(Reuters) – Thousands of employees at Foxconn’s flagship iPhone plant in China have quit since last week, as the major Apple supplier battles the latest bout of labour unrest that began in[...]
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Asia
Rates and recession: European shares face rocky start to 2023: Reuters Poll
By Danilo Masoni MILAN (Reuters) – Tightening financial conditions and the prospect of an economic recession are going to be a toxic brew for European shares going into 2023 with a key regional[...]
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Dollar rebounds on Fed expectations, Aussie drops
By Karen Brettell NEW YORK (Reuters) – The dollar clawed back earlier losses on Monday as a hawkish Federal Reserve official laid out the case for further rate hikes, while the Australian dollar[...]
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The yuan’s the new dollar as Russia rides to the redback
By Elena Fabrichnaya and Samuel Shen MOSCOW/SHANGHAI (Reuters) – Chinese entrepreneur Wang Min is delighted about Russia’s embrace of the yuan. His LED lights company can price contracts t[...]
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Marketmind: China + policy hawks = drag on markets
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The social unrest flaring up across China – and how Beijing responds to it – remains front[...]
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Wall St falls as U.S. crude oil shakes off losses
By Sinéad Carew and Lawrence White NEW YORK/LONDON (Reuters) – Wall Street equities deepened losses on Monday while U.S. oil futures reversed course to settle higher on production rumors after s[...]
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Rare China protests roil global commodities markets
By Noah Browning, Pratima Desai and Michael Hogan LONDON (Reuters) – Global commodities markets were hit on Monday by worries over rare demonstrations in China against COVID-19 curbs, with oil a[...]
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Apple shares slip as China factory unrest fuels iPhone supply concerns
(Reuters) – Shares of Apple Inc fell 1.4% on Monday as growing worker unrest at the world’s biggest iPhone factory in China fanned worries of a deeper hit to the already constrained produc[...]
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IKEA store owner eyes more price cuts as some input costs ease
By Abhirup Roy and Shilpa Jamkhandikar MUMBAI (Reuters) – Ingka Group, the owner of most IKEA furniture stores, is planning additional price cuts as some input costs ease, its retail manager tol[...]
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