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☆ Hawaiian Electric Starts Rolling Outages Due to Loss of Generators
▼ + stars: | 2024-02-14 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +1 min

(Reuters) -Utility firm Hawaiian Electric said on Tuesday it had begun rolling outages on Hawaii Island due to the unavailability and reduced output from several large generators. The Honolulu-based power company said its largest generator, Hamakua Energy, unexpectedly tripped offline late Tuesday afternoon and Puna Geothermal Venture was operating at a reduced capacity. Hawaiian Electric added one of its combustion turbines had tripped offline on Tuesday evening on the island, which contains the towns of Hilo and Kona. 5, Keahole CT-5, and Puna Steam Plant also are unavailable due to planned annual maintenance or repairs. Hawaiian Electric said the timing and extent of the outages would depend on the amount of demand on the system and the availability of generators.

Persons: Keahole, Gursimran Kaur, Brijesh Patel, Janane Venkatraman, Jamie Freed Organizations: Reuters, Electric, Energy, Geothermal Venture, Puna Steam Locations: Hawaii, Honolulu, Hilo, Kona, Puna, Maui, Bengaluru

☆ Gold scales 6-month peak on softer dollar, Fed pause bets
▼ + stars: | 2023-11-27 | by ( Harshit Verma | ) www.reuters.com time to read: +2 min

Spot gold was up 0.5% at $2,010.99 per ounce by 0758 GMT, after hitting its highest since May 16. U.S. gold futures rose 0.4% to $2,011.70. Reuters Graphics"What's moving gold at the moment is the lower U.S. dollar because of the recent soft data," said Kyle Rodda, a financial market analyst at Capital.com. The dollar index (.DXY) edged down 0.1% against its rivals, not far from a more than two-month low level touched last week, making gold less expensive for other currency holders. Recent data showing signs of slowing inflation in the U.S. has boosted expectations that the Fed could begin easing monetary conditions sooner than expected.

Persons: Alexander Manzyuk, Kyle Rodda, Rodda, CME's, Wang Tao, Harshit Verma, Janane Venkatraman, Sherry Jacob, Phillips Organizations: REUTERS, U.S, PCE, Federal, Reuters, Fed, Traders, Thomson Locations: Novosibirsk, Siberian, Russia, U.S, Bengaluru

☆ BP enters Japan's power retail market
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

The logo of British multinational oil and gas company BP is displayed at their booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo Acquire Licensing RightsCompanies Bp Plc FollowTOKYO, Nov 27 (Reuters) - BP (BP.L) said on Monday it has entered Japan's power market after receiving approval from the industry ministry to operate as a retail electricity provider. BP Energy Japan (BPEJ), part of BP's trading and shipping division, will operate the new business, according to the statement. Further details of the company's business plan were not immediately available. Reporting by Yuka Obayashi; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

Persons: Chris Helgren, Yuka Obayashi, Janane Organizations: BP, REUTERS, Rights, BP Energy Japan, Thomson Locations: Vancouver , British Columbia, Canada, Japan

☆ Stocks to outperform fixed income in 2024, says Barclays
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Caitlin Ochs/File Photo Acquire Licensing RightsNov 16 (Reuters) - Global equities are set to outperform core fixed-income assets next year, as threats of a global economic slowdown have declined, Barclays strategists said in a note on Thursday. We think stocks will benefit from a fairly benign bottom to this business cycle and look through near-term earnings disappointments," said Ajay Rajadhyaksha, global chairman of research at Barclays. "We now turn overweight (on) global equities over core fixed income." Barclays expects mid-to-high single-digit equity returns in both the U.S. and Europe next year, even as bond yields stay elevated. JP Morgan had recommended commodities over stocks and bonds.

Persons: Caitlin Ochs, Ajay Rajadhyaksha, Goldman Sachs, J.P.Morgan, JP Morgan, Roshan Abraham, Susan Mathew, Janane Organizations: New York Stock Exchange, REUTERS, Barclays, Treasury, U.S, Thomson Locations: New York City, U.S, Europe, Bengaluru

REUTERS/Dado Ruvic/File Photo Acquire Licensing RightsBENGALURU, Nov 9 (Reuters) - Wipro (WIPR.NS) may skip giving hikes to "top performers with higher compensation" in its largest business line in the upcoming round of salary revisions in December, according to an internal memo seen by Reuters. Wipro will prioritise employees with lower compensation among those eligible for a raise, Bandaru highlighted, adding that "top performers with higher compensation may not be covered in this cycle". Wipro, which had 244,707 employees as of Sept. 30, had already delayed its salary hike cycle. Some industry watchers said the move echoed a larger trend in the tech industry as it tried to address pay inequities among regions and cut payroll costs. While Infosys (INFY.NS) delayed giving hikes by two quarters, HCL (HCLT.NS) skipped hikes for managers.

