Reuters

(Reuters) - Microchip Technology forecast first-quarter net sales and profit below Wall Street estimates on Monday, signaling weak demand as customers continue to clear excess inventory, sending its shares down more than 4% in aftermarket trading.

Slowing electric vehicle sales at a time when customers are clearing excess inventory have weighed heavily on demand for chips in the automotive industry, hitting chipmakers such as Microchip Technology amid... (continue reading...)

(Reuters) -ANZ Group announced a new A$2 billion ($1.32 billion) share buyback on Tuesday despite reporting a 7% slump in first-half cash earnings due to intense competition in Australia's mortgage lending market coupled with higher operating expenses.

Profit for Melbourne-listed lender's retail division, one of the biggest profit generators for ANZ, plunged 25% during the first half to A$794 million as high-interest rates and a competitive home loan... (continue reading...)

By Anirban Sen

(Reuters) - Law firm Paul, Weiss, Rifkind, Wharton & Garrison is hiring a top dealmaker Jim Langston from rival firm Cleary Gottlieb Steen & Hamilton as a partner in its mergers and acquisition (M&A) practice.

Langston, who has worked on several large public and private company transactions, activism defense, and corporate governance matters during his career, will continue to be based in New York and will join the law... (continue reading...)

(Reuters) - The U.S. Centers for Disease Control and Prevention (CDC) said on Monday it had met with state health officials and asked them to facilitate distribution of protective gear for farm workers to avoid infection against H5N1 bird flu.

The CDC said it asked state health departments to work with their agriculture department counterparts and partners in communities to prioritize the distribution of personal protective equipment from their... (continue reading...)

By Jamie McGeever

(Reuters) - A look at the day ahead in Asian markets.

Asian markets are rising on the back of a subdued dollar, lower U.S. bond yields and looser financial conditions that the more benign outlook for U.S. interest rates lately has delivered, and Tuesday looks like being another positive day for risk assets.

Buying momentum should be strong after another day of solid gains on Wall Street, and the bullishness... (continue reading...)