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Foxconn’s woes to take bigger toll on giant China iPhone plant as more workers leave -source

November shipments from Foxconn’s Zhengzhou plant to drop further – source Workers’ discontent at the factory turned into protests this week More than 20,000 workers, mostly new recruits, left – source TAIPEI, Nov 25 (Reuters) – Foxconn’s (2317.TW) China’s flagship iPhone factory is expected to see its November shipments further reduced by the latest bout …

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Foxconn apologises for pay-related error at China iPhone plant after worker unrest

Foxconn says it is working with staff to resolve disputes Major iPhone factory rocked by protests over wages and conditions Apple says it has a team on the ground in Zhengzhou TAIPEI/SHANGHAI, November 24 (Reuters) – Foxconn (2317.TW) said on Thursday that a “technical error” related to compensation occurred when hiring new hires at a …

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Wall Street rises as Fed signals slowdown in rate hikes

Growth stocks rebound as Treasury yields fall Tesla leaps as Citigroup modernizes Nordstrom falls on reduced earnings forecast Dow Jones Industrial closed at the highest level since April Dow up 0.28%, S&P 500 up 0.59%, Nasdaq up 0.99% Nov 23 (Reuters) – Major Wall Street indexes ended Wednesday with strong gains after minutes from the …

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Stocks churn ahead of Fed minutes as oil tumbles on price cap plan

Fed Minutes for November at 7:00 p.m. GMT American Thanksgiving holiday on Thursday Stocks post weak gains globally Eurozone economic data point to recession China hit by rising COVID-19 infections LONDON, Nov 23 (Reuters) – Global stocks rebounded on Wednesday ahead of minutes of a Federal Reserve meeting that could shed light on whether the …

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Stick-wielding men smash surveillance cameras at China iPhone plant

SHANGHAI, Nov 23 (Reuters) – Men wielding batons smashed surveillance cameras and windows at a huge Apple-owned campus (AAPL.O) Foxconn supplier (2317.TW) in the Chinese city of Zhengzhou, scenes streamed live on Kuaishou’s short video platform were released on Wednesday. Hundreds of workers demonstrated on campus, home to the world’s largest iPhone factory, where many …

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Wall Street drops as hawkish Fed official comments weigh

Fed’s Bullard backs further rate hikes Data shows that the US labor market remains tight Cisco shares rise after Co raises full-year outlook Macy’s jumps on raising its earnings forecast Indices down: Dow 0.02%, S&P 0.31%, Nasdaq 0.35% Nov 17 (Reuters) – Wall Street’s major indexes ended slightly lower on Thursday in a choppy session …

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Gamers lament end of Warcraft in China as Blizzard and NetEase part ways

November 17 (Reuters) – Blizzard Entertainment (ATVI.O) and NetEase (9999.HK) caused consternation among thousands of gamers on Thursday by saying hits such as ‘World of Warcraft’ will not be available in China from next year as a 14-year partnership ended. NetEase shares closed 9% lower in Hong Kong after Blizzard said it was unable to …

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Buffett’s Berkshire discloses $4.1 bln TSMC stake

Nov 14 (Reuters) – Berkshire Hathaway Inc. (BRKa.N) said it purchased more than $4.1 billion worth of Taiwan Semiconductor Manufacturing stock (2330.TW)a rare significant foray into the tech sector by billionaire conglomerate Warren Buffett. The news sent shares of TSMC soaring, closing up 7.9% in Taiwan on Tuesday, as it bolstered investor sentiment for the …

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Wall Street ends lower as investors gauge Fed’s policy path

Losses accelerate as choppy session ends Fed’s Brainard signals slower rate hikes ahead Real estate, the main discretionary declines of the S&P sector Biogen and Lilly rise up over failure of Roche’s Alzheimer’s drug Indices down: Dow 0.63%, S&P 500 0.89%, Nasdaq 1.12% Nov 14 (Reuters) – Wall Street’s major indexes ended lower on Monday, …

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