(Bloomberg) -- Australia’s trade fight with China cost it about $3 billion in commodities sales last year, and that relatively small impact suggests there’s little economic need for the country to bow to Beijing’s pressure. That’s the value of Australian exports lost in 2020 compared to the prior year, and covers commodities from copper...
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TOKYO (Reuters) - Japan's industrial production likely declined again in December and retail sales are also expected to have slipped, a Reuters poll found, reinforcing worries a recent sharp increase in COVID-19 cases could derail a fragile economic recovery. The world's third-largest economy has rebounded from its biggest postwar slump last year, but a resurgence in local and overseas coronavirus infections is...
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Intuitive Surgical (NASDAQ:ISRG) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations. Intuitive Surgical announced earnings per share of $3.58 on revenue of $1.33B. Analysts polled by Investing.com anticipated EPS of $3.09 on revenue of $1.23B. Intuitive Surgical shares are down 2% from the beginning of the year and are trading at $799.43...
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By Agustinus Beo Da Costa JAKARTA (Reuters) - Indonesia's air accident investigator is probing whether a problem with the autothrottle system, that controls engine power automatically, contributed to the Sriwijaya Air crash on Jan. 9 that killed all 62 people on board, an official said on Friday. National Transportation Safety Committee (KNKT) investigator Nurcayho Utomo said a problem with the Boeing (NYSE:BA)...
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SHENZHEN, China (Reuters) - Chinese budget phone maker Honor has signed partnerships with major chip suppliers such as Intel (NASDAQ:INTC) and Qualcomm (NASDAQ:QCOM) after being spun off from under-fire parent Huawei Technologies in a bid to save it last year, it said on Friday. Huawei had sold Honor to a consortium of 30 of the sub-brand's agents and dealers in November to...
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By Yasin Ebrahim The Dow closed just below the flatline Thursday as strength in tech, led by a rally Intel (NASDAQ:INTC) and Apple, was offset by weakness in energy. The Dow Jones Industrial Average fell 0.04%, or 12 points. The S&P 500 was up 0.03%, while the Nasdaq Composite gained 0.55%. The S&P and Nasdaq closed at record highs. Apple (NASDAQ:AAPL) rose 4%...
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(Reuters) - AirAsia Group plans to undertake a private placement to raise up to 454.5 million ringgit ($113 million) to address immediate and near-term cash flow requirements, the Malaysian budget airline group said on Thursday. The struggling airline, which reported a fifth straight quarterly loss in November as the pandemic took its toll on travel, has been seeking to raise 2.5 billion...
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By Stephen Nellis (Reuters) - Intel Corp (NASDAQ:INTC) executives have raised the possibility of licensing chipmaking technology from outside firms, a move that could see it exchanging manufacturing secrets with rival Taiwan Semiconductor Manufacturing Co Ltd (TSMC) or Samsung Electronics (LON:0593xq) Co Ltd. Intel is one of the few remaining semiconductor firms that both designs and manufactures its own chips,...
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CSX (NASDAQ:CSX) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations. CSX announced earnings per share of $1.04 on revenue of $2.83B. Analysts polled by Investing.com anticipated EPS of $1 on revenue of $2.77B. CSX shares are down 0% from the beginning of the year and are trading at $91.86 , down-from-52-week-high.They are...
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(Reuters) - Tesla Inc chief and billionaire entrepreneur Elon Musk on Thursday took to Twitter to promise a $100 million prize for development of the "best" technology to capture carbon dioxide emissions. Capturing planet-warming emissions is becoming a critical part of many plans to keep climate change in check, but very little progress has been made on the technology to date, with...
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