By Max A. Cherney and Jeffrey Dastin SAN FRANCISCO, Dec 24 (Reuters) – It was a Thursday before dawn in Silicon Valley when Intel CEO Lip-Bu Tan found himself under attack by the president of the United States. “The CEO of INTEL is highly CONFLICTED and must resign, immediately,” U.S. President Donald Trump wrote on…
By Ankur Banerjee and Rae Wee SINGAPORE, Dec 19 (Reuters) – A vague outlook from Bank of Japan Governor Kazuo Ueda on Friday has given investors the nerve to add to their bets against the yen, which could soon put Japan’s currency back at uncomfortably low levels for a government concerned it may already be…
By Takaya Yamaguchi and Kaori Kaneko TOKYO, Dec 22 (Reuters) – Japanese authorities said on Monday that they would take “appropriate” action against excessive exchange-rate moves, in comments that raise the prospect of intervention after last week’s central bank meeting that caused renewed yen declines. “The recent foreign exchange moves were one-sided and sharp, and…
By Patturaja Murugaboopathy Dec 22 (Reuters) – Global technology companies have ramped up debt issuance this year to record levels, as an intensifying race to build artificial intelligence capacity forces even cash-rich firms to borrow heavily to fund that investment. According to Dealogic data, global tech companies issued $428.3 billion of bonds in 2025 through…
By Elena Fabrichnaya and Gleb Bryanski MOSCOW, Dec 19 (Reuters) – The Russian central bank cut its key rate by 50 basis points to 16% on Friday, in line with analysts’ expectations, as inflation slows down and the economy, focused on military action in Ukraine, struggles to grow. The central bank made the announcement as…
By David Morgan WASHINGTON, Dec 19 (Reuters) – Republican worries about losing their majority in the U.S. House of Representatives next year erupted this week, when four moderates joined Democrats in a last-ditch effort to prevent a spike in healthcare costs for 24 million Americans beginning in less than two weeks. The four – Representatives…
By May Angel and Alexander Marrow LONDON, Dec 19 (Reuters) – U.S. coffee lovers hoping President Donald Trump’s tariff rollbacks last month will soon lower the cost of their daily caffeine hit had better think again. The widespread import tariffs imposed by Trump mostly over the summer, which included top coffee producers such as Brazil,…
Dec 19 (Reuters) – Convenience store chain 7-Eleven Inc said on Friday that Chief Executive Officer Joe DePinto will retire after 20 years in the role. The company said in a statement that it has appointed current President Stan Reynolds and Doug Rosencrans, executive vice president and chief operating officer, as interim co-CEOs. 7-Eleven Inc…
WASHINGTON, Dec 17 (Reuters) – U.S. senators are close to a deal to approve legislation to toughen military helicopter safety rules and rescind a provision in an annual defense bill approved on Wednesday that sparked alarm, congressional aides said. Republican Senate Commerce Committee chair Ted Cruz is expected to go to the floor on Wednesday…
By Richard Cowan and Bo Erickson WASHINGTON, Dec 17 (Reuters) – An expanded U.S. federal healthcare subsidy that grew out of the pandemic looked all but certain to expire on December 31, as Republicans on Wednesday blocked a last-ditch effort by Democrats to maintain it. By a vote of 204-203, the House voted to stop…
