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Boeing is in talks to buy back Spirit Aerosystems, which makes fuselages for Boeing's 737 Max jets, according to a person familiar with the matter, as both companies scramble to stamp out manufacturing flaws on the top-selling plane.
TOKYO -- The Nikkei Stock Average's record-making rally approached the 40,000 milestone on Friday, buoyed by the strong performance of Japan's previously unnoticed gems in the global semiconductor industry.
BENGALURU -- India on Thursday approved its maiden semiconductor fabrication plant and two assembly units that will be developed jointly by local conglomerates and firms from Japan, Taiwan and Thailand, signaling that New Delhi's ambitious program to kick-start domestic chip manufacturing is gaining momentum after a sputtering start.
NEW DELHI -- India reported on Thursday that gross domestic product expanded 8.4% in the October to December quarter, far exceeding economists' expectations, thanks to brisk manufacturing and construction.
India is 'easily' the fastest growing economy in the world, IMF executive director Krishnamurthy Subramanian said, as the country's third-quarter GDP growth blew past analysts' estimates.
Stock futures edged higher Friday after the market wrapped up its fourth winning month and the tech-heavy Nasdaq Composite reached its first closing record since November 2021.
India has approved building three semiconductor plants with investments of more than $15 billion as the country aims to become a major chip hub.