Category Archives:
S.Korea’s POSCO Holdings sees steel demand remaining weak; Q3 profit tumbles
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korea's POSCO Holdings on Monday forecast weak steel demand would persist into the first half of next year after a price slump and a production ha...
Oct 24, 2022
Rouble steadies near 61 vs dollar with upcoming rate decision in focus
MOSCOW (Reuters) - The Russian rouble stabilised on Monday, supported by a favourable month-end tax period and the prospect of upcoming dividend payments, which also pushed stocks higher, as investors...
Oct 24, 2022
Japan’s Nidec posts 16% jump in Q2 operating profit to record
TOKYO (Reuters) - Japanese electric motor maker Nidec Corp on Monday posted a 16% rise in second-quarter operating profit, setting a record, as it passed on higher prices to customers, reduced costs a...
Oct 24, 2022
World Bank sees Western Balkans economy growing 3.4% in’22, 2.8% in ’23
SARAJEVO (Reuters) - The World Bank on Monday rose its 2022 forecast of economic growth for six countries of the Western Balkans to 3.4% from 3.1% previously but warned it was still impacted by the wa...
Oct 24, 2022
Rusal accuses Potanin of breaching Nornickel shareholder pact
MOSCOW (Reuters) - Russian aluminium producer Rusal said on Monday it has filed a lawsuit in London alleging Vladimir Potanin, CEO of metals giant Norilsk Nickel, is in breach of a decade-old deal, re...
Oct 24, 2022
European stocks jump on Fed slowdown hopes, Prosus slides on China woes
(Reuters) - European shares rose on Monday, driven by hopes that the Federal Reserve could slow its pace of interest rate hikes, while investors braced for a busy week of earnings and a key interest r...
Oct 24, 2022
Analysis-Will they or won’t they? Japan uses guessing game to shore up yen
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) - Japanese authorities are relying heavily on psychological tactics to fight yen bears, which means keeping markets guessing about their foreign e...
Oct 24, 2022
China appoints three policy bank executives after party congress
BEIJING (Reuters) - China has named Xu Shouben and Wang Weidong as vice presidents of China Development Bank (CDB), the nation's biggest policy lender, according to statements released by China's bank...
Oct 24, 2022
Indonesia exports could hit $300 billion by 2024, spurred by resource ‘downstreaming’
By Fransiska Nangoy and Gayatri Suroyo JAKARTA (Reuters) - Indonesia's exports could hit a record $280 billion this year, with nickel-based steel shipments rising sharply after the country banned nick...
Oct 24, 2022
German companies increasingly struggling to access credit – Ifo
BERLIN (Reuters) - Around one in four German companies currently seeking new loans are reporting restraint from lenders as high inflation and concerns over energy supply rattle Europe's largest econom...
Oct 24, 2022
Peoria, IL, USA
58 °F Light Rain
