03 March

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Samsung considering four sites in U.S. for $17 billion chip plant – documents By Reuters

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By Joyce Lee SEOUL (Reuters) - Samsung Electronics (LON:0593xq) Co Ltd is considering two sites in Arizona and another site in New York in addition to Austin, Texas, for a new $17 billion chip plant, according to documents filed with Texas state officials. The tech giant also said in the documents dated Feb. 26 that it is seeking combined tax abatements of...

03 March

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Packaging products maker DS Smith gains from Christmas shopping spree By Reuters

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(Reuters) - Britain's DS Smith said on Wednesday it was expecting to deliver annual results in line with its expectations after a pandemic-driven boom in online shopping drove demand for paper and plastic packaging materials over the Christmas period. The cardboard maker, which supplies packaging products to Amazon (NASDAQ:AMZN), Nestle and Unilever (LON:ULVR), said the boost from the holidays has...

03 March

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Japan shares higher at close of trade; Nikkei 225 up 0.51% By Investing.com

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Investing.com – Japan equities were higher at the close on Wednesday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors propelled shares higher. At the close in Tokyo, the Nikkei 225 rose 0.51%. The biggest gainers of the session on the Nikkei 225 were Kobe Steel, Ltd. (T:5406), which rose 9.09% or 59.0 points...

03 March

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Exxon Mobil to Cut Jobs in Singapore as Big Oil Retrenches By Bloomberg

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(Bloomberg) -- Exxon Mobil Corp (NYSE:XOM). expects to cut about 300 jobs in the Asian oil-trading hub of Singapore by the end of 2021, part of a global retrenchment that was announced last year. The planned lay-offs equate to about 7% of its 4,000-strong workforce in the city-state, the company said in a statement. It follow similar announcements in...

03 March

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Dovish BOJ policymaker calls for new strategy to beat price stagnation By Reuters

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By Leika Kihara TOKYO (Reuters) - The Bank of Japan must lay out a new strategy for hitting its elusive 2% inflation target at this month's policy review, board member Goushi Kataoka said, warning the drag to growth from the COVID-19 pandemic could prolong price stagnation. Kataoka said the pandemic's hit to demand will likely delay Japan's economic recovery and weigh on...

03 March

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Australian economy storms ahead as COVID recovery turns ‘V-shaped’ By Reuters

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By Swati Pandey SYDNEY (Reuters) - Australia's economy expanded at a much faster-than-expected pace in the final quarter of last year and all signs are that 2021 has started on a firm footing too helped by massive monetary and fiscal stimulus. The economy accelerated 3.1% in the three months to December, data from the Australian Bureau of Statistics (ABS) showed on Wednesday,...

03 March

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Dollar on defensive as risk sentiment recovers amid retreat in U.S. yields; Aussie gains By Reuters

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By Kevin Buckland TOKYO (Reuters) - The safe-haven U.S. dollar remained broadly weaker on Wednesday as Treasury yields continued to retreat, restoring some calm to global markets and reigniting demand for riskier assets. Commodity-linked currencies including the Australian dollar and the Norwegian krone held on to sizeable two-day advances. The lower U.S. yields also sapped some of the dollar's allure among fellow...

03 March

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Asian shares nudge higher in defensive trade, dollar soft By Reuters

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NEW YORK (Reuters) - Asian shares edged higher on Wednesday as investors shrugged off concerns that stocks may have rallied too far too fast in the past year, and focused instead on optimism that more imminent U.S. stimulus will energise the global economic recovery. Australian shares gained 0.45% in early trade while E-mini S&P futures were up 0.2%. Wall Street had retreated...

03 March

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Sunak to promise ‘whatever it takes’ in new COVID budget plan By Reuters

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By William Schomberg LONDON (Reuters) - Finance minister Rishi Sunak will promise on Wednesday to do "whatever it takes", including a five-month extension of Britain's huge jobs rescue plan, to steer the economy through what he hopes will be the final months of COVID restrictions. Sunak has already racked up Britain's highest borrowing...

03 March

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S&P 500 Slips on Tech Tumble After Monday’s Rally By Investing.com

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By Yasin Ebrahim Investing.com – The S&P 500 fell Tuesday, as investors weighed up weakness in tech, paced by a decline in semiconductor stocks, though a gain in materials stemmed deeper losses in the broader market following a sharp rise a day earlier. The S&P 500 fell 0.78%, the {169|Dow Jones Industrial Average}} fell 0.46%, or 145 points, and the Nasdaq Composite...

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Samsung considering four sites in U.S. for $17 billion chip plant – documents By Reuters

Packaging products maker DS Smith gains from Christmas shopping spree By Reuters

Japan shares higher at close of trade; Nikkei 225 up 0.51% By Investing.com

Exxon Mobil to Cut Jobs in Singapore as Big Oil Retrenches By Bloomberg

Dovish BOJ policymaker calls for new strategy to beat price stagnation By Reuters

Australian economy storms ahead as COVID recovery turns ‘V-shaped’ By Reuters

Dollar on defensive as risk sentiment recovers amid retreat in U.S. yields; Aussie gains By Reuters

Asian shares nudge higher in defensive trade, dollar soft By Reuters

Sunak to promise ‘whatever it takes’ in new COVID budget plan By Reuters

S&P 500 Slips on Tech Tumble After Monday’s Rally By Investing.com

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