Tuesday, 18 January 2022

Reuters Business: Australia's Lynas posts record Q2 revenue on robust demand for rare earths

Australia's Lynas posts record Q2 revenue on robust demand for rare earths

Australia's Lynas Rare Earths Ltd posted record second-quarter revenue on Wednesday, as demand for metals used in electric vehicles (EVs) continued to grow amid a global push for reducing carbon emissions.

BHP posts 5% jump in second-quarter iron ore output

BHP Group on Wednesday reported a 5% rise in iron ore production for the second quarter, driven by strong performance at its Jimblebar mine and ramped up production at South Flank in Western Australia.

Wells Fargo names Derek Flowers as new chief risk officer

Wells Fargo & Co named Derek Flowers as its new chief risk officer, leading all aspects of the lender's risk management systems, the bank said in a statement on Tuesday.

Ford to record $8.2 bln gain from Rivian investment

Ford Motor Co said on Tuesday it gained $8.2 billion on its investment in Rivian Automotive Inc in the fourth quarter, following the electric-vehicle maker's initial public offering in November.

Teva settles shareholder lawsuit over generic drug pricing for $420 mln

Teva Pharmaceutical Industries Ltd has agreed to pay $420 million to settle shareholder litigation alleging the company hid an anti-competitive scheme to fix the price of generic drugs.

AT&T, Verizon will delay some 5G deployment amid aviation standoff

AT&T and Verizon Communications on Tuesday agreed to temporarily defer turning on some wireless towers near key airports to avert a significant disruption to U.S. flights.

Dubai's Emirates suspends flights to several U.S. destinations on 5G concerns

Dubai's Emirates (EMIRA.UL) airline announced on Tuesday that it will suspend flights to several destinations in the United States as of Jan. 19 until further notice because of concerns over 5G mobile deployment.

Oil hit 7-year highs as tight supply bites

Oil prices on Tuesday climbed to their highest since 2014 as investors worried about global political tensions involving major producers such as the United Arab Emirates and Russia that could exacerbate the already tight supply outlook.

Exclusive: U.S. examining Alibaba's cloud unit for national security risks - sources

The Biden administration is reviewing e-commerce giant Alibaba's cloud business to determine whether it poses a risk to U.S. national security, according to three people briefed on the matter, as the government ramps up scrutiny of Chinese technology companies' dealings with U.S. firms.

Microsoft to gobble up Activision in $69 billion metaverse bet

Microsoft Corp is buying "Call of Duty" maker Activision Blizzard for $68.7 billion in the biggest gaming industry deal in history as global technology giants stake their claims to a virtual future.

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