By Norihiko Shirouzu, Paul Lienert and Victoria Waldersee (Reuters) – Tesla Inc’s new vehicle-assembly system, which created instant buzz when it was unveiled in March, ignited a debate among auto manufacturing experts on whether CEO Elon Musk’s so-called unboxed process is radical, revisionist or derivative – or all of the above. Musk believes the company…
(Reuters) – Hong Kong Disneyland Resort (HKDL) said on Monday its 2022 revenue jumped 31% as the number of domestic visitors to its attractions hit a record, helping the company shrug off the effects of pandemic-related restrictions. Revenue for the 52-week year ended on Oct. 1, 2022 grew to HK$2.2 billion ($280.29 million), with the…
By Julia Harte (Reuters) -North Carolina Democratic Governor Roy Cooper on Saturday vetoed a bill that would ban most abortions after 12 weeks, a move the Republican supermajority in the state legislature is expected to quickly override, allowing the bill to become law. The measure would cut the window for most abortions in the state…
By Engen Tham and James Pomfret SHANGHAI/HONG KONG (Reuters) – China’s clampdown on its consultancy and due diligence sector has driven companies to review their operations after some tested the limits of the laws and Beijing’s patience to meet surging demand as China emerged from its COVID-lockdowns. These consultancies thrived by providing investors – from…
(Reuters) -Doyle Brunson, known as the “Godfather of Poker” for his hard-earned legacy in the game, died aged 89 in Las Vegas on Sunday, according to a family statement shared by Brunson’s agent on Twitter. “It is with a heavy heart we announce the passing of our father, Doyle Brunson. Please keep Doyle and our…
(Reuters) – The U.S. cryptocurrency enforcement tsar has said that the country was stepping up scrutiny of crypto exchanges to target illicit behavior on the platforms, the Financial Times reported on Monday. The Department of Justice (DOJ) is targeting crypto companies that engage in crimes themselves or allow crimes like money laundering to happen, Eun…
By Jamie McGeever ORLANDO, Florida (Reuters) – There’s a large swathe of the investment community convinced that 2023 will be a solid year for U.S. Treasuries as falling inflation and likely recession prompt the Fed to cut interest rates, but hedge funds are not part of it. Not one bit. The latest Commodity Futures Trading…
By Jyoti Narayan and David French (Reuters) -ONEOK Inc agreed on Sunday to buy U.S. pipeline operator Magellan Midstream Partners in a cash-and-stock deal valued at about $18.8 billion including debt, bringing natural gas-focused ONEOK into transporting refined products and oil. ONEOK will pay $25 and 0.6670 shares of ONEOK common stock for each outstanding…
By Laura Sanicola NEW YORK (Reuters) – Oil prices settled more than 1% lower on Friday, falling for the fourth consecutive week, as the market balanced supply fears against renewed economic concerns in the United States and China. Brent crude futures settled down 81 cents, or 1.1%, to $74.17 while West Texas Intermediate (WTI) U.S….
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Major economic data from China and Japan, and a central bank rate decision from the Philippines could be the main regional drivers for Asian markets this week, with investors growing increasingly nervous about the U.S. and global macro…
