By Kevin Buckland TOKYO (Reuters) – Japan’s Nikkei share average will climb about 5% by end-year as uncertainties over U.S. trade policies that have been holding the index back continue to clear up, although volatility is likely in the near term, according to equity strategists in a Reuters poll. The Nikkei is forecast to trade …
By Luciana Magalhaes SAO PAULO (Reuters) -Brazilian labor prosecutors filed a lawsuit on Tuesday against Chinese carmaker BYD, holding it responsible for human trafficking and “slavery-like conditions” for workers building a factory in its biggest market outside China. The lawsuit seeks 257 million reais ($45 million) in moral damages from BYD and two contractors, JinJiang …
Brazil prosecutors sue Chinese carmaker BYD for violating labor rights Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Reasons to be cheerful A tariff reprieve from U.S. President Donald Trump, a surprise bounce in U.S. consumer confidence and a slide in government bond yields sparked a rally across most markets on …
(Reuters) – An intensifying auto industry price war in China has stoked fears of a long-anticipated shake-out in the world’s largest car market. Shares of China’s largest automakers sank Monday after Chinese electric-vehicle giant BYD <> offered fresh discounts across more than a dozen models, and an executive at another car company fretted openly about …
Analysis-China auto market price war stokes fears of industry shake-out Read More »
By Nathan Vifflin AMSTERDAM (Reuters) -Taiwan Semiconductor Manufacturing Co, the world’s largest contract chipmaker, said on Tuesday it will open a design centre in Munich, Germany, which could at a later date help develop chips via leading manufacturing processes for applications such as artificial intelligence. President of TSMC Europe, Paul de Bot, said at the …
TSMC to open chip design centre in Munich, could later support AI development Read More »
MILAN (Reuters) -The United States has warned Pirelli that sales of vehicles fitted with its data-collecting technology could be restricted due to concerns over the influence on the tyremaker of its Chinese investor, Bloomberg reported on Tuesday. Pirelli declined to comment, while the U.S. Commerce Department was not immediately reachable for comment. Italy’s Pirelli, whose …
U.S. warns Pirelli on possible sale restrictions over Chinese investors, Bloomberg says Read More »
By Lewis Jackson BEIJING (Reuters) -The Shanghai Futures Exchange (ShFE) released draft proposals on Tuesday to further open up domestic futures to overseas investors and brokers as part of an effort to help internationalise the renminbi. China is the world’s largest consumer of industrial metals by far, but much of the trade is priced by …
By Nathan Vifflin AMSTERDAM (Reuters) -Taiwan Semiconductor Manufacturing Co (2330.TW), the world’s largest contract chipmaker, is still assessing when it will use ASML’s cutting-edge high numerical aperture (NA) machines for its future process nodes, an executive said on Tuesday. Chipmakers are weighing when the speed and accuracy benefits of these nearly $400 million machines will …
TSMC still evaluating ASML’s ‘High-NA’ as Intel eyes future use Read More »
(Reuters) -Nuclear technology company Oklo said on Tuesday it has signed a memorandum of understanding (MOU) with South Korea’s nuclear power plant operator Korea Hydro & Nuclear Power (KHNP) to develop Oklo’s planned Aurora powerhouse. Shares of Oklo were up 1.9% at $49.71 in morning trade. Oklo also said the MOU outlines plans to collaborate …
Oklo, South Korea’s KHNP enter into agreement to develop Aurora nuclear facility Read More »
HANOI (Reuters) – French pharmaceutical company Sanofi said on Tuesday it was exploring opportunities for producing vaccines in Vietnam in cooperation with local partner Vietnam Vaccine Company (VNVC), which announced plans to build a new plant. VNVC launched its plans to set up a plant in the southern province of Long An at a ceremony …
Sanofi exploring vaccine production in Vietnam with local partner Read More »
