Category Archives:
China’s YMTC asks core U.S. employees to leave due to chip export restrictions -FT
(Reuters) - Chinese chip maker Yangtze Memory Technologies Co (YMTC) Ltd has asked its U.S. employees in core tech positions to leave, as the company rushes to comply with the new U.S export restricti...
Oct 23, 2022
Australia to cut economic growth forecasts on lower consumer spending
SYDNEY (Reuters) - Australia's economic growth is expected to slow sharply next financial year as rising inflation curbs household consumption, according to new forecasts to be unveiled by Treasurer J...
Oct 23, 2022
Tesla cuts starting prices for Model 3, Model Y in China
SHANGHAI (Reuters) - Tesla has cut starting prices for Model 3 and Model Y cars in China, its Chinese website showed on Monday. The starting price for Model 3 was reduced to 265,900 yuan ($36,727.03) ...
Oct 23, 2022
Japan Oct factory growth slows to 21-month low, but services pick up – flash PMI
TOKYO (Reuters) - Japan's factory activity growth slowed further to a 21-month low in October as relentless cost pressures torment manufacturers, but service-sector firms received a boost as the count...
Oct 23, 2022
Sovereign bond market turmoil to spill well into next year: Reuters poll
By Hari Kishan BENGALURU (Reuters) - Turmoil in global sovereign bond markets is set to persist for another six months to a year as central banks carry on raising interest rates to bring down inflatio...
Oct 23, 2022
Biden to get updated COVID vaccine, urge Americans to follow suit
By David Shepardson (Reuters) - U.S. President Joe Biden will get his updated COVID-19 vaccine on Tuesday and urge more Americans to get the latest shot, White House spokesman Kevin Munoz said on Sund...
Oct 23, 2022
Japan Finance Minister Suzuki declines to say whether govt intervened to prop up yen
TOKYO (Reuters) - Japanese Finance Minister Shunichi Suzuki on Monday declined to confirm whether the government had intervened in the currency market on Friday, when the dollar plunged more than 7 ye...
Oct 23, 2022
Britain’s Boots to recruit 10,000 workers for Christmas period
LONDON (Reuters) - British health and beauty retailer Boots said on Monday it planned to recruit more than 10,000 temporary workers, as competition for staff for the Christmas trading period heats up....
Oct 23, 2022
Czech central banker says inflation near peak – newspaper
PRAGUE (Reuters) - Czech inflation, while likely to stay high until year-end, is near its peak and should not rise much further before dropping in 2023, central bank board member Karina Kubelkova said...
Oct 23, 2022
Egypt to develop new currency indicator to wean people off U.S. dollar
CAIRO (Reuters) - Egypt will develop a new currency indicator partly to wean people off the idea that the Egyptian pound should be pegged to the U.S. dollar, the new central bank governor said on Sund...
Oct 23, 2022
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