By Tim Kelly and Jane Lanhee Lee TOKYO/OAKLAND, Calif (Reuters) -IBM Corp and Rapidus, a newly formed chip maker backed by the Japanese government, on Tuesday announced a partnership that aims to manu[...]
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Asia
Australian firms turn pessimistic even as business remain brisk
SYDNEY (Reuters) – Australian businesses turned in a pessimistic outlook for the first time this year in November as they worried about inflation and higher interest rates taking a toll on consu[...]
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Apple’s Japan investment crosses $100 billion, CEO Cook visits chip epicentre
By Kantaro Komiya TOKYO (Reuters) – Apple Inc said on Tuesday it had invested more than $100 billion in its Japanese supply network over the last five years, as its Chief Executive Officer Tim C[...]
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Factbox-Global regulatory actions against FTX
(Reuters) – Sam Bankman-Fried, the founder of bankrupt FTX cryptocurrency exchange, was arrested on Monday in The Bahamas after being criminally charged by U.S. prosecutors. FTX and its units ha[...]
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Factbox-Recent high-profile extradition cases
By Jack Queen (Reuters) – FTX founder Sam Bankman-Fried could surrender to United States custody after his indictment and arrest in the Bahamas or fight removal under the terms of the island nat[...]
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Wall Street positive ahead of inflation data, Fed action
By Lawrence Delevingne (Reuters) -Global stocks, oil prices and the dollar rose on Monday as investors awaited the last round of transatlantic central bank interest rate hikes this year, hoping that t[...]
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U.S. auto fleet fuel efficiency flat in 2021 as Detroit Three lag
By David Shepardson WASHINGTON (Reuters) – The U.S. new vehicle automotive fleet’s fuel efficiency was flat in the 2021 model year as automakers sold more sport utility vehicles and pickup[...]
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Gold is better portfolio diversifier than bitcoin -Goldman Sachs
(Reuters) – Goldman Sachs expects gold, with its real demand drivers, to outperform the highly volatile bitcoin in the long term, the bank wrote in a Monday research note. Gold is less likely to[...]
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EU could face gas shortage next year, IEA warns
By Kate Abnett BRUSSELS (Reuters) -The European Union has enough gas for the winter but could face a shortage next year if Russia cuts supplies further, the International Energy Agency (IEA) said on M[...]
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