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Kevin Hodges, a partner at law firm Williams & Connolly, was the first member of Amazon's defense team identified in a court document in the case. Amazon General Counsel David Zapolsky, a 24-year veteran of the company's legal department, can turn to a stable of top outside law firms that already represent it. Thomas Barnett, co-chair of the firm’s antitrust practice and a former senior Justice Department official, was involved in the effort. A Covington spokesperson did not respond to a request for comment on whether the firm is defending Amazon in the FTC antitrust case. Amazon has also turned to U.S. law firm Paul, Weiss, Rifkind, Wharton & Garrison to navigate government scrutiny.

Persons: Jim Vondruska, Kevin Hodges, Williams, Connolly, Hodges, John Schmidtlein, David Zapolsky, Lina Khan, Thomas Barnett, Covington, Paul, Weiss, Garrison, Paul Weiss, Andrew Goudsward, Mike Scarcella, David Bario, Matthew Lewis Organizations: Amazon Logistics, REUTERS, U.S . Federal Trade, Amazon.com, Amazon, Williams, U.S . Justice, Microsoft, BP, Big Tech, Alphabet's, Google, FTC, Burling, Department, D.C, Covington, Thomson Locations: Chicago . Illinois, U.S, WASHINGTON, Washington, Mexico, Covington, Rifkind, Wharton

☆ FTC to file antitrust case against Amazon as soon as Tuesday - Politico
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +1 min

The logo of Amazon is seen, November 15, 2022. REUTERS/Pascal Rossignol/File Photo Acquire Licensing RightsCompanies Amazon.com Inc FollowSept 22 (Reuters) - The Federal Trade Commission (FTC) will file a long-awaited antitrust lawsuit against Amazon (AMZN.O) in federal court as soon as Tuesday, news site Politico reported on Friday, citing three people with knowledge of the matter. One of the final hurdles before the FTC sues Amazon is to get as many states as possible to sign on to the complaint, according to the report. FTC chairperson Lina Khan authored a Yale Law Journal article in 2017, in which she said Amazon's structure and practices posed anticompetitive concerns and has escaped antitrust scrutiny. Reporting by Urvi Dugar and Yuvraj Malik in Bengaluru; Editing by Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.

Persons: Pascal, Lina Khan, Urvi Dugar, Yuvraj Malik, Shilpi Majumdar Organizations: REUTERS, Federal Trade Commission, Amazon, Politico, FTC, Reuters, Yale, Thomson Locations: Bengaluru

Effective Oct. 1, Amazon was planning to impose a new 2% fee on every sale by third-party sellers that ship their products themselves, according to media reports in August. "After careful consideration, we've made the decision not to implement this program fee to ensure seller sentiment related to the fee does not impact program participation," an Amazon spokesperson told Reuters. The reversal in Amazon's plans comes when the company is facing a potential lawsuit from the U.S. Federal Trade Commission. The FTC is expected to file a lawsuit against Amazon later this month after the company did not offer concessions to settle antitrust claims, the Wall Street Journal reported. Amazon has been criticized for allegedly favoring its own products over those from outside sellers on its platform.

Persons: we've, Trump, Deborah Sophia, Pooja Desai Organizations: Amazon, Reuters, U.S . Federal Trade Commission, Bloomberg, FTC, Wall Street Journal, Thomson Locations: Bengaluru

The move suggests the company is taking a more cautious approach to how much money it can charge online sellers, the Bloomberg report said. Effective Oct. 1, Amazon was planning to impose a new 2% fee on every sale by third-party sellers that ship their products themselves, according to media reports in August. The FTC is expected to file a lawsuit against Amazon later this month after the company did not offer concessions to settle antitrust claims, the Wall Street Journal reported. The FTC began probing the company during the Trump administration, when it also launched investigations into other tech majors. Amazon has been criticized for allegedly favoring its own products over those from outside sellers on its platform.

