Financial News

TAIPEI – The war in Ukraine and Russia’s effective exclusion from the global currency system could be an opportunity for China to raise the profile of its currency in a …

By Kantaro Komiya TOKYO – Japan will revise its foreign exchange law to prevent Russia from evading Western financial sanctions following Moscow’s invasion of Ukraine through cryptocurrency assets, top government …

By Dawn Chmielewski (Reuters – Apple TV+ made history on Sunday as the first streaming service to win a best picture Oscar for “CODA,” a heartwarming drama about the daughter …

By Wayne Cole SYDNEY – Australia’s centre-right government is set to unpack a budget larded with cash give-aways, petrol tax cuts and infrastructure spending as it seeks to claw back …

SHANGHAI -Chinese regulators and their U.S. counterparts are working hard to solve an audit dispute affecting U.S.-listed Chinese firms and want to achieve effective and sustainable cooperation as soon as …

HONG KONG – China Evergrande New Energy Vehicle Group said it will start accepting orders for its inaugural electric car, the Hengchi 5 sport utility vehicle, “imminently” and open sales …

NEW DELHI – India’s two largest multiplex firms said on Sunday they would merge to create a giant cinema operator with more than 1,500 screens across 109 cities as the …

By Md Manzer Hussain BENGALURU – Thailand’s central bank will not raise interest rates from a record low for more than a year in a bid to support an economy …

By Indranil Sarkar (Reuters) -Australia’s Star Entertainment Group said on Monday its chief executive officer Matt Bekier had tendered his resignation, amid an investigation over possible breaches of anti-money laundering …

By Muyu Xu and Chen Aizhu BEIJING -China Petroleum & Chemical Corp, better known as Sinopec, is planning its highest capital investment in history for 2022 after recording its best …

BEIJING -Profit growth at China’s industrial firms accelerated in January-February in line with other signs of momentum in the economy, although the outlook clouded by COVID-19 outbreaks and the war …

By David Shepardson WASHINGTON -The U.S. National Highway Traffic Safety Administration (NHTSA) on Sunday reinstated a sharp increase in penalties for automakers whose vehicles do not meet fuel efficiency requirements …

By James Davey LONDON – Sainsbury’s shareholders are set to vote on a resolution at this year’s annual meeting calling for Britain’s second biggest supermarket group to commit to paying …

LONDON – British pensions provider Scottish Widows will no longer invest in tobacco stocks and will cut back further on coal investments as it expands its responsible investment strategy, it …

(Reuters) – Bitcoin surged 4.41% to $46,499.29 at 22:07 GMT on Sunday, adding $1,963.64 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 41.1% from the …

By David Gaffen (Reuters) – The crude oil market heads into another week of uncertainty, buffeted on one side by the ongoing war between Russia and Ukraine and the expansion …

MEXICO CITY – General Motors Co workers in northern Mexico have voted by a broad margin to keep their collective contract with one of Mexico’s biggest unions, weeks after GM …

(Reuters) – Tesla Inc is planning to suspend production at its Shanghai factory for at least one day, Bloomberg News reported on Sunday, as China’s financial hub said it would …

(Reuters) – The chief executive of Daimler Truck said electric truck costs would “forever be higher” than those using combustion engines, the Financial Times reported on Sunday, as Russia’s invasion …

PARIS – Privately-owned French retailer Auchan plans to maintain its presence in Russia, its CEO said in an interview published in the French newspaper Journal du Dimanche on Sunday, prompting …

(Reuters) – Around 48,000 grocery workers voted to strike if needed when seeking higher wages from stores owned by Kroger Co and Albertsons Companies Inc in Southern California, the UFCW …

ZURICH – Some shareholders in Credit Suisse do not want the bank to hold a vote in the annual meeting on absolving senior executives from losses racked up in the …

LONDON – The British government could provide another multi-billion pound package to help shield households from a further jump in energy bills later this year after its latest budget was …

(Reuters) – Russian state-owned energy giant Gazprom said on Sunday that it was continuing to supply natural gas to Europe via Ukraine in line with requests from European consumers, the …

(Reuters) -Australian Treasurer Josh Frydenberg on Sunday indicated the federal government would likely act to lower petrol prices in the upcoming federal budget, weeks out from a general election. The …