By Georgina Lee HONG KONG (Reuters) – Hong Kong’s first bitcoin and ether futures exchange traded funds (ETFs) ended their first trading day higher on Friday, reflecting investors’ interest despite …
Reuters
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- Business News
Macau casinos to invest $15 billion over next 10 years, mostly on non-gaming
by Reutersby ReutersBy Farah Master HONG KONG (Reuters) -Macau said on Friday six casino firms will invest around $15 billion as part of new 10-year contracts they signed to operate in the …
- Business News
Analysis: Deutsche Bank’s rollercoaster ride towards more stability
by Reutersby ReutersBy Tom Sims and Marta Orosz FRANKFURT (Reuters) – In 2019, Deutsche Bank set out on a journey to cut dependence on its volatile investment bank and rely instead on …
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SHANGHAI (Reuters) – China’s securities regulator said on Friday it will launch a reform this month to bring the country’s securities settlement system more in line with international practices, to …
- Business News
Analysis-Britain takes fight to restore investor faith into 2023
by Reutersby ReutersBy Sinead Cruise, Kate Holton and Dhara Ranasinghe LONDON (Reuters) – Major investors are rethinking their support for Britain’s economy following months of political turmoil and persistent Brexit uncertainties, as …
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BERLIN (Reuters) – A downturn in German economic activity eased for the second month running in December, a preliminary survey showed on Friday, as retreating price` pressures added to hopes …
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FRANKFURT (Reuters) – Inflation in Germany, the euro zone’s biggest economy, is likely to be higher than earlier thought while economic growth will be weaker with a recession next year …
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South Korea pension fund opens up FX hedging limit to maximum 10%
by Reutersby ReutersBy Jihoon Lee SEOUL (Reuters) -South Korea’s mammoth state pension fund will hedge foreign exchange risks for up to 10% of its overseas investment compared with zero up to now, …
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(This Dec. 15 story has been corrected to change Robert Dishner’s location to London from Chicago in paragraph 33) LONDON (Reuters) – The Bank of England on Thursday raised interest …
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By Sudip Kar-Gupta PARIS (Reuters) – French business activity contracted at a faster rate in December than the previous month, a survey showed on Friday, adding to signs of a …
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Rio Tinto completes $3.3 billion Turquoise Hill deal for larger share in Mongolia project
by Reutersby Reuters(Reuters) -Rio Tinto Ltd said on Friday it had completed its long drawn-out acquisition of remaining 49% stake in Turquoise Hill Resources, giving the Anglo-Australian firm a 66% stake in …
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PARIS (Reuters) – European Central Bank (ECB) member and Bank of France head Francois Villeroy de Galhau said on Friday the fight against inflation wasn’t over, adding it should peak …
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U.S. Senate passes stopgap funding bill to avert government shutdown
by Reutersby ReutersBy Makini Brice and Richard Cowan WASHINGTON (Reuters) – The U.S. Senate passed by a 71-19 vote a weeklong stopgap funding bill on Thursday to avoid a partial government shutdown …
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China’s re-opening to lift Asia equity capital market volumes from three-year lows
by Reutersby ReutersBy Scott Murdoch SYDNEY (Reuters) – Asian equity capital markets activity, languishing at three-year lows now, is set to get a much needed boost in 2023 from China’s expected re-opening …
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By Nell Mackenzie LONDON (Reuters) – Well-known activist short-selling hedge funds expect to find more companies squeezed by tough economic conditions in 2023, potentially increasing instances where balance-sheet sinkholes are …
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No Santa rally for markets as central banks dampen peak rate hopes
by Reutersby ReutersBy Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) -Forget a year-end rally in financial markets. The message from major central banks is loud and clear: the battle to tame inflation …
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Sony considers $5.8 billion smartphone sensor factory in Japan – media
by Reutersby ReutersTOKYO (Reuters) – Sony Group Corp is considering an investment of about 800 billion yen ($5.83 billion) to build a factory to make smartphone image sensors in western Japan, the …
- US and World News
Global coal consumption to reach all-time high this year – IEA
by Reutersby ReutersBy Nina Chestney LONDON (Reuters) – Global coal consumption is set to rise to an all-time high in 2022 and remain at similar levels in the next few years if …
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India rupee settlement mechanism draws interest from more nations
by Reutersby ReutersBy Nikunj Ohri and Shivangi Acharya (Reuters) – India’s rupee trade settlement mechanism, a means of using rupees instead of dollars and other big currencies for international transactions, is attracting …
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A look at the day ahead in European and global markets from Ankur Banerjee Investors have hunkered down with their risk-off hat on, after a central bank bonanza this week …
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China’s economy picking up but “arduous efforts” needed to sustain momentum – state planner
by Reutersby ReutersBEIJING (Reuters) – China’s economy is expected to pick up, but “arduous efforts” are needed to sustain the recovery in growth due to an adverse external environment and the global …
- Business News
Japan Nov consumer inflation likely to hit fresh four-decade high – Reuters poll
by Reutersby ReutersTOKYO (Reuters) – Japan’s nationwide consumer price inflation likely hit a fresh 40-year high in November, as firms increasingly passed on high energy, food and raw material costs to households, …
- Business News
U.S. Senate passes record $858 billion defense act, sending bill to Biden
by Reutersby ReutersBy Patricia Zengerle WASHINGTON (Reuters) -The U.S. Senate passed legislation on Thursday authorizing a record $858 billion in annual defense spending, $45 billion more than proposed by President Joe Biden, …
- US and World News
Capping rocky 2022, EU agrees more Russia sanctions, funds for Ukraine
by Reutersby ReutersBy Sabine Siebold and Bart H. Meijer BRUSSELS (Reuters) -European Union leaders wrapped up their last summit of 2022 with an agreement to provide 18 billion euros in financing to …
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By Alexandra Alper WASHINGTON (Reuters) -The Biden administration on Thursday added Chinese memory chipmaker YMTC and 21 “major” Chinese players in the artificial intelligence chip sector to a trade blacklist, …