European shares edges up as earnings flurry quells Fed angst

LONDON (Reuters) – European shares opened slightly higher on Thursday as a flurry of corporate trading updates somewhat quelled fears of fast-rising U.S. interest rates amid ongoing concerns the Sino-U.S. trade conflict could escalate and hurt the global economy. At 0731 GMT, the pan-European STOXX 600 benchmark index was up 0.3 percent with bourses across the continent in positive territory. […]

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Thousands of Seoul taxi-drivers rally against plans for carpool service

SEOUL (Reuters) – Tens of thousands of South Korean taxi-drivers held a rally on Thursday in Seoul, the capital, saying a carpooling service planned by the operator of the country’s top chat app would threaten their livelihoods and jobs. It was the latest challenge to ride-sharing services in South Korea, which has one of the world’s highest smartphone penetration rates, […]

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China robot market growth to slump this year as trade war weighs

TOKYO (Reuters) – Sales of industrial robots in China, the world’s biggest market, will grow this year at only about a third of last year as an escalating Sino-U.S. trade war hits spending on equipment, a global robot group said on Thursday. The International Federation of Robotics (IFR) in its annual report forecast Chinese demand for robots will grow 15-20 […]

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TSMC Q3 Profit Down 0.9%, But Revenues Rise – Quick Facts

Taiwan Semiconductor Manufacturing Co. Ltd. (TSM) on Thursday reported a decline in profit for the third quarter from last year, while net sales rose. However, net income increased on a sequential basis from the preceding second quarter. For the third quarter, net income declined 0.9 percent to NT$89.07 billion from NT$89.93 billion last year. Earnings per share decreased to NT$3.44 […]

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Senate panel wants to question Hyundai, Kia over engine fire reports

WASHINGTON (Reuters) – The Senate Commerce Committee’s Republican chairman and ranking Democrat said on Wednesday they had asked top U.S. executives at Hyundai Motor Co (005380.KS) and Kia Motors Corp (000270.KS) to testify at a Nov. 14 hearing on reports of engine fires involving vehicles from the Korean automakers. The call to testify comes after safety advocates raised concerns about […]

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China's Geely 'corrects' rumors about presidential family ties

BEIJING/SHANGHAI (Reuters) – Chinese carmaker Geely Automobile Holdings Ltd (0175.HK), long the subject of speculation about its political ties, has moved to dispel a widely held belief its chairman’s wife was related to Chinese President Xi Jinping. The carmaker, which owns a major stake in Germany’s Daimler (DAIGn.DE) and the firm that makes London black cabs, revealed in a filing […]

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BOJ's Kuroda offers slightly brighter view on inflation

TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Thursday consumer inflation was “moving around 1 percent,” offering a brighter view on prices than he did three months ago. “Japan’s economy is expected to continue expanding moderately,” Kuroda said in a speech to a quarterly meeting of the central bank’s regional branch managers. “The BOJ will make necessary […]

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