By Yimou Lee and Sarah Wu TAIPEI (Reuters) – Apple Inc supplier Foxconn on Wednesday said it plans to ramp up investment outside of China and efforts to attract automakers to its contract manufa[...]
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March 15, 2023
U.S. consumer finance watchdog opens inquiry into data brokers
By Hannah Lang (Reuters) – The U.S. consumer finance watchdog launched an inquiry on Wednesday to examine companies that track and collect personal data, requesting public feedback about the bus[...]
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Signature Bank faced criminal probe ahead of its collapse – Bloomberg News
(Reuters) -U.S. prosecutors were investigating Signature Bank’s association with crypto clients before regulators suddenly seized the lender last weekend, Bloomberg News reported on Tuesday, cit[...]
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Credit Suisse stock slump triggers close monitoring by regulators
By Noele Illien ZURICH (Reuters) – Credit Suisse shares slumped by as much as 30% on Wednesday after its largest shareholder said it could not provide further support, prompting the Swiss bank[...]
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U.S. business inventories fall for first time in nearly two years
WASHINGTON (Reuters) – U.S. business inventories fell for the first time in nearly two years in January, potentially setting up inventory investment to be a drag on economic growth in the first[...]
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T-Mobile scoops up owner of Ryan Reynolds-backed Mint Mobile for $1.35 billion
(Reuters) -T-Mobile US Inc said on Wednesday it would buy Ka’ena Corp, the owner of Ryan Reynolds-backed budget service provider Mint Mobile, for up to $1.35 billion, as the telecom operator loo[...]
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U.S. SEC has responsibility to protect for financial stability- Chair Gensler
By Douglas Gillison (Reuters) – The top U.S. markets regulator on Wednesday renewed a vow to prosecute any misconduct threatening global markets, saying it had a responsibility to protect market[...]
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BMW cautiously optimistic on 2023, EV targets ahead of schedule
By Victoria Waldersee BERLIN (Reuters) – BMW expects over 50% of new sales to be all-electric vehicles well ahead of its 2030 target and could envision a hydrogen-powered car going into producti[...]
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Biden administration looks to free up wireless spectrum for advanced technology
By David Shepardson WASHINGTON (Reuters) -The Biden administration on Wednesday launched an effort to identify significant wireless spectrum that can be repurposed for advanced technology needs and so[...]
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