Canada’s main stock index is set to edge higher in 2024 and then notch a record high next year as the expected start of interest rate cuts by central banks bolsters the high-dividend paying stocks that make up much of the market, a Reuters poll found.
The Biden administration is turning up the heat on China’s top sanctioned chipmaker by cutting off its most advanced factory from more American imports after it produced a sophisticated chip for Huawei’s Mate 60 Pro phone, three people familiar with the matter said.
South Korea’s Samsung Electronics sold its entire remaining stake in semiconductor manufacturing equipment maker ASML in the fourth quarter of last year, a company filing showed on Wednesday.
If JD.com does acquire British electronics retailer Currys , the Chinese ecommerce giant JD.com would get the store and warehouse network it needs to expand rapidly in the UK and Europe, at a bargain-basement price.
For nearly a year, U.S. natural gas producers have slammed the brakes on production as prices fall. But relentless output gains including from oil companies that pump gas as an oil byproduct have unleashed record supplies.
Shares of Walgreens Boots Alliance fell 3% in premarket trading on Wednesday after the U.S. pharmacy chain operator lost its spot on the Dow Jones Industrial Average to Amazon , after nearly three years on the blue-chip stock index.
Capital One’s chances of getting its $35.3 billion deal for Discover Financial past regulators hinge on the bank showing it can disrupt the close-knit U.S. credit card industry, five experts in corporate law interviewed by Reuters said.