Persons: Pascal Rossignol, Trump, Deborah Sophia, Pooja Desai Organizations: REUTERS, Bloomberg, U.S . Federal Trade Commission, FTC, Amazon, Wall Street Journal, Thomson Locations: Bengaluru

☆ Amazon plays catch-up with Alexa generative AI, shows off new, refreshed hardware
▼ + stars: | 2023-09-20 | by ( Greg Bensinger | Thomson Reuters | Greg Bensinger Joined Reuters As A Technology Correspondent In Focusing On The World'S Largest Technology Companies. He Was Previously A Member Of The New York Times Editorial Board | ) www.reuters.com time to read: +2 min

It will also be able to compose and recite poems, Amazon showed at the company's annual product launch in Arlington, Virginia. At the event, Amazon also introduced refreshed versions of children's Fire tablets, a soundbar for televisions and new search capabilities on the FireTV service to find free content. Among the new devices Amazon announced is the $180 Echo Hub wall-mounted touchscreen for controlling gadgets throughout the home. Amazon also showed off a new feature for its Alexa app that can map out internet-connected devices throughout a user's home for easier control. Additional announcements included updates to the Echo Frames eyeglasses, with Alexa embedded, and refreshed versions of its Blink outdoor security cameras and Eero Wi-Fi extenders.

Persons: Bard, Alexa, longform, Dave Limp, Limp, Eero, Greg Bensinger, Richard Chang Organizations: Amazon.com Inc, Wednesday, Amazon, Reuters, Alexa, Thomson Locations: Arlington , Virginia, Seattle

☆ Amazon gives Alexa an AI facelift as it launches new smart speakers
▼ + stars: | 2023-09-20 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Amazon introduced a "smarter and more conversational" version of its Alexa voice assistant that the company hopes will bolster its position in the tech industry's artificial intelligence race. In his final keynote address at the event on Wednesday, Amazon's devices chief Dave Limp showed off a demo of an updated Alexa that's freshly equipped with features powered by generative AI. From an event space at its new second headquarters in northern Virginia, Amazon showed a montage in which Alexa users were seen asking an Echo smart speaker for information such as the "best dates to travel to Puerto Rico." Similar to ChatGPT or other generative AI applications, Alexa will be able to compose messages for users and send them on their behalf. As an example, Amazon showed an invitation that Alexa wrote to a friend, asking the person to come over for a football game.

Persons: Dave Limp, Limp, Alexa Organizations: Amazon.com Inc, Amazon Devices, Amazon, Alexa, Echo Locations: Arlington , Virginia, Virginia, Puerto Rico

☆ Ecuador nature reserve will take years to recover after oil exit-minister
▼ + stars: | 2023-09-19 | by ( Alexandra Valencia | ) www.reuters.com time to read: +2 min

[1/4] A pipeline of state-owned Petroecuador is pictured as Ecuador is preparing to shut down oil production in the Yasuni Amazon reserve, in Via Auca, Orellana province, Ecuador July 28, 2023. Ecuador is preparing to shut down block 43-ITT, which is operated by state-owned Petroecuador, after a majority of Ecuadoreans voted to close the project in August. While oil wells have been closed before, Ecuador has no experience in abandoning an entire block of this size, which includes three fields and about 230 operating wells, he said. Environmentalists and some communities nearby insist that prohibiting future oil operations and other extractive industries is the only way to take care of nature and curb climate change. While some groups have demanded the immediate cessation of operations at 43-ITT, Davalos said an orderly closure was necessary.

Persons: Karen Toro, Jose Davalos, Ecuadoreans, Guillermo Lasso, Davalos, Petroecuador, Alexandra Valencia, Chizu, Oliver Griffin Organizations: REUTERS, ITT, Reuters, Thomson Locations: Ecuador, Via Auca, Orellana province, QUITO

DuckDuckGo, Microsoft (MSFT.O) and Yahoo are among a long list of Google competitors who will be watching the trial closely. “It would be difficult to overstate the importance of this case, particularly for monopolies and companies with significant market share,” antitrust lawyer Luke Hasskamp told Reuters. The lawsuit that goes to trial was brought by former President Donald Trump's Justice Department. read moreJudge Mehta will decide if Google has broken antitrust law in this first trial, and, if so, what should be done. Reporting by Diane Bartz; additional reporting by Mike Scarcella; editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.

