WASHINGTON: Uncertainty around the path of the U.S. economy, including difficulties estimating the state of financial markets, potential oil price shocks, and the impact of labor union strikes, pushed Federal Reserve officials into a cautious stance at their meeting last month as debate proceeded over whether further rises in the central bank‘s policy rate would … Read more
Auto components maker Samvardhana Motherson International Ltd on Monday said it will acquire assets and shares of Germany’s Dr Schneider Group entities at an overall enterprise value of about 118.3 million euros (over Rs 1,070 crore). Kunal Malani, CFO, Motherson Group explains the rationale for the acquisition and expected synergies. Dr Schneider Group is your … Read more
China’s top technology overseer convened a series of emergency meetings over the past week with leading semiconductor companies, seeking to assess the damage from the Biden administration’s sweeping chip restrictions and pledging support for the critical sector. The Ministry of Industry and Information Technology has summoned executives from firms including Yangtze Memory Technologies Co. and … Read more