Business
TSMC says 'A16' chipmaking technology will start production in late 2026
SANTA CLARA, California (Reuters) - Taiwan Semiconductor Manufacturing Co said on Wednesday that a new chip manufacturing technology called "A16" will enter production in the second half of 2026. At a conference in Santa Clara, California, TSMC's ...
Caterpillar, Deere inventories in focus as machinery demand plateaus
By Deborah Mary Sophia (Reuters) - Equipment inventories will be in focus when Caterpillar, Deere and CNH Industrial report quarterly results in the coming weeks, as investors await clues on demand in what is expected to be a lukewarm year for ...
Buttigieg says Boeing must meet FAA quality plan before raising 737 MAX output
By David Shepardson ARLINGTON, Virginia (Reuters) - U.S. Transportation Secretary Pete Buttigieg said on Wednesday that Boeing must meet a government mandate to address systemic quality-control issues within 90 days before it will be able to ...
Short-term market moves must not spook Brazil central bank, director says
SAO PAULO (Reuters) - Brazil's central bank director Gabriel Galipolo said on Wednesday that the monetary authority should not get spooked with "short-term" market fluctuations and will need time to understand how recent moves affect its ...
Bank of America shareholders reject proposal to split CEO, chair roles
NEW YORK (Reuters) - Bank of America shareholders rejected a proposal to divide the CEO and chairman roles held by Brian Moynihan on Wednesday at the company's virtual annual meeting. Proxy advisers had recommend investors vote for the bank to ...
Goldman Sachs, BofA shareholders reject proposals for CEO-chair split
By Saeed Azhar and Nupur Anand SALT LAKE CITY, Utah, NEW YORK (Reuters) -Goldman Sachs and Bank of America shareholders voted against proposals to divide the CEO and chairman roles at both banks on Wednesday, bucking pressure from influential proxy ...
TikTok CEO expects to defeat US restrictions: 'We aren't going anywhere'
By David Shepardson WASHINGTON (Reuters) - TikTok's chief executive said on Wednesday that the company expects to win a legal challenge to block legislation signed into law by President Joe Biden that he said would ban the popular short video app ...
TikTok artists and advertisers to stay with app until 'door slams shut'
By Sheila Dang, Dawn Chmielewski and Danielle Broadway (Reuters) - Ban or no ban, TikTok's partners in the music and advertising world plan to stick with the massively popular short-form video platform until the bitter end, seven industry leaders ...
Airbus says it accepts request by Canadian union for conciliation
OTTAWA (Reuters) - Airbus said on Wednesday that it had accepted a request for conciliation by Montreal-area workers who assemble the company's smallest jet, but had no intention of increasing its offer. Union members had on Sunday rejected a ...
UBS faces new lawsuit by Appaloosa over Credit Suisse $17 billion bond wipeout
By Jonathan Stempel (Reuters) - A new lawsuit by U.S. hedge fund Appaloosa LP accuses the former Credit Suisse of misleading investors about its health before $17 billion of its bonds were written down to zero in a government-orchestrated rescue ...