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

More US companies charging employees for job training if they quit

WASHINGTON, Oct 17 (Reuters) – When a Washington state beauty salon charged Simran Bal $1,900 for training after she quit, she was shocked. Not only was Bal a licensed esthetician with no need for instruction, she argued that the training courses were specific to the shop and low quality. Bal’s story mirrors that of dozens … Read more

Indonesia soccer stampede kills 125 after police use tear gas in stadium

More than 320 injured during crowd stampede Indonesia football association suspends league to investigate Police say they fired tear gas to control crowd MALANG, Indonesia, Oct 2 (Reuters) – A stampede at a soccer stadium in Indonesia has killed 125 people and injured more than 320 after police police used tear gas to quell a … 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 Reuters.com 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

Former Deutsche Bank co-CEO Anshu Jain dies

Anshu Jain, co-CEO of Deutsche Bank, addresses the bank’s annual general meeting in Frankfurt, Germany, May 21, 2015. REUTERS/Kai Pfaffenbach Register now for FREE unlimited access to Reuters.com register Aug 13 (Reuters) – Anshu Jain, a top finance executive best known for helping German lender Deutsche Bank AG (DBKGn.DE) take on the largest Wall Street … 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 Reuters.com 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 Reuters.com 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