Persons: Dado, Peter Bendor, Samuel, Ray Wang, Sai Ishwarbharath, Haripriya Suresh, Dhanya Skariachan Organizations: Wipro, REUTERS, Rights, Reuters, Employees, Wipro Enterprise, Everest Group, ”, Infosys, HCL, Thomson Locations: Bengaluru

☆ Singapore Airlines posts record half-year profit as air travel demand soars
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

A Singapore Airlines plane is seen among the planes in the static display at the Singapore Airshow in Singapore, February 16, 2022. "The robust demand for air travel continued into the Northern Summer travel season, led by the rebound in passenger traffic to North Asia with the full reopening of China, Hong Kong SAR, Japan, and Taiwan," the airline said in a statement. Singapore Airlines and its budget arm, Scoot, carried around 17.4 million passengers during the half-year, an increase of 52.3% year-on-year. The firm also intends to redeem 50% of the zero-coupon mandatory convertible bonds (MCBs) that it issued in June 2021 to support its balance sheet amid an almost total shutdown of air travel during the pandemic. ($1 = 1.3543 Singapore dollars)Reporting by Rishav Chatterjee and Nausheen Thusoo in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

Persons: Caroline Chia, Rishav Chatterjee, Nausheen, Janane Organizations: Singapore Airlines, Singapore, REUTERS, Companies, India, Air India, India's Tata Group, Thomson Locations: Singapore, Asia, North Asia, China , Hong Kong SAR, Japan, Taiwan, Bengaluru

☆ India's Apollo Tyres beats Q2 profit view on higher auto sales
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Nov 7 (Reuters) - Indian tyre maker Apollo Tyres Ltd. (APLO.NS) reported a better-than-expected second-quarter profit on Tuesday, boosted by higher auto sales and lower input costs. Consolidated profit more than doubled to 4.74 billion rupees ($56.94 million) for the quarter ended Sept. 30 from 1.79 billion rupees a year earlier. Analysts, on average, had expected a profit of almost 4.33 billion rupees, according to LSEG data. Revenue from operations rose over 5% to 62.8 billion rupees, with revenue in the APMEA (Asia Pacific, Middle East and Africa) segment, the largest contributor to revenue, rising 4.5% to 44.73 billion rupees. Apollo peers MRF Tyres (MRF.NS) and Goodyear India (GDYR.NS) also logged profit jumps on the back of higher demand and easing costs.

Persons: MRF, Meenakshi Maidas, Janane Organizations: Apollo Tyres Ltd, Consolidated, of Automobile Dealers Association, Goodyear, Apollo Tyres, Thomson Locations: BENGALURU, Asia, Middle East, Africa, Goodyear India, Bengaluru

☆ Rare-earths miner Lynas jumps as Malaysia allows key plant extension
▼ + stars: | 2023-10-25 | by ( Rishav Chatterjee | ) www.reuters.com time to read: +2 min

A small toy figure and mineral imitation are seen in front of the Lynas Rare Earths logo in this illustration taken November 19, 2021. The licence extension comes despite concerns raised in recent years by Malaysia regarding radiation levels from the cracking and leaching operations during raw material processing. Science and technology minister Chang Lih Kang said Lynas will be allowed to import radioactive material and continue processing rare earths, provided the firm carries out thorium extraction to remove radioactive waste. The brokerage also lifted its price target on the biggest rare earths miner outside of China by 3% to A$7.70 and upgraded the earnings outlook for a near-term period. Lynas' Malaysia refinery, its first outside China, has been embroiled in a radiation dispute at the plant with Lynas challenging an earlier ruling that would have halted operations.

