Category Archives:
Thai April factory output drops 8% y/y, worse than forecast
BANGKOK (Reuters) - Thailand's manufacturing production index (MPI) in April contracted by a more-than-expected 8.14% from a year earlier, as exports slowed and production costs rose, the industry min...
May 30, 2023
China Telecom establishes quantum technology group
By Casey Hall SHANGHAI (Reuters) - China Telecom has invested 3 billion yuan ($434 million) to establish the China Telecom Quantum Information Technology Group Co., it said in a statement on its offic...
May 30, 2023
Foxconn sees AI driving strong server demand, but full year to be flat
TAIPEI (Reuters) - Apple Inc supplier Foxconn said on Wednesday artificial intelligence applications would strongly drive demand for its server business this year but reiterated 2023 overall would be ...
May 30, 2023
Boeing 737 MAX relatives may pursue pre-impact victim compensation claims
(Reuters) - A U.S. district judge late on Tuesday ruled that relatives of those killed in a 2019 Boeing 737 MAX Ethiopian Airlines crash may seek compensation for the pain and suffering felt before im...
May 30, 2023
Asia stocks slump to monthly loss as China data disappoints
By Tom Westbrook SINGAPORE (Reuters) - Asia's stockmarkets slid toward a second month of losses in a row on Wednesday, and even the glittering Nikkei paused, as weak Chinese factory activity fed growi...
May 30, 2023
Dollar sags versus yen after Japan warning; Aussie slides on China data
By Kevin Buckland TOKYO (Reuters) - The dollar languished below the psychological 140 yen level on Wednesday after getting knocked back from a six-month high after Japanese officials met on Tuesday to...
May 30, 2023
Elon Musk visits China’s commerce ministry
By Martin Quin Pollard BEIJING (Reuters) - Tesla Inc CEO Elon Musk kicked off his second day in China with a visit to the country's commerce ministry on Wednesday morning. A day earlier, he met with C...
May 30, 2023
Australia inflation picks up to 6.8% in April, above forecasts
SYDNEY (Reuters) - Australian consumer prices rose by more than expected in April, driven by a jump in automotive fuel, suggesting sticky inflation would likely keep pressure on the central bank. Data...
May 30, 2023
China’s factory activity falls faster than expected on weak demand
BEIJING (Reuters) -China's factory activity contracted faster than expected in May on weakening demand, heaping pressure on policymakers to shore up a patchy economic recovery. The official manufactur...
May 30, 2023
Australia’s central bank shuns PwC until tax leak scandal ends
By Lewis Jackson SYDNEY (Reuters) - The Reserve Bank of Australia will not start any new contracts with PricewaterhouseCoopers (PwC) Australia until a scandal over the firm's misuse of confidential go...
May 30, 2023
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