Reeling From China’s Crackdown, Alibaba And Tencent Readying Big Job Cuts – Sources
By Julie Zhu, Yingzhi Yang and Yew Lun Tian (Reuters) – Alibaba Group and Tencent Holdings are preparing to cut…
2022
China tries to calm markets by pledging support for economy
BEIJING (AP) — China’s government tried Wednesday to reassure jittery investors by promising support for real estate and technology companies…
NortonLifeLock’s $8.6 Billion Avast Deal Faces In-depth UK Probe
(Reuters) -U.S. cybersecurity firm NortonLifeLock Inc’s $8.6 billion purchase of rival Avast Plc will face an in-depth probe by Britain…
Asian stocks follow Wall Street higher after Fed rate hike
BEIJING (AP) — Asian stock prices surged for a second day Thursday after the Federal Reserve announced its first interest…
Inditex Says 2021 Net Profit More Than Doubled From 2020
MADRID (Reuters) -Zara owner Inditex reported on Wednesday its net profit more than doubled in 2021 to 3.2 billion euros…
Cargo Ship Runs Aground In U.S., A Year After Sister Vessel Blocked Suez Canal
(Reuters) -The Ever Forward container ship is currently grounded in the Chesapeake Bay near Baltimore, according to the U.S. Coast…
Apple Supplier Foxconn’s Q4 Profit Beats Estimates
TAIPEI (Reuters) -Taiwan’s Foxconn, the world’s largest contract electronics maker which counts technology giants such as Apple Inc among its…
Analysis: Strong Asian Rice Demand For Animal Feed Sparks Food Supply Worries
By Naveen Thukral SINGAPORE (Reuters) – A surge in wheat and corn prices is boosting demand for low-grade rice in…
Barclays’ VXX Price Jump Drives Double-digit Gains For Volatility Arbitrage Fund
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Days before Thanksgiving, Kris Sidial, a co-founder at volatility arbitrage fund The…
China Feb New Home Price Growth Stalls As Demand Remains Frail
BEIJING (Reuters) -China’s new home prices stalled in February after eking out a small gain a month earlier, official data…