Persons: Dado Ruvic, Chang Lih Kang, Lynas, Rishav Chatterjee, Janane Organizations: REUTERS, Lynas, Macquarie, Malaysian, Thomson Locations: Malaysia, Lynas Malaysia, Pahang, China, Western Australia, Bengaluru

☆ Telenor tops Q3 profit expectations, narrows 2023 outlook
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsOSLO, Oct 25 (Reuters) - Norwegian telecoms operator Telenor (TEL.OL) on Wednesday reported third-quarter earnings above expectations, supported by growing mobile service revenue and lower energy prices in the Nordics, and narrowed its full-year projections. Telenor's Nordics service revenue grew 4% and EBITDA by 8% in the quarter. Similarly, it expects EBITDA to grow by 3-4% this year, which earlier was also seen at "low-to-mid single-digit growth". Telenor reiterated it expects capital expenditure in the Nordics to be around 17% of revenues for the period. ($1 = 11.1481 Norwegian crowns)Reporting by Victoria Klesty; Editing by Terje Solsvik and Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Sigve Brekke, Telenor's, Victoria Klesty, Terje Solsvik Organizations: Telenor, REUTERS, Rights, Thomson Locations: Rights OSLO, Norwegian, Asia, Nordic, Malaysia, Thailand

☆ Commodity-linked stocks drag FTSE 100 lower, Indivior lifts midcaps
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Toby Melville/File photo Acquire Licensing RightsSummaryCompanies FTSE 100 off 0.1%, FTSE 250 adds 0.1%Oct 23 (Reuters) - The UK's FTSE 100 slipped on Monday as rising government bond yields and losses in commodity-linked stocks kept equities under pressure, while Indivior shares boosted the midcap index on a lawsuit settlement. The commodity-focused FTSE 100 (.FTSE) was down 0.1% as of 7:08 GMT, while the mid-cap FTSE 250 (.FTMC) edged 0.1% higher. Precious metal miners (.FTNMX551030) lost 1.0% after gold prices slipped as U.S. dollar and Treasury yields strengthened. Indivior (INDV.L) shares added 7.0% after the drugmaker said it would pay $385 million to settle a lawsuit. Investors will be on the lookout for a slew of banks reporting results throughout the week with major lender Barclays (BARC.L) scheduled to post results on Tuesday.

Persons: Toby Melville, Khushi Singh, Janane Organizations: London Stock Exchange, REUTERS, FTSE, Treasury, pharma, Barclays, Meta, Microsoft, Thomson Locations: Canary Wharf, London, Britain, Israel, Bengaluru

☆ Tesla to recall nearly 55,000 Model X vehicles, auto regulator says
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +1 min

The logo of car manufacturer Tesla is seen at a dealership in London, Britain, May 14, 2021. REUTERS/Matthew Childs/File Photo Acquire Licensing RightsCompanies Tesla Inc FollowOct 17 (Reuters) - The U.S. auto regulator on Tuesday said Tesla (TSLA.O) will recall 54,676 Model X vehicles manufactured between 2021-2023, as the vehicle controller is likely to fail to detect low brake fluid and not display a warning light. Tesla has released an over-the-air (OTA) software update, free of charge, to fix the issue, the National Highway Traffic Safety Administration (NHTSA) said. The electric vehicle maker is not aware of any crashes, injuries or deaths that may be related to this condition as of Oct. 10, the regulator added. In August, NHTSA opened an investigation into 280,000 new Tesla Model 3 and Model Y vehicles over reports of loss of steering control and power steering.

Persons: Matthew Childs, Tesla, Jahnavi, Janane Venkatraman Organizations: REUTERS, Traffic Safety Administration, Reuters, NHTSA, Tesla, Thomson Locations: London, Britain, U.S, Bengaluru

☆ Virgin Australia's IPO executive David Marr resigns
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: 1 min

Aircraft from Australia's second largest airline, Virgin Australia, sit on the tarmac at the domestic terminal of Sydney Airport in Australia, August 19, 2018. Picture taken August 19, 2018. REUTERS/David Gray/File Photo Acquire Licensing RightsOct 17 (Reuters) - Bain Capital-owned Virgin Australia (IPO-VIR.AX) on Tuesday said its Chief Development Officer David Marr, who was assigned to lead the airline's plans for an eventual initial public offering (IPO), has stepped down from his role. "A significant amount of this work is now complete and while we are committed to an IPO as soon as practicable, the timing of an actual listing is dependent on capital markets conditions," the airline said in an emailed response to Reuters. Reporting by Poonam Behura in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

Persons: David Gray, David Marr, Poonam, Janane Organizations: Virgin, Sydney Airport, REUTERS, Bain Capital, Virgin Australia, Reuters, Thomson Locations: Australia's, Virgin Australia, Australia, Bengaluru

☆ India's forex reserves drop for 5th week; fall to over 5-month low
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +1 min

