Category Archives:
Indonesia lowers VAT on electric vehicles to 1%
JAKARTA (Reuters) - Indonesia has lowered its value-add tax on battery-based electric vehicle sales to 1% from 11% to encourage the adoption of EVs, a government ministry said on Monday, amid efforts ...
Apr 03, 2023
Marketmind: Oil spike a black mark for inflation, consumer demand
By Wayne Cole (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. Oil prices have stolen the show in Asia on Monday, and not in a good way if you care about global infl...
Apr 03, 2023
M&G to oppose private equity bid for UK events group Hyve – FT
(Reuters) - M&G Investments will vote against a takeover of British events group Hyve PLC, along with two other shareholders who think the bid significantly undervalues the international exhibition co...
Apr 03, 2023
As banking jitterbug dies down, Fed returns to its main dance partner
By Howard Schneider WASHINGTON (Reuters) - Federal Reserve officials, increasingly confident they have nipped a potential financial crisis in the bud, now face a difficult judgment on whether demand i...
Apr 03, 2023
Asia’s factory activity weakens as global demand falters
By Leika Kihara TOKYO (Reuters) - Asia's factory activity weakened in March as soft overseas demand hurt output, surveys showed on Monday, suggesting that a deteriorating global outlook will remain a ...
Apr 02, 2023
Shipbuilder Austal sinks on former U.S. executives’ indictment for financial fraud
(Reuters) - Australian shipbuilder Austal Ltd sank as much as 8.4% to its lowest level in more than four years on Monday after the United States Department of Justice indicted three of its former U.S....
Apr 02, 2023
Mitsubishi UFJ to postpone AT1 bond issuance in Credit Suisse fallout
TOKYO (Reuters) - Mitsubishi UFJ Financial Group Inc will postpone the issuance of Additional Tier-1 (AT1) bonds to mid-May or later from late April, a spokesperson said on Monday, after the Swiss dec...
Apr 02, 2023
E-commerce firm Boxed Inc files for bankruptcy, eyes software unit sale
(Reuters) - Boxed Inc filed for Chapter 11 bankruptcy protection and was pursuing sale of its software business, the e-commerce grocery platform said on Sunday, adding that it will also wind down its ...
Apr 02, 2023
Nomura names Rudolf Hitsch North Asia head of wealth management
HONG KONG (Reuters) - Japanese investment bank Nomura Holdings Inc on Monday said it has appointed Dr. Rudolf Hitsch as head of North Asia for its international wealth management business. Hitsch, for...
Apr 02, 2023
Dollar gains as inflation worries resurface after OPEC+ surprise
By Ankur Banerjee SINGAPORE (Reuters) - The U.S. dollar started the week higher as fears over inflation resurfaced after a surprise announcement by major oil producers to cut production further, with ...
Apr 02, 2023
Peoria, IL, USA
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