News
Canada March retail sales grow 0. 9%; seen up 0. 6% in April
2+ day, 13+ hour ago (268+ words) OTTAWA, May 22 (Reuters) " Canada's retail sales in March grew by 0. 9%, beating expectations, to C$72. 67 billion" ($52. 64 billion) primarily led by sales at gasoline "stations and fuel vendors, as higher prices of "gasoline at pumps due to the Iran war boosted the…...
Japan trade minister holds brief talks with Chinese counterpart amid diplomatic row
2+ day, 1+ hour ago (39+ words) TOKYO, May 23 (Reuters) - Japan's Trade Minister Ryosei Akazawa said on Saturday there were no formal bilateral talks with China's Commerce Minister Wang Wentao, though the "two had a brief conversation before a dinner on Friday, without disclosing de. .....
USTR Greer sees no immediate chip tariffs but says protection important for sector | 1330 & 101. 5 WHBL
2+ day, 6+ hour ago (356+ words) By David Shepardson and David Lawder MANASSAS, Virginia, May 22 (Reuters) " U. S. Trade Representative Jamieson Greer said on Friday there were no imminent new U. S. tariffs expected to be imposed on "semiconductors, but that it was important to protect the "sector with duties…...
EMA backs Novo's Wegovy pill, first oral weight-loss drug for Europe
2+ day, 13+ hour ago (355+ words) By Bhanvi Satija and Kunal Das May 22 (Reuters) " The European Medicines Agency recommended approval of Novo Nordisk's pill Wegovy, the regulator said on Friday, clearing the way for it to become the first oral weight-loss "drug in Europe, ahead of…...
Exclusive-Starbucks scraps AI inventory tool across North America
3+ day, 13+ hour ago (588+ words) NEW YORK, May 21 " Starbucks terminated an AI program workers used for automating certain inventory counts this week, nine months after deploying it across its North American stores, according to an internal newsletter reviewed by Reuters and two people with direct…...
Warsh takes the Fed's helm with a policy dilemma already unfolding
2+ day, 16+ hour ago (593+ words) WASHINGTON, May 22 (Reuters) " Kevin Warsh, whose broad criticism of current U. S. Federal Reserve officials, playbook for rate cuts and ties to President Donald Trump elevated him past other contenders to lead the central bank, was sworn in as Fed leader on…...
Novo Nordisk uses AI to fast-track drug launches, expand India role
2+ day, 19+ hour ago (403+ words) By Rishika Sadam and Mrinalika Roy BENGALURU, May 22 (Reuters) " Novo Nordisk is aiming to slash the time it takes to bring new drugs to market by up to two-thirds using AI, a top executive "said, as the Danish drugmaker looks…...
Philippine central bank governor says it is considering off-cycle rate hike
2+ day, 22+ hour ago (306+ words) MANILA, May 22 (Reuters) " The Philippine central bank could hike interest rates ahead of its scheduled policy meeting on June 18, its governor said on Friday. Bangko "Sentral ng Pilipinas Governor Eli Remolona said in "an interview with One News that the…...
Hengli, China's silk-to-petrochemicals empire, faces the chill of US sanctions
2+ day, 22+ hour ago (966+ words) By Colleen Howe and Chen Aizhu BEIJING/SINGAPORE, May 22 (Reuters) " The Hengli Group, built by a husband and wife duo over three decades from a bankrupt textile mill into a Fortune Global 500 giant and one of China's largest private oil…...
Goldman Sachs to pay $500 million to settle shareholder lawsuit over 1 MDB scandal
2+ day, 23+ hour ago (312+ words) NEW YORK, May 21 (Reuters) " Goldman Sachs has agreed to pay $500 million to settle a class action lawsuit accusing the Wall Street bank of defrauding shareholders "about its work for 1 MDB, a Malaysian sovereign wealth "fund that became embroiled in a…...