Hong Kong warns COVID-19 curbs on air cargo to hit goods supply
Hong Kong will soon feel the negative effects of tougher COVID-19 quarantine curbs on air crew, with cargo traffic and the supply of goods into the city set to drop, Chief Executive Carrie Lam said on Wednesday.
Philips shares slide as shortages and recall hit profits
Philips shares (PHG.AS) plunged more than 11% on Wednesday morning after the Dutch health technology company hiked the cost of its massive recall of ventilators and said earnings would take a big hit from global supply chain shortages
Analysis: Buy the bounce? Investors watch valuations, technical levels to decide
As stocks attempt to climb back from a brutal sell-off, investors are watching a variety of metrics to decide whether to buy the rally or brace for more declines.
Toshiba should overhaul board and management, major Japan pension fund says
Toshiba Corp’s (6502.T) proposal to split itself into three companies won’t solve its governance issues and the conglomerate should prioritise an overhaul of its board and management, said a senior executive at one of Japan’s largest pension funds.
Column: Like Tortoise vs Hare, ECB may ‘normalize’ before Fed
If the world’s big central banks are convinced the economic emergency is over and policy should start to return to pre-pandemic settings, the ECB is likely to beat the Fed to it.
EXCLUSIVE Morgan Stanley to award bonus rises of over 20% on Thursday to top performers -sources
Morgan Stanley (MS.N) will raise its annual bonus for top-performing staff on Thursday by more than 20%, people with direct knowledge of the matter said, with a dealmaking boom set to usher in bumper payouts by banks this year.
Analysis: As Fed rate hikes loom, China may opt for modest easing to cushion slowdown
China’s central bank is set to unveil more easing steps to support slowing growth, though it will likely favour injecting more cash into the economy than cutting interest rates too aggressively, policy insiders and economists said.
Japan urges more chip tie-ups with Taiwan at trade talks
Japan called for greater collaboration with Taiwan on semiconductors at a bilateral economic and trade meeting on Tuesday.
Volkswagen aims to double electric car sales in China this year after missing targets
Volkswagen AG (VOWG_p.DE) said it would likely double sales of its ID battery electric vehicles in China this year and aims to do even better but the automaker could be hamstrung by a shortage of semiconductors.
Explainer: How Amazon’s battle with Reliance for India retail supremacy became a legal jungle
For more than a year, Amazon.com Inc and India’s Future Group have been locked in a complex legal stand-off that has stalled Future’s $3.4 billion sale of assets to the U.S. firm’s rival Reliance Industries (RELI.NS) – with no end in sight.
