Foxconn expects COVID-hit China factory to return to full capacity in late December and early January – Source

TAIPEI, Dec. 5 (Reuters) – Apple supplier Foxconn (2317.TW) It expects the COVID-hit Zhengzhou factory in China to resume full production in late December to early January, a Foxconn source said Monday, after labor unrest last month that disrupted the world’s largest iPhone factory. The world’s largest electronics maker said later Monday that revenue in … Read more

Reality destroys some of the Qataris’ dreams of renting out the World Cup

The agency says the Qatari hotel group has requested new payments Some prices have been lowered, but many properties are empty The broker says some landlords have sought unrealistic rents DOHA (Reuters) – Qatar has found itself with an unexpected glut of rooms in the packed World Cup group stage, with online portals listing rooms … Read more

First TVs, now tortilla chips: American companies set minimum prices to stop discounting

NEW YORK, Nov. 17 (Reuters) – Makers of everything from toys to wafers are increasingly placing minimum prices on their items to maintain profits and limit price cuts as retailers like Walmart do so. (WMT.N) and Amazon.com Inc (AMZN.O) Trying to attract sales from each other over the Internet. As a result, shoppers are faced … Read more

Trump’s 2024 presidential bid was a new wrinkle for the markets

NEW YORK (Reuters) – Former President Donald Trump’s entry into the 2024 presidential race on Tuesday confirmed the world’s “worst-kept secrets” and created another variable for markets that some investors say remains a low priority for now. Trump, who has launched relentless attacks on voting integrity in the United States since his defeat in the … Read more

Biden and Xi prepare to meet ahead of Ukraine-overwhelmed G20 summit

NUSA DUA, Indonesia (Reuters) – Chinese leader Xi Jinping arrived on the Indonesian island of Bali on Monday for a long-awaited meeting with U.S. President Joe Biden ahead of a set to be perilous summit of the Group of 20 nations. With tension due to the Russian invasion of Ukraine. The two leaders are expected … Read more

Analysis: FTX crash prompts investors to rethink the battered crypto market

NEW YORK/LONDON, NOV 10 (Reuters) – A week of turmoil culminating in the FTX profile of major cryptocurrency exchanges has left investors questioning the viability of a sector already suffering from the bursting of the bitcoin bubble and the shutdown of major market players. The collapse of several cryptocurrency lenders, including Celsius and Voyager, tokens … Read more

Analysis: Poor countries are at risk from elusive G-20 debt relief efforts

LONDON/WASHINGTON (Reuters) – The failure to make concrete progress on debt relief for the world’s poorest countries at the annual meeting of the International Monetary Fund and World Bank in Washington frustrated policymakers, activists and investors. Two years ago, the Group of Twenty launched the Joint Framework – a mechanism designed to provide a rapid … Read more

BreakingViews: Xi’s contract with China needs more signatures

HONG KONG, Oct 23 (Reuters) – Xi Jinping effectively secured a third term as president at the just-concluded secret meeting of the Communist Party of China. His prize: a $16 trillion economy in a weak country, dependent on American technology and facing a demographic crisis. Xi also faces popular resentment over the economic pain his … Read more

Nasdaq halts IPOs of small Chinese companies while investigating stock rally

NEW YORK, October 22 (Reuters) – Nasdaq, Inc (NDAQ.O) The brakes have been placed on preparations for the initial public offering (IPO) of at least four small Chinese companies while it investigates the short-term stock rallies of these companies after their debut, according to lawyers and bankers working to launch such shares. The exchange operator’s … Read more

Analysis: US Republicans aim to help Ukraine but are unlikely to obstruct it

WASHINGTON (Reuters) – US Republicans have the power to block aid to Ukraine if they regain control of Congress, but they are likely to slow or limit the flow of defense and economic aid rather than halt it, analysts said. . They may also use support for the Ukrainian war effort as leverage to force … Read more