Category Archives:
Brazil annual inflation lowest in nearly 3 years, fueling rate cut bets
SAO PAULO (Reuters) - Brazil's annual inflation in June fell to its lowest level since September 2020, data from statistics agency IBGE showed on Tuesday, renewing bets that an interest rate cut is ar...
Jul 11, 2023
GlobalFoundries scraps plan to appoint former top Amazon executive as CFO
(Reuters) - Chipmaker GlobalFoundries has shelved its plan to appoint former Amazon executive Tim Stone as chief financial officer, it said on Tuesday, two months after choosing him. The company, whic...
Jul 11, 2023
Brazil’s Lula expects Senate to pass tax reform by year-end
SAO PAULO (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Tuesday he expects the Senate to pass by the end of the year a proposed tax reform restructuring the country's complex consu...
Jul 11, 2023
EV charger maker Tritium wins order from Hawaii under federal funding program
By Abhirup Roy SAN FRANCISCO (Reuters) - Tritium DCFC said on Tuesday it had won an order from Hawaii to make high-speed electric vehicle chargers - the first funds to roll out in a federal program me...
Jul 11, 2023
Texas power demand to hit record highs again as heat bakes state
(Reuters) - Texas' power grid operator projected electricity use would break records again this week as homes and business crank up their air conditioners to cope with another brutal summer heatwave. ...
Jul 11, 2023
Daimler Truck targets above 12% adjusted returns by 2030
(Reuters) - Daimler Truck set new financial targets for 2030 ahead of its Capital Markets Day on Tuesday, aiming for at least 12% adjusted returns for its industrial business under favourable conditio...
Jul 11, 2023
U.S. investigates 346,000 Ford Escape SUVs over door issues
(Reuters) - U.S. auto safety investigators said Tuesday they are opening an investigation into 346,000 Ford Escape sport utility vehicles because a weld in the door assembly may fail, potentially resu...
Jul 11, 2023
Toyota targets Europe, China in hydrogen sales pivot
By Daniel Leussink TOKYO (Reuters) - Toyota Motor will focus on selling hydrogen-powered trucks and cars in Europe and China, as part of a push to sell 200,000 of these vehicles by 2030, executives sa...
Jul 11, 2023
Applied Materials aims to boost chip factory productivity with new tech
By Stephen Nellis SAN FRANCISCO (Reuters) - Applied Materials on Tuesday released its first major update to some of its core semiconductor manufacturing equipment in more than decade, aiming to boost ...
Jul 11, 2023
India, Foxconn’s worries over Vedanta’s financials led to JV pullout – sources
By Yimou Lee TAIPEI (Reuters) -The Indian government and Foxconn had concerns over the financial situation of Vedanta, which led to the Taiwanese company parting ways with Vedanta on a chipmaking join...
Jul 11, 2023
Peoria, IL, USA
51 °F Sunny
