Category Archives:
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
Asia shares cautious as Wall St futures slip
By Wayne Cole SYDNEY (Reuters) - Asian share markets started cautiously on Monday as a run of soft U.S. data suggested downside risks for this week's June payrolls report, while the hubbub over possib...
Jul 03, 2022
Australia’s Link rejects Dye & Durham’s lower offer, but keeps door open
(Reuters) - Australia's Link Administration said on Monday it will not recommend Canadian cloud-based software firm Dye & Durham Ltd's lowered takeover bid but agreed to continue to engage with it on ...
Jul 03, 2022
Malaysia central bank to hike rates again in July and September
By Anant Chandak and Shaloo Shrivastava BENGALURU (Reuters) - Malaysia's central bank will raise rates by 25 basis points on Wednesday, its first consecutive rise in more than a decade, to rein in inf...
Jul 03, 2022
S.Korea policymakers to closely monitor impact of rising interest rates
SEOUL (Reuters) - South Korea's finance ministry and central bank said on Monday they had agreed to cooperate in minimizing adverse risks of rising interest rates on vulnerable households and business...
Jul 03, 2022
Peoria, IL, USA
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