The RBI's stranglehold on the rupee via its persistent forex market intervention has kept volatility in the Indian unit low over the last few sessions. Apart from the central bank move, changes in foreign currency assets - expressed in dollar terms - also include the effects of appreciation or depreciation of other currencies held in the RBI's reserves. Foreign exchange reserves include India's Reserve Tranche position in the International Monetary Fund. For the week the forex reserves data pertains, the rupee had fallen 0.1% against the dollar and traded in the 83.1650-83.2650 range. FOREIGN EXCHANGE RESERVES (in million U.S. dollars)Source text: (https://bityl.co/LhHj)Reporting by Siddhi Nayak; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

Persons: Thomas White, Siddhi Nayak, Janane Organizations: REUTERS, Rights, Reserve Bank of India, International Monetary Fund, Siddhi, Thomson Locations: India, Rights MUMBAI

☆ India's TCS skids on demand recovery worries after Q2 revenue miss
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +2 min

[1/2] Figurines with computers and smartphones are seen in front of Tata Consultancy Services logo in this illustration, July 24, 2022. The poor results and commentary from India's largest IT services provider took the shine off TCS' $2 billion share buyback announcement, and also slammed shares of peers. TCS' revenue rose 7.9% to 596.92 billion rupees ($7.18 billion) in the September quarter, it said after market hours on Wednesday, but fell short of the analysts' estimates of 602.44 billion rupees. In the post-earnings press conference, TCS also hinted that there was no clear picture of when discretionary spends will return. TCS shares are currently down 1.5%, bringing year-to-date gains to 11.4%, compared with the IT index's 13% rise this year.

Persons: Dado Ruvic, Jefferies, Nomura, Ashna Teresa Britto, Janane Organizations: Tata Consultancy Services, REUTERS, Rights, India's Tata Consultancy Services, Infosys, TCS, Thomson

☆ India's TCS reports marginal Q2 profit beat, approves $2 bln share buyback
▼ + stars: | 2023-10-11 | by ( Sethuraman N R | ) www.reuters.com time to read: +1 min

Figurines with computers and smartphones are seen in front of Tata Consultanct Services logo in this illustration, July 24, 2022. The company also approved share buyback worth 170 billion Indian rupees ($2.04 billion). Net profit rose 8.7% to 113.42 billion Indian rupees ($1.36 billion) in the three months ended Sept. 30 from 104.31 billion rupees a year earlier. Analysts, on average, had expected a profit of 113.17 billion rupees, according to LSEG data. TCS said its order book for the July-September period stood at $11.2 billion - higher than the $8.1 billion worth of deals it signed a year ago.

Persons: Dado Ruvic, Janane Organizations: Tata Consultanct Services, REUTERS, Rights, Tata Consultancy Services, TCS, Sethuraman NR, Thomson Locations: U.S, Europe, Bengaluru

☆ Shares of dialysis providers drop after Ozempic's early kidney trial success
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

The outdoor sign seen at the DaVita Dialysis clinic in Denver February 16, 2016. U.S.-listed shares of Fresenius fell 16.4%, to $17.5, and Davita fell about 16%, to $76.7, in premarket hours. Shares of U.S.-based Baxter International (BAX.N), which makes products used by dialysis therapy providers, also fell about 9%, to $33.99 premarket. Davita and U.S.-listed shares of Fresenius Medical are among the top percentage losers on the New York Stock Exchange. As of Tuesday's close, U.S.-listed shares of Fresenius were up about 28.2%, Davita's shares were up 22.2%, while Baxter's shares were down about 27% so far this year.

Persons: Rick Wilking, Ozempic, Danish drugmaker, Veronika Dubajova, Davita, Eli Lilly's, Akash Tewari, Fresenius, Mariam Sunny, Janane Venkatraman, Pooja Desai Organizations: REUTERS, Novo Nordisk's, Citi, Baxter, Jefferies, Fresenius, New York Stock Exchange ., Thomson Locations: Denver, Danish, Fresenius, New York Stock Exchange . Frankfurt, U.S, Bengaluru

☆ Indian IT firms set for "washout" year, focus now on 2025 - J.P.Morgan
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +2 min

Employees of Indian software company Infosys walk past Infosys logos at their campus in the Electronic City area in Bangalore September 4, 2012. REUTERS/Vivek Prakash/File Photo Acquire Licensing RightsBENGALURU, Oct 5 (Reuters) - J.P.Morgan analysts expect investors to parse upcoming second-quarter results and commentary from Indian IT companies for signs of recovery in deal signings in fiscal 2025 following a "washout" year. The focus for this quarter's earnings reports will be on deal signings as well as the split of new deals versus renewals to assess fiscal 2025 growth, the analysts said. J.P.Morgan expects high single-digit earnings growth, in percentage terms, for large-cap IT companies in fiscal 2025, while market expectations are for double-digit growth. Nonetheless, J.P.Morgan upgraded Infosys (INFY.NS) to "neutral" from "underweight" saying lower expectations were baked in and its large deal wins give visibility into fiscal 2025.

