By Ben Blanchard and Jaiveer Shekhawat TAIPEI (Reuters) -Apple Inc expected on Sunday lower shipments of high-end iPhone 14 models than previously anticipated, hit by a significant production cut at a major plant in China affected by COVID-19 restrictions. “The facility is currently operating at significantly reduced capacity,” Apple said in a statement without elaborating…
TAIPEI (Reuters) -Taiwan’s Foxconn, Apple Inc’s biggest iPhone maker, said on Monday it was working to resume full production at a major plant in China’s Zhengzhou as soon as possible that has been hit by COVID-19 curbs, and revised down its fourth quarter outlook. China ordered an industrial park that houses an iPhone factory belonging…
By Wayne Cole SYDNEY (Reuters) – Asian stocks looked set for a choppy start on Monday after Beijing denied it was considering easing its zero COVID-19 policy, helping the dollar recover some losses while dealing a setback to commodities. Risk assets had rallied on Friday amid speculation China was preparing to relax its pandemic restrictions,…
(Reuters) -Australia’s No.3 lender Westpac Banking Corp on Monday reported a drop in annual profit, hurt by competition in its home lending business and a charge related to the sale of its life insurance unit. Westpac also revised its target for costs incurred up to A$8.6 billion by the 2024 financial year, citing wage increases…
(Reuters) – Australia’s no.3 lender Westpac Banking Corp on Monday reported a 1.4% drop in annual profit, hurt by pressure on margins from intense competition in home lending in the first half and a charge related to the sale of its life insurance unit. Cash earnings came in at A$5.28 billion ($3.38 billion) for year…
(Reuters) -Twitter is delaying the rollout of verification check marks to subscribers of its new $8 a month service until after Tuesday’s midterm elections, the New York Times reported on Sunday. Twitter did not immediately respond to a request for comment. The U.S. midterm elections on Tuesday will decide whether Republicans or President Joe Biden’s…
(Reuters) – Twitter is delaying the rollout of verification check marks to subscribers of its new $7.99 a month service until after Tuesday’s midterm elections, the New York Times reported on Sunday. (Reporting by Mrinmay Dey in Bengaluru)
By Gary McWilliams HOUSTON (Reuters) – Exxon Mobil Corp will take up to a $2 billion loss on the highly leveraged sale of a troubled California offshore oil and gas field that have been idled since a 2015 pipeline spill. The sale comes after a failed bid this year to restart production at the site…
(Reuters) – An already record-breaking U.S. Powerball jackpot grew to a whopping $1.9 billion one after no one secured a winning ticket in Saturday night’s drawing, according to lottery officials. The estimated $1.6 billion that was up for grabs on Saturday had been the largest lotto prize ever offered, Powerball said. To win the big…
By Mayu Sakoda, Makiko Yamazaki and Takaya Yamaguchi TOKYO (Reuters) – Disagreement over whether to keep Toshiba Corp’s management following a potential buyout caused friction between two of its suitors and is now stoking concern among banks, sources said, further complicating an already uncertain process. Japan Industrial Partners, the private equity firm since selected by…
