Business
Stocks sink, oil surges on reports of Middle East attacks
By Kevin Buckland TOKYO (Reuters) - Asian shares and bond yields sank on Friday while the dollar, yen, oil and gold surged after reports of a sharp escalation in Middle East hostilities. MSCI's broadest index of Asia-Pacific shares dived more ...
Apple removes WhatsApp, Threads from China app store, WSJ reports
(Reuters) - Apple removed Meta Platforms' WhatsApp and Threads from its app store in China on Friday saying it was ordered to by the government, the Wall Street Journal reported. The iPhone maker said China's top internet regulator asked it to ...
Surging dollar set for weekly gain as US data, Fed push back on rate cuts
By Rae Wee SINGAPORE (Reuters) - The resurgent dollar headed towards a second straight week of gains on Friday as a hotter-than-expected U.S. economy has pushed back investors' and policymakers' expectations of the trajectory of Federal Reserve ...
Sony, Apollo discuss joint bid for Paramount, says source
By Dawn Chmielewski (Reuters) - Sony Pictures Entertainment and Apollo Global Management are discussing making a joint bid for Paramount Global, according to a person familiar with the matter. The companies have yet to approach Paramount, which ...
Oil prices ease on prospect of persistently high US interest rates
By Laila Kearney NEW YORK (Reuters) - Oil prices slipped in early trade on Friday as U.S. jobs data pointed to higher interest rates for longer and easing tensions in the Middle East dampened supply concerns. The market largely shrugged off ...
TSMC's Taipei-listed shares drop 4% after Q1 results
TAIPEI (Reuters) - The Taipei-listed shares of Taiwan Semiconductor Manufacturing Co (TSMC) dropped more than 4% after opening on Friday following the company's first-quarter earnings results. The broader market was down around 1.9%. (Reporting ...
Hyundai pauses ads on X over brand safety issues
(Reuters) - South Korea's Hyundai said on Friday that it had paused advertising on X, formerly known as Twitter, and is speaking to the Elon Musk-owned social media platform directly about brand safety issues. It was not immediately clear why the ...
Japan's March core inflation slows, weak yen complicates BOJ move
By Satoshi Sugiyama and Makiko Yamazaki TOKYO (Reuters) - Japan's core inflation slowed in March and an index gauging broader price trends fell below 3% for the first time in over a year, data showed on Friday, as analysts warn yen weakness could ...
Fed's Bostic: open to a rate hike if inflation progress stalls
(Reuters) - Atlanta Federal Reserve Bank President Raphael Bostic on Thursday said that if inflation does not continue to move toward the U.S. central bank's 2% goal, as he expects it will, central bankers would need to consider an interest-rate ...
Jabil places CEO Wilson on paid leave amid investigation
(Reuters) - Jabil Inc has placed Chief Executive Officer Kenneth Wilson on a paid leave since April 15 pending completion of an investigation related to corporate policies, the electronic components maker said on Thursday. The company appointed ...