By Nivedita Balu (Reuters) – Apple Inc on Tuesday unveiled MacBooks powered by its new and faster M2 Pro and M2 Max chips in a surprise launch weeks ahead of its usual schedule. The roll-out of the devices using Apple’s latest versions of the M2 chip, which it debuted last year, is an outgrowth of …
Apple rolls out Macbooks with new M2 chips in rare January launch Read More »
By Svea Herbst-Bayliss (Reuters) -Billionaire investor Ryan Cohen has built a stake in China’s Alibaba Group worth hundreds of millions of dollars and is pushing the e-commerce giant to increase and speed up share buybacks, people familiar with the matter said on Monday. Cohen, who built his fortune by co-founding online pet retailer Chewy Inc …
Investor Ryan Cohen builds Alibaba stake, wants more share buybacks Read More »
By Jamie McGeever ORLANDO, Fla. (Reuters) – Japan risks pulling the rug from under the much-touted “year of the bond.” Further changes to the Bank of Japan’s yield curve control (YCC) policy could bring more Japanese money back home, against a backdrop of rising hedging costs that are already weighing on domestic investors’ demand for …
Column-Bank of Japan shift exposes global bond cracks: McGeever Read More »
By Brenda Goh DAVOS, Switzerland (Reuters) – India’s Maharashtra state on Tuesday signed a deal with Taiwan’s Gogoro and automotive system maker Belrise Industries under which the two firms will invest $2.5 billion over eight years in building battery-swapping infrastructure across the state. Announced on the sidelines of the World Economic Forum in Davos, the …
By Caroline Valetkevitch NEW YORK (Reuters) – Stocks on Wall Street mostly declined Tuesday following disappointing quarterly results from Goldman Sachs and other companies, while the dollar weakened against the Japanese yen amid expectations of a possible policy shift at the Bank of Japan. A global stock index was little changed. The BOJ is expected …
Stocks ease with Goldman shares; dollar dips vs yen Read More »
AMSTERDAM (Reuters) – Dutch tech industry group FME on Tuesday called for the European Commission to draft a position on whether and how to restrict computer chip technology exports to China, saying “more unified and powerful action” was needed from Europe. The call comes as Dutch Prime Minister Mark Rutte visits U.S. President Joe Biden …
Dutch tech industry urges EU to take a stand on China chip exports Read More »
COLOMBO (Reuters) -India has told the International Monetary Fund (IMF) it will support Sri Lanka’s debt restructuring plan, a source with direct knowledge of the matter said, as the island nation races to secure a $2.9 billion bailout from the global lender. The country of 22 million people is facing its worst economic crisis since …
India writes to IMF backing Sri Lanka’s debt restructuring plan – source Read More »
FRANKFURT (Reuters) -China’s reopening from pandemic restrictions could drive global growth beyond expectations and help avoid a broader recession even as some of the world’s largest economies struggle to overcome a downturn, top finance officials at the World Economic Forum said. China has lifted many of the most debilitating restrictions after abruptly jettisoning its strict …
China’s reopening fuels global growth optimism, Davos panel says Read More »
By Chen Lin SINGAPORE (Reuters) – Singapore’s international arrivals beat forecasts in 2022, paving the way for its tourism sector to recover to pre-pandemic levels by 2024, its tourism authority said on Tuesday. The city-state saw 6.3 million visitors last year, exceeding the Singapore Tourism Board’s (STB) forecast of between 4 to 6 million, while …
(Reuters) – Japan’s top airlines All Nippon Airways (ANA) and Japan Airlines (JAL) have expanded their sustainable aviation fuel purchases by adding supplies from Japanese trading house Itochu Corp and U.S. producer Raven SR, they said on Tuesday. The global airline industry has sought to rely on sustainable aviation fuel (SAF) — which is produced …
Japan’s ANA, JAL expand sustainable aviation fuel purchases with Itochu deal Read More »
