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Dollar climbs ahead of busy week for central banks
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Cyber officials from 37 countries, 13 companies to meet on ransomware in Washington
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German union calls for strikes at Airbus, other companies
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UK PM Rishi Sunak congratulates Lula on Brazil election victory
Output of Apple iPhones at major China plant could fall 30% amid COVID curbs -source
Date: October 31, 2022
By Yimou Lee TAIPEI (Reuters) – Production of Apple Inc’s iPhones could slump by as much as 30% at one of the world’s biggest factories next month due to tightening COVID-19 curbs in China, a person with direct knowledge of the matter said on Monday. Manufacturer Foxconn, formally Hon Hai Precision Industry Co Ltd, is...
Seoul crush hits storied Itaewon nightlife district on verge of renewal
Date: October 31, 2022
By Ju-min Park, Hyonhee Shin and Soo-hyang Choi SEOUL (Reuters) -With “Hooker Hill” and snaking alleyways of bars with signs like “BADASS” around the local landmark Hamilton Hotel, Seoul’s Itaewon district was a symbol of freewheeling nightlife in the South Korean capital for decades, before tragedy struck. The crush of partygoers on Saturday night that...
Oil slips on China COVID curbs, weak factory activity data
Date: October 31, 2022
By Florence Tan and Emily Chow SINGAPORE (Reuters) -Oil prices fell on Monday following weaker-than-expected factory activity data out of China and on concerns its widening COVID-19 curbs will curtail demand. Brent crude futures dropped 63 cents, or 0.7%, to $95.14 a barrel by 0420 GMT, after slipping 1.2% on Friday. U.S. West Texas Intermediate...
Apple workers in Australia gear up for more strike action
Date: October 31, 2022
By Lewis Jackson SYDNEY (Reuters) – Hundreds of Apple workers in Australia are set to strike again after almost two-thirds of employees rejected a pay and benefits deal, the latest escalation of a fight that has seen weeks of walkouts at stores around the country. Results released on Monday show 68% of Apple workers rejected...
Stocks rally wobbles as Fed hike draws near
Date: October 31, 2022
By Tom Westbrook SINGAPORE (Reuters) – Asian stock markets wobbled higher on Monday as hopes waned that the U.S. Federal Reserve might take a less aggressive approach on rate hikes, while wheat leapt on Russia’s withdrawal from a pact allowing Ukrainian grain to transit the Black Sea. MSCI’s broadest index of Asia-Pacific shares outside Japan...
Fresenius Medical cuts outlook on slower recovery, rising costs
Date: October 31, 2022
BERLIN (Reuters) -Kidney dialysis provider Fresenius Medical Care (FMC) on Sunday revised down its forecast for 2022, expecting net income to decline this year, dragged down by rising labour costs and a slower than expected recovery in North America business. The company now expects net income to decline in the high-teens to mid-20s percentage range...