S&P 500 closes at month’s high, indices gain for a week as earnings kick in

JPMorgan and Wells Fargo shares jump US consumer inflation expectations are easing – survey Tesla drops after electric vehicle price cuts Indices: Dow up 0.3%, S&P 500 up 0.4%, Nasdaq up 0.7% NEW YORK, Jan 13 (Reuters) – The S&P 500 and Nasdaq ended Friday at their highest levels in a month as shares of … Read more

US strongly committed to defending Japan, Biden tells Kishida, welcomes military build-up

WASHINGTON, Jan 13 (Reuters) – U.S. President Joe Biden told Japanese Prime Minister Fumio Kishida on Friday that the United States remains firmly committed to its alliance with Japan and hailed Tokyo’s “historic” defense reforms. Kishida is in Washington on the latest leg of a tour of G7 industrial powers and seeks to bolster longstanding … Read more

Explainer: Why Japan is looking for military ties beyond its US ally

TOKYO, Jan 13 (Reuters) – Ahead of meeting President Joe Biden in Washington DC, Japanese Prime Minister Fumio Kishida visited Italy, France, Britain and Canada, in part to forge ties of security that could help him fend off China, North Korea and Russia. RAW QUARTER In June, then Japanese Defense Minister Nobuo Kishi said his … Read more

China braces for historic demographic shift, accelerated by COVID trauma

HONG KONG, Jan 13 (Reuters) – Living under China’s strict COVID-19 restrictions for the past three years has caused Zhang Qi enough stress and uncertainty to consider not having babies in the country. When China abruptly dismantled its “zero COVID” regime last month to let the virus spread freely, the scales tipped to a definite … Read more

China acquires ‘preferred shares’ in two Alibaba units

BEIJING, China, Jan 13 (Reuters) – China has acquired minority stakes with special rights in two domestic units of tech giant Alibaba Group Holding Ltd (9988.HK), according to company registration records, so that Beijing is extending its campaign to tighten control over the Internet. contents. Beijing has taken “preferred shares” in private online media and … Read more

Tesla extends price cuts in US and Europe amid sales push

Tesla cuts prices in the US and Europe by up to 20% The move follows cuts in Asia last week Certain models are now eligible for US tax credits Model 3 price in Germany in line with Volkswagen’s ID.3 Jan 13 (Reuters) – Tesla (TSLA.O) has cut prices for its electric vehicles in the United … Read more

China’s COVID peak will last two to three months, then hit rural areas

Peak of the COVID wave observed for 2 to 3 months – epidemiologist Older people in rural areas particularly at risk People’s mobility indicators are picking up, but not yet fully recovering BEIJING, Jan 13 (Reuters) – The peak of the COVID-19 wave in China is expected to last two to three months and will … Read more

TSMC cuts investment in 2023 after record fourth quarter as chip demand weakens

Q4 profit of T$295.9 billion vs. T$289.44 billion, analysts say Fourth-quarter revenue up 26.7% year-on-year to $19.93 billion Sees 2023 investments at $32-36 billion from $36.3 billion the previous year The company plans to increase its production abroad TAIPEI, Jan 12 (Reuters) – Taiwanese chipmaker TSMC (2330.TW) warned on Thursday that first-quarter revenue would fall … Read more

How India’s ruling party is tightening its grip on Kashmir

More than a million people could vote in local polls for the first time BJP aims to take control of gathering of Muslim parties Pakistan accuses India of marginalizing Kashmiri Muslims JAMMU/SRINAGAR, India, Jan 12 (Reuters) – For the first time in her life, Asha, a street cleaner in the Indian city of Jammu, will … Read more

Chinese worry about elderly as WHO warns of COVID outbreak over holiday

Two billion trips expected for Lunar New Year The virus is spreading from cities to vulnerable villages WHO says China’s response challenged by lack of data China’s grand reopening spoiled by Japan and Korea spat BEIJING, Jan 12 (Reuters) – People in China on Thursday worried about the spread of COVID-19 to elderly relatives as … Read more