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Activist Investor Elliott builds stake in PayPal – Bloomberg News
(Reuters) -Activist investor Elliott Investment Management is building a stake in PayPal Holdings Inc, as it plans to push the fintech giant to ramp up its cost-reduction efforts, Bloomberg News repor...
Syndicated Content Jul 26, 2022
China Q2 smartphone sales fall 14.2% y/y as consumers pull back
SHANGHAI (Reuters) - Chinese smartphone sales in April-June fell 14.2% on year and volumes hit a decade low, Counterpoint Research said on Wednesday, as China struggles to recover from the impact of C...
Syndicated Content Jul 26, 2022
U.S. consumer watchdog to scrutinize crypto payments, Big Tech moves into finance -director
By Katanga Johnson and Michelle Price WASHINGTON (Reuters) - The top U.S. consumer watchdog plans to scrutinize the use of cryptocurrencies for real-time payments and ramp up oversight of Big Tech com...
Syndicated Content Jul 26, 2022
BASF considers more ammonia production cuts in gas supply crunch-sources
By Ludwig Burger FRANKFURT (Reuters) - Germany's BASF, the world's largest chemical company, is considering further cuts to ammonia production due to soaring natural gas prices, two sources familiar w...
Syndicated Content Jul 26, 2022
Hong Kong June home prices fall to the lowest in 18 months
HONG KONG (Reuters) - Hong Kong private home prices fell at a faster pace in June and dropped to the lowest since December 2020, official data showed on Wednesday, as homebuyers stayed on the sideline...
Syndicated Content Jul 26, 2022
Toyota plans $1.8 billion Indonesia investment in next 5 years – Indonesian govt
JAKARTA (Reuters) - Japanese carmaker Toyota Motor Corp plans to invest 27.1 trillion rupiah ($1.8 billion) in Indonesia in the next five years to produce electric vehicles, Indonesia's economics mini...
Syndicated Content Jul 26, 2022
Mexican president: Cost of tourist train project could reach $20 billion
MEXICO CITY (Reuters) - Mexican President Andres Manuel Lopez Obrador said on Tuesday the price tag for one of his flagship infrastructure projects, known as the Mayan Train, could reach up to $20 bil...
Syndicated Content Jul 26, 2022
Australia sets sights on clean energy jobs created by ‘climate emergency’
By Kirsty Needham SYDNEY (Reuters) - Australia sees the world's climate emergency as an opportunity to create jobs, the new Labor government said on Wednesday, introducing legislation to enshrine an e...
Syndicated Content Jul 26, 2022
N.Korea’s economy shrinks for two straight years but pace of slowdown eases -S.Korea central bank
By Soo-hyang Choi SEOUL (Reuters) - North Korea's economy shrank in 2021 for a second straight year after suffering its biggest contraction in more than two decades the previous year amid U.N. sanctio...
Syndicated Content Jul 26, 2022
Argentina’s economy chief touts spending adjustment to investors
By Walter Bianchi BUENOS AIRES (Reuters) - Argentina's new economy minister told a gathering of investors in the United States on Tuesday she had begun an adjustment to government spending supported b...
Syndicated Content Jul 26, 2022
Peoria, IL, USA
61 °F Partly cloudy
