MTPIX

Foxconn expects COVID-hit China plant back to full output in late Dec-early Jan -source

TAIPEI, Dec 5 (Reuters) – Apple supplier Foxconn (2317.TW) expects its COVID-hit Zhengzhou plant in China to resume full production around late December to early January, a Foxconn source said on Monday, after worker unrest disrupted the world’s biggest iPhone factory. The Zhengzhou plant has been grappling with strict COVID-19 restrictions that have fueled discontent …

Foxconn expects COVID-hit China plant back to full output in late Dec-early Jan -source Read More »

EU to adapt state aid schemes in response to US subsidy package, von der Leyen says

BRUSSELS, Dec 4 (Reuters) – The EU will adapt its state aid rules to prevent an exodus of investment triggered by a new US green energy subsidy package, the bloc’s chief executive said on Sunday. “Competition is good … but this competition must respect a level playing field,” European Commission President Ursula von der Leyen …

EU to adapt state aid schemes in response to US subsidy package, von der Leyen says Read More »

OPEC+ maintains stable policy amid weakening economy and Russia’s oil ceiling

No discussion about the ceiling price in Russia – delegates Oil prices come under pressure from weak economy Next meetings will be held on 1 February 1 and 3-4 June LONDON/DUBAI, Dec 4 (Reuters) – OPEC+ agreed to stick to oil production targets at its meeting on Sunday, as oil markets struggled to assess the …

OPEC+ maintains stable policy amid weakening economy and Russia’s oil ceiling Read More »

US job growth strong in November; wages rise

Nonfarm payrolls increase 263,000 in November Unemployment rate steady at 3.7%; participation rate falls Average hourly earnings rise 0.6%; up 5.1% year-on-year WASHINGTON, Dec 2 (Reuters) – US employers hired more workers than expected in November and increased wages despite mounting worries of a recession, but that will probably not stop the Federal Reserve from …

US job growth strong in November; wages rise Read More »

US job growth likely slowed again in November; labor market still tight

Nonfarm payrolls forecast increasing 200,000 in November Unemployment rate seen unchanged at 3.7% Average hourly earnings forecast gaining 0.3%; up 4.6% y/y WASHINGTON, Dec 2 (Reuters) – US job growth was likely the smallest in nearly two years in November as mounting worries of a recession cooled demand for labor, which could give the Federal …

US job growth likely slowed again in November; labor market still tight Read More »

Musk delivered his first Tesla truck, but no updates on production and pricing

Tesla ships first Semi to PepsiCo five years after introducing it No details on orders or capacity for electric trucks Semi uses existing Tesla cars to feature the new Supercharger December 1 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk delivered the company’s first heavy-duty Semi to PepsiCo (PEP.O) on Thursday; It did …

Musk delivered his first Tesla truck, but no updates on production and pricing Read More »

EU temporarily accepts $60 price cap for Russia’s seaborne oil

BRUSSELS, December 1 (Reuters) – European Union governments tentatively agreed on Thursday on a ceiling price of $60 per barrel for Russia’s seaborne oil – the idea of ​​Group of Seven (G7) countries – with an adjustment mechanism to keep the cap at the same level. It’s 5% below market price, according to diplomats and …

EU temporarily accepts $60 price cap for Russia’s seaborne oil Read More »

Florida pulls $2 billion from BlackRock in largest anti-ESG liquidation

December 1 (Reuters) – Florida’s chief financial officer said on Thursday that his department will withdraw $2 billion in assets managed by BlackRock Inc (BLK.N); governance (ESG) policies. The move would do almost no damage to BlackRock’s $8 trillion in assets and drew a strong response from the company, which said the move put politics …

Florida pulls $2 billion from BlackRock in largest anti-ESG liquidation Read More »