TOKYO (Reuters) - Shares of Toyota Motor, Nissan Motor and Honda Motor fell on Monday following a fire at a Renesas Electronics semiconductor plant that may aggravate a global shortage of automotive chips. The stock price of Japan's big three car makers fell more than 2% in early trading compared with a smaller...
Continue reading
By Abhirup Roy and Aditya Kalra MUMBAI (Reuters) - Inside supermarkets of Reliance Retail, run by India's richest man, Mukesh Ambani, little-known food and home cleaning brands take pride of place on shelves alongside global labels owned by giants Nestle, Unilever (LON:ULVR) and Coca-Cola (NYSE:KO). Products like Snac tac noodles and...
Continue reading
(Bloomberg) -- Gold declined as the dollar remained resilient and 10-year Treasury yields held near the highest level in more than a year, weighing on the precious metal which doesn’t offer interest. Investors will turn their attention to a heavy slate of bond auctions focused in maturities that have gotten pummeled amid a brightening...
Continue reading
WASHINGTON (Reuters) - Democratic Representative David Cicilline, chairman of the House Judiciary Committee's antitrust panel, is preparing to come out with 10 or more pieces of legislation targeting Big Tech companies, a source with knowledge of the matter said on Sunday. The subcommittee, under Cicilline's leadership, released a 449-page report in October last...
Continue reading
TAIPEI (Reuters) - Shares of Taiwan's Foxconn rose as much as 3.6% on Monday after Vietnam conglomerate Vingroup said its car unit was in early stage talks with Foxconn about working together on developing batteries and electric car parts. Foxconn has proposed acquiring EV production lines owned by the unit VinFast, Reuters exclusively reported on Friday. Vingroup later said it had...
Continue reading
(Reuters) - AstraZeneca (NASDAQ:AZN) Plc's head of oncology research, Jose Baselga, has died at the age of 61, the company said on Sunday. "An outstanding scientific leader, José leaves a lasting legacy in the scientific community and here at AstraZeneca," the company's Chief Executive Officer Pascal Soriot said https:// in a statement. The statement did not give a cause of death but...
Continue reading
BRUSSELS (Reuters) - Fewer Europeans trust the AstraZeneca (NASDAQ:AZN) COVID-19 vaccine after several countries reported side-effects, such as blood clots, an opinion poll by YouGov showed on Monday, even though scientific studies have found it is safe and effective. An increased number of French, German, Italian and Spanish adults said they considered the vaccine unsafe, YouGov found, although faith in other vaccines...
Continue reading
DUBAI (Reuters) - The Public Investment Fund (PIF), Saudi Arabia's sovereign wealth fund, has hired a senior Goldman Sachs (NYSE:GS) banker to work on investments, two sources familiar with the matter said. Eyas Al Dossari, who was head of investment banking for Goldman Sachs in Saudi Arabia, left the bank recently, one of the sources said. Dossari was hired in 2017 from...
Continue reading
(Reuters) - Beleaguered casino operator Crown Resorts Ltd said on Monday it received a buyout offer from private equity company Blackstone (NYSE:BX) Group Inc that values the company at A$8.02 billion ($6.19 billion). The offer was priced at A$11.85 per share, a premium of 20.2% to Crown's closing price of A$9.86 on Friday. Blackstone currently has a 10% stake in Crown...
Continue reading
By Wayne Cole SYDNEY (Reuters) - Asian markets faced a fresh stress test on Monday as a plunge in the Turkish lira lifted the safe-haven yen and blunted risk appetite, although the fallout so far looked to be relatively contained. The dollar was trading almost 15% higher on the lira at 8.3000 after...
Continue reading
English 
Russian