By Sam Nussey, Fanny Potkin and Miho Uranaka TOKYO (Reuters) - Japan\'s efforts to rebuild its semiconductor industry are getting a shot in the arm as more and more Taiwanese chip companies expand here - not only to support a new TSMC plant but also excited about the Japanese sector\'s prospects. The influx comes amid...
CHICAGO - Ryerson Holding Corporation (NYSE: RYI), an industrial metals processor and distributor, announced its fourth-quarter and full-year financial results for the period ending December 31, 2023. The company reported a fourth-quarter net income of $26 million with an Adjusted EBITDA, excluding LIFO, of the same amount. Despite a decrease in quarterly revenue to $1.1...
ALPHARETTA, Ga. - Avanos Medical, Inc. (NYSE: NYSE:AVNS), a medical technology company, has issued a voluntary recall for specific lots of its MIC Gastric Jejunal Feeding Tube Kits, as announced on February 21, 2024. This recall is a direct consequence of a similar action taken by Nurse Assist, LLC regarding their pre-filled syringes and sterile...
TOKYO (Reuters) - U.S. investment advisory firm Curi RMB Capital on Thursday said it demands that Japan Aviation Electronics and its majority shareholder NEC Corp cancel the ongoing tender offer and reconsider alternative buyout offers they have received. Japan Aviation\'s current tender offer \"does not represent the best interest\" of shareholders of both companies, Curi...
-- Most Asian stocks retreated on Wednesday, tracking overnight weakness in Wall Street as risk sentiment wavered ahead of more cues from the Federal Reserve and key earnings from artificial intelligence giant NVIDIA Corporation (NASDAQ:NVDA). Chinese markets, however, saw extended gains as they recovered further from five-year lows. A bigger-than-expected interest rate cut by the...
-- Most major Asian chipmaking stocks moved in a flat-to-low range on Wednesday, tracking overnight declines in NVIDIA Corporation (NASDAQ:NVDA) as markets awaited more cues on an AI-driven boom from the chipmaker’s fourth-quarter earnings. Nvidia wiped out about $100 billion in market capital on Tuesday, also seeing a measure of profit-taking as investors waited to...
(Reuters) - Pilots at Network Aviation, a subsidiary of Qantas Airways, has called off their four-day strike plan from Thursday to enable evacuation flights if required due to the threat from ex-Tropical Cyclone Lincoln, a pilots union said. The pilots at Network Aviation, which conducts charter flights from mines in Western Australia, made the decision...
-- Shares of major Australian mining stocks fell sharply on Wednesday, tracking a decline in iron ore prices amid growing concerns that worsening global economic conditions will dent demand for the steel-making material. BHP Group Ltd (ASX:BHP) and Rio Tinto Ltd (ASX:RIO)- Australia’s two biggest mining companies by market capital, slid 2.2% and 1.6%, respectively....
-- Asia-focused lender HSBC Holdings PLC (HK:0005) (LON:HSBA) clocked weaker-than-expected profit growth for 2023, but still marked a record-high pre-tax profit as it benefited greatly from higher interest rates across the globe, with the bank also announcing an up to $2 billion buyback. HSBC’s profit before tax for the year to December 31 rose to...
By Selena Li and Lawrence White HONG KONG/LONDON (Reuters) -HSBC Holdings reported a record annual profit, that nonetheless came in below analysts\' forecasts as the income boost from higher interest rates was offset by a hefty $3 billion charge from its stake in a Chinese bank. HSBC, which has a market value of $160 billion,...