Persons: Toby Melville, DuckDuckGo, Kamyl Bazbaz, Luke Hasskamp, ”, Amit Mehta, Barack Obama, Donald Trump's, Joe Biden's, Mehta, Daniel McCuaig, Cohen Milstein, Diane Bartz, Mike Scarcella, Diane Craft Organizations: Google, REUTERS, U.S . Justice, Apple Inc, Mozilla, Microsoft, Yahoo, Big Tech, Facebook, Reuters, Apple, Twitter, Big, U.S, District of Columbia, Department, Android, U.S . Justice Department's Antitrust, Thomson Locations: London, Britain, WASHINGTON, United States, “

The logo of Amazon is seen on the company's logistics centre in Boves, near Amiens, France, April 8, 2022. The lawsuit will target the company's logistics program, Fulfillment by Amazon, pricing on its website by third-party sellers and will suggest "structural remedies" that could break the company up, the report said on Tuesday. Amazon and the regulator declined to comment when contacted by Reuters. Amazon has been criticized for allegedly favoring its own products and disfavoring outside sellers on its platform, among other allegations. Reporting by Akash Sriram in Bengaluru and Diane Bartz in Washington; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

Persons: Christian Hartmann, Donald Trump's, Lina Khan, Akash Sriram, Diane Bartz, Sriraj Organizations: REUTERS, U.S . Federal Trade, Amazon.com, Wall Street Journal, Reuters, Google, Apple, Yale, Amazon, Thomson Locations: Boves, Amiens, France, Bengaluru, Washington

☆ Exclusive: Arm signs up big tech firms for IPO at $50 bln-$55 bln valuation -sources
▼ + stars: | 2023-09-01 | by ( Echo Wang | Thomson Reuters | Echo Wang Is A Correspondent At Reuters Covering U.S. Equity Capital Markets | ) www.reuters.com time to read: +3 min

The talks are ongoing and some other potential investors are also in discussions to invest in the IPO, the sources added. SoftBank Group Corp (9984.T), which owns Britain-based Arm, is targeting a valuation between $50 billion and $55 billion, Reuters reported earlier on Friday. Arm's clients have agreed to invest in that valuation range, the sources said. Arm and SoftBank have set aside 10% of the shares to be sold in the IPO for its clients, Reuters has previously reported. The Wall Street Journal reported on Arm's valuation target earlier on Friday.

Persons: Dado Ruvic, SoftBank, Echo Wang, Anirban Sen, Rosalba O'Brien Organizations: REUTERS, Arm Holdings, Apple Inc, Nvidia Corp, Inc, Devices Inc, Intel Corp, Samsung Electronics Co, Cadence Design Systems, Synopsys Inc, SoftBank Group Corp, Reuters, Apple, Nvidia, Amazon.com Inc, AMD, Intel, Samsung, Cadence, Street, Thomson Locations: Britain, New York

☆ Exclusive: Arm signs up big tech firms for IPO at $50 billion-$55 billion valuation
▼ + stars: | 2023-09-01 | by ( Echo Wang | Thomson Reuters | Echo Wang Is A Correspondent At Reuters Covering U.S. Equity Capital Markets | ) www.reuters.com time to read: +3 min

☆ Amazon hardware chief Dave Limp is stepping down this year
▼ + stars: | 2023-08-14 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Limp regularly appeared at Amazon hardware events, which are typically held each fall but sometimes occur more than once a year, to announce new products. Amazon said Limp would remain in his role for the next few months and the company will announce his successor in the coming weeks. Amazon is set to unveil new products at its annual event Sept. 20, hosted at the company's Northern Virginia headquarters, known as HQ2. "It pains me to have to deliver this news as we know we will lose talented Amazonians from the Devices & Services org as a result." In January, Limp said Amazon remains "fully committed" to the Alexa unit despite the job cuts in the division.

Persons: David Limp, Amazon's, Limp, Andy Jassy, Jassy, —, Annie Palmer Organizations: Amazon.com Inc, Amazon, CNBC, Wall Street, Devices, Services Locations: Seattle, Virginia

If the negotiations lead to a deal, the Japanese tech investor would be delivering a major, immediate windfall to VF1 investors, including Saudi Arabia's Public Investment Fund and Abu Dhabi's Mubadala. A big windfall for VF1 investors could boost SoftBank's chances of tapping them for capital again in the future. VF1's investment committee and SoftBank's investment advisory board, attended by fund investor representatives, are handling the negotiations, one of the sources added. SoftBank, VF1 and Arm declined to comment. SoftBank, which took Arm private for $32 billion in 2016, sold a 25% stake in the company to VF1 for $8 billion in 2017.

