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November 27, 2021

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Malaysia’s ATA takes ‘serious view’ of forced labour allegations, whistleblower claims

Reuters
A Dyson employee shows a Dyson 360 Eye robot vacuum cleaner without its cover during the IFA Electronics show in Berlin September 4, 2014. REUTERS/Hannibal Hanschke/File Photo Register now for FREE unlimited access to reuters.com Register ATA says hired consultants, lawyers to review claims Whistleblower allegations ‘may be unjustified’ –......

China asks Didi to delist from U.S. on data security fears – Bloomberg News

Reuters
SHANGHAI, Nov 26 (Reuters) – Chinese regulators have asked top executives of ride hailing giant Didi Global Inc (DIDI.N) to devise a plan to delist from the New York Stock Exchange due to concerns about data security, Bloomberg News reported. China’s tech watchdog wants the management to take the company......

Shares in Fincantieri fall on capital increase worries

Reuters
A view of Fincantieri shipyard is seen in Monfalcone near Trieste, in northest Italy, April 21, 2016. REUTERS/Alessandro Bianchi Register now for FREE unlimited access to reuters.com Register MILAN, Nov 24 (Reuters) – Shares in Fincantieri (FCT.MI) fell 4.6% on Wednesday, hit by the prospect of a possible capital increase,......

Consortium of Japanese firms to test digital currency in coming months, launch in FY2022

Reuters
A man walks past in front of a sign board of Mitsubishi UFJ Trust and Banking Corporation, the asset management unit of Japan’s Mitsubishi UFJ Financial Group Inc. (MUFG), in Tokyo, Japan July 31, 2017. REUTERS/Issei Kato/Files Register now for FREE unlimited access to reuters.com Register Consortium includes Japan’s three......

‘Black Friday’ drags through November amid tight U.S. inventories

Reuters
CHICAGO, Nov 23 (Reuters) – Facing scarce year-end inventories and a shortage of workers, retailers are turning “Black Friday” into a month-long event. Walmart, the world’s largest retailer, said on Monday it had already started “Black Friday” discounts, such as $30 off AirPods and KidKraft dollhouses. Walmart, whose stores will......

Kellogg plans to permanently replace some workers as strike enters eighth week

Reuters
Kellogg’s cereal is shown on display during a preview of a new Walmart Super Center prior to its opening in Compton, California, U.S., January 10, 2017. REUTERS/Mike Blake/File Photo Register now for FREE unlimited access to reuters.com Register Nov 23 (Reuters) – Kellogg Co (K.N) said on Tuesday it plans......

Tencent boosts Prosus profit, e-commerce trading loss widens

Reuters
A logo of Prosus is diplayed at Amsterdam’s stock exchange building as Prosus begins trading on the Euronext stock exchange in Amsterdam, Netherlands, September 11, 2019. REUTERS/Piroschka van de Wouw/File Photo Register now for FREE unlimited access to reuters.com Register AMSTERDAM/JOHANNESBURG, Nov 22 (Reuters) – Prosus, which owns a $175......

India’s Paytm falls for second day after debut debacle

Reuters
BENGALURU, Nov 22 (Reuters) – Digital payments firm Paytm (PAYT.NS) fell for a second session on Monday, shaving off $7.75 billion from its market value since its dismal debut in India’s biggest initial public offering last week. Shares fell 17.78% as of 0733 GMT to 1,271 rupees compared with the......

India’s Modi backs down on farm reforms in surprise victory for protesters

Reuters
Government concedes to farmers ahead of key state elections Modi says failed to win the argument with small farmers Laws to be repealed in upcoming parliament session Farmers to continue protest in Delhi until laws repealed GHAZIABAD, India, Nov 19 (Reuters) – Indian Prime Minister Narendra Modi said on Friday......

Singapore business events bounce back post COVID, Hong Kong flounders

Reuters
Visitors attend the Restaurants Asia and Cafe Asia trade conventions in Singapore November 18, 2021. REUTERS/Edgar Su Register now for FREE unlimited access to reuters.com Register SINGAPORE/HONG KONG, Nov 19 (Reuters) – Singapore is hosting top executives of big global companies this week at a host of conferences, marking its......

