Category Archives:
Emerson sells majority stake in $14 billion climate tech unit to Blackstone – WSJ
(Reuters) - Emerson Electric Co is selling a majority stake in its climate-technologies business to Blackstone Inc in a deal that would value the unit at $14 billion including debt, the Wall Street Jo...
Oct 30, 2022
Dollar up as data suggests Fed hawks will stay in control; yen fragile
By Rae Wee SINGAPORE (Reuters) - The dollar advanced on Monday after strong consumer spending data pointed to persistent underlying inflation pressure, cooling bets that the U.S. Federal Reserve could...
Oct 30, 2022
Toyota profit to rise but eyes will be on its shaky supply chain, EV strategy
By Satoshi Sugiyama TOKYO (Reuters) - Toyota Motor Corp is expected to report a small quarterly profit increase on Tuesday, with soaring costs of parts and materials nearly offsetting the benefits fro...
Oct 30, 2022
Nitro Software receives $320 million offer from KKR’s Alludo
By Scott Murdoch and Harshita Swaminathan (Reuters) -Australia's Nitro Software said on Monday it would back a near A$500 million ($320.15 million) offer from KKR Inc's Alludo that trumps an earlier b...
Oct 30, 2022
Asia stocks creep higher on hopes Fed will tone down hikes
By Tom Westbrook SINGAPORE (Reuters) - Asian stock markets climbed cautiously on Monday amid hopes that the Federal Reserve might sound less aggressive about rate hikes this week, while wheat prices l...
Oct 30, 2022
Oil slips as China COVID curbs outweigh concerns over U.S. output
By Florence Tan SINGAPORE (Reuters) - Oil prices fell on Monday on concerns that widening COVID-19 curbs in China will curtail demand, offsetting signs that output at the top U.S. shale field is losin...
Oct 30, 2022
Foxconn COVID woes may hit up to 30% of iPhone Nov shipments from Zhengzhou plant – source
TAIPEI (Reuters) - Apple supplier Foxconn's COVID-19 woes at its vast iPhone manufacturing facility in China's Zhengzhou city could slash the site's November iPhone shipments by up to 30%, a source wi...
Oct 30, 2022
COSCO Shipping says to buy $2.7 billion port assets from parent, in $2.9 billion ship building deal
(Reuters) - COSCO Shipping Holdings Co Ltd said on Monday it has agreed to buy port assets from its parent for an aggregate 19.7 billion yuan ($2.7 billion) as it aims to build a global digital supply...
Oct 30, 2022
China’s Oct factory activity unexpectedly skids amid slowing demand
BEIJING (Reuters) -China's factory activity unexpectedly fell in October, an official survey showed on Monday, weighed by softening global demand and strict COVID-19 restrictions, which hit production...
Oct 30, 2022
China’s services sector activity falls – official PMI
BEIJING (Reuters) - China's October services activity fell for the first time since May, as strict COVID restrictions halted travel and gatherings over the Golden Week holiday period, striking a big b...
Oct 30, 2022
Peoria, IL, USA
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