Category Archives:
Samsung Q2 solid on server-chip demand, smartphones cloud outlook
By Joyce Lee SEOUL (Reuters) - Samsung Electronics Co Ltd is likely to turn in its best April-June profit since 2018 with a 15% year-on-year rise, as lingering demand for its memory chips from server ...
Jul 04, 2022
Australia’s central bank raises rates 50bp to 1.35%
SYDNEY (Reuters) - Australia's central bank raised its cash rate 50 basis points to 1.35% on Tuesday and flagged more tightening ahead as it struggles to contain surging inflation. Wrapping up its Jul...
Jul 04, 2022
Hyundai Motor’s South Korea trade union aims to resume annual wage talks
By Heekyong Yang SEOUL (Reuters) - The union that represents Hyundai Motor Co's South Korean workers said on Tuesday it plans to resume a week of wage talks with management on Wednesday, staving off a...
Jul 04, 2022
Saudi non-oil private sector gallops despite inflation -PMI
DUBAI (Reuters) - Saudi Arabia's non-oil private sector expanded in June at its fastest pace since September as demand continued to rise strongly despite the highest inflation in nearly two years, a s...
Jul 04, 2022
UAE non-oil private sector growth slows as inflation bites -PMI
DUBAI (Reuters) - Business activity in the United Arab Emirates non-oil private sector retreated to its slowest pace in five months in June though growth remained positive for the 19th consecutive mon...
Jul 04, 2022
Japan’s huge fiscal stimulus stuck in implementation trap
By Takaya Yamaguchi and Tetsushi Kajimoto TOKYO (Reuters) - Japan has been left with unspent budget totalling 22.4 trillion yen ($161.41 billion) from the last fiscal year, a draft seen by Reuters sho...
Jul 04, 2022
China calls virtual talks with Yellen ‘constructive’
BEIJING (Reuters) -Chinese Vice Premier Liu He had a "constructive" virtual dialogue with U.S. Treasury Secretary Janet Yellen on Tuesday, with both sides agreeing to better coordinate macro policies,...
Jul 04, 2022
EU’s green gas and nuclear investment rules head for final vote
By Kate Abnett BRUSSELS (Reuters) - The EU's plan to label investments in gas and nuclear power plants as climate-friendly faces a final vote on Wednesday when European lawmakers decide whether to acc...
Jul 04, 2022
Exclusive: China to set up infrastructure fund worth $75 billion to revive economy – sources
BEIJING (Reuters) - China will set up a state infrastructure investment fund worth 500 billion yuan ($74.69 billion) to spur infrastructure spending and revive a flagging economy, two people with know...
Jul 04, 2022
Asia stocks edge higher; growth, inflation fears check gains
By Kane Wu HONG KONG (Reuters) - Asian shares inched up on Tuesday morning as positive economic data and hints of easing Sino-U.S. tensions offered some respite to the recent sell-offs, though persist...
Jul 04, 2022
Peoria, IL, USA
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