Category Archives:
Analysis – A $1 trillion headache: China’s local fiscal shortfall poses broader growth risks
By Ellen Zhang and Ryan Woo BEIJING (Reuters) - By any account, $1 trillion seems huge. That's the scale of budget shortfalls facing Chinese provinces, reducing their fiscal firepower to fund infrastr...
Oct 16, 2022
Analysis-Indonesia’s defences start crumbling against relentless dollar
By Rae Wee and Summer Zhen SINGAPORE (Reuters) - Indonesia's currency is tumbling and foreign money in its bond markets is heading for the exits, stoking fears that Southeast Asia's largest economy is...
Oct 16, 2022
Kakao says service outage’s financial effect expected to be limited
SEOUL (Reuters) -Kakao Corp, South Korea's dominant chat app operator, said on Monday the financial effect of a widespread service outage was expected to be limited on Kakao and its key units. A fire ...
Oct 16, 2022
Japan top currency diplomat: would respond firmly to excessive FX moves
TOKYO (Reuters) - Japan would firmly respond to any excessive currency fluctuations, its top currency diplomat Masato Kanda said, following the yen's sharp fall to a 32-year low to the dollar. Each co...
Oct 16, 2022
UK housing market shows strains from “mini-budget”: Rightmove
LONDON (Reuters) - Britain's housing market lost momentum this month after Prime Minister Liz Truss's economic plans upset financial markets and triggered a repricing of the mortgage market, data from...
Oct 16, 2022
UK CFOs say credit is expensive, hit by “mini-budget” – Deloitte survey
By William Schomberg LONDON (Reuters) - More large British companies view borrowing as expensive than at any time in the past decade, due partly to financial market turmoil caused by the government's ...
Oct 16, 2022
New UK finance minister faces market verdict after gutting Truss’s plans
By William Schomberg LONDON (Reuters) - Britain's new finance minister Jeremy Hunt faces an early test of his attempt to stem the crisis of confidence in Prime Minister Liz Truss on Monday when the bo...
Oct 16, 2022
Australia’s Medibank says normal operations resume after ransomware attack
(Reuters) - Australian health insurer Medibank Private Ltd said on Monday normal business operations had resumed after an attempted ransomware attack and reaffirmed that there was no evidence that cus...
Oct 16, 2022
Broadcom banking on early EU approval of $61 billion VMware deal -sources
By Foo Yun Chee BRUSSELS (Reuters) - U.S. chipmaker Broadcom will seek early European Union antitrust approval of its proposed $61 billion buy of cloud computing company VMware by pointing to competit...
Oct 16, 2022
EU needs to up electric vehicle support to fend off Chinese competition – NGO
By Nick Carey (Reuters) - The European Union needs to provide more regulatory incentives for its carmakers to scale up fully electric vehicle (EV) production or risk losing market share to Chinese riv...
Oct 16, 2022
Peoria, IL, USA
37 °F Sunny
