September 2024 – Page 25

Apple Supplier Jabil to Set Up South India Plant with 238M Investment

September 10, 2024
Business
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NEW DELHI, Sept 10 Reuters Electronic components maker Jabil will set up a manufacturing plant in India39;s southern state of Tamil Nadu with an investment of about 20 billion rupees 238.2 million, the state39;s industries minister said on Tuesday. U.S.based Jabil, a supplier to Apple, will base its plant near the city of Trichy as part […]

September 10, 2024
Business
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FRANKFURT, Sept 10 Reuters Nearly 900 Chinese auto suppliers and a handful of EV makers are showcasing their products at a trade fair in Frankfurt as the country39;s car sector defies looming trading barriers to expand its global footprint and counter eroding profitability at home. Chinese carmakers including BYD, GeelyGEELY.UL, Hongqi and GAC International were […]

September 10, 2024
Business
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SEOUL, Sept 10 Reuters South Korea39;s antitrust regulator has launched a probe into the local unit of MercedesBenz, an official at the Korea Fair Trade Commission KFTC said on Tuesday, without elaborating. The investigation came after a fire involving a MercedesBenz electric vehicle broke out in the city of Incheon on August 1, destroying or damaging about […]

September 10, 2024
Business
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APRA intends to simplify use of hybrid bonds Move to simplify bank capital requirements, remove risk Transition to begin from January 2027 Sept 10 Reuters Australia39;s prudential regulator is proposing to bar banks from issuing certain hybrid securities to help meet their capital requirements starting in 2027 as retail investors that typically buy them do […]

September 10, 2024
Business
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TOKYO, Sept 10 Reuters Japan39;s Panasonic Holdings said on Tuesday it would end its 37year contract as a top sponsor for the Olympics following the end of the Paris Games. The Osakabased company first became an official partner of the Olympic Games in 1987 and expanded its partnership to the Paralympics from 2014. It has supported […]

September 10, 2024
Business
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Bad weather hits Inditex39;s June sales in Spain Inditex39;s sales growth likely improved in July analysts Q2 sales expected to rise 7 LSEG analyst poll Analysts expect firsthalf profit to rise 10 MADRID, Sept 10 Reuters Expectations of bumper second quarter sales growth at Zara owner Inditex have been dashed by a wet and cold June […]

September 10, 2024
Uncategorized
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Export grows at fastest in 17 months, supports economy Imports fail to impress, underlines weak domestic demand Exports possibly bolstered by shippers rushing to avoid tariffs Trade barriers could undercut China39;s broad efforts to lift growth BEIJING, Sept 10 Reuters China39;s exports grew at their fastest pace in nearly 112 years in August, suggesting manufacturers […]

September 10, 2024
Uncategorized
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BERLIN, Sept 10 Reuters German inflation fell to its lowest level in more than three years in August, a second estimate confirmed on Tuesday, making it easier for the European Central Bank to cut interest rates this week. Inflation eased to 2.0 in August, its lowest level since June 2021, thanks to lower energy prices. […]

September 10, 2024
Uncategorized
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UK pay growth cools to more than twoyear low Economists say data keeps BoE on track for Nov rate cut Employment jumps, ONS warns again on data quality Vacancies continue downward trend LONDON, Sept 10 Reuters British pay growth cooled in the three months to July to a more than twoyear low and employment shot […]

September 10, 2024
Finance
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BEIJING, Sept 9 Reuters China39;s Shanghai and Shenzhen stock exchanges will include Chinese ecommerce giant Alibaba Group and some other companies into its Stock Connect crossborder investment scheme from Tuesday, separate filings showed on Monday. This move will integrate Alibaba into a program linking the Shenzhen and Shanghai stock exchanges with the Hong Kong stock exchange. […]

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Apple Supplier Jabil to Set Up South India Plant with 238M Investment

China Auto Suppliers and EV Makers Flood Major Trade Fair in Germany

S.Korea Antitrust Regulator Probes MercedesBenz Local Unit after EV Fire

Australia Regulator Seeks to Make Banks Phase Out Issuing Hybrid Securities

Japans Panasonic Ends 37Y Contract as Top Olympics Sponsor

Inditex Sales Growth Forecasts Dampened by Rain in Spain

Chinas Exports Top Forecasts, Imports Hurt by Depressed Domestic Demand

German Inflation Falls to Lowest Level in more than 3 Years

UK Pay Growth Cools, Keeping BoE on Track for another Rate Cut

Chinese Stock Exchanges Add Alibaba into Stock Connect Scheme

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