By Hyunsu Yim and Jack Kim SEOUL (Reuters) – North Korea is getting ready to blow up roads that cross the heavily militarised border with South Korea, Seoul said on Monday, amid an escalating war of words after the North accused its rival of sending drones over its capital Pyongyang. North Korean troops were working…
By Ben Blanchard and Faith Hung TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co, the main producer of advanced chips used in artificial intelligence applications, is expected to report a 40% leap in third-quarter profit on Thursday thanks to soaring demand. The world’s largest contract chipmaker, whose customers include Apple and Nvidia, has benefited from the…
By Svea Herbst-Bayliss (Reuters) -Elliott Investment Management is taking its fight with Southwest Airlines to investors by calling for a special shareholder meeting where they can vote on new director candidates who would ultimately steer company strategy. In calling for the meeting, Elliott is taking a highly unusual step but one it has telegraphed for…
By Michael S. Derby (Reuters) – U.S. Federal Reserve Bank of Minneapolis President Neel Kashkari said on Monday more rate cuts likely lie ahead for the central bank as the 2% inflation target looms into sight. “As of right now, it appears likely that further modest reductions in our policy rate will be appropriate in…
