OAKLAND, California (Reuters) – U.S. memory chip firm Micron Technology, Inc said on Thursday it would invest up to $825 million in a new chip assembly and test facility in Gujarat, India, its first factory in the country. Micron said that with support from the Indian central government and from the state of Gujarat, the…
LONDON (Reuters) – A spokesperson for Amazon declined to comment on Thursday on a Times newspaper report that highlighted talk of potential bid interest in British online supermarket group Ocado. Ocado shares were up 43% by 0923 GMT on the London Stock Exchange following the report. (Reporting by James Davey and Muvija M, Editing by…
By Chuck Mikolajczak NEW YORK (Reuters) -Meta Platforms will return to its former status as a full growth stock after financial data provider FTSE Russell finishes its annual shakeup of its stock index components on Friday. The so-called Russell Reconstitution is important because it causes portfolio managers to scramble to readjust their holdings to better…
By Allison Lampert and Aditi Shah PARIS/NEW DELHI (Reuters) – Standing at a small booth among a row of other Japanese aerospace suppliers at the Paris Airshow, Yoko Konno is excited at the prospect of new orders for her company, but frowns at long delays to get titanium and the rising cost of chemicals. “It…
By Louise Dalmasso PARIS (Reuters) -A French robot that can dive to 20,000 feet (6,000 metres) underwater is on its way to help find a tourist submersible that vanished as it descended to the Titanic wreck and it could help free the sub if it is trapped, its operator said on Wednesday. The unmanned robot,…
By Milana Vinn NEW YORK (Reuters) – When a senior Goldman Sachs technology banker delivered a grim prediction to his colleagues earlier this year, it marked the beginning of downturn that would result in some bankers leaving. Mergers and acquisitions among technology companies could be down as much as 80% in 2023, Sam Britton, one…
A look at the day ahead in U.S. and global markets from Mike Dolan Even if investors sense light at the end of the tunnel, Western central banks are clearly not finished tightening credit just yet – certainly not in ‘inflation outlier’ Britain. Federal Reserve chair Jerome Powell threw more cold water on hopes for…
MOSCOW (Reuters) – A Russian court on Thursday rejected U.S. reporter Evan Gershkovich’s appeal against his pre-trial detention on charges of espionage that he denies, a Reuters reporter at the court said. Gershkovich, 31, was arrested in March and accused by the FSB security service of collecting military secrets in the Urals city of Yekaterinburg….
SEOUL (Reuters) – Netflix co-CEO Ted Sarandos pledged on Thursday that its bumper investment in South Korean content would not bypass young local talent, after calls by some lawmakers for the streaming giant to share more profits with creators. South Korea has created some of the Californian company’s biggest shows, which have become synonymous with…
PARIS (Reuters) – President Macron hosts a summit in Paris starting Thursday to discuss reform of the world’s multilateral finance institutions in the face of climate change and other development challenges. A key topic of discussion will be suggestions from a groupof developing countries, led by Barbados, dubbed the ‘BridgetownInitiative’. The key demands of the…
