By Jane Lanhee Lee and David Shepardson PHOENIX/WASHINGTON (Reuters) -Taiwan chipmaker TSMC plans to build a second chip plant in Arizona and more than triple its initial investment to $40 billion, es[...]
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Asia
U.S. agency opens safety probes into Honda, Jeep, Ram vehicles
By David Shepardson WASHINGTON (Reuters) – The U.S. National Highway Traffic Safety Administration (NHTSA) is opening new safety probes into 1.72 million Honda vehicles, 230,000 Jeeps and 390,07[...]
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Marketmind: When bad news is bad news
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Two steps forward, one step back. What Asian markets have gained recently on Fed Chair Jerome Powell[...]
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Oil prices slump to pre-Ukraine crisis levels on economic jitters
By Shariq Khan NEW YORK (Reuters) -U.S. oil prices fell in frenzied trading on Tuesday to their lowest settlement levels this year, with Brent finishing below $80 per barrel for the second time in 202[...]
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Stocks slide, dollar gains as market gauges Fed’s rate policy
By Herbert Lash and Alun John NEW YORK/LONDON (Reuters) -Global stocks headed for a third straight day of losses and the dollar rose on Tuesday as the market weighed how long the Federal Reserve would[...]
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UAW calls on automakers to move supply chain out of Xinjiang region
By David Shepardson WASHINGTON (Reuters) – The United Auto Workers (UAW) union called on automakers to shift their entire supply chain out of China’s Xinjiang region after a new report on[...]
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Poor countries’ debt servicing is the costliest since 2000 – World Bank
By Rodrigo Campos NEW YORK (Reuters) – The poorest countries in the world now spend over a tenth of their export income to service external debt, the highest proportion since 2000, the World Ban[...]
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Gulf states, looking East, to reinforce economic ties with China as Xi visits Saudi
By Rachna Uppal DUBAI (Reuters) – Trade and investment ties between China and Gulf Arab states are expected to feature prominently in President Xi Jinping’s visit to Saudi Arabia this week[...]
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Airlines see return to profit in 2023, clash with airports
By Emma Farge GENEVA (Reuters) -Global airlines are predicting their first industry-wide profit since 2019 next year as air travel rebounds from COVID-19 restrictions, while a new war of words erupted[...]
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