By Giulio Piovaccari and Keith Weir MILAN (Reuters) -Ferrari core earnings rose 7% in the third quarter despite a small and calculated dip in car shipments aimed at facilitating an internal software transition at the luxury sports carmaker, its top executives said on Tuesday. The Italian company switched over the summer to a new enterprise …
Ferrari’s core profit rises despite shipment dip after software switch Read More »
By Dan Catchpole and Allison Lampert SEATTLE (Reuters) -Boeing’s U.S. West Coast factory workers accepted a new contract offer on Monday, ending a bitter seven-week strike that halted most jet production and deepened a financial crisis at the troubled planemaker. The union said members voted 59% in favor of the new contract, which includes a …
Boeing strike ends as workers accept new contract Read More »
By Karen Freifeld (Reuters) – A top Republican lawmaker has accused the Biden administration of not doing enough to prevent China’s Semiconductor Manufacturing International Corp (SMIC) from strengthening the country’s chipmaking industry and military-industrial complex. Michael McCaul, chair of the House Foreign Affairs Committee, urged U.S. Commerce Department agents to visit SMIC’s facilities and check …
US needs to crack down on Chinese chipmaker SMIC, Republican lawmaker says Read More »
(Reuters) -A China state-sponsored hacking group had breached Singapore Telecommunications (SingTel) in June as a part of a global campaign targeting telecom companies and critical infrastructure operators, Bloomberg News reported on Tuesday. Investigators believe that the breach was carried out by a hacking group nicknamed Volt Typhoon, Bloomberg said, citing two people familiar with the …
China state-linked group accused of hacking SingTel, Bloomberg News reports Read More »
By Jihoon Lee and Julian Luk SEOUL/LONDON (Reuters) – South Korea’s Supreme Court has rejected a legal appeal to prevent a suspension of the Seokpo zinc smelter, its operator Young Poong Corp said. Seokpo was ordered by the Gyeongsangbuk-do provincial government in 2021 to halt its operations for one month and 30 days due to …
South Korea’s highest court rejects appeal from zinc smelter against shutdown Read More »
By Kate Abnett BRUSSELS (Reuters) – China has requested that countries hold talks at next week’s COP29 U.N. climate summit on carbon border taxes and other “restrictive trade measures” that Beijing says are hurting developing countries, according to a document seen by Reuters. The request raises the prospect that mounting trade tensions between major economies …
China wants talks on trade measures at COP29 climate summit, document shows Read More »
By Summer Zhen HONG KONG (Reuters) -Hong Kong-based hedge fund firm Zeal Asset Management said on Tuesday it will cease operating next year and return over $1.6 billion in investor capital as its founders plan to retire. “After a successful yet tumultuous journey since 2009, the founding partners of the firm have decided to start …
Hong Kong hedge fund Zeal Asset to shut, return investor money Read More »
By Linda Pasquini (Reuters) – German fashion house Hugo Boss said on Tuesday it sought to expand its limited exposure to China and build brand visibility over the long run, despite a dent to its third-quarter sales from weak demand in the region. Hugo Boss delayed its 2025 revenue and profit targets earlier in the …
Hugo Boss seeks to grow in China despite weak demand, CFO says Read More »
(Reuters) -Singapore’s Keppel said on Tuesday it had agreed to buy an artificial intelligence-ready data centre facility being developed by Japan’s biggest property group Mitsui Fudosan in Tokyo. The deal comes less than two weeks after the asset manager said it plans to more than double its data centre funds under management from S$9 billion …
Singapore’s Keppel to buy Japanese AI-ready data centre Read More »
By Stefanno Sulaiman and Fransiska Nangoy JAKARTA (Reuters) – Indonesia’s gross domestic product in the third quarter increased 4.95% from a year earlier, its slowest pace in a year, data from the statistics bureau showed on Tuesday, as household consumption showed softer growth. The third-quarter result came slightly below annual growth of 5% expected by …
Indonesia’s Q3 GDP rises 4.95% from a year ago, slightly slower than Q2 Read More »
