AMERS

Meta board approves personal security to outgoing executive Sheryl Sandberg

Sept 30 (Reuters) – Meta Platforms Inc (META.O) said on Friday its board had approved providing personal security services to former Chief Operating Officer Sheryl Sandberg, citing “continuing threats to her safety.” The company, however, did not elaborate on the threats that Sandberg, one of the most powerful women in Silicon Valley, faces. It expects …

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US consumer spending rebounds, but high inflation eroding demand

Consumer spending increased 0.4% in August Personal income rises 0.3%; saving rate steady at 3.5% Core PCE price index jumps 0.6%; up 4.9% year-on-year WASHINGTON, Sept 30 (Reuters) – US consumer spending increased more than expected in August, but aggressive interest rate hikes from the Federal Reserve as it stubbornly high inflation are slowing demand, …

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Barclays hit by $361 million US penalty for ‘staggering’ blunder

Sept 30 (Reuters) – British lender Barclays (BARC.L) agreed a $361 million penalty with US regulators on Thursday for “staggering” failures that led it to oversell $17.7 billion of structured products, racking up further costs for an error that has blighted CEO CS Venkatakrishnan’s first year in charge. Barclays shares rose 2% in early trading …

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INDIA STOCKS Indian shares little changed after RBI rate hike

BENGALURU, Sept 30 (Reuters) – Indian shares on Friday were mostly unchanged after the country’s central bank hiked its key policy rate, as expected, to tackle persistently high inflation. The NSE Nifty 50 index (.NSEI) was flat at 16,813.30, as of 0441 GMT, and the S&P BSE Sensex (.BSESN) was unchanged at 56,443.68. They were …

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Quebec premier: Adding immigrants who do not speak French would be ‘suicidal’

TORONTO, Sept 28 (Reuters) – Quebec Premier Francois Legault, who is favored to win next week’s provincial election, said on Wednesday it would be “suicidal” for the mainly French-speaking province to add immigrants without ensuring they speak French. “We need to stop the decline,” of the French language, Legault, the leader of centre-right coalition Avenir …

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Vietnam tech firm FPT produces country’s first semiconductor chips

HANOI, Sept 28 (Reuters) – FPT Semiconductor, a unit of Vietnam’s leading tech company FPT (FPT.HM), launched its first line of semiconductor chips used in medical devices on Wednesday, part of the company’s efforts to enter the competitive global industry. The company said in a statement it aims to supply 25 million chips globally by …

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US mortgage interest rates jump to 6.52%, highest since mid-2008

Sept 28 (Reuters) – The average interest rate on the most popular US home loan climbed to its highest level since August 2008, data from the Mortgage Bankers Association (MBA) showed on Wednesday. Rising mortgage rates are weighing on the interest-rate-sensitive housing sector as Federal Reserve pushes on with aggressively lifting borrowing costs to high …

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Wall Street ends sharply higher as Treasury yields dip

Apple drops on concerns about iPhone demand Treasury prices rebound after BoE decision S&P 500 records largest one-day gain since Aug. 10 Indexes: Dow +1.88%, S&P 500 +1.97%, Nasdaq +2.05% Sept 28 (Reuters) – Wall Street ended sharply higher on Wednesday following its recent sell-off, helped by falling Treasury yields, while Apple dropped on concerns …

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Singer R. Kelly, already behind bars, ordered to pay victims

NEW YORK, Sept 28 (Reuters) – R. Kelly, the multiplatinum R&B singer convicted twice this year of sex crimes, will be required to pay at least $300,000 in restitution to some of his victims, a federal judge said on Wednesday. The money will compensate two women, known as Jane and Stephanie, for the costs of …

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