By Joyce Lee SEOUL (Reuters) -Samsung Electronics Vice Chairman Jay Y. Lee hosted U.S. President Joe Biden’s tour of a semiconductor plant in South Korea, after being excused from attending an accounting fraud trial hearing on Friday, a court spokesperson said. Lee was seen accompanying Biden and South Korean President Yoon Suk-yeol as the two…
By Toby Sterling VELDHOVEN, Netherlands (Reuters) – ASML, a semiconductor industry and stock market giant, has to think smaller. Or maybe bigger. It is building machines the size of double-decker buses, weighing over 200 tonnes, in its quest to produce beams of focused light that create the microscopic circuitry on computer chips used in everything…
LONDON (Reuters) – The trillions wiped off global markets in recent weeks has triggered a contrarian ‘buy’ signal from BofA’s closely-followed ‘Bull & Bear’ sentiment indicator, while emerging markets are seeing their toughest time since the peak of the COVID crash. Fears that inflation and fast-rising rates will send major economies into recession have sent…
(Reuters) – Central banks are wrestling with inflation and sliding stocks are feeling the heat, leaving investors to ponder just where the so-called “Fed put” has gone. Meeting minutes from the world’s foremost policy makers may shed some light, while New Zealand and South Korean central banks ponder how big their rate hikes need to…
KOENIGSWINTER, Germany (AP) — The Group of Seven leading economies agreed Friday to provide $19.8 billion in economic aid to Ukraine to help keep tight finances from hindering its ability to defend itself from Russia’s invasion. German Finance Minister Christian Lindner told reporters that $9.5 billion of the total amount was mobilized at meetings of…
By Dominique Vidalon PARIS (Reuters) -Air France-KLM said on Friday it had entered exclusive talks with private equity firm Apollo for a 500 million euro ($529 million) capital injection for one of its engineering and maintenance units to help repay French state aid. “The proceeds of the transaction would enable Air France-KLM and Air France…
STOCKHOLM (Reuters) – A Stockholm restaurant crew is wearing cotton aprons that capture greenhouse gas from the air, in a pilot of a technique developed by H&M-backed researchers as the fashion industry struggles to lower its climate impact. The textile industry has a large carbon footprint, something fashion giants are under increasing pressure to address…
By Andy Bruce LONDON (Reuters) -British retail sales jumped unexpectedly in April as shoppers loaded up on alcohol and tobacco, likely a blip in an otherwise bleak trend that has driven consumer confidence to all-time lows amid a worsening cost-of-living crunch. Retail sales volumes rose 1.4% month on month after a 1.2% drop in March,…
By Fransiska Nangoy and Bernadette Christina JAKARTA (Reuters) – Indonesia will reimpose a domestic sales requirement on palm oil, the government said on Friday, a day after the world’s biggest producer of the key edible oil reversed a ban on its export. President Joko Widodo’s government has made several reversals on palm oil policy since…
By John O’Donnell and Christoph Steitz FRANKFURT (Reuters) – German big business is drafting a plan to use an auction system to help ration available supplies in the event Russia cuts off its gas, although some fear it could punish smaller firms. Discussions on possible rationing have gathered urgency after Russia halted gas supplies to…
