By Tommy Wilkes and Carolyn Cohn LONDON (Reuters) – It started out simply enough: British pension schemes were looking for a way to match their assets to future pension payments. Schemes run for pharmacy Boots and bookseller WHSmith were early adopters in the 2000s of an investment strategy of dumping stocks for bonds, to shield…
TAIPEI (Reuters) – Taiwan’s economy minister has drummed up new business worth T$30 billion ($940 million) in meetings with top executives at four major tech firms in California’s Silicon Valley, the ministry said on Saturday. Wang Mei-hua has been in the United States all week to respond to what her office has called “concerns” about…
By Doyinsola Oladipo NEW YORK (Reuters) -Apple Inc retail workers voted to form a union at an Oklahoma location, the U.S. National Labor Relations Board (NLRB) said on Friday, making it the tech giant’s second U.S. store to organize. Employees at the Apple Penn Square store in Oklahoma City voted 56 to 32 in support…
By Doyinsola Oladipo NEW YORK (Reuters) – Apple Inc retail workers voted in favor of forming a union at an Oklahoma location, the U.S. National Labor Relations Board (NLRB) said, making it the tech giant’s second U.S. store to organize. Ninety-five employees at the Apple Penn Square store in Oklahoma City, Oklahoma secured a majority,…
By Yuvraj Malik and Dawn Chmielewski (Reuters) -Rupert Murdoch has started a process that could reunite his media empire, News Corp and Fox Corp disclosed on Friday, saying they would consider combining at his behest, nearly a decade after the companies split. Both have formed special committees to review proposals of a potential combination, they…
By David Shepardson WASHINGTON (Reuters) – South Korea’s Hyundai Motor Co said Friday it will break ground this month on a $5.5 billion electric vehicle and battery plant in the United States. Hyundai plans to begin commercial production in the first half of 2025 with an annual capacity of 300,000 units. The Oct. 25 groundbreaking…
By David Randall NEW YORK (Reuters) – Gut-wrenching market volatility and attractive valuations are prompting some investors to keep their bullish views on energy stocks, one of the few bets that have thrived in an otherwise punishing year. It’s not an easy call. The S&P 500 energy sector is already up around 46% this year…
The Beyond Meat executive charged with biting a man’s nose during a fight last month left the plant-based meat company Friday amid a larger round of job cuts as the company seeks tries to offset a decline in sales. Doug Ramsey, a former Tyson Foods executive who joined Beyond Meat as its chief operating officer…
By Walter Bianchi BUENOS AIRES (Reuters) – Argentina’s monthly inflation rate came in lower than expected in September, a rare reprieve for the embattled economy and struggling residents, which may allow the central bank to pause its aggressive rate hiking cycle for the time being. The government’s INDEC statistics agency reported on Friday the monthly…
By Fergal Smith TORONTO (Reuters) – Canada’s main stock index fell on Friday as lower commodity prices pressured resource shares and investors weighed signs that Bank of Canada interest rate hikes are taking a toll on the domestic housing market. The Toronto Stock Exchange’s S&P/TSX composite index ended down 287.28 points, or 1.5%, at 18,326.25….