Persons: Dado Ruvic, Abu Dhabi's Mubadala, Didi Global, VF1, SoftBank, Masayoshi Son, Raine, VF2, Son, Echo Wang, Anirban Sen, Greg Roumeliotis, Mark Porter Organizations: REUTERS, SoftBank Group Corp, Vision Fund, Nasdaq, Saudi Arabia's Public Investment Fund, WeWork Inc, Alibaba Group, HK, Deutsche Telekom, Mobile U.S, Amazon.com Inc, Reuters, Nvidia Corp, Thomson Locations: Arm, New York

☆ GQG Partners adds Nvidia, Amazon, Apple in Q2
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +1 min

A view of a Nvidia logo at their headquarters in Taipei, Taiwan May 31, 2023. REUTERS/Ann Wang/File PhotoNEW YORK, Aug 11 (Reuters) - Australia-listed investment firm GQG Partners added more shares of Nvidia Corp (NVDA.O) in the second quarter, ending June with $5.9 billion invested in the chipmaker, according to regulatory filings on Friday. Shares in Nvidia are up roughly 180% year to date and reached $1 trillion in market capitalization, amid excitement over advancements in artificial intelligence. GQG held 13.9 million shares of Nvidia at the end of June, or 5.7 million more than it did on March 31. Reporting by Carolina Mandl in New York, editing by Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

Persons: Ann Wang, Rajiv Jain, GQG, Carolina Mandl, Deepa Babington Organizations: REUTERS, GQG Partners, Nvidia Corp, Nvidia, Reuters, Amazon.com Inc, Apple Inc, Microsoft Corp, Carolina, Thomson Locations: Taipei, Taiwan, Australia, Fort Lauderdale , Florida, New York

☆ Amazon switches rockets for first test satellites to avoid launch delay
▼ + stars: | 2023-08-10 | by ( Joey Roulette | ) www.reuters.com time to read: +2 min

The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, November 15, 2022. Amazon last year announced plans to launch the satellite pair aboard the first flight of ULA's new Vulcan rocket, moving them off previously planned rockets from launch startup ABL Space to avoid delays in ABL's rocket development. But delays with Vulcan have prompted Amazon to again switch rides as the e-commerce giant faces a 2026 regulatory deadline to deploy half of the 3,200 satellites planned for its Kuiper internet network. ULA in 2021 stopped selling the Atlas V and has 19 more missions to fly before the rocket retires, ULA spokeswoman Jessica Rye said. It was unclear whether the Atlas V launch planned for September counts as one of the nine that Amazon previously procured.

Persons: Pascal, James Watkins, ULA, Jessica Rye, Joey Roulette, Leslie Adler, Aurora Ellis Organizations: REUTERS, Amazon.com Inc, Boeing, Lockheed, United Launch, Amazon, Vulcan, Elon Musk's SpaceX, Atlas V, NASA, Atlas, Thomson Locations: Lauwin, France, U.S, ULA

☆ Amazon switches rockets for first test satellites for sooner launch
▼ + stars: | 2023-08-07 | by ( ) www.reuters.com time to read: +1 min

The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, November 15, 2022. The company will launch the two satellites, the first in Amazon's Kuiper program to offer internet globally from space, aboard a dedicated Atlas V rocket from the Boeing-Lockheed (BA.N), (LMT.N) joint venture United Launch Alliance, spokesman James Watkins said. Amazon last year announced plans to launch the satellite pair aboard the first flight of ULA's new Vulcan rocket, moving them off previously planned rockets from launch startup ABL Space to avoid delays in ABL's rocket development. But delays with Vulcan have prompted Amazon to again switch rides. Reporting by Joey Roulette; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Pascal, James Watkins, ULA, Joey Roulette, Leslie Adler Organizations: REUTERS, Amazon.com Inc, Boeing, Lockheed, United Launch Alliance, Amazon, Vulcan, Thomson Locations: Lauwin, France

☆ Amazon switches rockets for first test satellites to expedite launch
▼ + stars: | 2023-08-07 | by ( ) www.cnbc.com time to read: +1 min

An artist's rendering of the Project Kuiper satellite processing facility in Florida. Amazon.com Inc plans to launch its first pair of prototype internet satellites late next month on a different rocket than previously planned, a spokesman said on Monday, again switching rides for the spacecraft to avoid mounting rocket delays. The company will launch the two satellites, the first in Amazon's Kuiper program to offer internet globally from space, aboard a dedicated Atlas V rocket from the Boeing -Lockheed , joint venture United Launch Alliance, spokesman James Watkins said. Amazon last year announced plans to launch the satellite pair aboard the first flight of ULA's new Vulcan rocket, moving them off previously planned rockets from launch startup ABL Space to avoid delays in ABL's rocket development. But delays with Vulcan have prompted Amazon to again switch rides.

