BEIJING (Reuters) – Chinese battery giant Contemporary Amperex Technology Co Ltd (CATL) said on Tuesday it would take an almost 25% stake in China Molybdenum Co Ltd. The move comes as battery producers and new energy vehicle makers rush to secure battery raw materials resources like lithium, cobalt and nickel amid the rapid development of …
By Sam Nussey TOKYO (Reuters) -Sony Group Corp hiked its full-year operating profit forecast on Tuesday by 4.5% to 1.16 trillion yen ($7.84 billion) as the boost from foreign exchange fluctuations at units including the music business offset gaming weakness. Sony trimmed its full-year profit forecast for the games business by 12% to 225 billion …
Sony hikes FY profit forecast by 4.5% on foreign exchange boost Read More »
LONDON (Reuters) -Ocado Group , the British online supermarket and technology group, has entered the South Korean market through a partnership deal with Lotte Shopping, the companies said on Tuesday. Ocado and Lotte will develop a network of robotic warehouses, or Customer Fulfilment Centres (CFCs) as Ocado calls them, across South Korea to expand the …
Ocado enters South Korea with Lotte Shopping deal Read More »
By Cynthia Kim SEOUL (Reuters) – Two of the Bank of Korea’s seven board members said the pace of interest rate hikes needs to be moderated to factor in the impact on economic growth, while the majority urged prioritising inflation control, October meeting minutes showed on Tuesday. The central bank raised its benchmark policy rate …
Bank of Korea minutes show board divided over inflation-growth priorities Read More »
By Martin Quin Pollard and Bernard Orr BEIJING (Reuters) -China’s COVID-19 curbs forced the temporary closure of Disney’s Shanghai resort on Monday, while production of Apple Inc iPhones at a major contract manufacturing facility could drop by 30% in November due to coronavirus restrictions, a source told Reuters. In Zhengzhou, a Foxconn plant that makes …
China COVID curbs hit iPhone output, shut Shanghai Disney Read More »
By Brenda Goh and Albee Zhang (Reuters) -Shanghai’s Disney Resort abruptly suspended operations on Monday to comply with COVID-19 prevention measures, with all visitors at the time of the announcement directed to stay in the park until they return a negative test for the virus. The resort said at 11:39 a.m. local time (03:39 GMT) …
Shanghai Disney shuts over COVID, visitors unable to leave Read More »
By Andrea Shalal WASHINGTON (Reuters) – The White House will host officials from 37 countries and 13 global companies in Washington this week to address the growing threat of ransomware and other cyber crime, including the illicit use of cryptocurrencies, a senior U.S. official said. The in-person meeting follows last year’s virtual inaugural meeting of …
Cyber officials from 37 countries, 13 companies to meet on ransomware in Washington Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar gained across the board on Monday, regaining some of the luster it lost earlier in the month, bolstered by expectations of another supersized rate increase at this week’s Federal Reserve monetary policy meeting. That said, the dollar’s gains could be limited if the Fed signals on …
U.S. dollar rises as Fed likely doing another big hike; sterling sinks Read More »
(Reuters) – China Southern Airlines Co Ltd has cancelled plans for two Boeing Co 737 MAX flights on Sunday that would have represented the model’s return to passenger flying in China after more than three years, according to the airline’s website. The 737 MAX was grounded in March 2019 following fatal crashes in Indonesia and …
China Southern cancels planned return of Boeing 737 MAX flights -website Read More »
By Ryan Woo BEIJING (Reuters) – After enduring days of lock-in at Foxconn’s vast facility in central China with 200,000 other workers, Yuan finally climbed the fences on Saturday night and escaped the complex, joining others fleeing what they feared was a widening COVID outbreak. He walked through the night, keeping to a northerly route, …
Fearing COVID, workers flee from Foxconn’s vast Chinese iPhone plant Read More »
