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US commerce chief says China export controls will hit companies’ revenue
By David Shepardson WASHINGTON (Reuters) - Commerce Secretary Gina Raimondo said on Wednesday the Biden administration is seeking to carefully target U.S. controls on exports to China, but rules will ...
Syndicated Content Jul 26, 2023
Macquarie flags lower profit on weak green energy income, shares slip
(Reuters) - Australian investment bank Macquarie Group flagged a lower quarterly profit on Thursday, sending its shares over 4% lower in early trade, as contributions from its asset management busines...
Syndicated Content Jul 26, 2023
LG Energy Solution Q2 profit jumps 136% on strong demand for EV batteries
SEOUL (Reuters) - South Korea's LG Energy Solution Ltd on Thursday posted a 136% jump in quarterly profit, helped by rising demand for electric vehicle (EV) batteries. The company, which supplies Gene...
Syndicated Content Jul 26, 2023
Samsung Elec Q2 profit plunges 95% as chip glut persists
SEOUL (Reuters) - Samsung Electronics reported on Thursday a 95% plunge in quarterly profit, as the chip industry's downturn persisted despite output cuts due to weaker demand for products reliant on ...
Syndicated Content Jul 26, 2023
Analysis-Investors dumping China load up on other emerging markets
By Summer Zhen and Patturaja Murugaboopathy HONG KONG (Reuters) - Global investors are increasingly choosing to bypass China's markets in favour of other emerging countries that are either gaining fro...
Syndicated Content Jul 26, 2023
Imperial Oil spill into lagoon contaminates flock of Canada geese
By Nia Williams (Reuters) -Canada's Imperial Oil spilled crude oil into a process-water lagoon at its Mahihkan plant in northern Alberta, contaminating a flock of geese, the Alberta Energy Regulator (...
Syndicated Content Jul 26, 2023
Evercore hires veteran investment banker Bergstein from Morgan Stanley -sources
By David Carnevali and Mike Stone NEW YORK (Reuters) - Evercore has hired veteran Morgan Stanley banker Seth Bergstein as a senior managing director to drive dealmaking in the global services sector, ...
Syndicated Content Jul 26, 2023
Microsoft to supply AI tech to Japan government -Nikkei
TOKYO (Reuters) - Microsoft Corp will provide artificial intelligence technology to the Japanese government after enhancing the processing power of its data centres located within the country, the Nik...
Syndicated Content Jul 26, 2023
Hong Kong central bank raises interest rate after Fed hike
HONG KONG (Reuters) - The Hong Kong Monetary Authority (HKMA) on Thursday raised its base rate charged through the overnight discount window by 25 basis points to 5.75%, hours after the U.S. Federal R...
Syndicated Content Jul 26, 2023
Higher interest rates depress UK commercial property, survey finds
By David Milliken LONDON (Reuters) - Two thirds of property surveyors think Britain's commercial real estate market is in a downturn, as higher Bank of England interest rates have brought the toughest...
Syndicated Content Jul 26, 2023
Peoria, IL, USA
47 °F Mist
