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Asian shares slide as traders fret on Fed rates
By Ankur Banerjee SINGAPORE (Reuters) - Asian shares slipped on Thursday after a surprise interest rate hike by Bank of Canada revived worries that U.S. rates could stay higher for longer and the Fede...
Syndicated Content Jun 07, 2023
South Korea sees annual growth ‘slightly lower’ than 1.6%
SEOUL (Reuters) - South Korea's finance minister said on Thursday this year's economic growth would likely be lower than the government's previous projection of 1.6%. The government will "slightly low...
Syndicated Content Jun 07, 2023
Oil steady as investors weigh supply and demand drivers
By Jeslyn Lerh SINGAPORE (Reuters) - Oil prices were little changed in early Asia trade on Thursday as investors weighed demand concerns over a global economic slowdown against an expected fall in sup...
Syndicated Content Jun 07, 2023
China’s biggest state banks cut interest rates on yuan deposits
BEIJING (Reuters) - China's biggest banks on Thursday said they have lowered their interest rates on yuan deposits, action that could ease pressure on profit margins and make room for reduced lending ...
Syndicated Content Jun 07, 2023
StanChart trimming roles as part of cost cuts – Bloomberg News
(Reuters) - Standard Chartered is starting to lay off employees across its Singapore, London, and Hong Kong hubs as part of its existing plan to cut costs by more than $1 billion through 2024, Bloombe...
Syndicated Content Jun 07, 2023
Dollar steady as traders consider Fed, global rates outlook
By Rae Wee SINGAPORE (Reuters) - The dollar was on the back foot on Thursday, though it drew some support from higher U.S. Treasury yields as traders contemplated the possibility of another rate hike ...
Syndicated Content Jun 07, 2023
Hollywood actor becomes latest arrested in Jan 6 Capitol assault
LOS ANGELES (Reuters) - A Hollywood actor who has appeared on such TV shows as "Arrested Development" and the cartoon hit "Bob's Burgers," was arrested on Wednesday for his role in the U.S. Capitol ri...
Syndicated Content Jun 07, 2023
TikTok seeks up to $20 billion in e-commerce business this year – Bloomberg News
(Reuters) - ByteDance Ltd's TikTok hopes to more than quadruple the size of its worldwide e-commerce operation to as much as $20 billion in merchandise sales this year, relying on growth in Southeast ...
Syndicated Content Jun 07, 2023
Japan’s current account in black for third straight month
TOKYO (Reuters) - Japan posted a current account surplus for the third month in April as the trade deficit narrowed and income gains from overseas investment grew, government data showed, easing worri...
Syndicated Content Jun 07, 2023
India central bank to hold rates, markets on guard for any shift in stance
By Swati Bhat MUMBAI (Reuters) - The Reserve Bank of India (RBI) is widely seen holding key rates steady on Thursday but commentary around the future trajectory of interest rates and banking system li...
Syndicated Content Jun 07, 2023
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