Category Archives:
Norway government raises spending by $5.3 billion due inflation, Ukraine
OSLO (Reuters) - Norway's centre-left government said on Thursday it plans to spend an extra 56 billion Norwegian crowns ($5.3 billion) from its sovereign wealth fund in 2023 to compensate for soaring...
May 11, 2023
TSMC says it’s working hard to control costs, lifted partly by Ukraine war
By Sarah Wu TAIPEI (Reuters) - Taiwanese chipmaker TSMC said on Thursday that while war in Ukraine has impacted the company's costs, customers need not worry about the impact being passed on in price ...
May 11, 2023
China says it will resolutely object if U.S. curbs investment in semiconductor industry
BEIJING (Reuters) - China will resolutely object if the U.S. restricts its firms from investing in Chinese semiconductor industry, said Shu Jueting, a spokesperson at China's commerce ministry on Thur...
May 11, 2023
In Malaysia, migrants say they are in limbo after promised jobs fall through
By A. Ananthalakshmi and Rozanna Latiff KUALA LUMPUR (Reuters) - Stranded without work for months, hundreds of South Asian migrants in Malaysia say they are losing hope after failing to find jobs prom...
May 11, 2023
Japan’s Sharp tumbles to $1.9 billion loss on hefty writedown
TOKYO (Reuters) - Sharp Corp, the Japanese electronics maker owned by Taiwan's Foxconn, posted on Thursday a full-year loss of $1.9 billion after writing down the value of its panel display business a...
May 11, 2023
Italian bonds face a raft of challenges as credit ratings loom
By Harry Robertson LONDON (Reuters) - Italian bonds face a rockier road in the coming months after a period of unusual calm, starting with credit ratings decisions over the next two weeks. Ratings age...
May 11, 2023
Rolls-Royce on track as new CEO finds savings
LONDON (Reuters) - British engine maker Rolls-Royce said it performed as expected in the first part of the year, with flying hours recovering, and steps taken by its new CEO to find savings putting it...
May 11, 2023
Man Group CEO Luke Ellis to retire, Robyn Grew to take charge
LONDON (Reuters) - Man Group said on Thursday its chief executive Luke Ellis would retire in September and be succeeded by the company's current president, Robyn Grew, in the latest management shake-u...
May 11, 2023
Japan’s Subaru sets out targets for EV push over five years
TOKYO (Reuters) - Japanese automaker Subaru Corp laid out targets for selling and making battery electric vehicles (EVs) on Thursday, aiming for global sales of 200,000 units a year by around 2026 as ...
May 11, 2023
Apple supplier Foxconn’s Q1 profit falls 56% y/y, worse than forecasts
TAIPEI (Reuters) - Apple Inc supplier Foxconn reported on Thursday a 56% fall in first-quarter net profit, as global economic woes hurt demand for smart consumer electronics. The Taiwanese company, wh...
May 11, 2023
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