CMPNY

Toll-road operator Salik jumps 20% on market debut

DUBAI, Sept 29 (Reuters) – Dubai toll-road operator Salik (SALIK.DU) rose 20% above its listing price on its market debut on Thursday in a sign that investors still have appetite for local flotations despite skittish global markets. The company, which has 3.6 million vehicles registered on its system, raised 3.735 billion dirhams ($1.02 billion) 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 increasingly weighing on the interest-rate-sensitive housing sector as the Federal Reserve pushes on with aggressively raising borrowing costs …

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Amazon.com unveils device that tracks breath while sleeping

Sept 28 (Reuters) – Amazon.com Inc announced on Wednesday a contactless gadget that can monitor people’s sleep, along with updates to its lineup of voice-controlled devices and e-readers. The online retailer said its $139.99 sleep gadget, known as Halo Rise, tracks room temperature, humidity and light, plus the breathing patterns of the person closest to …

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Apple drops plan to boost iPhone production as demand falters-Bloomberg

Sept 27 (Reuters) – Apple Inc is dropping plans to increase production of its new iPhones this year after an anticipated surge in demand failed to materialize, Bloomberg News reported on Tuesday, citing people familiar with the matter. The company told suppliers to curtail efforts to increase assembly of its flagship iPhone 14 product family …

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Optus under further fire for cyber breach, purported hacker claims data deleted

A woman uses her mobile phone as she walks past in front of an Optus shop in Sydney, Australia, February 8, 2018. REUTERS/Daniel Munoz Register now for FREE unlimited access to Reuters.com Register SYDNEY, Sept 27 (Reuters) – Australian telecoms giant Optus came under more fire from the government on Tuesday for a massive cyber …

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Novartis to prioritize US market, unfazed by drug pricing pushback

Swiss drugmaker Novartis’ logo is seen at the company’s plant in the northern Swiss town of Stein, Switzerland October 23, 2017. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com Register ZURICH, Sept 22 (Reuters) – Swiss pharma giant Novartis (NOVN.S) said it would make growth in the United States its top geographic …

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McDonald’s hikes prices in Japan on higher input costs, weaker yen

Customers are seen through the windows of a McDonald’s store (top) in Tokyo, while others stand in line in front of cash registers, July 22, 2014. REUTERS/Yuya Shino Register now for FREE unlimited access to Reuters.com Register TOKYO, Sept 26 (Reuters) – Japan’s McDonald’s fast food restaurants will raise prices on about 60% of its …

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Barclays shareholders sue in US over $17.6 billion debt sale blunder

A branch of Barclays Bank is seen, in London, Britain, February 23, 2022. REUTERS/Peter Nicholls Register now for FREE unlimited access to Reuters.com Register NEW YORK, Sept 23 (Reuters) – Barclays Plc (BARC.L) was sued on Friday in a proposed US class action in which shareholders claimed they were defrauded in connection with the British …

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