– Cineworld has reached an agreement to delay final payments to disgruntled former shareholders of its U.S. division Regal, the theatre chain said on Friday, as the debt-laden British company …
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A look at the day ahead in markets from Saikat Chatterjee Markets breathed a sigh of relief after the U.S. Secretary of State Antony Blinken agreed to a meeting with …
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Financial News
China issues new measures to spur COVID recovery for services sector
by Reutersby ReutersBEIJING -China’s state planner on Friday issued rules to promote a faster recovery from the COVID-19 pandemic in the services sector, including providing tax incentives to the catering, retail, tourism …
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By Leigh Thomas PARIS -France’s unemployment rate fell in the final quarter of last year to the lowest level since 2008, data showed on Friday, boosting Emmanuel Macron’s economic credentials …
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Indonesia sees first annual current account surplus in a decade
by Reutersby ReutersBy Gayatri Suroyo JAKARTA – Indonesia booked a current account surplus for the first time in a decade in 2021, data showed on Friday, but its balance of payments came …
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Australian state sets minimum pay for Amazon contractors in landmark step
by Reutersby ReutersBy Byron Kaye SYDNEY -Australia’s New South Wales state ordered employers of freelance delivery drivers such as Amazon.com Inc to pay a minimum rate, a decision hailed by a union …
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OSLO -Norwegian Air reported on Friday a full-year profit for 2021 in a turnaround from losses suffered the previous year, and said booking trends point to busier travel ahead for …
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– South African insurer Discovery forecast on Friday a higher half-yearly profit, supported by new clients at its health insurance business and adequate provisions to cushion the impact of coronavirus-related …
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Financial News
Japan’s inflation may exceed 1% but stay below BOJ goal, says central bank official
by Reutersby ReutersTOKYO – Japan’s consumer inflation may exceed 1% but will remain distant from the central bank’s 2% target, a senior Bank of Japan official said on Friday. “Japan’s economy has …
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Financial News
Chinese cities ease home purchase down-payments to reignite demand
by Reutersby ReutersBEIJING -A handful of Chinese cities are starting to relax down-payment rules for home purchases in a bid to re-ignite buyer interest and put a floor under local economies weakened …
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Financial News
Tesla changes S.Korea ads after antitrust probe faulted batteries
by Reutersby ReutersSEOUL – Tesla Inc changed an advertisement about the driving range for its Model 3 in South Korea after an antitrust regulator found that the automaker exaggerated the specifications of …
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KUALA LUMPUR – Malaysia’s Sime Darby Plantation Berhad reported a higher fourth-quarter net profit on Friday, fuelled by rising prices of palm oil, and said it expected production to pick …
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Financial News
South Africa’s Massmart flags wider annual loss of $106 million
by Reutersby ReutersJOHANNESBURG -South African retailer Massmart Holdings flagged on Friday a wider annual loss of up to 1.6 billion rand ($106 million), hurt by store damage and lower trading income due …
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Exclusive-Trump app opens to hundreds of testers ahead of expected launch
by Reutersby ReutersBy Helen Coster – Details about former U.S. President Donald Trump’s new social media app are trickling out as about 500 beta testers have begun using an early version of …
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JOHANNESBURG – Africa’s largest mobile operator by subscriber numbers, MTN said on Friday its profits for the year to Dec. 31 would probably rise by up to 35%, without giving …
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Financial News
Construction chemicals maker Sika posts highest-ever annual profit
by Reutersby Reuters-Sika posted a 27.1% jump in full-year net profit on Friday and proposed a 16% higher dividend, as the Swiss construction chemicals maker benefited from an upturn in building projects …
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Intel sees no big profit margin gains before 2025, would mull consortium for Arm
by Reutersby ReutersBy Jane Lanhee Lee SAN FRANCISCO -Intel Corp expects its profit margin to drop this year and then be steady for several years as it invests in new technologies and …
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Taiwan January export orders seen rising for 23rd straight month – Reuters poll
by Reutersby ReutersTAIPEI – Taiwan’s export orders likely rose in January for the 23rd straight month, a Reuters poll showed on Friday, supported by sustained global demand for semiconductors and tech products. …
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Financial News
Tokyo’s core consumer inflation seen picking up in February – Reuters poll
by Reutersby ReutersTOKYO – Core consumer prices in Tokyo likely rose in February at a faster rate than in the previous month on surging fuel costs, underlining the prospect of price pressures …
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Thailand’s tourism-reliant economy likely returned to growth in Q4- Reuters poll
by Reutersby ReutersBy Vivek Mishra BENGALURU – Thailand’s economy likely returned to growth in the fourth quarter thanks to robust exports and easing of COVID-19 curbs, but the suspension of a quarantine …
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China’s ‘dynamic’ zero-COVID strategy will boost economy – watchdog
by Reutersby ReutersSHANGHAI – China’s “dynamic clearance” strategy aimed at minimising COVID-19 infections is boosting the economy, not undermining it, the country’s top anti-corruption body said on Friday in response to concerns …
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Next U.S. aviation safety chief will face Boeing, reform challenges
by Reutersby ReutersBy David Shepardson WASHINGTON – The next head of the U.S. Federal Aviation Administration (FAA) will face challenges overseeing Boeing Co and a series of reforms mandated by Congress in …
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By Daniel Leussink TOKYO – Japan’s core consumer prices rose for a fifth straight month in January but at a slower pace than in the previous month, boosting the likelihood …
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Genocide Games: How China’s Human Rights Abuses Went From Unthinkable To Undeniable
Philip Lenczycki on February 17, 2022 Eight countries and hundreds of human rights organizations have condemned China for committing human rights violations against minorities. Yet NBC’s coverage of the 2022 …
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Financial News
Europe and Mideast crude premiums soar, with few options for buyers
by Reutersby ReutersBy Florence Tan SINGAPORE -Spot premiums for crude oil produced in Europe and the Middle East have rocketed to record highs this month, tracking a rally in global prices as …