By Mehnaz Yasmin and Niket Nishant (Reuters) – American Express’ higher-than-expected provisions in the third quarter cast a shadow over…
Japanese yen jumps vs dollar, traders suspect intervention
By Gertrude Chavez-Dreyfuss and Saqib Iqbal Ahmed NEW YORK (Reuters) – The battered yen jumped against the dollar on Friday,…
Analysis-As U.S. Treasuries tumble, some investors say turning point is near
By Davide Barbuscia NEW YORK (Reuters) – Some investors believe Treasury yields are close to peaking, even as markets continue…
Apple’s industrial design head Hankey to leave – Bloomberg News
(Reuters) – Apple Inc’s vice president for industrial design, Evans Hankey, is leaving the company, Bloomberg News reported on Friday,…
Toyota expects to cut full-year output target due to chip shortage
TOKYO (Reuters) -Toyota Motor Corp said on Friday its annual vehicle production was likely to come in below its initial…
Verizon profit declines as pricier plans result in subscriber loss
By Eva Mathews and Savyata Mishra (Reuters) -Verizon Communications Inc’s profit fell 23% and it added fewer-than-expected wireless subscribers in…
Schlumberger’s 3Q profit tops forecasts as oil drilling jumps
By Liz Hampton and Ruhi Soni (Reuters) -Schlumberger on Friday reported its strongest quarterly profit since 2015 with results that…
Russian IT firm Softline mulls Moscow IPO after split from global partner -sources
By Alexander Marrow and Olga Popova MOSCOW (Reuters) – Russian IT company Softline, newly spun off from its global partner,…
Yellen says chips, research investments will boost U.S. economic capacity
By David Lawder HERNDON, Va. (Reuters) – U.S. Treasury Secretary Janet Yellen said on Friday that domestic investments in semiconductors…
Hedge funds suffer further outflows in Q3, stockpickers lead way
By Nell Mackenzie (Reuters) – Investors pulled an estimated $26 billion from hedge funds during the third quarter, according to…