India’s Paytm crashes in market debut, business model questioned

Reuters
MUMBAI, Nov 18 (Reuters) – Indian digital payments firm Paytm (PAYT.NS) tumbled 26% on its maiden day of trade, with investors questioning its lack of profits and the lofty valuations it gained in the country’s largest-ever IPO. While there had been some expectations that Paytm’s market debut could underwhelm, the......

Explainer: What is the SPR, the emergency oil stash Biden may tap?

Reuters
A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson/File Photo WASHINGTON, Nov 17 (Reuters) – The Biden administration is considering tapping the U.S. Strategic Petroleum Reserve (SPR)......

EXCLUSIVE U.S.-China tech war clouds SK Hynix’s plans for a key chip factory

Reuters
The logo of SK Hynix is seen at its headquarters in Seongnam, South Korea, April 25, 2016. REUTERS/Kim Hong-Ji SEOUL, Nov 18 (Reuters) – Plans by Korea’s SK Hynix (000660.KS) to overhaul a huge facility in China so it can make memory chips more efficiently are in jeopardy, sources familiar......

UPDATE In Ivory Coast, a battle to save cocoa-ravaged forests

Reuters
DJIGBADJI, Ivory Coast, Nov 17 (Reuters) – This cocoa-growing settlement was all but destroyed last year by Ivorian forest agents, leaving farmers to rake through their beans amid broken concrete and other remnants. “They set the whole village on fire,” said Alexis Kouassi Akpoue, describing the day in January 2020......

Amazon to stop accepting Visa’s UK-issued credit cards over high fees

Reuters
A visa credit card is held in front of an Amazon logo in this picture illustration taken September 6, 2017. REUTERS/Philippe Wojazer/Illustration Nov 17 (Reuters) – Amazon.com Inc (AMZN.O) said on Wednesday it would stop accepting Visa Inc (V.N) credit cards issued in the United Kingdom from next year due......

Oil prices mixed on tight inventories, demand worries

Reuters
The chimneys of the Total Grandpuits oil refinery are seen just after sunset, southeast of Paris, France, March 1, 2021. REUTERS/Christian Hartmann/File Photo Trafigura CEO Weir sees ‘very, very tight’ oil market Oil price rally set to ease as supply rebounds, IEA says Fears of COVID lockdown in Europe, rising......

Saudi PIF nearly triples U.S. stock holdings; adds Walmart, Pinterest

Reuters
DUBAI, Nov 15 (Reuters) – The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, nearly tripled its holdings of U.S.-listed stocks to $43.45 billion in the third quarter, adding shares of Alibaba Group , Walmart (WMT.N) and Pinterest (PINS.N). Its U.S.-listed stock holdings in the quarter ended Sept. 30......

Biden, needing a boost, to sign $1 trillion infrastructure bill

Reuters
WASHINGTON, Nov 15 (Reuters) – In need of a political boost, President Joe Biden will sign a $1 trillion infrastructure bill on Monday at a ceremony expected to draw Democrats and some Republicans who were instrumental in getting the legislation passed. The measure is expected to create jobs across the......

Coal stocks lose ground after Glasgow climate deal

Reuters
Smoke billows from a chimney at a coking factory in Hefei, Anhui province October 2, 2010. REUTERS/Stringer/File Photo Coal miners down in Asia Selling crimps long rally amid energy squeeze Oil, gas steady; China coal futures sink amid output surge SYDNEY, Nov 15 (Reuters) – An international agreement to reduce......

S&P Global, IHS win U.S. antitrust approval for $44 billion deal with conditions

Reuters
WASHINGTON, Nov 12 (Reuters) – Business information provider S&P Global Inc (SPGI.N) and IHS Markit Ltd (INFO.N) have won U.S. antitrust approval for their planned merger, on condition it sell some businesses and scrap a non-compete agreement with GasBuddy, the Justice Department said in a statement. The $44 billion deal......

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