US and World News

By Donny Kwok and Clare Jim HONG KONG (Reuters) -The Hong Kong Monetary Authority (HKMA) on Thursday raised its base rate charged via the overnight discount window by 75 basis …

TOKYO (Reuters) – Nissan Motor Co has temporarily stopped taking new orders of its recently unveiled light electric vehicles (EVs) because of prolonged delivery periods of a year or more, …

By Anshuman Daga SINGAPORE (Reuters) -DBS Group reported a forecast-beating 32% jump in quarterly profit to a record high as banks rake in the benefits of higher interest rates, but …

By Davide Barbuscia and David Randall (Reuters) – Investors trying to navigate this year’s relentless interest rate rises have more reasons to play it safe, after a pessimistic message from …

HONG KONG (Reuters) – HSBC Holdings said on Thursday it is raising its best lending rate in Hong Kong by 25 basis points to 5.375% effective Nov. 4 after the …

By Alexandra Valencia QUITO (Reuters) – Fighting between gangs at Ecuador’s most violent prison has killed at least two people, prisons agency SNAI said on Wednesday, on the heels of …

By Simon Jessop and Ross Kerber LONDON/NEW YORK (Reuters) – BlackRock, the world’s biggest asset manager, said on Thursday it would expand the number of clients eligible to choose how …

BEIJING (Reuters) -Chinese electric vehicle maker Nio said on Thursday it has resumed production at its two factories in the eastern city of Hefei, after COVID-19 curbs disrupted operations and …

By Dominique Patton and Ana Mano BEIJING/SAO PAULO (Reuters) -Chinese customs updated its list of approved Brazilian corn exporters on Wednesday, a move a Brazilian agriculture official said could jumpstart …

(Reuters) – Meta Platforms on Wednesday said it was adding a host of new features to Instagram, including a tool to trade digital collectibles, in a move that will help …

By David Brunnstrom and Idrees Ali WASHINGTON (Reuters) -The United States has information that indicates North Korea is covertly supplying Russia with a “significant” number of artillery shells for its …

By Steve Scherer OTTAWA (Reuters) – Canada will on Thursday propose a tax on corporate stock buybacks, a senior government source said, similar to a measure introduced by United States …

BEIJING (Reuters) – China’s services activity contracted again in October as COVID-19 containment measures hit businesses and consumption, overshadowing the economic rebound in the last quarter, a private-sector business survey …

By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – The Federal Reserve raised interest rates by three-quarters of a percentage point again on Wednesday and said its battle against inflation …

By Enrico Dela Cruz and Neil Jerome Morales (Reuters) – The Philippine central bank signalled on Thursday it planned a 75 basis point hike in its key interest rates later …

(Reuters) – Carl Icahn has a more than 8% stake in Crown Holdings Inc, the Wall Street Journal reported on Wednesday, adding that the activist investor believes the beverage-can maker …

By Brian Ellsworth and Rodrigo Viga Gaier SAO PAULO/RIO DE JANEIRO (Reuters) -Supporters of Brazilian President Jair Bolsonaro on Wednesday held rallies to call for an armed forces intervention following …

By Sheila Dang (Reuters) – Elon Musk promised advertisers he would keep Twitter from turning into a “free-for-all hellscape.”  This week, advertisers are beginning to demand details on how he …

(Reuters) – Elon Musk plans to cut about 3,700 jobs at Twitter Inc or half of the company’s workforce in a bid to cut costs, Bloomberg News reported on Wednesday, …

By Byron Kaye and Harshita Swaminathan (Reuters) -Top Australian grocer Woolworths Group Ltd said heavy rain may keep squeezing supply of farm-based staples, including potato chips, as soaring shelf prices …

By Sarah Marsh and Andreas Rinke BERLIN (Reuters) – Chancellor Olaf Scholz makes an inaugural visit to China on Friday that will be closely watched for clues on how serious …

By Devayani Sathyan BENGALURU (Reuters) – Indonesia’s economy grew at its fastest pace in over a year last quarter, buoyed by strong exports and consumption, but a slowdown in China …

MOSCOW (Reuters) – Russian Foreign Minister Sergei Lavrov told his Iranian counterpart on Wednesday that Western media had launched a campaign that could trigger escalation in the Gulf, his ministry …

By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks ended sharply lower on Wednesday, as comments from Fed Chair Jerome Powell shattered initial optimism over a Fed policy statement that …