Reuters Financial News

MSCI's broadest index of Asia-Pacific shares outside Japan was 0.49% higher, while Tokyo's Nikkei gained 0.36%. Australia's S&P/ASX 200 index was up 0.61%. The Japanese yen was at 151.71 per dollar in Asian hours, having touched a one-year low of 151.92 on Monday.

Chip technology design maker Imagination Technologies plans to lay off 20% of the company's staff, according to sources familiar with the matter. The U.K.-based company, which signed an agreement to supply Apple with chip technology in 2020, said it was cutting the staff because of a challenging «business environment» over the last 18 months, according to an internal message reviewed by Reuters.

Amazon.com has cut around 180 jobs in its games division, at least the second round of layoffs in under a week by the online retailer and digital streaming provider in a broader restructuring, an email viewed on Monday by Reuters showed. «After our initial restructuring in April, it became clear that we needed to focus our resources even more on the areas that are growing with the highest potential to drive our business forward,» said Christoph Hartmann, vice president of Amazon Games, in the Nov. 13 email.

By David Shepardson

By Greg Bensinger

(Corrects paragraph 6 to say First Quantum (NASDAQ:QMCO)'s Cobre Panama mine contributes 5% to Panama's GDP)

fire after three people tried to break into an unmarked Secret Service vehicle in Washington, a law enforcement official told The Associated Press. The officials said that the incident happened late Sunday when the agents were out with Naomi Biden, the granddaughter of Joe Biden, in Washington's posh Georgetown neighborhood. There, the agents saw the three people breaking a window of the parked and unoccupied SUV, the report quoted officials as saying.

₹830 crore today, which was much lesser than the foreign capital outflow on a weaker rupee. As per the NSE data, FIIs cumulatively bought ₹5,991.24 crore of Indian equities, while they sold ₹7,235.68 crore --- resulting in an outflow of ₹1,244.44 crore on Monday. Meanwhile, DIIs invested ₹5,613.86 crore and offloaded ₹4,783.46 crore, registering an inflow of ₹830.40 crore.

By Nikunj Ohri, Shivangi Acharya and Sarita Chaganti Singh

United Airlines will not restart flights to Tel Aviv, Israel from Newark, New Jersey on Nov. 24, its spokesperson said on Monday, apologizing for the news on resumption of service, which it attributed to an error by its public relations agency. Several media organizations, including Reuters, had earlier reported the service restart based on the statement from the airline's PR agency.

Here is an outline of the pipeline dispute: WHAT IS THE LATEST? On a visit to Erbil on Sunday, Iraqi oil minister Hayan Abdel-Ghani said he expects to reach an agreement with the Kurdistan Regional Government (KRG) and foreign oil companies to resume oil production from the Kurdish region's oilfields within three days, signalling a potential restart soon. Turkey had said last month the pipeline was ready to begin operations, but Iraq maintained it had received no official notification over the pipeline and a senior energy adviser told Reuters Baghdad was waiting to iron out «lingering financial and technical issues» ahead of any restart. WHY IS IT IMPORTANT? While Iraq, OPEC's second-largest oil producer, exports about 85% of its crude via ports in the south, the northern route via Turkey still accounts for about 0.5% of global oil supply. WHAT PROMPTED THE SHUTDOWN? Supplies of 450,000 barrels per day (bpd) were halted on March 25 after an International Chamber of Commerce (ICC) arbitration ruling. The ICC ordered Ankara to pay Baghdad damages of about $1.5 billion for unauthorised exports by the semi-autonomous Kurdistan Regional Government (KRG) between 2014 and 2018. KRG exports flow through a KRG pipeline to Fish-Khabur on the northern Iraqi border, where the oil enters Turkey and is pumped to the port of Ceyhan on its Mediterranean coast. Iraq's federal government says state-owned marketer SOMO is the only party authorised to manage crude exports via Ceyhan.

By Paritosh Bansal

Lincoln Lawyer season 3 will be releasing on Netflix. The renewal for the third season was confirmed in August this year. «The Lincoln Lawyer» season 3 will have ten episodes, according to WhatsOnNetflix report. According to reports, the filming for «The Lincoln Lawyer» season 3 will commence in January 2024. However, no full schedule for the «The Lincoln Lawyer» season 3 has been unveiled. The filming will be carried out in Los Angeles, California. A significant question on everyone's mind revolves around the potential premiere of «The Lincoln Lawyer» Season 3 in the upcoming year. While this remains speculative, there's a possibility that the timeline might be challenging, raising the prospect of a split season, potentially around late 2024 or, in a less favorable scenario, early 2025, as per the WhatsOnNetflix report. This third season is set to delve into the narrative of the fifth book from the source material penned by Michael Connelly, titled «THE GODS OF GUILT.» Verizon is planning to offer the ad-supported versions of Netflix and Warner Bros Discovery's Max streaming services for about $10 a month combined instead of about $17, according to a source familiar with the matter. The discounted bundle is expected to be announced in the coming weeks, the source added. Netflix and Warner Bros will have to share revenue with Verizon, the source said. Reuters could not learn the financial terms of the contract. The Wall Street Journal first reported the news on last Thursday.

By Ananya Mariam Rajesh and Savyata Mishra

(Reuters) — Gold miner Uzhuralzoloto (UGC) set the price range on Monday for its initial public offering (IPO) on the Moscow Exchange, the latest in a series of small capital raises by Russian companies as they adjust to life without Western capital.

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₹2.5-3 lakh per annum (or $4,500-6,500 at then prevailing exchange rates). Apart from some exceptions, it appears as if the hiring of fresh engineering talent at the same low salaries as two decades ago is an exploitative tactic that is still used by the country’s IT majors. Accounting for inflation, this means that engineers graduating today are only making a fraction of what their seniors did 20 years ago! The only exception was the sudden surge during the pandemic, which pushed global clients to outsource more of their operations in a bid to keep down costs.

BEIJING (Reuters) — New bank lending in China fell less than expected in October from the previous month, even after policymakers ramped up measures including cutting banks' reserve requirement ratios to get the shaky economy back on more solid footing.

By Trevor Hunnicutt

(Reuters) — The United Auto Workers (UAW) production workers at Ford (NYSE:F)'s Louisville assembly and Kentucky truck plants have voted against a proposed four-and-a-half year contract, while the skilled trades workers voted in favor of the deal, the union's local unit said on Facebook (NASDAQ:META).

By Hannah Lang