Persons: James Watkins, ULA Organizations: Inc, Boeing, Lockheed, United Launch Alliance, Amazon, Vulcan Locations: Florida

☆ Two measures of global corporate health flash red
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +5 min

Moller-Maersk (MAERSKb.CO) lowered its estimate for global container trade this year as companies reduce inventories and higher interest rates and recession risks in Europe and the United States drag on global economic growth. The company, one of the world's biggest container shippers, said it expects container volumes to fall by as much as 4%. Maersk controls about one-sixth of global container trade, transporting goods for retailers and consumer companies such as Walmart (WMT.N), Nike (NKE.N) and Unilever (ULVR.L). The International Monetary Fund last week said that it expects global economic growth to slow this year, led by advanced economies even as food prices have come down and the March banking turmoil has been contained. It expects the global growth to slow to 3% this year and next, from 3.5% last year.

Persons: Jon Nazca, . Moller, Mark Read, Grey, Sophie Lund, Yates, Hargreaves Lansdown, Swift, David Jackson, Josephine Mason, Catherine Evans, Deepa Babington Organizations: Triple, Majestic, REUTERS, Maersk, WPP, Walmart, Nike, Unilever, Reuters, Ogilvy, Apple, Amazon.com Inc, Companies, Global, Nissan, Caterpillar, Monetary Fund, DHL Group, Thomson Locations: Strait, Gibraltar, Algeciras, Spain, U.S, Europe, United States, Beijing, slowdowns, China

☆ Two measures of corporate health flash red
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +4 min

Persons: Jon Nazca, . Moller, Mark Read, Grey, Sophie Lund, Yates, Hargreaves Lansdown, Josephine Mason, Catherine Evans Organizations: Triple, Majestic, REUTERS, Maersk, WPP, Walmart, Nike, Unilever, Reuters, Ogilvy, Apple, Amazon.com Inc, Companies, Global, Nissan, Caterpillar, Monetary Fund, DHL Group, Thomson Locations: Strait, Gibraltar, Algeciras, Spain, U.S, Europe, United States, Beijing, slowdowns, China

☆ Morning Bid: Markets drift ahead of payrolls test
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +2 min

Futures indicate European stocks are set for a higher open but whether they are able to hold on to the gains remains to be seen. Before the headline U.S. non-farm payroll report comes through later in the day, investor attention will be on construction PMI data from euro zone, UK and Germany. Sterling will also be in focus after getting whipsawed on Thursday after the Bank of England's modest rate hike. Investors have pinned hopes on stimulus and policy easing from Beijing to rev up the anaemic rebound in the world's second-biggest economy. Key developments that could influence markets on Friday:Economic events: UK July construction PMI, Italy June industrial production, Germany July construction PMI, Eurozone retail salesReporting by Ankur Banerjee; Editing by Sam HolmesOur Standards: The Thomson Reuters Trust Principles.

Persons: Ankur Banerjee, Sterling, Sam Holmes Organizations: Ankur, Bank of, Investors, Wall, Inc, Thomson Locations: Germany, China's, Beijing, Italy

And Amazon failed to ensure that injured employees received adequate treatment, the agency said. Separately on Thursday, a worker advocacy group said it had filed a complaint with OSHA on behalf of employees at an Amazon warehouse near St. Louis, Missouri. They claim the online retailer imposes excessive, unsafe work rates and that they were mistreated by Amazon's in-house medical staff. The company has said that it invests millions of dollars in worker safety and has cooperated with OSHA's nationwide investigation. Critics of Amazon have long accused the company of putting profit over safety by requiring employees to work at an unsafe pace and forgo breaks to meet demanding quotas.

