Category Archives:
China, HK to launch rate ‘Swap Connect’ toward financial integration
HONG KONG (Reuters) - China and Hong Kong will launch "Swap Connect" after six months, allowing mutual access to interest rate swap trading initially, to promote financial derivatives markets on both ...
Jul 03, 2022
Gold teeters above $1,800 as lower yields counter dollar strength
By Bharat Gautam (Reuters) - Gold inched higher in choppy trade on Monday, as weakness in Treasury yields kept prices above the $1,800-mark and marginally outweighed pressure stemming from elevated U....
Jul 03, 2022
Silvina Batakis: heterodox economist in the hot seat in Argentina
By Jorge Otaola BUENOS AIRES (Reuters) - Silvina Batakis arrives at Argentine's Ministry of Economy in full-blown crisis mode, with inflation above 60%, a high fiscal deficit, fears rising about debt ...
Jul 03, 2022
Japan FY2021/22 tax revenue seen revised up to record amount – draft
TOKYO (Reuters) - Japan's government has revised up its estimates of national tax revenue from the last fiscal year ended in March, as a weak yen and economic recovery from the pandemic helped boost b...
Jul 03, 2022
Geely founder’s venture completes purchase of majority stake in China’s Meizu
SHANGHAI (Reuters) - A venture run by the founder of Chinese automaker Zhejiang Geely Holding announced on Monday it has completed the purchase of a 79.09% stake in smartphone brand Meizu, and that th...
Jul 03, 2022
Dollar holds firm as growth fears stalk markets
By Tom Westbrook and Rae Wee SINGAPORE (Reuters) - The dollar kept trade-sensitive currencies pinned near multi-year lows on Monday and the euro was under pressure as investors sought safety due to wo...
Jul 03, 2022
China central bank upgrades currency swap with HKMA, expands size
BEIJING (Reuters) -China's central bank said on Monday that it has upgraded a currency swap facility with Hong Kong to a permanent agreement and expanded the size to 800 billion yuan ($119.40 billion)...
Jul 03, 2022
KDDI shares fall nearly 4% after its biggest service outage
(Reuters) - KDDI Corp shares fell as much as 3.9% on Monday after a weekend outage, the biggest system failure in the history of Japan's No.2 wireless carrier which affected almost 40 million users na...
Jul 03, 2022
Oil prices slip as recession fears rumble on, tight supply stems losses
By Sonali Paul MELBOURNE (Reuters) - Oil prices fell in early Asian trade on Monday, paring gains from the previous session as fears of global recession weighed on the market even as supply remains ti...
Jul 03, 2022
Nervous staff and no bankers: Western firms struggle to exit Russia
By Essi Lehto and Anne Kauranen HELSINKI (Reuters) - For foreign companies still working out what to do with their stranded Russian assets, President Vladimir Putin's seizure of a major oil and gas pr...
Jul 03, 2022
