(Reuters) – AerCap Holdings NV said on Tuesday a unit of General Electric Co is selling 18 million shares, worth $1.12 billion, of the aircraft lessor through an underwritten public offering. In addition, AerCap agreed to repurchase $500 million worth of its shares from GE, its largest shareholder. The Boston-based conglomerate currently has a 45.3% …
By Farah Master, Sophie Yu and Mimosa Spencer HONG KONG (Reuters) -Hong Kong, one of the world’s top luxury shopping destinations, is losing its lustre as high-end retail properties go vacant and famous foreign brands reduce exposure to the city in favour of opening new outlets in mainland China. Glitzy Hong Kong shopping streets once …
Hong Kong loses lustre as retail units go vacant and big brands look to China Read More »
MEXICO CITY (Reuters) -Walmart’s unit in Mexico and Central America, known as Walmex, plans to boost spending in the region 27% from last year to total around 27 billion pesos ($1.49 billion) in 2023, it said on Tuesday. Just under half of the investment will go to remodeling and maintenance on existing stores, while nearly …
Walmart to invest nearly $1.5 billion in Mexico and Central America in 2023 Read More »
By Karen Freifeld and Stephen Nellis (Reuters) -Nvidia Corp, Advanced Micro Devices Inc and other tech firms are scrambling to assess whether they must halt sales to units of China’s Inspur Group Ltd after its addition to a U.S. export blacklist last week. The United States last week added Inspur to its trade blacklist for …
Nvidia, AMD grapple with latest U.S. curbs on China’s Inspur Read More »
By Gabriella Borter (Reuters) – Battles over abortion are heating up in state capitols across the United States as lawmakers wrestle with how much to restrict or expand access after the U.S. Supreme Court overturned Roe v. Wade last year. Here is a snapshot of state legislation seeking to restrict or protect abortion access in …
Factbox-U.S. state abortion legislation to watch in 2023 Read More »
By Howard Schneider and Lindsay Dunsmuir WASHINGTON (Reuters) -The Federal Reserve will likely need to raise interest rates more than expected in response to recent strong data and is prepared to move in larger steps if the “totality” of incoming information suggests tougher measures are needed to control inflation, Fed Chair Jerome Powell told U.S. …
Fed’s Powell sets the table for higher and possibly faster rate hikes Read More »
CIUDAD DE MÉXICO, 7 mar (Reuters) -La unidad de Walmart en México y América Central, también conocida como Walmex, planea invertir alrededor de 27,100 millones de pesos (1,490 millones de dólares) en la región durante 2023, dijo el gigante minorista el martes. Poco menos de la mitad del monto estará destinado a la remodelación y …
Wal-Mart de México anuncia inversión por 27,100 million pesos Read More »
(Reuters) – The European Union told Elon Musk to hire more human moderators and fact-checkers to review posts on Twitter, the Financial Times reported on Tuesday, citing four people familiar with talks between Musk, Twitter executives and regulators in Brussels. The demand complicates Musk’s efforts to reorganize the loss-making business he acquired for $44 billion …
EU tells Elon Musk to hire more staff to moderate Twitter – FT Read More »
By Brendan Pierson (Reuters) – Connecticut on Tuesday sued four gun companies it accused of violating state law by advertising and selling components that can be used to build so-called “ghost guns” without serial numbers that are difficult to trace. The lawsuit, filed in the Judicial District of Hartford, targets Florida-based Indie Guns LLC, Florida-based …
Connecticut accuses four companies of selling illegal ‘ghost gun’ parts Read More »
By Simon Lewis WASHINGTON (Reuters) – U.S. State Department spokesperson Ned Price will step down this month after more than two years and take up a new position reporting to Secretary of State Antony Blinken, the secretary said on Tuesday. Price was sworn in as spokesperson on Jan. 20, 2021, the day Joe Biden was …
U.S. State Dept spokesperson Price to step down after two years Read More »
