TAIPEI (Reuters) – Taiwan’s President Tsai Ing-wen warned the semiconductor industry faces new and “volatile” challenges, but said her government will work with the sector to overcome them. Taiwan is home to the world’s largest contract chipmaker, TSMC, and is a major producer of semiconductors used in everything from washing machines and cellphones to data…
By Dan Fastenberg (Reuters) – The sporty all-electric car from the Netherlands resembles a BMW coupe, but is unique: It captures more carbon than it emits. “Our end goal is to create a more sustainable future,” said Jens Lahaije, finance manager for TU/ecomotive, the Eindhoven University of Technology student team that created the car. Called…
(In paragraph 7, updates CME likelihood of 100 bps rate hike) By Stephen Culp NEW YORK (Reuters) – Wall Street ended a directionless session higher on Wednesday as an on-target inflation report largely stanched the flow of Tuesday’s sell-off and investors pressed the “pause” button. All three indexes wavered throughout the day, but ultimately ended…
By Alexandra Alper WASHINGTON (Reuters) -U.S. investment in foreign chip companies is a potential concern for the Biden administration, a White House official said on Wednesday, but he stressed it has not yet made a final decision on a potential mechanism regulating U.S. investments in China. National Security Council official Peter Harrell heralded the administration’s…
Car buyers might not get the vehicle they want on time, commuter rail lines could see service disrupted, and shipments from everything from oil to livestock feed could be snarled. Those are just a few of the wide-ranging impacts a walkout by U.S. rail workers would have on the country’s industries and economy. A strike…
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stock markets stumbled for a second straight day on Wednesday as a reading on inflation did little to alter expectations the U.S. Federal Reserve will stay aggressive in fighting inflation, while the yen jumped as Japan indicated it could move to prop up the…
By David Shepardson and Jeff Mason DETROIT (Reuters) – President Joe Biden took a victory lap on Wednesday at the Detroit auto show, highlighting automakers’ increasing shift to electric vehicles and billions of dollars in new investments in battery plants. The trip to the Detroit auto show, the largest such event in North America, is…
(Corrects description of product to be made in new plant; corrects name of parent company to Bosch Group from Bosch Ltd) MEXICO CITY (Reuters) -Technology supplier Bosch Group on Wednesday announced plans to construct a 4.3 billion peso ($215 million) plant in the central Mexican state of Queretaro. Its subsidiary Bosch Rexroth will produce components…
Commuters, food producers, refineries and others could all be affected if there is a nationwide rail strike at the end of this week. Members of one union rejected a tentative agreement that their leaders had negotiated with the biggest freight railroads, and three other unions were still at the bargaining table on Wednesday. Two other…
By Andy Bruce LONDON (Reuters) – There is trouble ahead for Britain’s new finance minister Kwasi Kwarteng: a marked shift in how British assets are behaving in markets points to growing unease about the economy’s vulnerabilities. Investors around the world have typically capitalised on weakness in the pound in the past to snap up British…
