Business News

BERLIN (Reuters) – German inflation eased further in the final month of 2022, with consumer prices rising by 9.6% year on year in December in harmonised terms, the federal statistics …

BEIJING (Reuters) -China’s housing regulator will work to keep housing supply and demand balanced, make home prices stable and strictly curb speculation, a ministry publication reported on Tuesday, after a …

JAKARTA (Reuters) – Indonesia is finalising agreements with China’s automaker BYD Group and U.S. carmaker Tesla to invest in electric vehicle (EV) production facilities in the Southeast Asian country, a …

FRANKFURT (Reuters) -The European Central Bank must raise interest rates to a level that starts to restrict growth and their peak will depend on how the economy responds to the …

(Reuters) -Taiwan’s Foxconn has appointed Michael Chiang as the new boss for its iPhone assembly business after a tumultuous year in China, Bloomberg News reported on Tuesday, citing people familiar …

By Maki Shiraki TOKYO (Reuters) – A Nissan Motor Co board committee reviewed proposals from Renault SA on Monday and endorsed pressing ahead on final terms for a reshaped alliance …

A look at the day ahead in European and global markets from Anshuman Daga While Chinese economic data didn’t come in worse than markets had feared, investors still couldn’t come …

By Yoshifumi Takemoto and Leika Kihara TOKYO (Reuters) -The Japanese government is likely to present its nominees for the next Bank of Japan (BOJ) governor and two deputy governors on …

JAKARTA (Reuters) – Indonesia’s economic growth in the fourth quarter of 2022 may have slowed to 4.81% on a yearly basis, from 5.72% in the previous three months, according to …

(Reuters) -Embattled property developer China Evergrande Group has been discussing a restructuring proposal with creditors that includes two options for extending payment deadlines on unsecured offshore debt, Bloomberg News reported …

BEIJING/HONG KONG (Reuters) – China’s COSCO SHIPPING Holdings has agreed to pay 5.5 billion yuan ($814 million) to buy a 5.8% stake in COFCO Fortune, a food processing and logistics …

SINGAPORE (Reuters) – Singapore’s non-oil domestic exports (NODX) declined 20.6% year-on-year in December 2022, led by drops in both electronics and non-electronic products. On a month-on-month seasonally adjusted basis, NODX …

(Reuters) – China’s economy slowed sharply in the fourth quarter due to stringent COVID curbs, dragging down 2022 growth to one of its worst in nearly half a century and …

SINGAPORE (Reuters) – China’s daily coal output in December fell from November’s record as the country’s rapidly expanding COVID-19 outbreak has sickened miners and slowed demand from industrial users. China …

TAIPEI (Reuters) – Taiwan’s economy likely expanded much more slowly in the fourth quarter compared to the prior quarter due to increased global economic headwinds denting demand for technology which …

(Reuters) – Embattled property developer China Evergrande said on Monday that its auditor, PricewaterhouseCoopers (PwC), had resigned amid disagreements over matters relating to the audit of its 2021 accounts. The …

BEIJING (Reuters) – China’s property investment fell 10.0% year-on-year in 2022, the first decline since records began in 1999, compared with a decline of 9.8% in the first 11 months …

BEIJING (Reuters) – China’s industrial output grew at a modest 1.3% pace last month year-on-year, official data showed on Tuesday, easing from a 2.2% rise in November, as manufacturing activity …

BEIJING (Reuters) – China’s economy hit a bump in the fourth quarter, growing by 2.9% year-on-year, National Bureau of Statistics data showed on Tuesday, beating expectations but still underlining the …

By Sujith Pai BENGALURU (Reuters) – Malaysia’s central bank will deliver its fifth consecutive quarter percentage point hike on Thursday in its effort to keep high inflation under check and …

SYDNEY (Reuters) – A measure of Australian consumer sentiment rose in January for the second straight month, as a break in a painful cycle of interest rate rises likely provided …

MELBOURNE (Reuters) -Rio Tinto on Tuesday said that China’s reopening from COVID-19 restrictions is set to raise near-term risks of labour and supply-chain shortages, while it also flagged a strong …

PARIS (Reuters) – French fashion house Dior on Monday named K-pop star Jimin a global brand ambassador, broadcasting the tie-up on social networks with images of the BTS singer in …

By Lawrence White LONDON (Reuters) – Stocks continued their new year rally on Monday as optimism over the global economy, inflation coming under control and China’s reopening offset concerns the …

By Fergal Smith TORONTO (Reuters) – Canada’s main stock index edged higher on Monday, extending its recent streak of gains, as technology shares rose and investors awaited Canadian consumer price …