NEW YORK (Reuters) – The U.S. economy maintained a strong pace of job growth in December, with the unemployment rate falling to 3.5%, but higher borrowing costs as the Federal Reserve fights inf[...]
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January 6, 2023
Hedge fund fees fall to lowest level since 2008 financial crisis -HFR
By Nell Mackenzie LONDON (Reuters) – Hedge fund fees have dropped to their lowest level since the global financial crisis in 2008, research firm Hedge Fund Research (HFR) said on Friday, as high[...]
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Samsung’s quarterly profit plunges to 8-year low on demand slump
By Joyce Lee and Heekyong Yang SEOUL (Reuters) – Samsung Electronics Co Ltd flagged on Friday its quarterly profit tumbled by two-thirds to an eight-year low as a weakening global economy hammer[...]
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Carmaker Stellantis creates new data services business
(Reuters) – Carmaker Stellantis said on Thursday it was establishing a new business unit to help expand its data services business, part of its plans to boost revenue from software-related activ[...]
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Google Cloud to support Kuwait’s digitisation drive
DUBAI (Reuters) – Google Cloud has formed a strategic alliance with the Kuwaiti government to support digitisation efforts across the country’s public sector, the company said on Friday. M[...]
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Mercedes to launch vehicle-charging network, starting in North America
BERLIN (Reuters) – Mercedes-Benz is poised to invest billions of euros to build 10,000 fast-charging points in North America, Europe and China by 2030, the luxury carmaker said on Thursday. The[...]
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Sony, Honda roll out prototype of ‘Afeela’ EV that uses Qualcomm tech
(This Jan. 4 story has been corrected to fix spelling of CEO’s first name in the fourth paragraph) By Kiyoshi Takenaka (Reuters) – Japan’s Sony on Wednesday unveiled a prototype of t[...]
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Take Five: Welcome to 2023
LONDON (Reuters) – A potential shift by the world’s most dovish major central bank, inflation pressures abating, a turn in the economic outlook and oil markets suffering their biggest tumb[...]
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China property shares firm on more policy support, easing curbs
By Clare Jim HONG KONG (Reuters) -Shares of Chinese property developers climbed on Friday, lifted by more state support for the highly indebted sector struggling with weak sales and investments as Chi[...]
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