By Carolina Mandl and Sittrarasu S NEW YORK/BANGALORE (Reuters) -Warren Buffett’s Berkshire Hathaway Inc slashed its stake in Taiwanese contract chipmaker TSMC as well as in some banks in the fourth quarter, while bolstering its holdings in Apple Inc. Berkshire cut its position in Taiwan Semiconductor Manufacturing Co Ltd (TSMC) by 86.2% to 8.29 million …
Berkshire dumps shares in TSMC, banks; increases Apple stake Read More »
TAIPEI (Reuters) – Taiwanese chipmaker TSMC said on Tuesday its board had approved a plan of capital injection of up to $3.5 billion to TSMC Arizona. TSMC in December tripled its planned investment at the Arizona chip plant, which began construction late last year, to $40 billion. The company said the capital injection is part …
TSMC approves capital injection of $3.5 billion for Arizona factory Read More »
By Byron Kaye and Roushni Nair (Reuters) -Australia’s biggest listed conglomerate Wesfarmers Ltd booked a better-than-expected interim profit as a post-lockdown rebound at its Kmart chain offset a sluggish performance from its hardware stores, sending its shares higher. The result from Australia’s 12th-largest company by market capitalisation showed the benefit of a diversification strategy spanning …
Out of lockdown, Kmart pushes Australia’s Wesfarmers to higher profit Read More »
(This Feb.3 story has been refiled to correct the spelling of brokerage in paragraph 7) By Scott Murdoch and Yantoultra Ngui SYDNEY/SINGAPORE (Reuters) – Indonesia’s Pertamina Geothermal Energy, a unit of state energy company Pertamina, has narrowed the price range for its initial public offering, according to a term sheet seen by Reuters on Friday. …
Indonesia’s Pertamina Geothermal tightens price in IPO worth up to $611 million Read More »
BEIJING (Reuters) -China resolutely opposes Washington adding six Chinese entities to its trade blacklist after a Chinese balloon was detected over the United States last week and shot down, China’s commerce ministry said on Tuesday. “China hopes the U.S. will stop unreasonable suppression of Chinese enterprises, and will take necessary measures to resolutely safeguard legitimate …
China slams U.S. for blacklisting six Chinese entities Read More »
By Andrea Shalal, Steve Holland and Lindsay Dunsmuir (Reuters) -President Joe Biden on Tuesday picked Federal Reserve Vice Chair Lael Brainard and White House economist Jared Bernstein as his top economic advisers, part of a fresh push by the Democratic president to convince skeptical Americans his economic policies are working. The decision, announced after financial …
Biden taps Brainard, Bernstein to lead economic team, braces for debt ceiling fight Read More »
By Yew Lun Tian and Steve Holland BEIJING/WASHINGTON (Reuters) – A diplomatic rift between China and the United States deepened on Tuesday with Beijing accusing Washington of flying high-altitude balloons into its airspace and that of other countries, as the U.S. military examined debris of a suspected Chinese spy balloon it downed this month. The …
Diplomatic spat deepens as U.S. examines Chinese balloon debris Read More »
By Rajendra Jadhav MUMBAI (Reuters) -India’s 2023 wheat production is likely to rise 4.1% to a record 112.2 million tonnes, the government said on Tuesday, as higher prices prompted farmers to expand crop-growing areas with high-yielding varieties and the weather remained favourable. Higher wheat output could help the world’s second-biggest producer of the grain in …
India to harvest record wheat, rapeseed crop in 2023 Read More »
By Steve Holland and Andy Sullivan WASHINGTON (Reuters) -Former U.S. ambassador to the United Nations Nikki Haley on Tuesday kicked off her campaign for the 2024 Republican presidential nomination, challenging her former boss Donald Trump, who holds a strong lead in a new Reuters/Ipsos poll. “It’s time for a new generation of leadership,” Haley said …
Nikki Haley takes on Donald Trump for 2024 U.S. Republican nomination Read More »
By Ali Kucukgocmen and Clodagh Kilcoyne ANTAKYA, Turkey (Reuters) -Nine survivors were rescued from the rubble in Turkey on Tuesday, more than a week after a massive earthquake struck, as the focus of the aid effort shifted to helping people now struggling without shelter or enough food in the bitter cold. The disaster, with a …
Nine survivors pulled from Turkey’s rubble as earthquake death toll passes 40,000 Read More »
