Deal comes amid pressure from Chinese shareholder Analysts hail ‘sensitive’ transaction Bank could return deal proceeds to shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC (HSBA.L) has agreed to sell its business in Canada to Royal Bank of Canada (RY.TO) for C$13.5 billion ($10 billion) in cash, paving the way for a potential bumper payout … Read more
China announces record new local COVID cases Commodities sold off amid demand concerns Dollar slips against yen, Swiss franc NEW YORK/ LONDON, Nov 28 (Reuters) – US stocks tracked a decline in equities worldwide and oil was sold off on Monday as rare protests in major Chinese cities against the country’s strict zero-COVID curbs fueled … Read more
Foxconn Zhengzhou plant’s Nov shipments to fall further – source Worker unhappiness at plant escalated into protests this week Over 20,000 workers, mostly new recruits, have left – source TAIPEI, Nov 25 (Reuters) – Foxconn’s (2317.TW) flagship iPhone plant in China is set to see its November shipments further reduced by the latest bout of … Read more
Foxconn says it is working with staff to resolve disputes Major iPhone factory rocked by protests over pay, terms Apple says it has team on the ground in Zhengzhou TAIPEI/SHANGHAI, Nov 24 (Reuters) – Foxconn (2317.TW) said on Thursday a pay-related “technical error” occurred when hiring new recruits at a COVID-hit iPhone factory in China … Read more
Fed minutes for November due at 1900 GMT US Thanksgiving public holiday on Thursday Stock eke out slim gains globally Euro zone economic data points to recession China hit by rising COVID-19 infections LONDON, Nov 23 (Reuters) – Global shares churned on Wednesday ahead of minutes of a Federal Reserve meeting that could shed light … Read more
NEW YORK, Nov 22 (Reuters) – A New York judge has scheduled an October 2023 trial to form US President Donald Trump, three of his adult children and the Trump Organization in a lawsuit brought by New York Attorney General Letitia James accusing them of fraudulently overvaluing the real estate company’s assets and Trump’s net … Read more
COP27 climate summit ends after marathon weekend negotiations Final deal delivers on creating historic climate finance fund Negotiators say some blocked tighter emissions targets SHARM EL-SHEIKH, Egypt, Nov 20 (Reuters) – Countries closed this year’s UN climate summit on Sunday with a hard-fought deal to create a fund to help poor countries being battered by … Read more
Nov 19 (Reuters) – Donald Trump on Saturday said he had no interest in returning to Twitter even as a slim majority voted in favor of reinstating the former US President, who was banned from the social media service for inciting violence, in a poll organized by new owner Elon Musk. Slightly over 15 million … Read more
Nov 17 (Reuters) – Hundreds of Twitter employees are estimated to be leaving the beleaguered social media company following an ultimatum from new owner Elon Musk that staffers sign up for “long hours at high intensity,” or leave. In a poll on the workplace app Blind, which verifies employees through their work email addresses and … Read more
NEW YORK, Nov 16 (Reuters) – Former President Donald Trump’s entry on Tuesday into the 2024 presidential race confirmed the world’s “worst kept secret” and created another variable for markets that some investors say remains a low priority for now. Trump, who has mounted relentless attacks on the integrity of US voting since his 2020 … Read more