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Railroad operator Norfolk Southern says outage impact to last for weeks
(Reuters) - Norfolk Southern said it has restored all rail systems after the U.S. railroad operator experienced a hardware-related outage that affected its operations earlier on Monday. All systems we...
Syndicated Content Aug 28, 2023
Bonds rally, stocks drift as China boost fades
By Tom Westbrook SINGAPORE (Reuters) - Asian equity markets struggled for direction on Tuesday as the bounce from Beijing's efforts to support stocks ebbed, while bonds rallied and the dollar dipped a...
Syndicated Content Aug 28, 2023
Hong Kong home prices drop for third month in July, down 1.1%
HONG KONG (Reuters) - Hong Kong private home prices eased 1.12% in July from June, the third monthly fall in a row, official data showed on Tuesday, as homebuyer sentiment was deterred by rising inter...
Syndicated Content Aug 28, 2023
Exclusive-State Dept picks veteran diplomat Lambert as top China policy official – sources
By Humeyra Pamuk and Michael Martina WASHINGTON (Reuters) -The U.S. State Department has picked veteran diplomat Mark Lambert as its top China policy official, five sources familiar with the matter sa...
Syndicated Content Aug 28, 2023
Dollar soft as markets brace for data fest; yen under pressure
By Ankur Banerjee SINGAPORE (Reuters) - The dollar was tentative on Tuesday as traders resisted placing large bets ahead of a slew of economic data this week, while the yen struggled near levels that ...
Syndicated Content Aug 28, 2023
South Korea focuses on fiscal discipline with smallest budget increase in two decades
By Jihoon Lee SEOUL (Reuters) - South Korea's government plans to raise budget spending to nearly $497 billion for 2024, but the proposed increase is the smallest in two decades as authorities priorit...
Syndicated Content Aug 28, 2023
Toyota halts operations at 12 Japan factories due to system failure
By Satoshi Sugiyama TOKYO (Reuters) -Toyota Motor Corp suspended operations at a dozen vehicle assembly plants in Japan from Tuesday morning due to system failure, a company spokesperson said. The wor...
Syndicated Content Aug 28, 2023
China Evergrande shares set to open down 14.3%
HONG KONG (Reuters) - Shares of China Evergrande Group are set to open down 14.3% on Tuesday, exending losses from the previous day when the embattled developer lost $2.2 billion, or 79% of its market...
Syndicated Content Aug 28, 2023
Lordstown hopeful to find buyer for all or some parts of business – Bloomberg News
(Reuters) - Lordstown Motors is formulating a debt repayment plan and is hopeful that it will find buyers in Chapter 11 for all or parts of its business, Bloomberg News reported, citing the electric t...
Syndicated Content Aug 28, 2023
Japan at ‘inflection point’ in 25-year battle with deflation – govt
By Leika Kihara TOKYO (Reuters) - Japan may be at an inflection point in its 25-year battle with deflation as price and wage rises show signs of broadening, the government said on Tuesday, signalling ...
Syndicated Content Aug 28, 2023
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