Taiwan's GlobalWafers Co Ltd expects to start construction in November of its new $5 billion plant in Texas, the company's chairwoman and CEO said on Tuesday.
Even as China bars 1.4 billion citizens from Twitter, its local authorities are splurging on global advertising on the site, helping make the country the platform's fastest-growing overseas ad market and one of its largest non-U.S. revenue sources.
Bank of America (BofA) is moving some of its Russia-based bankers to Dubai, two sources told Reuters, following a move by several Western banks this year to relocate staff in the wake of the Russia-Ukraine war.
Fund managers are "super bearish" with average allocations to cash at the highest since 2001 and allocation to global stocks at an all-time low, according to Bank of America's (BofA) monthly survey of global fund managers for September.
A KKR-led consortium has told Australia's Ramsay Health Care it will not improve its $14.5 billion cash-and-stock offer for the hospital operator, a move that will likely put a deal on ice.
Japan's wholesale prices rose 9.0% in August from the previous year, matching the annual pace of growth in July, data showed on Tuesday, signalling that persistently high raw material costs continued to squeeze corporate margins.
Bayer's supervisory board has initiated a search for a successor to Chief Executive Werner Baumann, who has said he would not seek a renewal of his contract that expires in 2024, Bloomberg reported on Tuesday.
Credit Suisse's Swiss unit has become more efficient and growth focused in recent years and will thus be hit less by restructuring and cost savings than other parts of the bank, its head said in a media interview published on Tuesday.
U.S. stock index futures edged higher on Tuesday as investors awaited key inflation data that could provide cues for how fast and how long the Federal Reserve will hike interest rates in its battle to combat surging prices.
