By Stella Qiu SYDNEY (Reuters) – Australia’s current account surplus widened in the March quarter, helped by strong exports of resources and travel services, with net exports proving to be a much smaller drag on growth than first thought. Data from the Australian Bureau of Statistics on Tuesday showed the current account surplus widened to…
By Dave Graham MEXICO CITY (Reuters) -Mexico’s ruling party comfortably captured a major historic stronghold of the opposition in an election on Sunday, consolidating President Andres Manuel Lopez Obrador’s hold on power ahead of the battle to succeed him next year. Lopez Obrador’s leftist National Regeneration Movement (MORENA) won the State of Mexico gubernatorial contest…
By Katherine Masters NEW YORK (Reuters) – Stocking shelves with low-priced notebooks and slashing prices on sneakers and uniforms, major retailers including Walmart, Foot Locker and Marks & Spencer are preparing for a challenging back-to-school shopping season this year. U.S. shoppers’ spending in the summer ahead of the college and K-12 school year has grown…
TAIPEI (Reuters) – Taiwanese chipmaker TSMC said on Tuesday it expects its performance to be better in the second half of the year than the first. First half revenue is expected to drop 10% year-on-year in U.S. dollar terms, CEO C.C. Wei told the company’s annual shareholders meeting. (Reporting by Faith Hung and Ben Blanchard;…
TAIPEI (Reuters) – Taiwanese chipmaker TSMC said on Tuesday it expects its performance to be better in the second half of the year than the first. First half revenue is expected to drop 10% year-on-year in U.S. dollar terms, CEO C.C. Wei told the company’s annual shareholders meeting. (Reporting by Faith Hung and Ben Blanchard;…
By Kantaro Komiya and Kaori Kaneko TOKYO (Reuters) – Japan’s wages rose in April as major companies lifted pay at the fastest pace in three decades on workers’ increased demands for salaries to keep up with inflation, but households’ spending remained weak and underlined a patchy economic recovery. The April wage data provides an early…
WASHINGTON (Reuters) – Robert Hanssen, the former FBI agent turned spy whom the bureau describes as the most damaging in its history, was found dead in his prison cell on Monday, U.S. authorities said. Hanssen, 79, was sentenced in 2002 to life in prison after pleading guilty to spying for the Soviet Union and later…
(Reuters) – One of the most notable happenings at Apple’s event for developers on Monday is likely the iPhone maker’s tweak that will keep its autocorrect feature from annoyingly correcting one of the most common expletives to “ducking.” “In those moments where you just want to type a ducking word, well, the keyboard will learn…
MEXICO CITY (Reuters) – Mexico on Monday pitched a series of tax incentives aimed at luring companies into investing in a business corridor that President Andres Manuel Lopez Obrador is developing in a southern isthmus in hopes of competing with the Panama Canal. The finance ministry said companies that invest in the so-called Inter-Oceanic Corridor…
By Julie Steenhuysen CHICAGO (Reuters) – Adding an experimental mRNA-based vaccine from Moderna Inc and Merck & Co reduced the risk that the most deadly skin cancer would spread by 65% over treatment with an immunotherapy alone in a mid-stage trial, the companies reported on Monday. With this and earlier data, Moderna is considering seeking…