Persons: Vivek Prakash, Ankur Rudra, Bhavik Mehta, Rudra, Mehta, Navamya Ganesh, Savio D'Souza, Janane Organizations: Indian, Infosys, REUTERS, Rights, TCS, Wipro, J.P.Morgan, Thomson Locations: Electronic, Bangalore, Indian, Bengaluru

☆ Indian shares likely to open lower on extended global weakness
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +2 min

The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023. REUTERS/Francis Mascarenhas/file photo Acquire Licensing RightsBENGALURU, Sept 28 (Reuters) - Indian shares are expected to open lower on Thursday, tracking global markets, as worries over higher interest rates and surging crude prices weighed. Domestic investors will also focus on surging crude prices, which rose 3% overnight. Higher oil prices will negatively impact India, the world's third-largest importer, which is also reeling under lower-than-expected monsoon rains. FIIs sold 3.54 billion rupees ($42.53 million) of shares, while domestic investors bought 3.86 billion rupees shares on Wednesday, provisional exchange data showed.

Persons: Francis Mascarenhas, FIIs, Janane Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, Exchange, BSE, Treasury, Dixon Technologies, Sethuraman NR, Thomson Locations: Mumbai, India, Skyserve, Bengaluru

☆ Not much exciting about Aussie banks as high costs pressure earnings - Macquarie
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +2 min

Australia's "Big Four" banks - among the top seven listed companies in the country - control 75% of the country's A$2 trillion mortgage market. That euphoria is now largely over as high living costs impact borrowers' capacity to repay loans. Macquarie, an investment bank with a small retail banking operation, said banks' cost bases are likely to remain under pressure as more than 70% of their expenses related to personnel. Macquarie added that it expects banks' expenses to grow by around 1% to 7% in fiscal 2023 through to fiscal 2025, with third-biggest lender Westpac Banking Corp (WBC.AX) seen being impacted more than its peers. The regional banks will remain disadvantaged in the current environment as they will have to continue to invest to keep up, Macquarie said, estimating up to 4% higher expenses than consensus.

Persons: Macquarie, Sameer Manekar, Janane Organizations: Macquarie, Westpac Banking Corp, ANZ Group Holdings, CBA, NAB, Adelaide Bank, Bank of Queensland, Thomson Locations: Bendigo, Bengaluru

☆ Australia fines lender NAB $1.4 mln for wrongfully charging fees
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +2 min

The National Australia Bank Logo is seen on a branch in central Sydney, Australia, February 8, 2018. REUTERS/Daniel Munoz/File Photo Acquire Licensing RightsCompanies National Australia Bank Ltd FollowSept 22 (Reuters) - The Australian Federal Court has fined the country's second-biggest lender National Australia Bank (NAB) <NAB.AX> a penalty of A$2.1 million ($1.4 million) for wrongfully charging customers periodic payment fees, the securities regulator said on Friday. Between January 2017 and July 2018, National Australia Bank continued to charge its customers periodic payment fees for transferring money despite knowing it had no contractual entitlement to do so, the Australian Securities & Investments Commission (ASIC) said. The bank wrongfully charged 2,888 personal banking customers and 513 business clients payment fees totalling A$139,845 on 74,593 occasions, the regulator added. Shares of NAB were trading 0.7% lower as of 0221 GMT after declining as much as 1.3% earlier in the day.

Persons: Daniel Munoz, Sarah Court, Sameer Manekar, Ayushman, Janane Venkatraman, Dhanya Ann Thoppil Organizations: National, REUTERS, National Australia Bank, Australian Federal Court, Australia Bank, Australian Securities & Investments Commission, NAB, Reuters, Royal Commission, Thomson Locations: Sydney, Australia, Bengaluru

☆ Not much exciting about Aussie banks as high costs pressure earnings, Macquarie says
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +2 min

Persons: Loren Elliott, Macquarie, Sameer Manekar, Janane Organizations: Central Business, REUTERS, Macquarie, Westpac Banking Corp, ANZ Group Holdings, CBA, NAB, Adelaide Bank, Bank of Queensland, Thomson Locations: Sydney, Australia, Bendigo, Bengaluru

