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Reuters
Aug 29, 2022, 5:10 PM
Chinese chipmakers' shares jumped by the most in two years this week as House of Representatives Speaker Nancy Pelosi's visit to Taiwan heightened tensions with the U.S., driving patriotic bets on a sector Beijing sees as key to its rivalry with Washington.
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Reuters | Aug 29, 2022VinFast Hiring 8,000 Additional Employees To Boost ProductionVietnam's VinFast is looking to hire 8,000 more employees for its electric-vehicle plant in Vietnam as it ramps up production to deliver its first battery-powered SUVs to the United States by the end of this year, company said.1 min read
Reuters | Aug 29, 2022Oil Prices End Week On Multi-Month Lows On Recession FearsOil prices settled higher, recouping some of this week's losses on strong U.S. job growth data, but closed the week at their lowest levels since February, rattled by worries a recession could hit fuel demand.2 mins read
Reuters | Aug 29, 2022Tesla Shareholders Broadly Follow Board Recommendations At Annual MeetingTesla Inc shareholders voted for board recommendations on most issues at the company's annual meeting, including re-electing directors, approving a stock split, while rejecting proposals focused on environment and governance.2 mins read
Reuters | Aug 29, 2022Biden To Sign Bill To Boost Chipmakers, Compete With China Aug. 9 - White HousePresident Joe Biden next Tuesday will sign a bill to subsidize the U.S. semiconductor industry and boost efforts to make the United States more competitive with China, the White House said.2 mins read- Reuters | Aug 29, 2022Oil Prices Rise From Multi-Month Lows On Supply ConcernsOil prices rose slightly, bouncing off their lowest levels since February, as concern over supply shortages was countered by expected declines in fuel demand.2 mins read
Reuters | Aug 29, 2022Italy, Intel Close To $5 Billion Deal For Chip Factory - SourcesItaly is close to clinching a deal initially worth $5 billion with Intel to build an advanced semiconductor packaging and assembly plant in the country, two sources briefed on discussions told Reuters.2 mins read
Reuters | Aug 29, 2022Indian Automaker Mahindra & Mahindra Enjoys Strong First Quarter As COVID Restrictions EaseMahindra and Mahindra Ltd reported a sharp jump in first-quarter net profit on improved demand for the Indian automaker's passenger vehicles and tractors.1 min read
Reuters | Aug 29, 2022Toyota-Panasonic Battery JV To Buy Lithium From ioneer's Nevada MineA joint battery venture of Toyota Motor Corp and Panasonic Corp will buy lithium from ioneer Ltd's Rhyolite Ridge mining project and use the metal to build electric vehicle batteries in the United States.2 mins read
