BERLIN (Reuters) -Germany’s expert commission charged with drawing up plans to ease the impact of soaring gas prices on consumers agreed on a set of proposals early on Monday, sources close to the talks said. A draft of a paper seen by Reuters earlier showed the commission favoured the state giving households and businesses a…
TOKYO (AP) — Asian shares were mostly lower on Tuesday as losses in technology-related shares weighed on global benchmarks. Taiwan dropped 4% after reopening from a holiday in the first trading session since the U.S. imposed new limits on exports of semiconductors and chip-making equipment to China. TMSC, the world’s biggest chipmaker, plunged 7.8%. Japan’s…
By Wayne Cole SYDNEY (Reuters) – Stocks slipped in Asia on Monday after a surprise drop in U.S. unemployment quashed any thought of a pivot on policy tightening ahead of a reading on inflation which is expected to see core prices move higher again. Geopolitical tensions added to the uncertainty as markets waited to see…
(Reuters) – Singapore Telecommunications Ltd said on Monday its Australian unit Dialog Pty faced a cyber attack that potentially affected fewer than 20 clients, just weeks after a massive data breach at another unit Optus. The massive cyber breach at Optus, Australia’s second-largest mobile operator, late last month compromised data of up to 10 million…
SHANGHAI (Reuters) – Shares in Chinese semiconductor companies slumped on Monday, following the latest U.S. crackdown on China’s chipmaking industry to slow Beijing’s technological and military advances. The Biden administration published a sweeping set of export controls on Friday, including a measure to cut China off from certain semiconductor chips made anywhere in the world…
By Arshad Mohammed and Kanishka Singh WASHINGTON (Reuters) -China’s ambassador to the United States thanked Elon Musk for proposing a special administration zone for Taiwan, while Taiwan’s de facto ambassador to Washington reprimanded the billionaire saying its “freedom and democracy are not for sale.” “Taiwan sells many products, but our freedom and democracy are not…
BERLIN (Reuters) – Germany’s expert commission charged with drawing up plans to ease the impact of soaring gas prices on consumers favors a one-off payment this year and a price break from next March or April, a draft of a key paper seen by Reuters showed. The commission favors the state giving households and businesses…
(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever The dollar wrecking ball is swinging its way through world markets again, after a solid U.S. jobs report strengthened the view that the Fed will deliver a fourth consecutive 75 basis- point rate hike at its next meeting. Wall Street tanked…
By Krystal Hu and Anirudh Saligrama (Reuters) -Electric vehicle maker Tesla Inc sold 83,135 China-made vehicles in wholesale in September, smashing its record of monthly sales in China, according to a report released on Sunday by the China Passenger Car Association (CPCA). The number marks an 8% increase from August and outpaced the more than…
(Reuters) – Tesla Inc sold 83,135 China-made vehicles in wholesale in September, smashing its record of monthly sales in China, the China Passenger Car Association (CPCA) said on Sunday. (Reporting by Krystal Hu in San Francisco and Anirudh Saligrama in Bengaluru; Editing by Lisa Shumaker)
