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
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
E.Europe arms companies step up production for Ukraine Hope to find new markets as defense spends rise Can produce and service Soviet-era and NATO-standard weaponry Poland, Czechs among big suppliers of military aid to Kyiv Industry’s history stretches from 1800s and through Cold War PRAGUE/WARSAW, Nov 24 (Reuters) – Eastern Europe’s arms industry is churning … 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
BEIJING, Nov 24 (Reuters) – China reported record high COVID-19 infections on Thursday, with cities nationwide imposing localized lockdowns, mass testing and other curbs that are fueling frustration and darkening the outlook for the world’s second largest economy. The resurgence of infections, nearly three years after the pandemic emerged in the central city of Wuhan, … 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
COVID restrictions ramped up as cases rise iPhone factory unrest underscores industrial, social risks Analysts warn of potential for wider lockdowns Resort city Sanya imposes movement curbs on new arrivals BEIJING, Nov 23 (Reuters) – Chinese cities imposed more curbs on Wednesday to rein in rising coronavirus cases, adding to investor worries about the economy, … Read more
SEOUL, Nov 19 (Reuters) – North Korean leader Kim Jong Un pledged to counter US nuclear threats with nuclear weapons as he inspected a test of the country’s new intercontinental ballistic missile (ICBM), state media KCNA said on Saturday. The isolated country tested the Hwasong-17 ICBM on Friday a day after warning of “fiercer military … Read more
SEOUL/TOKYO, Nov 18 (Reuters) – North Korea fired a suspected intercontinental ballistic missile on Friday that landed just 200 kilometers (130 miles) off Japan and had sufficient range to reach the mainland of the United States, Japanese officials told reporters. The launch, reported by both South Korean and Japanese officials, comes a day after a … Read more
PRZEWODOW, Poland/WARSAW, Nov 17 (Reuters) – Ukraine may get the access it has demanded to the site in the border area of ​​southeastern Poland where a missile killed two people on Tuesday, Polish officials said on Thursday. Warsaw and its Western allies say evidence from the scene points to the explosion being caused by a … Read more