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Japan’s Olympus to sell microscope unit to Bain for $3 billion
TOKYO (Reuters) - Olympus Corp said on Monday it has agreed to sell its microscope unit to private equity firm Bain Capital for 427.6 billion yen ($3.08 billion) as the Japanese company focuses its re...
Syndicated Content Aug 29, 2022
Indonesia to shift $1.6 billion portion of fuel subsidy budget to welfare programmes
JAKARTA (Reuters) -Indonesia will reallocate 24.17 trillion rupiah ($1.62 billion), or nearly 5%, of its fuel subsidy budget to social spending, including cash handouts to 20.65 million households, it...
Syndicated Content Aug 29, 2022
Former Rio Tinto mine at Bougainville poses flood risk – report
SYDNEY (Reuters) - Communities around Rio Tinto's shuttered copper mine in Bougainville face a serious threat of flooding due to unstable mine instrastructure, an interim report commissioned by the mi...
Syndicated Content Aug 29, 2022
Central bankers sing in harmony, but stocks don’t like what they hear
A look at the day ahead in European and global markets from Alun John Equity markets have, at last, started listening to central bank policymakers, now increasingly singing from the same hymn sheet, b...
Syndicated Content Aug 29, 2022
Honda Motor, LG Energy to build EV battery plant in Ohio – Nikkei
TOKYO (Reuters) - Japanese automaker Honda Motor Co plans to set up a new lithium-ion battery plant for electric vehicles in the United States with Korean battery supplier LG Energy Solution Ltd, the ...
Syndicated Content Aug 29, 2022
China’s August factory activity likely shrank amid COVID flare-ups, property crisis – Reuters poll
BEIJING (Reuters) - China's factory activity likely contracted again in August, a Reuters poll showed on Monday, as COVID flare-ups and a distressed property sector pummelled demand while a power crun...
Syndicated Content Aug 29, 2022
Walmart proposes to increase stake in South Africa’s Massmart
JOHANNESBURG (Reuters) - U.S Walmart Inc, which owns a majority stake in South Africa's Massmart, has proposed to buy the remaining shares in the retailer at 62 rand ($3.65) each, Massmart said on Mon...
Syndicated Content Aug 29, 2022
Baseball: Rare Mickey Mantle card sells for record $12.6 million
(Reuters) - A Mickey Mantle baseball card in mint condition sold for $12.6 million on Sunday, becoming the most valuable piece of sports memorabilia to be sold at an auction. The rare Mantle card, sol...
Syndicated Content Aug 29, 2022
NASA’s next-generation megarocket set for debut test launch to moon
By Joey Roulette and Steve Gorman CAPE CANAVERAL, Fla. (Reuters) - NASA's colossal next-generation rocketship was set for its long-awaited debut launch on Monday on an uncrewed, six-week test flight a...
Syndicated Content Aug 29, 2022
Analysis-Pain of breaking inflation will reverberate around the globe
By Balazs Koranyi and Howard Schneider JACKSON HOLE, Wyo. (Reuters) - The message from the world's top finance chiefs is loud and clear: rampant inflation is here to stay and taming it will take an ex...
Syndicated Content Aug 29, 2022
Peoria, IL, USA
52 °F Light Rain, Mist
