Business

(Reuters) — “Is Twitter dying?” billionaire Elon Musk mused in April, five days before offering to buy the social media platform. The reality, according to internal Twitter research seen by Reuters, goes far beyond the handful of examples of celebrities ghosting their own accounts. Twit…

MANILA (Reuters) — Extreme weather events and rising temperatures could see 13.6% of the Philippines’ economic output lost by 2040, inflicting a heavy toll on the country’s poorest if it does not address climate change, a World Bank report said on Tuesday. The report warned that tempera…

RIYADH (Reuters) — Top Wall Street bankers renewed their warnings about the world economy on Tuesday amid geopolitical tensions and steep interest rate hikes to tackle decades-high inflation. Goldman Sachs boss David Solomon said economic conditions would “tighten meaningfully from here”…

SINGAPORE (Reuters) — Tightening markets for liquefied natural gas or LNG worldwide and major oil producers cutting supply have put the world in the middle of “the first truly global energy crisis,” the head of the International Energy Agency or IEA said on Tuesday. Rising imports of LN…

TOKYO (Reuters) — Japanese authorities are relying heavily on psychological tactics to fight yen bears, which means keeping markets guessing about their foreign exchange intervention rather than overt attempts to arrest the currency’s decline to multi-decade lows. The battered yen has whipsaw…

(Reuters) — U.S. stock index futures reversed losses on Monday as Treasury yields eased on hopes of a less aggressive Federal Reserve, while investors braced for a busy week of earnings dominated by Big Tech companies. Wall Street’s main indexes rallied on Friday after a report said the U.S. …

NEW YORK (Reuters) — U.S. stocks surged to close out the trading week on Friday after a report said the U.S. Federal Reserve will likely debate on a smaller interest rate hike in December, raising hopes the central bank may be poised to adopt a less aggressive policy stance. Some Fed officials have…

NEW YORK (Reuters) — The banks providing $13 billion in financing for Tesla CEO Elon Musk’s acquisition of Twitter Inc have abandoned plans to sell the debt to investors because of uncertainty around the social media company’s fortunes and losses, people familiar with the matter said. T…

THE monthly general membership meeting of the Saipan Chamber of Commerce will be held Wednesday, Nov. 2, 2022, from 11:30 a.m. to 1 p.m. at the Hyatt Regency Ballroom. During the meeting, the chamber will also hold its 2023-2024 board of directors election. Ballots will be distributed at the door. …

TOKYO (Reuters) — Japan’s central bank on Thursday said it would hold emergency bond-buying operations, offering to buy some $667 million in government debt, a move designed to put a floor under bond prices. The announcement from the Bank of Japan or BOJ came as the yen currency teetered at t…