Tech 08

Cast in California: Tech giants confront the ancient Indian hierarchy

OAKLAND, CA, Aug 15 (Reuters) – America’s tech giants are taking a modern-day crash course on India’s ancient caste system, with Apple (AAPL.O) emerging as an early pioneer in the politics of ridding Silicon Valley of its strict hierarchy . Indians isolated for generations. Apple, the world’s largest listed company, updated its General Employee Conduct …

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Five Chinese state-owned companies have to be delisted from the New York Stock Exchange amid US tensions

SHANGHAI/HONG KONG (Reuters) – Five Chinese state-owned companies including oil giant Sinopec (600028.SS) and China Life Insurance (601628.SS) said on Friday they would raise their listing on the New York Stock Exchange. Amid economic and diplomatic tensions with the United States. The companies, which also include China Aluminum Corporation (Chalco) (601600.SS), PetroChina (601857.SS) and Sinopec …

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AmEx raises revenue forecast due to higher travel spending

American Express credit cards are pictured in this illustration on March 17, 2016. REUTERS/Kay Pfaffenbach/File Photo Register now to get free unlimited access to Reuters.com Register July 22 (Reuters) – American Express (AXP.N)’s quarterly spending jumped to a record high as pandemic-weary travelers shrugged off higher airfares at airports, helping the company raise its annual …

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Nasdaq drops 1% as chipmaker Micron renews warning to beat tech

Micron falls on low revenue expectations Semiconductor stocks fall for the third session Novavax fell 30% after slashing revenue supply by half Indices: Dow Jones down 0.4%, Standard & Poor’s down 0.7%, Nasdaq down 1.5%. (Reuters) – The Nasdaq fell on Tuesday after a dismal outlook from Micron Technology Corp sent tech and chip stocks …

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China’s Alibaba is scrambling to keep its New York listing amid audit dispute

The Alibaba Group logo appears on the trading floor of the New York Stock Exchange in Manhattan, New York City, US, August 3, 2021. REUTERS/Andrew Kelly/File Photo Register now to get free unlimited access to Reuters.com Register Aug 1 (Reuters) – Alibaba Group Holdings Limited (9988.HK) said on Monday it would keep its listing on …

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