Author: IA PressRoom

© Reuters. FILE PHOTO: A Vietnamese national flag is seen on the rooftop of the National Assembly’s Ba Dinh hall in Hanoi November 13, 2014. REUTERS/Kham By Francesco Guarascio and Phuong Nguyen HANOI (Reuters) – Two Chinese makers of energy storage systems and batteries are weighing investments worth hundreds of millions of dollars in Vietnam, industry and government sources said. The combined value of the investments could exceed $1 billion, according to one person with direct knowledge of the discussions. A growing number of Chinese companies are launching or expanding manufacturing projects in Vietnam, a global export hub thanks to…

© Reuters. Woman holds Turkish Lira banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration By Marc Jones LONDON (Reuters) -Turkey’s lira took a 7% nosedive on Wednesday as the country’s newly re-elected government appeared to be abandoning its costly 18-month strategy of keeping the currency on a tight leash by any means necessary. Ankara has seen decades of financial market difficulties and the charts below show the challenges the lira’s weakness poses for the country’s new economic decision makers. 1/LET IT GO? A combination of a sizeable budget hole, an inflation problem and thanks to a couple of…

Former Vice President Mike Pence capped his first full day as a formally declared presidential candidate with a CNN town hall on Wednesday night in Iowa, casting himself as an experienced, traditional conservative.But his challenges in a Republican primary field dominated by former President Donald J. Trump were evident throughout the roughly 90-minute event.Mr. Pence sought at once to align himself with Trump administration actions that were cheered by many Republicans, while drawing both explicit and oblique contrasts with Mr. Trump, the front-runner for the nomination. It is a difficult balancing act for any Republican candidate, but especially for Mr.…

Investors have been piling into Tesla Inc.’s stock as it rallied toward a seven-month high and a ninth straight gain, its longest streak in more than two years. Helping fuel optimism was the news that all of the electric-vehicle giant’s lower-priced Model 3 sedans now qualify for $7,500 in federal tax credits as part of the Inflation Reduction Act, likely because of changes Tesla made to battery components. Previously only the company’s base models qualified for tax credits, and only of $3,750. The stock TSLA, +1.47% charged as much as 4.2% higher in morning trading Wednesday to the highest intraday…

A ship operator was distracted on his phone while on lookout, causing his ship to crash into another. The ships racked up $12.3 million worth of damage, per the National Transportation Safety Board. No injuries were reported in the crash, which took place in July. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app A ship operator, distracted from his lookout while texting on his phone, caused his ship to crash into another, resulting in damages of over $12 million to both ships.Bunun Queen, a…

BlackRock is buying one of Europe’s biggest providers of loans to start-ups and technology companies, as the firm continues to expand its $45bn private credit business. The world’s largest money manager is buying London-based Kreos Capital and taking on its 45 employees, BlackRock senior executive Stephan Caron said in an interview with the Financial Times, without disclosing the value of the transaction.The move will allow BlackRock’s clients to tap into the growing venture debt sector — which involves providing loans to start-ups rather than taking equity stakes — at time when appetite for private debt is booming. Since being founded…

2/2 © Reuters. FILE PHOTO: An office employee walks in front of the bank of Japan building in Tokyo, Japan, April 7, 2023. REUTERS/Androniki Christodoulou 2/2 By Leika Kihara TOKYO (Reuters) – Japan’s bitter memories of its decades-long battle with deflation hang heavily over the central bank’s deliberations to take its first modest step away from ultra-loose monetary policy, even as inflation and wages creep up. The appointment of Kazuo Ueda as Bank of Japan (BOJ) governor this year and mounting price pressures have fired up market chatter that the new chief might hasten an exit from the bold stimulus…

© Reuters. FILE PHOTO: MediaTek chips are seen on a development board at the MediaTek booth during the 2015 Computex exhibition in Taipei, Taiwan, June 3, 2015. REUTERS/Pichi Chuang TAIPEI (Reuters) – Taiwan’s top chip design company MediaTek Inc said on Thursday it will defend itself in court against accusations from Realtek that it paid a company that sues over patents a “secret litigation bounty” to file meritless lawsuits. Realtek Semiconductor Corp’s lawsuit, lodged in California, accuses MediaTek of conspiring with IPValue Management Inc in an effort to drive Realtek out of the market and monopolise the industry for chips…

President Biden on Wednesday vetoed the bill that would have scrapped his $400 billion student loan handout and vowed he wasn’t “going to back down” when it came to forgiving the college debt of millions across the country.”Folks, Republican in Congress led an effort to pass a bill blocking my administration’s plan to provide up to $10,000 in student debt relief and up to $20,000 for borrowers that received a Pell Grant. Nearly 90% of those relief dollars go to people making less than $75,000 a year,” Biden said in a video posted on Twitter. “I’m not going to back down…

iShares Russell 2000 Growth ETF declares quarterly distribution of $0.3494