Coronavirus forces HSBC to cut global growth forecasts, again
Europe’s biggest bank, HSBC has cut already bleak global growth forecasts even further, as lockdown restrictions extended through April and tentative economic re-openings drag on a return to business, trade and spending.
Pandemic stirs Wall Street’s social conscience
Worker welfare is having a moment on Wall Street.
Pompeo says TSMC’s $12 billion investment to increase U.S. economic independence from China
Chipmaker Taiwan Semiconductor Manufacturing Co’s $12 billion investment in the United States will increase U.S. economic independence from China, Secretary of State Mike Pompeo said in a statement early on Friday.
Taiwan’s TSMC to build Arizona chip plant as U.S.-China tech rivalry escalates
Taiwan Semiconductor Manufacturing Co Ltd , the biggest contract chipmaker, said it plans to build a $12 billion factory in Arizona in an apparent win for the Trump administration’s efforts to wrestle global tech supply chains back from China.
Cathay Pacific losing money, says business outlook remains ‘very bleak’
Cathay Pacific Airways Ltd said on Friday it made an unaudited loss of HK$4.5 billion ($580.53 million) at its full-service airlines in the first four months of the year and the financial outlook remained “very bleak” due to the pandemic.
Airline industry not likely to recover for at least a year: Southwest CEO
The airline industry is not likely to recover to pre-coronavirus levels for at least the next six to 12 months, Southwest Airlines Co Chief Executive Officer Gary Kelly said on Thursday.
Asia shares struggle as coronavirus strains U.S.-China relations
Asian stocks struggled to extend gains on Friday and were on course to end the week lower as deteriorating U.S.-China relations undercut optimism over the reopening of major economies.
Coronavirus likely hammered U.S. retail sales again in April
U.S. retail sales likely endured a second straight month of record declines in April as the novel coronavirus pandemic kept Americans at home, putting the economy on track for its biggest contraction in the second quarter since the Great Depression.
Taiwan’s TSMC announces $12 billion U.S. chip factory
Taiwan Semiconductor Manufacturing Co Ltd, a major supplier to Apple Inc, announced on Friday it will build a $12 billion chip factory in Arizona, in what the company called a “strong partnership” with the U.S. government.
Taiwan’s TSMC announces plan to build $12 billion U.S. factory
Taiwan Semiconductor Manufacturing Co Ltd, the world’s biggest contract manufacturer of computer chips, on Friday announced plans to build an approximately $12 billion advanced chip factory in Arizona.
