Category Archives:
South Korea plans financial tool to head off crises
SEOUL (Reuters) - South Korea's top financial regulator unveiled on Tuesday a draft plan for supporting distressed financial companies to prevent failures, rather than waiting to bail them out after t...
Jul 25, 2022
China certifies new civil helicopter jointly developed with Airbus
BEIJING/SYDNEY (Reuters) - China has certified for use a helicopter jointly developed by a state-run company and Airbus SE, state-controlled media reported on Tuesday. The AC352, developed by Aviation...
Jul 25, 2022
Biden, chairman of South Korea’s SK Group to meet virtually on Tuesday
WASHINGTON/SEOUL (Reuters) - U.S. President Joe Biden will meet virtually on Tuesday with the chairman of South Korean conglomerate SK Group to discuss the company's investments in American manufactur...
Jul 25, 2022
Rio Tinto, Fortescue record profits near end on price view, dim demand
By Sameer Manekar and Shashwat Awasthi (Reuters) - Australian iron ore miners Rio Tinto and Fortescue Metals Group Ltd are unlikely to see a repeat of record profits booked in recent years as they fac...
Jul 25, 2022
Taiwan Q2 GDP to gain from chip exports, but face COVID headwinds – Reuters poll
TAIPEI (Reuters) - Taiwan's trade-reliant economy is expected to have expanded on the back of strong global demand for computer chips, though COVID-19 lockdowns in top export market China and a surge ...
Jul 25, 2022
Stocks wobble on Walmart warning, looming Fed hike
By Kane Wu HONG KONG (Reuters) - Asian shares wobbled on Tuesday and bonds were firm as a profit warning from Walmart put consumption and company earnings under a cloud ahead of what is likely to be a...
Jul 25, 2022
Ant Group executives step down from Alibaba Partnership
BEIJING (Reuters) - Seven Ant Group executives including Chief Executive Eric Jing have stepped down from Alibaba Partnership, Alibaba's annual report released Tuesday showed, as the pair chart separa...
Jul 25, 2022
Logitech’s quarterly profit slumps 38% as pandemic demand wanes
(Reuters) - Logitech International reported a 38% fall in first-quarter adjusted profit and cut its full-year 2023 outlook on Tuesday, as the maker of web-cams, speakers and computer mice struggled to...
Jul 25, 2022
Oil rises as Russian gas cut to Europe may encourage switching to crude
By Yuka Obayashi TOKYO (Reuters) - Oil rose on Monday on expectations Russia's reduction in natural gas supply to Europe could encourage a switch to crude, though concerns over weakening fuel demand b...
Jul 25, 2022
Global growth fears, Fed keep dollar propped up
By Tom Westbrook SINGAPORE (Reuters) - The dollar wobbled around just below multi-decade peaks on Tuesday, as traders waited on a rate hike from the U.S. Federal Reserve and for any clues about whethe...
Jul 25, 2022
Peoria, IL, USA
48 °F Sunny
