Business
Musk's X Corp appeals dismissal of lawsuit against anti-hate group
(Reuters) - Elon Musk's X appealed the dismissal of its lawsuit against the nonprofit Center for Countering Digital Hate, which faulted him for letting hate speech spread on the social media platform once known as Twitter. X filed a notice of ...
Australia's Lynas Rare Earths' Q3 sales revenue falls 58%
(Reuters) - Australia's Lynas Rare Earths posted a 58.3% drop in its third-quarter sales revenue on Wednesday, hurt by subdued prices for rare earths and increased output in China, a dominant producer, further weighing on demand. The world's ...
First Quantum Minerals cuts debt by over $1 billion in first quarter
(Reuters) - Canadian miner First Quantum Minerals said on Tuesday that it has cut its debt by $1.14 billion in the first quarter. The company in February had announced a series of capital restructuring measures that would strengthen its balance ...
US is reviewing risks of China's use of RISC-V chip technology
By Stephen Nellis (Reuters) - The U.S. Department of Commerce is reviewing the national security implications of China's work in open-source RISC-V chip technology, according to a letter sent to U.S. lawmakers. RISC-V, pronounced "risk five," ...
LME moves to stop gaming of Russian aluminium sanctions-based rule
LONDON (Reuters) - The London Metal Exchange (LME) moved on Tuesday to stop traders from taking Russian aluminium from its approved warehouses and returning it at a later date to profit from rule changes to comply with new sanctions. The U.S. and ...
Risk asset resilience, Indonesia's rate call
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets. Investors continue to breathe life back into risky assets, paving the way for a positive market open in Asia on Wednesday as attention in the region turns to the latest ...
FAA probes union claims Boeing retaliated against two engineers in 2022
By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration said Tuesday it is investigating a union's claims that Boeing retaliated against two employees who in 2022 insisted the planemaker re-evaluate prior engineering work on 777 ...
Senators hope TikTok will remain in business in US under new owner
By David Shepardson WASHINGTON (Reuters) - Two U.S. senators said they hope TikTok will remain in business in the U.S. under a new owner as the chamber prepared to vote on Tuesday on legislation requiring Chinese owner ByteDance to divest the ...
Baker Hughes beats profit estimates on international demand, raises dividend
(Reuters) -Oilfield services firm Baker Hughes beat analysts' estimates for first-quarter profit on higher international drilling demand and increased its dividend. Brent crude rose nearly 10% in the quarter on an average, prompting oil firms to ...
Seagate forecasts higher Q4 profit on boost from cloud customers
(Reuters) - Seagate Technology on Tuesday forecast fourth-quarter profit above Wall Street estimates after beating earnings estimates for the most recent quarter, driven by higher demand for its memory chips from cloud customers. Dublin, ...