Persons: Gonzalo Fuentes, Amazon's, unionize, Daniel Wiessner Organizations: Viva Technology, Porte de, REUTERS, Inc, U.S . Department, Safety, Health Administration, OSHA, Amazon, Thomson Locations: Porte, Paris, France, U.S, Logan Township , New Jersey, St, Louis , Missouri, New York City, Albany , New York

☆ Amazon stock rallies after blowout quarter
▼ + stars: | 2023-08-04 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +3 min

Amazon shares rallied 8% on Friday, a day after the company reported blowout second-quarter earnings and issued upbeat guidance. Amazon notched its biggest profit beat since 2020, boosted by CEO Andy Jassy's aggressive cost-cutting efforts. For the third quarter, Amazon said it expects sales of between $138 billion and $143 billion, topping consensus estimates of $138.25 billion, according to Refinitiv. Wall Street cheered the results, lauding the strong results for Amazon Web Services and improving retail margins. Morgan Stanley analysts characterized the shift as the "next retail flywheel" for Amazon.

Persons: Andy Jassy, Andy, Bernstein, Morgan Stanley, — CNBC's Michael Bloom, CFRA Organizations: Amazon.Com Inc, Amazon, Revenue, Analysts, Amazon Web Services, Amazon executives Locations: Seattle , Washington , U.S, Refinitiv, America

For the second quarter, Amazon's revenue grew 11% to $134.4 billion, beating estimates of $131.5 billion from analysts polled by Refinitiv. In recent months, Amazon Web Services (AWS) saw its sales growth slow as wary businesses scrutinized their cloud bills. The unit beat estimates of around $21.7 billion in second-quarter cloud sales, increasing them 12% to $22.1 billion. Its rivals posted bigger jumps off smaller bases: 28% growth in Alphabet's June-quarter cloud revenue and a 26% quarterly increase for Microsoft's Azure. Longer-term, Amazon aims to turn one unit, its $35 billion in yearly gross business-to-business e-commerce sales, into $100 billion, Jassy told analysts.

Persons: Pascal Rossignol, Brian Olsavsky, Olsavsky, Andy Jassy, Arun Sundaram, Sundaram, Jassy, Thomas Monteiro, Investing.com, Monteiro, Refinitiv, Chavi Mehta, Jeffrey Dastin, Noel Randewich, Arun Koyyur, Aurora Ellis, Chris Reese Organizations: REUTERS, Amazon.com Inc, Amazon, Google, Microsoft, Refinitiv, Amazon Web Services, CFRA Research, Reuters, Thomson Locations: Lauwin, France, Alphabet's, Bengaluru, Jeffrey Dastin San Francisco

☆ Amazon's outlook brightens on cloud, consumer sales lift
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +3 min

Facing an array of challenges, Amazon has aimed to keep its mantle as the world's biggest cloud provider and online retailer. Despite this, Amazon sped up revenue growth in the second quarter. Sales increased 11% to $134.4 billion, compared to estimates of $131.50 billion from analysts polled by Refinitiv. AWS beat estimates of around $21.7 billion in second-quarter cloud sales, increasing them 12% to $22.1 billion. The company forecast current-quarter net sales in the range of $138 billion and $143 billion.

Persons: Pascal Rossignol, Long, Andy Jassy, Refinitiv, Chavi Mehta, Arun Koyyur, Aurora Ellis Organizations: REUTERS, Amazon.com Inc, Google, Microsoft, Amazon, Refinitiv, Amazon Web Services, Thomson Locations: Lauwin, France, Bengaluru

☆ Asian shares hesitant after Wall Street sell-off, dollar buoyant
▼ + stars: | 2023-08-03 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

Both S&P 500 futures and Nasdaq futures added 0.2%, following a heavy wave of selling on Wall Street overnight. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) slipped 0.2%, having also suffered a colossal drop of 2.3% just a day earlier. U.S. 10-year yields hovered at 4.0856% in Asia, just a touch below a nine-month top of 4.1260% hit overnight. The risk-sensitive Australia dollar snapped a key support level to hover at $0.6532, just a touch above its 2023 low of $0.6459. Brent crude futures were up 0.2% at $83.33 per barrel and U.S. West Texas Intermediate crude futures rose 0.1% to $79.6.

Persons: Issei Kato, Fitch, Matt Simpson, nonfarm, Stella Qiu, Jacqueline Wong Organizations: REUTERS, Asia, Apple, Bank of, Nasdaq, Japan's Nikkei, Bank of Japan, Index, Inc, U.S, Bank of England, Brent, . West Texas, Thomson Locations: Tokyo, Japan, SYDNEY, Asia, Pacific, Brisbane, U.S

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