Financial News

By Sarah Wu TAIPEI (Reuters) -Taiwan’s GlobalWafers Co Ltd expects to start construction in November of its new $5 billion plant in Texas, the company’s chairwoman and CEO said on …

By Renju Jose and Lewis Jackson SYDNEY (Reuters) -Star Entertainment Group, Australia’s second biggest casino operator, has been found unfit to hold a casino licence in Sydney after an inquiry …

BERLIN (Reuters) -Germany wants to boost the state loans available to struggling energy companies by drawing on credit authorisations already created for a relief fund during the COVID-19 pandemic, the …

By Ahmad Ghaddar LONDON (Reuters) – Crude oil refining capacity has shrunk by a record 3.8 million barrels per day from March 2020 to mid-2022 as demand expanded, setting the …

By Hadeel Al Sayegh DUBAI (Reuters) – Bank of America (BofA) is moving some of its Russia-based bankers to Dubai, two sources told Reuters, following a move by several Western …

JAKARTA (Reuters) – Indonesia’s exports were seen slowing in August as prices of some of its top commodities declined, but its trade surplus was expected to hold up at around …

HELSINKI (Reuters) – Finnish forestry group Stora Enso said on Tuesday it would sell its Maxau paper production site in Germany to Schwarz Group, the owner of discount supermarket chains …

BERLIN (Reuters) – Germany’s outlook has “dramatically worsened” and the economy could stagnate or contract in the second half of the year, an economy ministry report said on Tuesday. A …

By Xie Yu HONG KONG (Reuters) – The California State Teachers’ Retirement System (CalSTRS) is looking at appointing China-focused equity managers for the first time ever, as demand for asset …

MADRID (Reuters) -Spanish consumer prices rose 10.5% year-on-year in August, slightly higher than the flash estimate released last month but down from 10.8% during the period through July, final data …

ZURICH (Reuters) -UBS Group plans to increase its dividend by 10% and expects 2022 share repurchases to exceed its $5 billion goal, the Swiss bank said, boosting payouts from its …

NEW DELHI (Reuters) -India should be able to grow at about 7% annually this decade as investment spending is expected to rise and the digital economy picks up, the chief …

By Uditha Jayasinghe (Reuters) -Financial advisory group Lazard has started talks with India, China and Japan on restructuring Sri Lanka’s debt, a spokesman for the Sri Lanka government said on …

NEW DELHI (Reuters) – India does not need to defend the rupee because its economic fundamentals are such that the currency can take care of itself, the country’s chief economic …

(Reuters) -Tonic maker Fevertree reported a fall in profit for the first half of the year despite strong demand in Europe and the U.S., as inflationary pressures and continued exposure …

A look at the day ahead in European and global markets from Tom Westbrook Traders in Asia hit pause on four days of selling dollars and buying stocks as focus …

BANGKOK (Reuters) – Thai consumer confidence rose for a third straight month in August, reaching a seven-month high and bolstered by improved economic activity following an easing of pandemic curbs, …

By Paul Lienert (Reuters) – Michigan-based startup Our Next Energy has unveiled a new anode-free battery pack designed to slash cell cost as much as 50% while delivering up to …

NEW YORK (Reuters) – Bank of America Corp expects a “big bump” in the income it earns from rising interest rates, its chief executive officer told investors at a conference …

MEXICO CITY (Reuters) -Workers at Volkswagen’s main Mexico plant voted on Monday to approve a deal for 9% wage raises, after snubbing the proposal twice last month. Volkswagen de Mexico …

By Dave Graham MEXICO CITY (Reuters) -Mexico on Monday voiced hope it could work out a major dispute with the United States over energy policy as it welcomed a top …

SYDNEY (Reuters) -Fiji Airways expects to reach nearly 100% of its pre-pandemic capacity by the end of the year, as demand for travel to its tropical Pacific home has rebounded …

TOKYO (Reuters) -Honda Motor Co plans to launch more than 10 electric motorcycle models globally in the next three years, it said on Tuesday, part of the Japanese manufacturer’s aim …

SYDNEY (Reuters) – A measure of Australian business confidence picked up for a second month in August as sales stayed surprisingly strong in the face of rising interest rates and …

By Sam Nussey TOKYO (Reuters) – Shares in Nintendo Co Ltd jumped 5% on Tuesday after the Japanese gaming company reported record domestic launch sales for its shooter “Splatoon 3” …