Japan is worried that U.S. plans to pour billions of dollars into chip manufacturing to fend off China could finish off what's left of a Japanese semiconductor industry that once dominated the world.
Most major stock markets in the Gulf rose in early trade on Sunday, supported by a slew of corporate earnings, although Dubai bucked the trend to trade lower.
Brazil's Mines and Energy Ministry met with industry representatives on Friday to discuss how large electricity consumers can reduce demand to ease pressure on the grid resulting from Brazil's worst drought in 92 years.
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A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson
Morgan Stanley (MS.N) has hired former Bank of America (BAC.N) banker Luigi Rizzo for a new client-facing role overseeing a drive to win business from a wide spectrum of companies across Europe, the Middle East and Africa (EMEA), sources familiar with the move told Reuters.
Rizzo, who was at the helm of Bank of America s European corporate and investment banking and quit in late 2019, will become Morgan Stanley s vice chairman of investment banking for EMEA, the sources said, speaking on condition of anonymity.
Mexico's leftist ruling party has dropped plans to nationalize lithium production and is now pushing to welcome private investors to help develop the country's potential in the metal used to make batteries, the senior lawmaker behind the proposal told Reuters.