Companies sell their businesses in Russia

Reuters | May 26, 2023

(Reuters) – Some Western companies have agreed to sell their Russian assets or hand them over to local managers as they take action to comply with sanctions over the Ukraine conflict and deal with threats from the Kremlin that foreign-owned assets may be seized. The moves, part of a broader corporate exodus from Russia, are […]

Marketmind: Debt deal is near, Fed peak is not

Reuters | May 26, 2023

A look at the day ahead in U.S. and global markets from Mike Dolan As the AI-led tech stock boom unfolds, there’s light at the end of the U.S. debt ceiling saga – only markets now reckon the Federal Reserve will tighten policy even further this summer. Investors juggled these three strands over the past […]

U.S. warns China could hack infrastructure, including pipelines, rail systems

Reuters | May 26, 2023

By Raphael Satter, Zeba Siddiqui and James Pearson (Reuters) -The U.S. State Department warned on Thursday that China was capable of launching cyber attacks against critical infrastructure, including oil and gas pipelines and rail systems, after researchers discovered a Chinese hacking group had been spying on such networks. A multi-nation alert issued Wednesday revealed the […]

Elon Musk says Tesla not immune to tough economy that he foresees

Reuters | May 17, 2023

By Hyunjoo Jin and Akash Sriram (Reuters) -Tesla Inc CEO Elon Musk warned on Tuesday that the electric-vehicle maker was not immune to the global economy, which he said will be difficult for the next 12 months. At the company’s annual shareholder meeting in Austin, Texas, Musk played down market rumors that he may step […]

Fair access to proper housing can boost economic growth – report

Reuters | May 15, 2023

By Marine Strauss BRUSSELS (Reuters) – Providing equitable access to appropriate housing in slums and other informal settlements could massively increase economic growth and boost life expectancy, a report to be published on Tuesday by home-building charity Habitat for Humanity shows. Proper housing could increase economic growth by up to 10.5%, while life expectancy could […]

Vietnam EV maker VinFast to list in US via a SPAC

Reuters | May 12, 2023

By Phuong Nguyen HANOI (Reuters) – Vietnamese electric automaker VinFast said on Friday it will list in the United States via a merger with special purpose acquisition company (SPAC) Black Spade Acquisition Co. The move comes after the startup last month said it had received a fresh round of funding pledges worth $2.5 billion from […]

Dollar weakens as soft data backs US recession outlook

Reuters | April 20, 2023

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar fell on Thursday as weak data reinforced expectations the world’s largest economy is likely headed toward recession, further supporting the view that the Federal Reserve could pause in June after another expected rate hike next month. The greenback hit session lows against the yen and […]

Foxconn plans $800 million investment in southern Taiwan

Reuters | April 9, 2023

TAIPEI (Reuters) – Foxconn is planning to invest T$25 billion ($820 million) in the next three years in new manufacturing facilities in southern Taiwan to support its electric vehicle (EV) ambitions, the company said on Sunday. The company, formally called Hon Hai Precision Industry Co Ltd, said the investments in Kaohsiung will include plants for […]

Global stocks fall, U.S. yields rise on higher interest rate outlook

Reuters | February 21, 2023

By Chibuike Oguh NEW YORK (Reuters) -Global equity markets fell while U.S. Treasury yields hit new highs on Tuesday as investors weighed the prospects of a longer-than-anticipated stiff monetary policy stance by the Federal Reserve following continued strong economic data. Market sentiment has remained bearish after Fed officials signaled last week that the U.S. central […]

Motor racing-Multiple F1 teams contact Honda for 2026 partnership

Reuters | February 20, 2023

By Alan Baldwin (Reuters) – Several teams have approached Honda about a partnership when Formula One’s new engine era starts in 2026 but no decision has been taken about future involvement, the Japanese manufacturer said on Monday. Honda have an agreement to build engines in Japan for world champions Red Bull and sister team AlphaTauri […]

Next Page »