Intel to Invest $20 Billion in U.S. Chip-Making Facility 

Intel plans to invest at least $20 billion in new chip-making capacity in Ohio, bolstering its semiconductor-production ambitions as greater demand for digital products and a global chip shortage have amplified the need for more manufacturing.

Chinese Developer Country Garden Raises $501 Million 

China's largest developer by contracted sales took advantage of a pickup in investor sentiment toward the property sector to sell convertible bonds.

France's Total Exits Myanmar, Citing Shareholder Pressure Since Coup 

Western energy companies have faced growing calls to divest or withhold revenue from the junta as the human-rights situation has worsened.

Shares of Chinese Drugmakers Rise on Deal to Make Merck's Covid-19 Pill 

Shares of three Chinese drugmakers rose following news they will be among 27 companies globally to help make cheaper versions of Merck & Co.'s Covid-19 pill for distribution in low- and middle-income countries.

China's Transport Ministry Summons Freight-Delivery Platforms, Warns Ride-Hailing Firms 

China's Ministry of Transport has summoned four freight-delivery platform operators and warned four internet ride-hailing companies over recent driver complaints, in a sign of continued scrutiny of the country's massive tech sector after a year-long crackdown.

Peloton Warns of Layoffs, Changes to Production 

The company says it is reviewing costs after a report of a production halt sent its shares tumbling.

Netflix Shares Sink as Company Sees Subscriber Growth Slowing 

Netflix said it expects to add a much smaller number of subscribers this quarter than it did a year ago as it adjusts to growing competition and lasting disruptions from the coronavirus pandemic, sending the video streamer's shares down sharply.

Rio Tinto Reviews Serbia Move to Revoke Licenses 

Rio Tinto said it was reviewing the legal basis and implications of a decision by Serbia's government to revoke licenses for the mining company's lithium project.

Siemens Energy Cuts Outlook on Gamesa Warning 

Siemens Energy lowered its financial targets for fiscal 2022 after posting an operating loss in the first quarter and following a profit warning from its renewables subsidiary.

Siemens Gamesa Warns of Full-Year Loss as Supply Bottlenecks Bite 

Siemens Gamesa forecast a possible operating loss for fiscal 2022 after it reported an underlying loss of EUR309 million in the first quarter on lower revenue, as supply-chain constraints continued.


(END) Dow Jones Newswires

January 21, 2022 07:00 ET (12:00 GMT)

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