Category Archives:
Indonesia central bank says new payment system to slash money transfer costs
JAKARTA (Reuters) - Indonesia's central bank on Tuesday launched a new retail payment system that its governor said will slash the cost of money transfers and support the country's booming digital eco...
Dec 20, 2021
Vietnam mobile wallet MoMo says valuation tops $2 billion after funding
HANOI (Reuters) - Vietnam's biggest e-wallet company, MoMo, said on Tuesday said it had raised $200 million from four investors led by Mizuho Bank, pushing its valuation above $2 billion. The consorti...
Dec 20, 2021
Businesses fret as South Korea reimposes COVID-19 curfews
SEOUL (Reuters) - As clocks struck 9 p.m. this week, customers packed up and left restaurants and other eateries across South Korea as a reimposed curfew designed to help stem a surge in coronavirus i...
Dec 20, 2021
Asian shares claw back some Omicron losses but risks loom large
By Julie Zhu HONG KONG (Reuters) - Asian stocks rose on Tuesday, shrugging off a bruising Wall Street session, as Chinese markets cheered Beijing's push to help troubled property firms, although surgi...
Dec 20, 2021
U.S. files action to return $150 Million in alleged embezzled funds to Sony
WASHINGTON (Reuters) - The United States filed a civil forfeiture complaint on Monday to return more than $154 million in funds that were allegedly stolen from a subsidiary of Tokyo-based Sony Corp an...
Dec 20, 2021
China Mobile to raise up to $8.8 billion in Shanghai listing
(Reuters) - China Mobile, the world's largest mobile network operator by number of subscribers, said it plans to raise as much as 56 billion yuan ($8.8 billion) in a Shanghai public offering. The comp...
Dec 20, 2021
Analysis-Malaysia’s labour abuse allegations a risk to export growth model
By Liz Lee, Mei Mei Chu and A. Ananthalakshmi KUALA LUMPUR (Reuters) - Malaysia's government and companies must address mounting allegations of workplace abuse of migrant labourers who fuel the countr...
Dec 20, 2021
Oil prices edge higher but investor worries on Omicron spread remain
By Jessica Jaganathan SINGAPORE (Reuters) - Oil prices edged higher on Tuesday, though investors remained worried about the rapid spread of the Omicron coronavirus variant globally, prompting countrie...
Dec 20, 2021
Dollar on back foot as Treasury yields soften, Omicron keeps markets on edge
By Alun John HONG KONG (Reuters) - The dollar hovered below recent highs on Tuesday having lost ground overnight after a blow to Democratic spending plans in Washington, but worries about the Omicron ...
Dec 20, 2021
Australia’s central bank upbeat on outlook ahead of QE decision
By Wayne Cole SYDNEY (Reuters) - Australia's central bank is optimistic the spread of the Omicron variant will not derail an ongoing economic recovery, giving it the option to end quantitative easing ...
Dec 20, 2021
Peoria, IL, USA
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