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S.Korea May factory output unexpectedly declines on auto chip shortages

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SEOUL South Korea’s factory output in May unexpectedly declined from April but registered its fastest annual expansion in nearly 11 years after 2020’s pandemic-induced slide.
Industrial production fell by a seasonally adjusted 0.7% last month, Statistics Korea data showed on Wednesday, missing a 0.8% gain forecast in a Reuters survey. It followed a 1.6% contraction in April, when it marked the biggest contraction since may 2020.
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S.Korea May factory output unexpectedly declines on auto chip shortages Back to video
A breakdown of data showed production of cars shrank 6.6% from April on auto chip shortages, while that of mechanical equipments also slumped 5.6%. That offset a 5.3% rise in production of semiconductors, the country’s top export. ....

South Korea , Soult Ukpyolsi , Joori Roh , Christopher Cushing Shri Navaratnam , Standard Chartered Bank Korea , Statistics Korea , Kim Ye In , Korea Investment , Park Chong Hoon , Standard Chartered Bank , Christopher Cushing , Shri Navaratnam , தெற்கு கொரியா , ஜூரி ரோ , கிறிஸ்டோபர் குஷிங் திரு நவரட்னம் , தரநிலை பட்டய வங்கி கொரியா , புள்ளிவிவரங்கள் கொரியா , கொரியா முதலீடு , பூங்கா சோங் ஹூன் , தரநிலை பட்டய வங்கி , கிறிஸ்டோபர் குஷிங் , திரு நவரட்னம் ,

South Korea May factory output unexpectedly declines on auto chip shortages

South Korea May factory output unexpectedly declines on auto chip shortages
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South Korea May factory output unexpectedly declines on auto chip shortages
South Korea s factory output in May unexpectedly declined from April but registered its fastest annual expansion in nearly 11 years after 2020 s pandemic-induced slide.
FILE PHOTO: Workers walk past a construction site in Seoul, South Korea, October 2, 2018. REUTERS/Kim Hong-Ji
30 Jun 2021 09:10AM
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SEOUL: South Korea s factory output in May unexpectedly declined from April but registered its fastest annual expansion in nearly 11 years after 2020 s pandemic-induced slide.
Industrial production fell by a seasonally adjusted 0.7per cent last month, Statistics Korea data showed on Wednesday, missing a 0.8per cent gain forecast in a Reuters survey. It followed a 1.6per c ....

South Korea , Soult Ukpyolsi , Joori Roh , Christopher Cushing Shri Navaratnam , Standard Chartered Bank Korea , Statistics Korea , Kim Ye In , Korea Investment , Park Chong Hoon , Standard Chartered Bank , Christopher Cushing , Shri Navaratnam , தெற்கு கொரியா , ஜூரி ரோ , கிறிஸ்டோபர் குஷிங் திரு நவரட்னம் , தரநிலை பட்டய வங்கி கொரியா , புள்ளிவிவரங்கள் கொரியா , கொரியா முதலீடு , பூங்கா சோங் ஹூன் , தரநிலை பட்டய வங்கி , கிறிஸ்டோபர் குஷிங் , திரு நவரட்னம் ,

US removes Xiaomi from government blacklist, parties to resolve litigation

US removes Xiaomi from government blacklist, parties to resolve litigation
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US removes Xiaomi from government blacklist, parties to resolve litigation
Chinese smartphone maker Xiaomi Corp and the U.S. Defense Department have agreed to resolve their litigation, a court filing showed.
FILE PHOTO: Xiaomi logo is seen on a brand s store which closed during a lockdown, imposed to prevent the spread of coronavirus disease (COVID-19), in central Kiev, Ukraine April 2, 2020. REUTERS/Valentyn Ogirenko
12 May 2021 02:25PM
(Updated:
12 May 2021 03:25PM)
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REUTERS: The U.S Department of Defense will remove China s Xiaomi Corp from a government blacklist, a court filing showed, clearing the way for any future American investment in the smartphone maker. ....

United States , Hong Kong , Josh Horwitz , Aakriti Bhalla , Christopher Cushing Shri Navaratnam , Us Department Of Defense , China Xiaomi Corp , Xiaomi Corp , Christopher Cushing , Shri Navaratnam , Business And Finance , Black List , ஒன்றுபட்டது மாநிலங்களில் , ஹாங் காங் , ஜோஷ் ஹார்விட்ஸ் , ஆக்ரீதி பல்லா , கிறிஸ்டோபர் குஷிங் திரு நவரட்னம் , எங்களுக்கு துறை ஆஃப் பாதுகாப்பு , சீனா கிஷியாொமி கார்ப் , கிஷியாொமி கார்ப் , கிறிஸ்டோபர் குஷிங் , திரு நவரட்னம் , வணிக மற்றும் நிதி , கருப்பு பட்டியல் ,

Norway's Equinor to stay in U.S. lobby group following climate policy shift

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MELBOURNE (Reuters) - Norway’s Equinor ASA has decided to stay in the American Petroleum Institute after the major U.S. oil lobby group changed its stance on climate policy.
FILE PHOTO: Equinor s flag in Stavanger, Norway December 5, 2019. REUTERS/Ints Kalnins/File Photo
However, Equinor has quit the Australian Petroleum Production and Exploration Association as the firm has wound down operations in Australia after giving up an exploration drilling plan in the Great Australian Bight.
In a report dated March 2021, Equinor said it had completed an annual review of industry groups’ climate policy alignment with the Paris Agreement to limit global warming to 2 degrees Celsius and the company’s goal to be net zero by 2050. ....

United States , France General , Nerijus Adomaitis , Sonali Paul , Dan Gocher , Christopher Cushing Shri Navaratnam , Thomson Reuters Trust Principles , Australian Petroleum Production , American Petroleum Institute , Petroleum Association Of America , Australasian Centre For Corporate Responsibility , Exploration Association , Great Australian , Paris Agreement , Independent Petroleum Association , Australasian Centre , Corporate Responsibility , Christopher Cushing , Thomson Reuters Trust , Advocacy Groups Pressure Lobbies , Asia Pacific , Climate Change , Climate Policy And Regulation , Company News , Esg Social , General News ,

GLOBAL MARKETS-Stocks gain on U.S. recovery prospects but dollar pauses for breath

GLOBAL MARKETS-Stocks gain on U.S. recovery prospects but dollar pauses for breath
Reuters
3 days ago
MSCI AxJ index rises 0.4% to two-week peak
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Asian stock markets: https://tmsnrt.rs/2zpUAr4
By Tom Westbrook and Chibuike Oguh
SINGAPORE/NEW YORK, April 6 (Reuters) - Asia s stock markets rose on Tuesday as another batch of strong U.S. economic data bolstered the global outlook, while currency and bond markets paused for breath after a month of rapid gains in the dollar and in U.S. Treasury yields.
MSCI s broadest index of Asia-Pacific shares outside Japan advanced 0.4% to a two-week high, while Tokyo s Nikkei loitered just short of a two-week peak. The Dow and S&P 500 had closed at record peaks on Monday. ....

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