Live, rolling coverage of business, economics and financial markets as investors await details of earthquake effects on chipmakers and tech suppliers
Good morning, and welcome to our live, rolling coverage of business, economics and financial markets.
The biggest earthquake in 25 years has hit Taiwan, killing at least seven people. On financial markets investors are bracing for disruption to the island’s crucial technology companies.
TSMC’s safety systems are operating normally. Preventive measures were initiated according to procedure and some fabs were evacuated. All personnel are safe, and those evacuated are beginning to return to their workplaces.
The company is currently confirming the details of the impact. Initial inspections show that construction sites are normal.
Enough votes had been cast as of Tuesday evening to put Disney’s board directors safely ahead of Trian’s two challengers.
10am BST: Euro area inflation rate flash reading (March; previous: 2.6% year-on-year; consensus: 2.6%)
10am BST: Euro area unemployment rate (February; prev.: 6.4%; cons.: 6.4%)
1:15pm BST: US ADP employment change (March; prev.: 140,000 jobs; cons.: 148,000)
Continue reading…Live, rolling coverage of business, economics and financial markets as investors await details of earthquake effects on chipmakers and tech suppliersGood morning, and welcome to our live, rolling coverage of business, economics and financial markets.The biggest earthquake in 25 years has hit Taiwan, killing at least seven people. On financial markets investors are bracing for disruption to the island’s crucial technology companies.TSMC’s safety systems are operating normally. Preventive measures were initiated according to procedure and some fabs were evacuated. All personnel are safe, and those evacuated are beginning to return to their workplaces.The company is currently confirming the details of the impact. Initial inspections show that construction sites are normal.Enough votes had been cast as of Tuesday evening to put Disney’s board directors safely ahead of Trian’s two challengers.10am BST: Euro area inflation rate flash reading (March; previous: 2.6% year-on-year; consensus: 2.6%)10am BST: Euro area unemployment rate (February; prev.: 6.4%; cons.: 6.4%)1:15pm BST: US ADP employment change (March; prev.: 140,000 jobs; cons.: 148,000) Continue reading…