Tag: TOPNWS

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 …

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

BuzzFeed soars on reports of Meta deal, plans to use OpenAI

Jan 26 (Reuters) – Shares of BuzzFeed Inc (BZFD.O) jumped on Thursday on reports of a deal with Meta Platforms Inc (META.O) and plans to use artificial intelligence to personalize and enhance the digital media firm’s online quizzes and content . The stock was 19% higher in extended trading, after more than doubling in value …

BuzzFeed soars on reports of Meta deal, plans to use OpenAI Read More »

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 …

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

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 …

Prosus, Naspers cutting 30% of jobs at corporate offices Read More »

Tesla plans $3.6 bln Nevada expansion to make Semi truck, battery cells

Jan 24 (Reuters) – Tesla Inc (TSLA.O) said on Tuesday it would invest more than $3.6 billion to expand its Nevada Gigafactory complex with two new factories, one to mass produce its long-delayed Semi electric truck and the other to make its new 4680 battery cell. The cell plant would be able to make enough …

Tesla plans $3.6 bln Nevada expansion to make Semi truck, battery cells Read More »

Australia inflation surges further in Q4, more rate hikes loom

SYDNEY, Jan 25 (Reuters) – Australian inflation shot to a 33-year high last quarter as the cost of travel and electricity jumped, a shock result that adds to the case for the country’s central bank to raise interest rates again next month. Investors sharply narrowed the odds on the Reserve Bank of Australia (RBA) lifting …

Australia inflation surges further in Q4, more rate hikes loom Read More »

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 …

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

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 …

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

US FDA proposes shift to annual COVID vaccine shots

Jan 23 (Reuters) – The US health regulator on Monday proposed one dose of the latest updated COVID-19 shot annually for healthy adults, similar to the influenza immunization campaign, as it aims to simplify the country’s COVID-vaccine strategy. The US Food and Drug Administration also asked its panel of external advisers to consider the usage …

US FDA proposes shift to annual COVID vaccine shots Read More »

Bank of Japan’s policy tweak drew rare request from government for a break

TOKYO, Jan 23 (Reuters) – Government officials who attended the Bank of Japan’s December policy meeting were given a half-hour adjournment to contact their ministries, minutes showed, underscoring the significance of the central bank’s decision to tweak its bond-market peg. At the Dec. 19-20 meeting, the BOJ kept its ultra-easy monetary policy but shocked markets …

Bank of Japan’s policy tweak drew rare request from government for a break Read More »