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September 17, 2021

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GM extends EV Bolt production halt to mid-October

Reuters
A close-up view of the Chevrolet Bolt electric vehicle logo is seen at Stewart Chevrolet in Colma, California, U.S., October 3, 2017. REUTERS/Stephen Lam WASHINGTON, Sept 16 (Reuters) – General Motors Co (GM.N) said on Thursday it will extend a shutdown of a Michigan assembly plant to mid-October following a......

Asian shares fall again, dollar drifts

Reuters
A man wearing a protective face mask walks past a screen displaying a graph showing recent Nikkei share average outside a brokerage, amid the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan November 2, 2020. REUTERS/Issei Kato HONG KONG, Sept 16 (Reuters) – Asian shares gave up early gains to fall......

S.Korea fines Google $177 mln for blocking Android customisation

Reuters
Google app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo SEOUL, Sept 14 (Reuters) – A South Korea’s antitrust regulator has fined Alphabet Inc’s (GOOGL.O) Google 207 billion won ($176.64 million) for blocking customised versions of its Android operating system (OS), in the......

World shares at record high as investors count on Fed largesse

Reuters
People are reflected on an electric board showing Nikkei index and its graph outside a brokerage at a business district in Tokyo, Japan, June 21, 2021. REUTERS/Kim Kyung-Hoon Global shares firm after marking record highs for 7 days Nikkei outperforms on hope of economic stimulus Major currencies flat, Aussie eyes......

Texas city to offer Samsung large property tax breaks to build $17 bln chip plant

Reuters
The logo of Samsung is seen on a building during the Mobile World Congress in Barcelona, Spain February 25, 2018. REUTERS/Yves Herman Sept 6 (Reuters) – The city of Taylor, Texas – one of two locations in the state under consideration by Samsung Electronics (005930.KS) for a $17 billion chip......

Bento looks for collective solution after Son’s S.Korea struggles

Reuters
HONG KONG, Sept 4 (Reuters) – Head coach Paulo Bento wants his South Korea team to work together to find a solution to their scoring problems rather than leaning on the talent of Tottenham Hotspur’s Son Heung-min. The 29-year-old Premier League forward failed to find the net in the 0-0......

Global stock benchmark at new high, dollar slips

Reuters
MSCI ACWI, Nasdaq set fresh closing highs Dollar eases, yields gain, gold jumps Non-farm payrolls report misses forecast NEW YORK, Sept 3 (Reuters) – Big tech shares edged higher on Friday, helping a benchmark world stock index post a sixth consecutive closing high, after a weak U.S. jobs report likely......

Hyundai’s luxury brand Genesis to be all-electric by 2030

Reuters
The logo of South Korean car manufacturer Hyundai’s premium brand Genesis is seen at a showroom in Zurich, Switzerland May 31, 2021. REUTERS/Arnd Wiegmann Sept 2 (Reuters) – Hyundai Motors’ (005380.KS) Genesis said on Thursday it would phase out all gas-powered cars by the end of the decade and that......

S.Korea inflation at 9-year peak fuels rate hike expectations

Reuters
Aug CPI +2.6% y/y, core CPI +1.3% y/y Headline CPI stands above BOK’s 2% target for 5th month Agricultural and oil products, housing rental and services rise Nov rate hike possible if growth uncertainties ease – economist SEOUL, Sept 2 (Reuters) – South Korea’s August consumer inflation stayed at a......

Asia stocks in cautious mood, dollar near 1-mth lows

Reuters
A man wearing a face mask is seen inside the Shanghai Stock Exchange building, as the country is hit by a novel coronavirus outbreak, at the Pudong financial district in Shanghai, China February 28, 2020. REUTERS/Aly Song Asian stock markets : https://tmsnrt.rs/2zpUAr4 Asia ex-Japan index inches up to 5-week top......

U.S. Open day two | Reuters

Reuters
NEW YORK, Aug 31 (Reuters) – Highlights of the second day at the U.S. Open, the last Grand Slam tournament of the year, at Flushing Meadows on Tuesday (times GMT): 2233 SWIATEK SAFELY THROUGH Seventh seed Iga Swiatek, youngest of 12 major champions in the women’s draw, breezed into the......

Young Chinese gamers vent at Beijing’s new rules as shares in gaming companies slide

Reuters
Aug 31 (Reuters) – China’s new rules forbidding under-18s from playing video games for more than three hours a week knocked shares in Tencent Holdings Ltd (0700.HK) and other gaming companies, while young players took to social media to express their outrage. Beijing said the new rules were necessary to......

Asian shares rise on dovish Fed prospects but China caps gains

Reuters
A man wearing a protective face mask, following an outbreak of the coronavirus, talks on his mobile phone in front of a screen showing the Nikkei index outside a brokerage in Tokyo, Japan, February 26, 2020. REUTERS/Athit Perawongmetha/File Photo HONG KONG, Aug 30 (Reuters) – Asian shares perked up and......

Spurs go top of Premier League after Son sinks Watford

Reuters
LONDON, England, Aug 29 (Reuters) – Tottenham Hotspur maintained their 100% start to the Premier League season with a 1-0 win over Watford on Sunday thanks to a somewhat fortuitousfirst-half goal from Son Heung-min. Son fired a swerving free kick into the box from the left-hand side that deceived Watford......

Japan suspends 1.6 mln doses of Moderna shot days after contamination reports

Reuters
TOKYO, Aug 26 (Reuters) – Japan suspended the use of 1.63 million doses of Moderna Inc’s (MRNA.O) COVID-19 vaccine on Thursday, more than a week after the domestic distributor received reports of contaminants in some vials. Both Japan and Moderna said that no safety or efficacy issues had been identified......

Military aircraft with Afghan evacuees arrives in South Korea

Reuters
SEOUL, Aug 26 (Reuters) – Nearly 400 evacuated Afghans arrived on Thursday in Seoul, where the government said it was amending the law to allow long-term stays for those who worked on South Korean projects in Afghanistan before the Taliban seized power this month. Immigration is a contentious issue in......

Asian stocks hold gains as markets await Powell speech

Reuters
A man wearing a facial mask in Tokyo, Japan, January 4, 2021. REUTERS/Kim Kyung-Hoon HONG KONG, Aug 25 (Reuters) – Asian shares held onto their recent gains on Wednesday after last week’s pummelling, as global equities rebounded, though the focus for most asset classes was the U.S. Federal Reserve’s annual......

S.Korea set to curb Google, Apple commission dominance

Reuters
SEOUL, Aug 24 (Reuters) – South Korea is likely to bar Google and Apple from requiring software developers to use their payment systems, effectively stopping them from charging commissions on in-app purchases, the first such curbs on the tech giants by a major economy. The parliament’s legislation and judiciary committee......

Risk-on sentiment grows as Jackson Hole speech nears

Reuters
Asian stock markets: https://tmsnrt.rs/2zpUAr4 Pfizer/BioNTech vaccine gets full approval Oil prices edge up after rallying 5% on Monday Beaten-down China tech stocks advance for second session LONDON/SINGAPORE, Aug 24 (Reuters) – Global equities, bond yields and oil rose on Tuesday as a bounce in China’s tech sector, positive U.S. vaccination......

Samsung to invest $206 bln by 2023 for post-pandemic growth

Reuters
The logo of Samsung is seen on a building during the Mobile World Congress in Barcelona, Spain February 25, 2018. REUTERS/Yves Herman SEOUL, Aug 24 (Reuters) – Samsung Group will invest 240 trillion won ($206 billion) in the next three years to expand its footprint in biopharmaceuticals, artificial intelligence, semiconductors......

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