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Foxconn fine for unauthorised China investment likely to be imposed soon – source

Foxconn, the world's largest contract electronics maker, is likely to be fined soon by Taiwan's government for an unauthorised investment…

3 years ago

U.S. finalizes $2.5 billion loan to GM, LG battery joint venture

The U.S. Energy Department said on Monday it had finalized a $2.5 billion low-cost loan to a joint venture of…

3 years ago

Exclusive: Temasek considers sale of Advanced MedTech, likely valued at about $1 bln – sources

Temasek Holdings is exploring selling Advanced MedTech, multiple sources told Reuters on Monday, after the medical devices firm, fully-owned by…

3 years ago

WeWork to exit 40 U.S. locations to cut costs, revenue outlook disappoints

WeWork Inc said on Thursday it will exit about 40 locations across the United States and forecast current-quarter revenue below…

3 years ago

Kanye West to buy social media app Parler

American rapper Kanye West, who now goes by Ye, has proposed to buy Parler, the social media platform popular among…

3 years ago

Exclusive: India demands nearly $250 million from Pernod for undervaluing imports

Indian authorities have demanded $244 million from the local unit of French spirits giant Pernod Ricard for undervaluing concentrate imports for…

3 years ago

Gap posts surprise profit on Banana Republic boost; withdraws forecasts

Gap Inc (GPS.N) reported a surprise quarterly profit on Thursday on demand for dressier clothes at its Banana Republic brand, while an…

3 years ago

BNPL lender Affirm’s shares tumble after gloomy full-year revenue forecast

Shares of Affirm Holdings Inc (AFRM.O) tumble 13% in premarket trading on Friday after the buy-now-pay-later lender's full-year revenue forecast missed Wall…

3 years ago

Canada’s TD, CIBC profits beat estimates; loan growth offsets higher costs, provisions

Toronto-Dominion Bank (TD.TO) and Canadian Imperial Bank of Commerce (CM.TO) posted better-than-expected third-quarter profits on Thursday, with the former driven by lower provisions for…

3 years ago

Gas price surge, recession fears weigh on European shares

European shares slipped on Tuesday as investors fretted about soaring energy prices and a weak economic outlook after data showed…

3 years ago