☆ Australia fines lender NAB $1.4 million for wrongfully charging fees
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +2 min

The National Australia Bank Logo is seen on a branch in central Sydney, Australia, February 8, 2018. REUTERS/Daniel Munoz/File Photo Acquire Licensing RightsCompanies National Australia Bank Ltd FollowSept 22 (Reuters) - The Australian Federal Court has fined the country's second-biggest lender National Australia Bank (NAB) <NAB.AX> a penalty of A$2.1 million ($1.4 million) for wrongfully charging customers periodic payment fees, the securities regulator said on Friday. Between January 2017 and July 2018, National Australia Bank continued to charge its customers periodic payment fees for transferring money despite knowing it had no contractual entitlement to do so, the Australian Securities & Investments Commission (ASIC) said. The bank wrongfully charged 2,888 personal banking customers and 513 business clients payment fees totalling A$139,845 on 74,593 occasions, the regulator added. NAB in an email to Reuters acknowledged "some customers were incorrectly charged for periodical payment fees several years ago," adding that it had completed a remediation program and repaid more than A$8.3 million to affected customers.

☆ India shares close at two-week low as hawkish Fed spooks investors
▼ + stars: | 2023-09-21 | by ( Sethuraman N R | ) www.reuters.com time to read: +2 min

The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023. Both the indexes fell for a third straight session on Thursday, losing as much as 1%. The Fed on Wednesday held key interest rates unchanged as widely expected, but warned that the battle against inflation was far from over. Higher interest rates dry up liquidity from the markets, increasing the cost of capital. The small-cap and mid-cap stocks fell 1.3% and 0.9% on Thursday, respectively.

Persons: Francis Mascarenhas, Siddhartha Khemka, Janane Organizations: Bombay Stock Exchange, REUTERS, Rights, U.S . Federal Reserve, BSE, Motilal Oswal Financial Services, Fed, . Banking, Sethuraman NR, Thomson Locations: Mumbai, India, Bengaluru

Omar Abbosh, chief strategy officer at Accenture, speaks during the annual Cyberweek conference at Tel Aviv University, Israel June 20, 2016. Abbosh, 57, will take over the reins early in 2024 from Bird, 59, whose strategy of selling directly to consumers helped Pearson out of a tumultuous few years during the pandemic. Shares in Pearson were down 5.2% at 838 pence in morning trading in London. Bird sought to sharpen Pearson's focus to selling directly to consumers and away from traditional educational outlets as the pandemic boosted demand for online learning. Pearson would compensate Abbosh for leaving Microsoft, including cash and an award of restricted shares equivalent to a maximum of 50,813 Microsoft shares or about 13 million pounds ($16.06 million) at the current price and foreign exchange rates, it said.

Persons: Omar Abbosh, Amir Cohen, Bird, Pearson, Andy Bird, Abbosh, it’s, Hargreaves, Sophie Lund, Yates, Yadarisa Shabong, Eva Mathews, Janane Venkatraman, Jason Neely, Bernadette Baum Organizations: Accenture, Tel Aviv University, Israel, REUTERS, Microsoft, Pearson, Apollo, Microsoft's Industry Solutions, Walt Disney Co, British, Thomson Locations: Abbosh, Bird, London, Bengaluru

☆ Bankrupt drugmaker Mallinckrodt considers sale of opioid business - WSJ
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +2 min

Bottles of prescription painkillers Oxycodone Hydrochloride, 30mg pills, made by Mallinckrodt sit on a counter at a local pharmacy, in Provo, Utah, U.S., April 25, 2017. REUTERS/George Frey/File Photo Acquire Licensing RightsSept 18 (Reuters) - Bankrupt drugmaker Mallinckrodt is in talks with major investors about selling some or all of its business units, which could lead to its exit from the opioid business, the Wall Street Journal reported on Monday, citing people familiar with the discussions. Some investors, poised to take control through the company's ongoing bankruptcy proceedings, are suggesting Mallinckrodt break up its business units, the report said. Mallinckrodt did not immediately respond to a Reuters request for comment. Reporting by Akanksha Khushi and Jyoti Narayan in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

Persons: Mallinckrodt, George Frey, Akanksha Khushi, Jyoti Narayan, Janane Organizations: REUTERS, Wall Street, Securities and Exchange Commission, Attorney's, Western, of, U.S . Drug, Administration, Thomson Locations: Provo , Utah, U.S, Ireland, United States, of Virginia, Bengaluru

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