ASXPAC

Many shoppers can’t find Apple’s latest iPhones on Black Friday

BETHESDA, Md./NEW YORK, Nov 25 (Reuters) – Many shoppers looking for Apple’s ( AAPL.O ) latest high-end phones returned empty handed from its stores this Black Friday as the technology company struggles with production snafus in China. Among them were Sally Gannon and her son Michael, who were visiting an Apple store in Bethesda, where …

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Foxconn’s desperate to take bigger toll on giant China iPhone plant as more workers leave -source

Foxconn Zhengzhou plant’s Nov shipments to fall further – source Worker unhappiness at the plant escalated into protests this week Over 20,000 workers, mostly new recruits, have left – source TAIPEI, Nov 25 (Reuters) – Foxconn’s (2317.TW) flagship iPhone plant in China is set to see its November shipments further reduced by the latest bout …

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Consumer inflation in Japan’s capital rises at the fastest pace in 40 years

Tokyo Nov core CPI up 3.6% vs f’cast +3.5% Tokyo CPI stays above BOJ’s 2% target for the 6th straight month Data underscores broadening inflationary pressure TOKYO, Nov 25 (Reuters) – Core consumer prices in Japan’s capital, a leading indicator of nationwide trends, rose at their fastest annual pace in 40 years in November and …

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Dollar headed for weekly loss as investors brace for slower Fed hikes

SINGAPORE, Nov 25 (Reuters) – The dollar stood close to a three-month low and was on track for a weekly loss on Friday, as the prospect of the Federal Reserve slowing monetary policy tightening as soon as December dominated investors’ minds and kept the mood buoyant. Trading was thin overnight due to the Thanksgiving holiday …

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FTC likely to file lawsuit to block Microsoft bid for Activision -Politico

Nov 23 (Reuters) – The US Federal Trade Commission (FTC) is likely to file an antitrust lawsuit to block Microsoft Corp’s (MSFT.O) $69 billion takeover bid for video game publisher Activision Blizzard Inc (ATVI.O), Politico reported on Wednesday, citing people familiar with the matter. A lawsuit challenging the deal is not guaranteed, and the FTC’s …

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Foxconn apologizes for pay-related error at China iPhone plant after worker unrest

Foxconn says it is working with staff to resolve disputes Major iPhone factory rocked by protests over pay, conditions Apple says it has a team on the ground in Zhengzhou TAIPEI/SHANGHAI, Nov 24 (Reuters) – Foxconn (2317.TW) said on Thursday a pay-related “technical error” occurred when hiring new recruits at a COVID-hit iPhone factory in …

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EU split on Russian oil price cap level, talks to resume Thursday

BRUSSELS, Nov 23 (Reuters) – European Union governments failed to reach a deal on Wednesday at what level to cap prices for Russian sea-borne oil under the Group of Seven nations (G7) scheme and will resume talks on Thursday evening or on Friday , EU diplomats said. Earlier on Thursday representatives of the EU’s 27 …

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Russia’s Yandex seeks Putin’s approval for restructuring – FT

Nov 24 (Reuters) – Russian internet giant Yandex NV (YNDX.O) is seeking President Vladimir Putin’s approval to sell its operations in the country and spin off its main international projects, the Financial Times reported on Thursday, citing sources. The company has informally enlisted former finance minister Alexei Kudrin to win Putin’s approval, in principle, for …

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