economy

Asian shares tick up U.S. data bolsters reopening hopes

Asian shares edged up to near three-month highs on Wednesday and global equities held steady near a record as data…

4 years ago

TSMC says has begun construction at its Arizona chip factory site

Taiwan Semiconductor Manufacturing Co Ltd (2330.TW) (TSMC) has started construction at a site in Arizona where it plans to spend…

4 years ago

AMC shares soar nearly 23% after fund buys and flips $230 mln stake

A hedge fund that helped AMC Entertainment Holdings (AMC.N) raise $230 million quickly sold its stake in the world’s largest…

4 years ago

Stocks loiter around peaks as traders wait for data

Stocks chopped around record peaks on Tuesday, while the dollar was pinned near recent lows, as markets awaited U.S. jobs…

4 years ago

S.Korea’s inflation hits 9-year high as commodity prices jump

South Korea's consumer inflation accelerated to a more than nine-year high in May, reinforcing calls for gradual monetary tightening, though…

4 years ago

S&P 500 dips, as healthcare weighs; Dow ends higher

The S&P 500 (.SPX) dipped on Tuesday, with declines in healthcare and tech shares countered by energy and financial gains,…

4 years ago

Oil extends gains on OPEC+ supply discipline and demand prospects

Oil rose on Wednesday, supported by an OPEC+ decision to stick to its plan to restore supply to the market…

4 years ago

Biden suspends Trump-era oil and gas leases in Alaska refuge

U.S. President Joe Biden's administration on Tuesday said it would suspend oil and gas leases that were handed out in…

4 years ago

Analysis: China’s banks are bursting with dollars, and that’s a worry

A mountain of dollars on deposit in China has grown so large that banks are struggling to loan the currency…

4 years ago

U.S. manufacturing gains steam; raw material, labor shortages mounting

U.S. manufacturing activity picked up in May as pent-up demand amid a reopening economy boosted orders, but unfinished work piled…

4 years ago
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