Foxconn unrest risks iPhone shipments, weighs on Apple shares

Foxconn Zhengzhou plans 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 plan in China is set to see a further reduction in November shipments after the latest bout … Read more

Oil settles below $90 as recession fears mount

An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS/Todd Korol/File Photo Register now for FREE unlimited access to register Sept 7 (Reuters) – Oil prices settled sharply lower on Wednesday, slumping below levels seen prior to Russia’s invasion of Ukraine as downbeat Chinese trade data … Read more

Five Chinese state-owned companies, under scrutiny in US, will delist from NYSE

SHANGHAI/HONG KONG/NEW YORK, Aug 12 (Reuters) – Five US-listed Chinese state-owned companies whose audits are under scrutiny by the US securities regulator said on Friday they would voluntarily delist from the New York Stock Exchange. Oil giant Sinopec (600028.SS) and China Life Insurance (601628.SS), Aluminum Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) and a separate … Read more

India blocks Krafton’s game on concerns about data sharing in China – source

India blocks Krafton's game on concerns about data sharing in China - source

Battlegrounds Mobile India game and logo are seen in this picture illustration, July 29, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to register NEW DELHI/SEOUL, July 29 (Reuters) – India’s government blocked a popular battle-royale format game from Krafton Inc (259960.KS), a South Korean company backed by China’s Tencent (0700.HK), as it … Read more

Oil steadies as China COVID fears face tight supply concerns

Crude oil storage tanks are seen at the Kinder Morgan terminal in Sherwood Park, near Edmonton, Alberta, Canada November 14, 2016. REUTERS/Chris Helgren Register now for FREE unlimited access to register New Omicron subvariant case in Shanghai rattles market US dollar strongest since October 2002 Russian court overturns CPC pipeline suspension order NEW YORK, … Read more

Cryptoverse: The bonfire of the NFTs

July 5 (Reuters) – The NFT dream isn’t dead, but it’s taken a big non-fungible beating. The market shone gloriously last year as crypto-rich speculators spent billions of dollars on the risky assets, pumping up prices and profits. Now, six months into 2022, it’s looking ugly. Monthly sales volume on the largest NFT marketplace, OpenSea, … Read more

Stocks mostly slip, yields ease in wake of Powell inflation comments

S&P 500 down slightly early Powell: Clock is ‘running’ for Fed on lowering inflation US dollars higher NEW YORK, June 29 (Reuters) – Stocks on global indexes mostly edged lower and Treasury yields eased on Wednesday as investors weighed comments by Federal Reserve Chairman Jerome Powell, who said there is a risk the US central … Read more

Tesla cars barred for 2 months in Beidaihe, site of China leadership meet

SHANGHAI, June 20 (Reuters) – Tesla (TSLA.O) cars will be prohibited from entering the Chinese coastal district of Beidaihe, site of a secretive annual summer party leadership conclave, for at least two months starting on July 1, a local traffic police official told Reuters on Monday. The decision by the Beidaihe authorities came just weeks … Read more

EXCLUSIVE Disney/Pixar’s ‘Lightyear,’ with same-sex couple, will not play in 14 countries; China in question

LOS ANGELES, June 13 (Reuters) – Walt Disney Co (DIS.N) has been unable to obtain permission to show its new Pixar movie “Lightyear” in 14 Middle Eastern and Asian countries, a source said on Monday, and the animated film appeared unlikely to open in China, the world’s largest movie market. A “Lightyear” producer told Reuters … Read more

Exclusive: Elon Musk wants to cut 10% of Tesla jobs

Tesla employed around 100,000 people at the end of 2021 Musk warned staff on Tuesday to return to office or leave US executives sounding increasingly gloomy about economy SAN FRANCISCO, June 3 (Reuters) – Tesla (TSLA.O) CEO Elon Musk has seen a “super bad feeling” about the economy and needs to cut about 10% of … Read more