S.Korean won tumbles after Fed hike despite official warnings
By Choonsik Yoo SEOUL (Reuters) -South Korea’s won fell more than 1% on Thursday, ending below a key psychological level for the first time in 13-1/2 years, as the U.S.…
By Choonsik Yoo SEOUL (Reuters) -South Korea’s won fell more than 1% on Thursday, ending below a key psychological level for the first time in 13-1/2 years, as the U.S.…
By Ira Dugal and Aftab Ahmed NEW DELHI (Reuters) -The Indian government is not averse to a weaker rupee in line with global market fundamentals, a senior official told Reuters,…
SINGAPORE (Reuters) – Goldman Sachs, Barclays and a bunch of investment banks raised their estimates for U.S. policy rates on Thursday, following the Federal Reserve’s 75 basis point rate rise…
ZURICH (Reuters) – Novartis AG plans to ask the U.S. Supreme court to uphold the validity of a patent it holds on the dosing regimen for multiple sclerosis drug Gilenya…
By David Ljunggren (Reuters) -Russia has released 215 Ukrainians it took prisoner after a protracted battle for the port city of Mariupol earlier this year, including top military leaders, a…
ROTTACH-EGERN, Germany (Reuters) – German police raided a lakeside villa registered to Russian-Uzbek oligarch Alisher Usmanov in the southern state of Bavaria on Wednesday as part of investigations into suspected…
By Simon Jessop and Sinead Cruise LONDON (Reuters) – HSBC Holdings Plc told Reuters on Thursday it will stop financing the expansion of thermal coal from funds it manages actively…
(Reuters) -Credit Suisse Group AG has drawn up plans to split its investment bank in three, the Financial Times reported on Thursday, as the Swiss lender attempts to emerge from…
FRANKFURT (Reuters) – The euro zone is facing an economic downturn but inflation is still far too high, so interest rates need to keep going up, European Central Bank board…
A look at the day ahead in European and global markets from Anshuman Daga No pain, no gain. That seems to be message from the Fed as it gave sobering…
TOKYO (Reuters) – Japan has not intervened in the currency market yet but will “most certainly” do so when necessary, the country’s top currency diplomat, Masato Kanda, said on Thursday.…
BEIJING (Reuters) – The China Development Bank (CDB) said on Thursday it will increase the number of infrastructure loans it gives to local governments, while prioritising the needs of major…
By David Shepardson WASHINGTON (Reuters) -U.S. theft claims were nearly twice as common for Hyundai Motor and Kia Corp vehicles compared with all other manufacturers among 2015 through 2019 model-year…
By Ismail Shakil (Reuters) -Russian President Vladimir Putin’s military mobilization order and threats to use nuclear weapons show that the Ukraine invasion is failing, Canadian Prime Minister Justin Trudeau said…
HONG KONG (Reuters) – HSBC Holdings said on Thursday it raised its best lending rate in Hong Kong by 12.5 basis points to 5.125% effective Sept. 23 after the city’s…
By Andrea Shalal WASHINGTON (Reuters) -The Inter-American Development Bank’s directors are nearing consensus on the need to remove President Mauricio Claver-Carone after an independent ethics investigation, and could vote as…
PRAGUE (Reuters) – Czech National Bank Vice-Governor Eva Zamrazilova is not likely to vote for a rate cut this year as she expects little chance of inflation slowing in a…
By Hyonhee Shin SEOUL (Reuters) -South Korean President Yoon Suk-yeol asked U.S. President Joe Biden to help address Seoul’s concerns that new U.S. rules on electric vehicle subsidies will hurt…
(Reuters) – The Bank of Japan maintained ultra-low interest rates and dovish policy guidance on Thursday, reassuring markets that it will continue to swim against a global tide of central…
HONG KONG (Reuters) -Hong Kong’s finance chief said on Thursday he does not see a sharp risk to the city’s real estate market nor a need to adjust property control…
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s Finance Minister Grant Robertson said on Thursday that new legislation had been introduced to parliament that will establish a formal scheme to…
By John Irish and Michelle Nichols UNITED NATIONS (Reuters) -European Union foreign ministers agreed on Wednesday to prepare new sanctions on Russia and increase weapons’ deliveries to Kyiv after President…
By David Brunnstrom and Hyonhee Shin UNITED NATIONS/SEOUL (Reuters) -South Korean President Yoon Suk-yeol and Japanese Prime Minister Fumio Kishida held their first one-on-one talks on Wednesday and agreed on…
By Kevin Buckland and Vidya Ranganathan SINGAPORE (Reuters) -A quadrillion yen is lying idle with Japanese households, ready to be shipped overseas when yields abroad turn more attractive, and that…
SEOUL (Reuters) – South Korean President Yoon Suk-yeol has asked his U.S. counterpart Joe Biden to resolve Seoul’s concerns over the recently passed U.S. Inflation Reduction Act, Yonhap news agency…