Author Archives: Syndicated Content
Chipmaker UMC cuts capex in readiness for prolonged downturn
By Sarah Wu TAIPEI (Reuters) - Taiwanese chipmaker United Microelectronics Corp (UMC) has cut this year's planned capital expenditure by almost a fifth, it said on Wednesday, citing weakening consumer...
Oct 26, 2022
COP27: World on track to increase emissions 10.6% by 2030 – UN report
By Gloria Dickie LONDON (Reuters) - If countries fulfill their current climate commitments, global greenhouse gas emissions will rise by 10.6% by 2030 compared to 2010 levels, according to a United Na...
Oct 26, 2022
Putin observes Russian strategic nuclear forces exercises – RIA
LONDON (Reuters) - Russian President Vladimir Putin on Wednesday observed exercises by Russia's strategic nuclear forces, state-owned news agency RIA reported. (Reporting by Reuters)
Oct 26, 2022
Chinese automaker Geely’s new energy brand Farizon raises over $300 million
BEIJING/HONG KONG (Reuters) - Chinese automaker Geely's new energy vehicle subsidiary on Wednesday said its brand Farizon has raised over $300 million from a funding round led by Asian logistics firm ...
Oct 26, 2022
Ad group WPP wrestles with wage pressure in resilient quarter
By Paul Sandle LONDON (Reuters) -British ad group WPP said its global clients are investing in their brands in the face of economic uncertainties, supporting its third-quarter revenue even as wage inf...
Oct 26, 2022
TSX futures rise on commodity boost, BoC rate decision in focus
(Reuters) - Futures for Canada's resources-heavy stock index rose on Wednesday as commodity prices gained, while investors awaited policy decision from the country's central bank which is expected to ...
Oct 26, 2022
U.S. mortgage interest rates jump to 7.16%, highest since 2001
(Reuters) - The average interest rate on the most popular U.S. home loan rose to its highest level since 2001 as tightening financial conditions weigh on the housing sector, data from the Mortgage Ban...
Oct 26, 2022
Kraft Heinz beats quarterly sales estimates on higher prices
(Reuters) - Kraft Heinz Co beat third-quarter sales estimates on Wednesday, as higher product prices offset pressure from reduced demand for its packaged meals and condiments. Global packaged foods ma...
Oct 26, 2022
‘Seismic shift’ in bank payments to help business and consumers, says EU
By Huw Jones LONDON (Reuters) - Forcing banks across the European Union to offer instant payments in euros is a "seismic" shift to make the economy more efficient and reap savings for businesses and c...
Oct 26, 2022
Philippine legislator proposes law to keep Chinese boats, planes in check
MANILA (Reuters) - A lawmaker in the Philippines has reintroduced legislation to prevent maritime and airspace encroachment by Chinese vessels, by restricting them to designated sea lanes and air rout...
Oct 26, 2022
