News for nerds
As investors await another jumbo-sized rate increase from the Federal Reserve, they are taking the temperature of a weeks-long U.S. stock market rally that followed a vicious first-half selloff. Even after Tuesday’s sharp fall, the S&P 500 remained up 7% Read more
Japanese carmaker Toyota Motor Corp (7203.T) plans to invest 27.1 trillion rupiah ($1.80 billion) in Indonesia in the next five years to produce electric vehicles (EVs), Indonesia’s economics ministry said on Wednesday. The Southeast Asian country aims to become a Read more
Italy’s antitrust authority said on Wednesday it had opened an investigation against Samsung in Italy and two other companies over alleged misleading and aggressive commercial practices. The regulator said it was looking into the deals offered by the companies to Read more
South Koreans’ inflation expectations hit their highest in at least 20 years this month and consumer confidence fell to a two-year low, a survey showed on Tuesday, as a central bank board member pointed to risks to economic growth. In Read more
Fashion retailer Zara founder Amancio Ortega bought a 5% stake in Spanish gas grid operator Enagas’s (ENAG.MC) renewable and hydrogen unit Enagas Renovable, Enagas said on Wednesday. Ortega’s family office Pontegadea, which had already taken a 5% stake in Enagas, Read more
IT research firm Gartner said on Wednesday it expects global semiconductor sales growth to slow down in 2022 and fall 2.5% next year, hurt by weak sales of mobile phones and personal computers. Rising inflation, and higher energy and fuel Read more
Ukraine aims to strike a deal for a $15-$20 billion programme with the International Monetary Fund before year-end to help shore up its war-torn economy, the country’s central bank governor Kyrylo Shevchenko told Reuters. Battered by Russia’s invasion launched on Read more