Dollar falls with yields as more Fed talk awaited
SYDNEY (Reuters) – Asian stocks were left adrift on Tuesday as expectations of more dovish talk from the Federal Reserve pushed down Treasury yields and the dollar, while lifting gold…
Why proposed changes to Hong Kong’s extradition law fueled protests
HONG KONG (Reuters) – Hong Kong leader Carrie Lam has delayed indefinitely a proposed law that would allow extraditions to mainland China, in a dramatic retreat after widespread anger over…
Asian stocks subdued, oil near five-month low on U.S. inventory build
TOKYO (Reuters) – Asian stocks stuttered on Thursday, dogged by the uncertainty over an intractable U.S.-China trade dispute, while oil prices flirted with five-month lows thanks to higher U.S. crude…
Exclusive: Promising thousands of U.S. jobs, Foxconn offshored 155 to Mexico
WASHINGTON (Reuters) – Foxconn has offshored more than 150 U.S. jobs to Mexico, according to the Labor Department, even as it struggles to meet job-creation targets promised as part of…
Intel cuts forecast as China data center sales remain weak
(Reuters) – Chipmaker Intel Corp on Thursday cut its full-year revenue forecast and missed analysts’ estimates for first-quarter sales for its higher-margin data center business, sending its shares down as…
Samsung plans $116 billion investment in non-memory chips to challenge TSMC, Qualcomm
SEOUL (Reuters) – Samsung Electronics Co Ltd plans to invest $116 billion in non-memory chips through 2030, to cut its reliance on the volatile memory chip market and develop chips…
Wisconsin governor wants to renegotiate Foxconn contract
Gov. Tony Evers said Wednesday that he wants to renegotiate Wisconsins nearly 3 billion contract with Foxconn Technology Group, saying its unrealistic to think the company will employ 13,000 people…
Foxconn’s Gou says will follow order of sea goddess to run for Taiwan presidency
FILE PHOTO: Terry Gou, founder and chairman of Foxconn, greets during an event that marks the 40th anniversary of the Taiwan Relations Act, in Taipei, Taiwan April 16, 2019. REUTERS/Tyrone…
Qualcomm shares soar on surprise settlement with Apple of long legal dispute
(Reuters) – Qualcomm Inc on Tuesday won a major victory with a surprise settlement of its wide-ranging legal dispute with Apple Inc that includes a supply agreement paving the way…
Asia stocks hover below nine month peak after Wall Street stalls
TOKYO (Reuters) – Asian stocks hovered below a nine-month peak on Tuesday after disappointing bank earnings dented Wall Street, though recent signs the global economy is likely to avoid a…