Business News

By Summer Zhen and Tom Westbrook HONG KONG (Reuters) -As Chinese assets whipsaw around hopes and fears over the country’s path out of the pandemic, big offshore investors are slowly …

BEIJING (Reuters) – China’s services activity shrank to six-month lows in November as widening COVID containment measures weighed on demand and operations, a private-sector business survey showed on Monday, pointing …

TOKYO (Reuters) -Japan’s service sector activity grew in November at the slowest pace in three months, as relentless inflation dampened a part of the economy that was benefiting from the …

SEOUL (Reuters) – South Korean President Yoon Suk-yeol renewed his pledge to focus all government resources on boosting exports, saying in a speech on Monday that exports had been and …

SEOUL (Reuters) – South Korea’s exports in 2023 are expected to post their first fall since 2020, on weakening IT demand, falling oil prices and a delay in global economic …

(Reuters) – Investors including Saudi Arabia’s crown prince and a U.S. private-equity firm run by a former Barclays CEO have shown interest in investing $1 billion or more in Credit …

(Reuters) -President Joe Biden and French President Emmanuel Macron agreed during a state visit earlier this week to “fix” issues arising from U.S. legislation that includes subsidies for American-made products, …

BRUSSELS (Reuters) – The Group of Seven nations, Australia and the 27 European Union countries imposed on Dec. 5 a price cap on Russian crude oil transported by ships, aiming …

By Tom Westbrook and Georgina Lee SINGAPORE/HONG KONG (Reuters) -It’s what is known in the markets as a “tail risk”: a highly unlikely scenario in which Hong Kong’s currency peg …

SAO PAULO (Reuters) – Brazil’s Real Madrid forward Vinicius Jr is trying to terminate his sponsorship agreement with Nike Inc, website UOL reported on Sunday, saying the player feels he …

By Lucy Craymer WELLINGTON (Reuters) – The New Zealand government said it will introduce a law that will require big online digital companies such as Alphabet Inc’s Google and Meta …

(Reuters) -Crypto broker Genesis and its parent company Digital Currency Group (DCG) owe customers of the Winklevoss twins’ crypto exchange Gemini $900 million, the Financial Times reported on Saturday. Crypto …

By Makiko Yamazaki TOKYO (Reuters) -Singapore-based hedge fund 3D Investment Partners got two of its nominees on the board of software developer Fuji Soft Inc on Sunday, in the latest …

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Interest rate decisions in Australia and India are the main set-piece events in …

SEOUL (Reuters) – South Korea’s foreign exchange reserves increased in November for the first time in four months and by the largest amount in 13 months, central bank data showed …

By Christian Akorlie and Cooper Inveen ACCRA (Reuters) – Ghana will launch a domestic debt exchange on Monday, its Finance Minister Ken Ofori-Atta said, expressing confidence that the move would …

PARIS (Reuters) -The European Central Bank should raise interest rates by 50 basis points (bp) on Dec. 15, French central bank chief Francois Villeroy de Galhau said on Sunday, reinforcing …

DUBAI (Reuters) – Saudi Arabia’s stock exchange said on Sunday it was launching a market-making framework for its stock and derivatives markets to help ensure liquidity and raise price-determination efficiency. …

ROME (Reuters) – Italy’s Prime Minister Giorgia Meloni said on Sunday that she may water down plans to make it easier to settle small payments with cash rather than cards, …

BRUSSELS (Reuters) -The EU will adapt its state aid rules to prevent an exodus of investment triggered by a new U.S. green energy subsidy package, the bloc’s chief executive said …

By Fergal Smith TORONTO (Reuters) – As the Bank of Canada considers ditching oversized interest rate hikes, it is dealing with an economy likely more overheated than previously thought but …

By David Randall NEW YORK (Reuters) -Investors are eyeing everything from the U.S. healthcare sector to UK stocks and gold as potential havens during a recession, as worries grow that …

(Reuters) – Air pollution in Bangladesh is robbing the South Asian nation of economic growth as well as causing premature death and illness, the World Bank said on Sunday. Pollution …

TOKYO (Reuters) – Even as cost-push factors boost inflation, global central banks must be vigilant to the risk of “Japanification”, in which their economies face prolonged low inflation and stagnation, …