By Joyce Lee and Heekyong Yang SEOUL (Reuters) -Samsung Electronics flagged a continued recovery in memory chips and tech demand in 2024, after reporting a 34% drop in fourth-quarter profit …
MIsc. News
-
- MIsc. News
Australia’s Westpac found guilty of misconduct in 2016 rate swap deal
by Reutersby Reuters(Reuters) – Australia’s corporate regulator said on Wednesday that a court found Westpac engaged in unethical conduct while carrying out an A$12 billion ($7.88 billion) interest rate swap transaction in …
-
TOKYO (Reuters) – Japanese authorities are committed to a flexible exchange rate, which acts as a shock absorber and supports the Bank of Japan’s monetary policy objective, a senior International …
- MIsc. News
China’s factory activity shrinks again, weak demand hobbles economy
by Reutersby ReutersBEIJING (Reuters) -China’s manufacturing activity contracted for the fourth straight month in January, an official factory survey showed on Wednesday, suggesting the sprawling sector and the broader economy were struggling …
- MIsc. News
What investors and legal experts are saying about Elon Musk’s voided $56 billion pay package
by Reutersby Reuters(Reuters) – A Delaware judge tossed out Elon Musk’s record-breaking $56 billion Tesla pay package on Tuesday, calling the compensation granted by the EV maker’s board “an unfathomable sum” that …
- MIsc. News
Australia Q4 inflation slows sharply to two-year low, bringing rate cuts nearer
by Reutersby ReutersSYDNEY (Reuters) -Australian consumer price inflation slowed more than expected to a two-year low in the fourth quarter, while a sharp deceleration in core inflation prompted markets to bring forward …
- MIsc. News
China EV battery maker CATL expects weaker earnings growth for 2023
by Reutersby ReutersBEIJING (Reuters) – Chinese electric vehicle (EV) battery giant CATL forecast net profit growth of up to 48.1% in 2023 on Tuesday, representing sharply weaker growth than the previous year …
-
SEOUL (Reuters) – A U.S. F-16 fighter jet crashed into the sea off South Korea’s west coast on Wednesday and the pilot was rescued safely, a U.S. Air Force unit …
-
TOKYO (Reuters) -Japan’s industrial output rose in December, government data showed on Wednesday, lifted by machinery production although a safety scandal at Toyota’s small-car unit threatened to weigh heavily on …
- MIsc. News
Stryker forecasts strong 2024 as uptick in surgeries lift demand for devices
by Reutersby Reuters(Reuters) – Stryker Corp forecast 2024 profit above Wall Street estimates on Tuesday, banking on a post-pandemic pick-up in volume for certain surgical procedures at hospitals to drive sales for …
- MIsc. News
Starbucks cuts sales view due to Middle East conflict, warns of weak Q2
by Reutersby ReutersBy Deborah Mary Sophia (Reuters) -Starbucks cut its annual sales forecast on Tuesday as the Israel-Hamas war hurt its Middle East business, while warning that softer demand in January and …
-
By Michelle Nichols UNITED NATIONS (Reuters) -The United States said on Tuesday that the U.N. agency for Palestinian refugees needs to make “fundamental changes” before Washington will resume funding that …
- MIsc. News
Australia regulator scrutinises pension funds over unlisted asset pricing
by Reutersby ReutersBy Lewis Jackson SYDNEY (Reuters) – Australia’s prudential regulator said on Wednesday it will review how sections of the A$2.5 trillion ($1.7 trillion) pension fund sector value unlisted assets and …
- MIsc. News
Hamas official says it has received new proposal for three-stage truce
by Reutersby ReutersBy Raneen Sawafta, Fadi Shana and Nidal al-Mughrabi WEST BANK/GAZA/DOHA (Reuters) -Hamas said on Tuesday it had received and was studying a new proposal for a ceasefire and release of …
- MIsc. News
Google parent Alphabet ad revenue disappoints, CapEx up; shares sink 6%
by Reutersby ReutersBy Jeffrey Dastin and Akash Sriram (Reuters) -Alphabet disappointed Wall Street on Tuesday as holiday-season advertising sales came in below expectations and the company said its spending on items such …
- MIsc. News
Bayer faces Australian test with judge to decide whether weedkiller caused cancer
by Reutersby ReutersBy Peter Hobson CANBERRA (Reuters) – An Australian court on Tuesday heard closing arguments in a class action lawsuit alleging that a weedkiller produced by Bayer caused cancer, the first …
- MIsc. News
US shoots down missile fired by Houthis toward Red Sea, Pentagon says
by Reutersby ReutersWASHINGTON (Reuters) – Iranian-backed Houthi militants fired one anti-ship cruise missile from Yemen toward the Red Sea on Tuesday, the U.S. military’s Central Command said, adding that a U.S. destroyer …
- MIsc. News
Brazil’s Embraer reports 2023 aircraft deliveries slightly below guidance
by Reutersby ReutersBy Peter Frontini SAO PAULO (Reuters) -Brazilian planemaker Embraer reported on Tuesday deliveries of 75 jets in the fourth quarter, making both its executive and commercial jets slightly miss the …
- MIsc. News
Pakistan court jails ex-PM Imran Khan for 10 years ahead of election
by Reutersby ReutersBy Gibran Naiyyar Peshimam and Ariba Shahid ISLAMABAD (Reuters) -A court in Pakistan jailed Imran Khan for 10 years on Tuesday for leaking state secrets, the harshest sentence the popular …
- MIsc. News
AMD boosts AI chip forecast by $1.5 billion – not enough for Wall Street
by Reutersby ReutersBy Max A. Cherney and Arsheeya Bajwa (Reuters) – Chipmaker AMD on Tuesday boosted its 2024 forecast for its artificial intelligence (AI) processors by $1.5 billion. Investors wanted more. AMD’s …
- MIsc. News
AI companies lose $190 billion in market cap after Alphabet and Microsoft report
by Reutersby ReutersBy Noel Randewich (Reuters) – AI-related companies lost $190 billion in stock market value late on Tuesday after Microsoft, Alphabet and Advanced Micro Devices delivered quarterly results that failed to …
- MIsc. News
Disguised Israeli forces kill 3 Palestinian militants in raid on West Bank hospital
by Reutersby ReutersBy Raneen Sawafta JENIN, West Bank (Reuters) – Israeli commandos disguised as medical workers and Muslim women burst into a hospital in the occupied West Bank on Tuesday and killed …
-
LONDON (Reuters) – British businesses started 2024 with their confidence at the highest level in nearly two years but their plans for more staffing are not translating into accelerating wage …
-
By Patricia Reaney NEW YORK (Reuters) – Chita Rivera, the musical theater legend and multiple Tony winner who created the role of Puerto Rican firebrand Anita on Broadway in “West …
-
By Stephen Culp NEW YORK (Reuters) -The tech-heavy Nasdaq lost ground on Tuesday as the market awaited a spate of high profile corporate earnings and the Federal Reserve convened for …