Tag: AMERS

EV battery giant LG Energy Solution upbeat on N.America market outlook

Sees limited impact on battery prices from drop in EV prices Sees demand for US-made batteries continuing to grow In talks with Tesla, other EVs to supply batteries from proposed Arizona plant SEOUL, Jan 27 (Reuters) – Battery maker LG Energy Solution (LGES) (373220.KS) said on Friday demand for electric vehicle (EV) batteries in North …

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US inflation roller coaster prompts fresh look at long-ignored money supply

NEW YORK, Jan 26 (Reuters) – The amount of money sloshing around the US economy shrank last year for the first time on record, a development that some economists believe bolsters the case for US inflation pressures continuing to abate. The Federal Reserve’s main measure of the nation’s money stock – known as M2 money …

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Prosus, Naspers cutting 30% of jobs at corporate offices

AMSTERDAM, Jan 25 (Reuters) – Prosus NV (PRX.AS) and its South African parent Naspers (NPNJn.J) are cutting up to 30% of jobs at their corporate offices, the Dutch technology investor said. The companies are the latest major technology-based firms to make layoffs, after Google parent Alphabet’s big cuts announced last week. “We are adapting to …

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Rogers’ bid for Shaw gets boost after court rejects antitrust effort to block deal

TORONTO, Jan 24 (Reuters) – A Canadian court on Tuesday dismissed the competition bureau’s effort to block Rogers Communications Inc’s ( RCIb.TO ) C$20 billion ($14.9 billion) bid to buy Shaw Communications Inc ( SJRb.TO ), in a boost to the companies’ efforts to close a deal struck nearly two years ago. “It would be …

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Mexico early-January prices exceed market forecasts, rate hikes expected

MEXICO CITY, Jan 24 (Reuters) – Mexico’s headline inflation accelerated and exceeded expectations in early January, data from the national statistics agency showed on Tuesday, marking the first monthly pickup since September as markets brace for fresh interest rate hikes ahead. Annual headline inflation in the first half of the month reached 7.94%, beating both …

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China reopening spurs record inflows into emerging market funds -BofA

LONDON, Jan 20 (Reuters) – Investors poured a record $12.7 billion into emerging-market debt and equity funds in the week to Wednesday, in response to China’s easing of its COVID-19 restrictions on activity, data on Friday from BofA Global Research showed . The sudden shift in Chinese policy has boosted many different asset classes, from …

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Google parent to lay off 12,000 workers in latest blow to tech

Jan 20 (Reuters) – Google’s parent Alphabet Inc (GOOGL.O) is eliminating about 12,000 jobs, or 6% of its workforce, it said Friday, as Silicon Valley reels from recent layoffs and faces a troubled outlook. Alphabet, whose shares rose 3% in pre-market trading, is making the cuts just as the US company confronts a threat to …

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