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Currencies tread with caution ahead of Powell’s speech

By Ankur Banerjee SINGAPORE (Reuters) -The U.S. dollar was steady on Friday, poised for a strong weekly performance as investors gear up for an eagerly anticipated speech from the Federal Reserve Chair Jerome Powell that could shape the near-term path for interest rates. An unexpectedly ...
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Boeing Defense workers hold out for better deal, keeping fighter jet production idle

By Dan Catchpole (Reuters) -Top machinists union officials and a Democratic congressman joined striking workers outside a Boeing Defense facility near St. Louis on Thursday, pressing the company for a contract closer to an agreement reached with its Seattle-area workers. However, Boeing’s top St. Louis executive, ...
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Asian shares choppy, dollar steady as traders await Powell speech

By Gregor Stuart Hunter SINGAPORE (Reuters) -Stocks in Asia edged higher in a shaky start on Friday as anxious traders awaited a speech from Federal Reserve Chair Jerome Powell at the annual Jackson Hole symposium. Financial markets are looking out for Powell to provide clues about ...
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How MLB’s upcoming deals will change how you watch out-of-market, Sunday night and Wild Card games

When ESPN opted out of its contract with Major League Baseball in February, the network was hoping to get a reworked package at a lower cost while Commissioner Rob Manfred thought the sport could optimize its rights in the short term for Home Run ...
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Exclusive-OpenAI’s chief people officer to depart, company says

By Anna Tong SAN FRANCISCO (Reuters) -OpenAI’s chief people officer, Julia Villagra, is leaving the company ON Friday, the company told Reuters on Thursday. In March, OpenAI CEO Sam Altman announced that Villagra had been promoted to the chief people officer role. (Reporting by Anna Tong ...
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Mexico to return capital flight slots to US airlines, United says

MEXICO CITY (Reuters) -Mexican officials informed several U.S. airlines in an August 18 call that slots that had been cut at Mexico City’s main airport will be returned to them, United Airlines said in a filing made public on Thursday. Mexico’s transportation ministry did not ...
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Trump administration not eyeing equity in companies that are increasing US investment, WSJ reports

(Reuters) -The Trump administration is considering taking equity stakes in companies receiving funds from the 2022 CHIPS Act but has no plans to seek shares in bigger semiconductor firms that are increasing their U.S. investments, the Wall Street Journal reported on Thursday, citing a ...
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Mexican fast-food chain Guzman Y Gomez’s annual profit beats estimates

(Reuters) -Mexican fast-food chain Guzman Y Gomez (GYG) reported a better-than-expected annual net profit and declared its first-ever dividend on Friday, driven by solid sales of its popular breakfast menu across key markets, particularly in Australia. The Australia-based company’s annual net profit after tax ...
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NZ business will get used to global uncertainty, RBNZ economist says

By Lucy Craymer WELLINGTON (Reuters) -The hit to New Zealand confidence caused by global uncertainty will fade as businesses get used to a time of heightened economic policy unpredictability, the chief economist at the country’s central bank said on Friday. Paul Conway, chief economist at the ...
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South Korea turns to culture in search of next fillip for growth

By Jihoon Lee SEOUL (Reuters) -South Korean entertainment companies riding the Korean Wave, or Hallyu, are scrambling to widen their global reach as Asia’s fourth-largest economy bets on cultural exports at a time of growing protectionist barriers for traditional manufacturers. Although growing fast from a ...
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Meta signs $10 billion-plus cloud deal with Google, The Information reports

(Reuters) -Google has struck a major cloud computing deal worth more than $10 billion with Meta Platforms, The Information reported on Thursday, citing two people familiar with the matter. Under the agreement, Meta will use Google Cloud’s servers, storage, networking and other services, the ...
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Workday’s forecast for quarterly subscription revenue disappoints

(Reuters) -Workday raised its annual subscription revenue forecast on Thursday, but an in-line outlook for the current quarter sent the human resources software provider’s shares down nearly 4% in extended trading. Workday’s customers rely on the company’s single cloud-based platform, which provide applications to manage ...
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