boom
Trump has said he plans to bring down gas prices by boosting US oil production.ExxonMobil CEO Darren Woods said he didn’t see a US oil boom in the near future.One energy analyst said a US president has little control over the oil and gas market. President-elect Donald Trump’s promise to…
By Kane Wu TOKYO (Reuters) – Carlyle, Warburg Pincus and a host of global investment firms plan to beef up headcount in Japan as deals here surge, but the country’s relatively low number of buyouts for much of the past two decades has made it tough to find people with…
Trump’s tariff threats may boost Chinese exports as importers rush to beat tariffs.Trump’s proposed tariffs could lead to increased global manufacturing activity temporarily.Asian countries may face negative export growth if the US targets trade deficits with tariffs. US President-elect Donald Trump may be good for China’s export business — at…
By Richard Valdmanis (Reuters) – Donald Trump’s return to the White House will refocus the nation’s energy policy onto maximizing oil and gas production and away from fighting climate change, but the Republican win in Tuesday’s presidential elections is unlikely to dramatically slow the U.S. renewable energy boom. That is…
By Hyunjoo Jin and Heekyong Yang SEOUL (Reuters) -Samsung Electronics said its third-quarter profit jumped from a year earlier, but the pace of recovery weakened from the prior quarter as it struggles to cash in on the AI boom that has benefited chip rivals like TSMC and SK Hynix. The…
Idris Elba has shared more on his plans to help build the entertainment industry in Africa.The Golden Globe winner has said he planned to build film studios in Ghana and Tanzania.A 2021 UNESCO report said that the film industry could help add $20 billion to Africa’s combined GDP. Idris Elba…
TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co, the dominant producer of advanced chips used in artificial intelligence applications, is expected to report a 42% leap in third-quarter profit on Thursday thanks to soaring demand. The world’s largest contract chipmaker, whose customers include Apple (NASDAQ:) and Nvidia (NASDAQ:), has benefited from…
By Tom Westbrook SYDNEY (Reuters) – Australian dollar debt sales, running at the fastest clip on record, are starting to hit the brakes as capital markets hunker down for the U.S. election, according to bankers in Sydney. Some A$267.6 billion ($180.4 billion) has been raised in the debt market over…
By Dani Morera Trettin and Fabio Teixeira RIO DE JANEIRO (Reuters) – When Carlos Eduardo Muzy first rented his beachside Rio de Janeiro apartment on Airbnb in 2019, he just wanted some extra cash. What he got was a career managing some 100 properties – and a front-row seat to…
By Manya Saini (Reuters) -Robinhood beat Wall Street expectations for second-quarter earnings on Wednesday, as interest in meme stocks and cryptocurrencies soared, and said it continued to gain retail trading market share from rivals. The app, typically associated with mom-and-pop investors, saw a surge in trading volumes as meme-stock influencer…
