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MIsc. News

  • MIsc. News

    Samsung sees tech devices demand recovering in 2024 after record chip loss

    by Reuters January 30, 2024
    by Reuters January 30, 2024

    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

    Australia’s Westpac found guilty of misconduct in 2016 rate swap deal

    by Reuters January 30, 2024
    by Reuters January 30, 2024

    (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 …

  • MIsc. News

    IMF sees Japan committed to flexible exchange rate

    by Reuters January 30, 2024
    by Reuters January 30, 2024

    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 Reuters January 30, 2024
    by Reuters January 30, 2024

    BEIJING (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 Reuters January 30, 2024
    by Reuters January 30, 2024

    (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 Reuters January 30, 2024
    by Reuters January 30, 2024

    SYDNEY (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 Reuters January 30, 2024
    by Reuters January 30, 2024

    BEIJING (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 …

  • MIsc. News

    U.S. F-16 crashes in South Korea, pilot safely ejects

    by Reuters January 30, 2024
    by Reuters January 30, 2024

    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 …

  • MIsc. News

    Japan Dec factory output rises on production machinery

    by Reuters January 30, 2024
    by Reuters January 30, 2024

    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 Reuters January 30, 2024
    by Reuters January 30, 2024

    (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 Reuters January 30, 2024
    by Reuters January 30, 2024

    By 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 …

  • MIsc. News

    US calls for ‘fundamental changes’ before UNRWA funding resumes

    by Reuters January 30, 2024
    by Reuters January 30, 2024

    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 Reuters January 30, 2024
    by Reuters January 30, 2024

    By 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 Reuters January 30, 2024
    by Reuters January 30, 2024

    By 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 Reuters January 30, 2024
    by Reuters January 30, 2024

    By 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 Reuters January 30, 2024
    by Reuters January 30, 2024

    By 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 Reuters January 30, 2024
    by Reuters January 30, 2024

    WASHINGTON (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 Reuters January 30, 2024
    by Reuters January 30, 2024

    By 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 Reuters January 30, 2024
    by Reuters January 30, 2024

    By 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 Reuters January 30, 2024
    by Reuters January 30, 2024

    By 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 Reuters January 30, 2024
    by Reuters January 30, 2024

    By 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 Reuters January 30, 2024
    by Reuters January 30, 2024

    By 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 …

  • MIsc. News

    UK businesses start 2024 with confidence at two-year high – Lloyds

    by Reuters January 30, 2024
    by Reuters January 30, 2024

    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 …

  • MIsc. News

    Chita Rivera, ‘West Side Story’ Broadway star, dead at 91

    by Reuters January 30, 2024
    by Reuters January 30, 2024

    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 …

  • MIsc. News

    Nasdaq ends lower ahead of big tech earnings, focus on Fed

    by Reuters January 30, 2024
    by Reuters January 30, 2024

    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 …

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