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TSMC Q2 profit falls 23%, beats market expectations
TAIPEI (Reuters) -Taiwanese chipmaker TSMC posted a 23.3% fall in second-quarter net profit on Thursday as global economic woes dented demand for chips used in applications as varied as cars, cellphon...
Syndicated Content Jul 20, 2023
Volvo Cars’ Q2 operating profit halves
STOCKHOLM (Reuters) -Sweden-based automaker Volvo Cars reported a 54% fall in second-quarter operating earnings on Thursday. Volvo Cars, majority-owned by China's Geely Holding, said operating earning...
Syndicated Content Jul 20, 2023
The mismatched metamorphosis of Turkey’s financial markets
By Marc Jones and Canan Sevgili LONDON (Reuters) - Whisper it, but for all the warnings of a Turkish financial market meltdown if Tayyip Erdogan won May's Presidential vote, some parts of it have done...
Syndicated Content Jul 20, 2023
TikTok allows Europe to access research software, with eye on EU online content rules
By Foo Yun Chee BRUSSELS (Reuters) - Short-video app TikTok on Thursday opened up its research software to researchers in Europe ahead of new EU rules requiring Big Tech to do more to police online co...
Syndicated Content Jul 20, 2023
Barbie hits the box office
A look at the day ahead in European and global markets from Tom Westbrook Barbie's box-office debut began in parts of Asia on Thursday and is expected to rake in $100 million from U.S. theatres over t...
Syndicated Content Jul 19, 2023
Marvell founders launch $2 billion chips foundry in Singapore
SINGAPORE (Reuters) - Singapore-based Silicon Box opened a $2 billion advanced semiconductor manufacturing foundry in the city-state on Thursday, as it seeks to broaden adoption of "chiplet" technolog...
Syndicated Content Jul 19, 2023
Tesla wants to double the size of its European assembly plant- NYT
(Reuters) - Tesla Inc wants to double the production capacity of its assembly plant outside Berlin to one million electric vehicles a year, in a move that would make it Europe's largest car factory, t...
Syndicated Content Jul 19, 2023
US consumer watchdog warns no more ‘rubber stamp’ for bank mergers
By Douglas Gillison (Reuters) - U.S. lenders hoping for easy merger approvals in the wake of the March banking crisis should instead expect tough scrutiny from regulators worried about financial stabi...
Syndicated Content Jul 19, 2023
Fed set to launch long-awaited instant payments service, modernizing system
By Hannah Lang (Reuters) - The U.S. Federal Reserve is due to imminently launch a long-awaited service which will aim to modernize the country's payment system by eventually allowing everyday American...
Syndicated Content Jul 19, 2023
BofA cuts China’s 2023 growth forecast to 5.1%
(Reuters) - BofA Global Research on Thursday cut China's economic growth forecast for this year to 5.1% on a disappointing second-quarter gross domestic product (GDP) growth and potential delay in for...
Syndicated Content Jul 19, 2023
Peoria, IL, USA
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