Category Archives:
Exclusive-South Korea asks banks to prepare $4 billion to support credit union – sources
By Seunggyu Lim SEOUL (Reuters) - South Korea's financial services regulator has asked major commercial banks to prepare around $4 billion in financing to support a credit cooperative hit by customer ...
Jul 10, 2023
European shares slip as China data sparks disinflation concerns
(Reuters) - European shares slipped on Monday after logging big weekly losses as weak inflation numbers from China stoked concerns about sluggish demand, while investors awaited U.S. inflation data as...
Jul 10, 2023
Ocado launches first robotic warehouse in Asia with Aeon
LONDON (Reuters) - British online supermarket and technology group Ocado said on Monday its first robotic warehouse in Asia, built for Japanese partner Aeon, has gone live. The warehouse, or customer ...
Jul 10, 2023
Westpac hires RBA assistant gov Luci Ellis as chief economist
SYDNEY (Reuters) - Australia's central bank is set to lose a top official to the private sector amid a broader shake-up that could soon see its chief replaced. Westpac announced on Monday that it has ...
Jul 10, 2023
China’s state planner holds meeting with private firms, including Baidu
(Corrects to clarify Li Qiang is head of the State Council, not state planner) BEIJING (Reuters) - China's state planner said on Monday it held a meeting with private firms including Baidu and LONGi G...
Jul 10, 2023
What people are saying about Ant Group’s $984 million fine and share buyback
(Reuters) - China's Ant Group has announced a surprise share buyback that values the fintech giant at $78.5 billion, well below the $315 billion touted in an abandoned IPO in 2020, in a move that may ...
Jul 10, 2023
Carl Icahn unties personal loans from his company’s shares- WSJ
(Reuters) - Carl Icahn and banks have finalized amended loan agreements that untie Icahn's personal loans from the trading price of Icahn Enterprises, after a short-seller report in May flagged concer...
Jul 10, 2023
Analysis-Ground down: Australia coffee shops an early inflation casualty
By Byron Kaye and Lewis Jackson SYDNEY (Reuters) - The cost of serving up a sandwich with a cup of coffee has hit the roof across Australia's vaunted cafes, squeezing profits and forcing a wave of clo...
Jul 10, 2023
BOJ highlights broadening wage, price hikes in report on regional Japan
By Leika Kihara TOKYO (Reuters) - Many regional areas of Japan saw small and mid-sized firms aggressively raise wages, reflecting intensifying labour shortages, the Bank of Japan (BOJ) said on Monday,...
Jul 10, 2023
China urges ‘practical’ U.S. action on sanctions after Yellen talks
BEIJING (Reuters) - China on Monday called on the U.S. to take "practical action" in response to its "major concerns" about sanctions on Chinese firms, after U.S. Treasury Secretary Janet Yellen wrapp...
Jul 10, 2023
Peoria, IL, USA
78 °F Sunny
