More investors turning sour on emerging markets – HSBC survey
More than one in four investors feel ‘bearish’ about emerging markets, an HSBC survey showed on Wednesday, as slowing economic growth and the spectre of tighter monetary policy in the United States clouds the outlook.
Analysis: Made in Canada: Factories see silver lining in supply chain woes
Global shipping and supply chain bottlenecks are encouraging Canadian firms to bring production back home, but some companies would have to absorb higher costs and build expertise in certain sectors for local manufacturing to pick up pace.
U.S. marshals other nations, challenges OPEC+ with release of oil reserves
The administration of U.S. President Joe Biden announced on Tuesday it will release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Britain, to try to cool prices after OPEC+ producers repeatedly ignored calls for more crude.
Apple files lawsuit against NSO Group, saying U.S. citizens were targets
Apple Inc (AAPL.O) said on Tuesday it has filed a lawsuit against Israeli cyber firm NSO Group and its parent company OSY Technologies for alleged surveillance and targeting of U.S. Apple users with its Pegasus spyware.
Asian shares on edge as U.S. bond yields rise, oil volatile
Share markets were jittery in early Asia on Wednesday as trading was buffeted by a step-up in U.S. Treasury yields as well as volatile oil prices in the face of price-cooling moves by the United States and other nations.
EXCLUSIVE Major Toshiba shareholder objects to break-up, urges board to solicit offers
Toshiba Corp’s (6502.T) second-largest shareholder on Wednesday objected to the Japanese conglomerate’s plan to split itself into three companies and called on it to instead solicit offers from potential buyers.
Samsung to pick Taylor, Texas, for its $17 bln chip plant – WSJ
South Korean tech giant Samsung Electronics Co Ltd (005930.KS) said on Tuesday it had not made a final decision on the location of a new $17 billion chip plant in the United States, after the Wall Street Journal reported it would be Taylor, Texas.
Zoom shares fall after results as Wall Street turns cautious on growth
Zoom Video Communications Inc’s (ZM.O) third-quarter revenue growth rate slowed to 35% as demand for its video-conferencing tools eased from the pandemic-fueled heights last year, sending its shares down about 6% on Monday.
Shell launches shareholder talks to win backing for HQ move, sources say
Royal Dutch Shell (RDSa.L) has launched talks with investors to secure support for its plan to relocate its headquarters from the Netherlands to Britain, sources said, as a leading advisory recommended backing the move at a December vote.
U.S. not heading toward COVID lockdown, White House says
The United States does not need to impose a lockdown or shut down its economy to curb the spread of COVID-19 and will rely on other tools, White House COVID-19 response coordinator Jeff Zients said on Monday.
