Financial News

ISTANBUL – The capital of Turkey’s Ziraat Bank will be raised to 34.9 billion lira ($2.57 billion) according to footnotes of the bank’s annual financial report, with the amount to …

By David Lawder and Dave Graham WASHINGTON/MEXICO CITY -U.S. imports of new Mexican avocado harvests will stay suspended for “as long as necessary” to ensure the safety of U.S. inspectors …

By Gayatri Suroyo and Fransiska Nangoy JAKARTA – Top Indonesian economic officials on Wednesday backed the expanded use of local currencies in trade and investment, instead of the U.S. dollar, …

By Chen Lin and Jamie Freed SINGAPORE – The global aircraft maintenance, repair and overhaul (MRO) sector faces fresh challenges from rising labour costs and a weak recovery in the …

BEIJING -China’s factory-gate inflation eased to its slowest pace in six months and consumer price growth also softened in January amid weakening property sector demand, new coronavirus curbs and government …

By Gayatri Suroyo and Fransiska Nangoy JAKARTA – Top Indonesian economic officials on Wednesday backed the expanded use of local currencies in trade and investment, instead of the U.S. dollar, …

By Chen Lin and Jamie Freed SINGAPORE – Brazilian planemaker Embraer expects to decide late this year or early next year on whether to launch a new turboprop plane that …

HANOI – Vietnam’s apparel exports are expected to jump 7.4% this year to $43.5 billion as factories keep up production despite surging coronavirus infections, the country’s textile and garment association …

BEIJING -China will work with Asian countries to beef up use of local currencies in trade and investment, Yi Gang, the governor of the central bank, said on Wednesday, as …

HONG KONG – A Chinese court has ordered the freezing of 640.4 million yuan ($101 million) in assets held by a subsidiary of China Evergrande Group, according to a filing …

By Leika Kihara TOKYO -Japan must respond to any damage inflicted on the economy by recent rising prices, Finance Minister Shunichi Suzuki said on Wednesday, a sign that the hit …

JAKARTA – Emerging markets will be able to weather global monetary tightening, including U.S. rate hikes, “much better” this year compared with previous periods of tightening, Indonesia’s central bank Governor …

SINGAPORE – Airbus SE said on Wednesday it has finalised a deal to sell seven A350 freighters to Singapore Airlines <SIAL.SI>, in a deal that would make it the first …

SHANGHAI – Increasingly divergent monetary policies between China and the United States would help rein in an excessive rise in the yuan by reducing foreign money inflows, a former Chinese …

TOKYO – The Bank of Japan could temporarily suffer losses on its huge asset holdings if it were to end its ultra-loose monetary policy, governor Haruhiko Kuroda said on Wednesday. …

(Corrects day of the week in first paragraph) TOKYO – Japanese consumers’ one-year forward expected inflation rate rose to 2.43% in February, a Consumer Affairs Agency survey showed on Wednesday, …

(Refiles to add media packaging code) -Australia’s Liontown Resources said on Wednesday it signed a five-year agreement with Tesla to supply lithium spodumene concentrate to the electric carmaker, sending the …

By Chris Prentice WASHINGTON – The U.S. Securities and Exchange Commission (SEC) is probing whether financial executives may have broken the rules by tipping off hedge funds ahead of large …

By David Morgan, Pete Schroeder and Lindsay Dunsmuir -U.S. Senate action on President Joe Biden’s five nominees to the Federal Reserve stalled Tuesday after Republicans boycotted a key vote over …

– Carrefour Brasil reported on Tuesday that fourth-quarter net income fell from a year earlier but beat estimates, helped by sales increases. The local unit of French retailer Carrefour SA …

By David Shepardson and Eric M. Johnson WASHINGTON -The U.S. Federal Aviation Administration (FAA) on Tuesday said it would perform final inspections on new Boeing 787 Dreamliner aircraft, and will …

By Abhijith Ganapavaram and Kannaki Deka -Airbnb Inc forecast on Tuesday a better-than-expected first-quarter revenue after the short-term home rental company reported strong quarterly results on rising domestic travel and …

– Australia’s Fortescue Metals, the world’s fourth-largest iron ore miner, on Wednesday said first-half profit tumbled a third on higher material and labour costs and lowered its interim dividend, sending …

By Stephen Culp NEW YORK – Wall Street ended sharply higher on Tuesday, as signs of de-escalating tensions along the Russia-Ukraine border sparked a risk-on session. All three major indexes …

By Prerana Bhat BENGALURU – The U.S. Federal Reserve will kick off its tightening cycle in March with a 25-basis-point interest rate rise, a Reuters poll of economists found, but …