for many months, is now causing Ford...
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Investing.com – Canada equities were higher at the close on Thursday, as gains in the Healthcare, Energy and REITs sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite gained 0.29%. The biggest gainers of the session on the S&P/TSX Composite were BlackBerry Ltd (TSX:BB), which rose 23.60% or 2.23 points to trade at 11.68 at the close. ...
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By Tetsushi Kajimoto TOKYO (Reuters) - Japan's heavy bond issuance to fund economic support measures during the pandemic has made the need for fiscal reform even more pressing, Finance Minister Taro Aso said on Friday. Speaking to reporters after a cabinet meeting, Aso said Japan has so far avoided a spike in government bond yields and a sudden yen selling, thanks in...
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By Yasin Ebrahim Investing.com – The Dow eased from record intraday highs Thursday, but remained supported on optimism for a speedier recovery as President-elect Joe Biden is set to unveil a more than $1 trillion package to boost the economy. The Dow Jones Industrial Average rose 0.24%, or 73 points to 31,131.71 after hitting an intraday record of 31,223.78. The S&P 500 was up...
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By Sara Merken (Reuters) - A trio of legal industry leaders, including a senior California judge and a top lawyer at Microsoft Corp (NASDAQ:MSFT), said on Thursday that improving diversity in the profession will require change at the leadership level, rethinking law firm compensation and embracing career flexibility. "It's especially important that lawyers, as a profession, reflect the society...
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By John Geddie SINGAPORE (Reuters) - The World Economic Forum (WEF) is aiming to attract around 1,000 delegates for its Singapore summit in late May and wants the iconic Marina Bay Sands complex to host the event, two sources familiar with the organisation's plans said. The sources, who did not want to be identified as negotiations are ongoing, said the plans for...
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(Bloomberg) -- The Trump administration blacklisted Chinese smartphone manufacturer Xiaomi (OTC:XIACF) Corp. for its military links along with the country’s third-biggest oil company over its drilling in the South China Sea, part of a final push to ratchet up pressure on Beijing before President-elect Joe Biden takes office. The Commerce Department’s move against China National Offshore Oil Corp., the nation’s main deepwater explorer,...
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By Joyce Lee SEOUL (Reuters) - A South Korean court will sentence Samsung Electronics (LON:0593xq) Co Ltd heir Jay Y. Lee on a bribery charge on Monday, a ruling likely to have ramifications not just for his company but for all of South Korea's chaebol conglomerates. Lee, 52, was convicted of bribing an associate of former President Park Geun-hye and jailed for...
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By Douglas Busvine BERLIN (Reuters) - Business software group SAP forecast flat revenue and a decline in operating profit in 2021, as it released preliminary annual results that came at the high end of guidance slashed last autumn. Walldorf-based SAP said it expected adjusted revenue, at constant currency, to be flat to up 2% this year, while adjusted operating profit was seen...
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