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Category:

Financial News

  • Financial News

    Japan’s big firms likely turned less optimistic in Q1, BOJ tankan expected to show

    by Reuters March 24, 2022
    by Reuters March 24, 2022

    (In story published Friday, corrects big firms’ median capital spending forecast to +4.0% from +4.4% in paragraph 8, after a contributor corrected its forecast) TOKYO -Japan’s big manufacturers’ business mood …

  • Financial News

    Lloyd’s of London sees major claims from Ukraine war

    by Reuters March 24, 2022
    by Reuters March 24, 2022

    By Carolyn Cohn LONDON -Lloyd’s of London faces major claims this year related to Russia’s invasion of Ukraine, but this will not lead to solvency issues, the commercial insurance market …

  • Financial News

    Airbus expects demand for 2,210 planes in India over next 20 years

    by Reuters March 24, 2022
    by Reuters March 24, 2022

    By Aditi Shah and Chandini Monnappa HYDERABAD, India -Airbus expects Indian airlines to order 2,210 planes over the next 20 years, up from a previous forecast of 1,900, it said …

  • Financial News

    Veoneer says Qualcomm deal to close next week

    by Reuters March 24, 2022
    by Reuters March 24, 2022

    STOCKHOLM – Swedish automotive technology group Veoneer said on Thursday that the deal that will see it bought by Qualcomm Inc and SSW Partners would close on April 1. Chipmaker …

  • Financial News

    Marketmind: A month of war

    by Reuters March 24, 2022
    by Reuters March 24, 2022

    A look at the day ahead in markets from Sujata Rao It’s a month since Russian troops stormed into Ukraine, goading the West into an unexpectedly severe sanctions response. Now, …

  • Financial News

    Japan considering mandatory disclosure of gender wage, female manager ratio – sources

    by Reuters March 24, 2022
    by Reuters March 24, 2022

    By Kaori Kaneko and Takahiko Wada TOKYO – Japan is considering requiring companies’ annual reports to disclose average wages by gender and the ratio of female managers, said two people …

  • Financial News

    China hopes U.S. will scrap all tariffs on Chinese products: commerce ministry

    by Reuters March 24, 2022
    by Reuters March 24, 2022

    BEIJING – China hopes the United States will scrap all tariffs on its goods as soon as possible after the U.S. reinstated 352 product exclusions from China tariffs, the commerce …

  • Financial News

    BOJ policymaker warns of prolonged inflation due to Ukraine war

    by Reuters March 24, 2022
    by Reuters March 24, 2022

    By Leika Kihara TOKYO – Japan may see consumer inflation creep up and stay near the central bank’s 2% target for a prolonged period if the war in Ukraine continues …

  • Financial News

    Sri Lanka to seek World Bank support alongside IMF loan programme – sources

    by Reuters March 24, 2022
    by Reuters March 24, 2022

    By Uditha Jayasinghe and Devjyot Ghoshal COLOMBO/NEW DELHI – Sri Lanka will seek World Bank assistance to stave off a severe economic crisis in addition to an International Monetary Fund …

  • Financial News

    China faces challenges supplying Russia with alumina – analysts

    by Reuters March 24, 2022
    by Reuters March 24, 2022

    By Eileen Soreng and Praveen Menon – Russia might look to its giant neighbour to replace Australian alumina supplies cut off by sanctions, but Chinese aluminium smelters need all the …

  • Financial News

    Asia FX bears remain firm as risks from geopolitics, inflation persist – Reuters poll

    by Reuters March 24, 2022
    by Reuters March 24, 2022

    By Harshita Swaminathan – Investors stayed bearish on most emerging Asian currencies and turned short on Thailand’s baht for the first time in three months, as uncertainty from Russia’s invasion …

  • Financial News

    Asian gas buyers puzzle over Putin’s demand for payment in roubles

    by Reuters March 24, 2022
    by Reuters March 24, 2022

    By Yuka Obayashi and Heekyong Yang TOKYO – Asian importers of Russian gas were scrambling on Thursday after Russian President Vladimir Putin said “unfriendly” countries must pay for Russian gas …

  • Financial News

    Toshiba faces unclear future after shareholders knock back two rival proposals

    by Reuters March 24, 2022
    by Reuters March 24, 2022

    By Makiko Yamazaki and Rocky Swift TOKYO -Toshiba Corp shareholders on Thursday voted down competing proposals – one presented by management and the other backed by activist shareholders, leaving the …

  • Financial News

    UBS and Credit Suisse make further progress in emergency plans – regulator

    by Reuters March 24, 2022
    by Reuters March 24, 2022

    ZURICH – UBS and Credit Suisse have made further progress in how they would stabilise and restructure themselves in a financial crisis, Swiss financial watchdog FINMA said on Thursday. Big …

  • Financial News

    Mazda to halt operations at two Japan plants for 2 days due to supply disruption

    by Reuters March 24, 2022
    by Reuters March 24, 2022

    TOKYO – Japanese automaker Mazda Motor Corp said on Thursday it would suspend production at its two domestic factories for two days in April due to auto parts supply disruptions. …

  • Financial News

    ‘Have to eat half’: Sri Lankans feel pain of spiralling economic crisis

    by Reuters March 24, 2022
    by Reuters March 24, 2022

    MINUWANGODA, Sri Lanka – Thusitha Hadaragama stood at a corner store near his home in Sri Lanka’s Minuwangoda town this week and surveyed groceries to buy for his family of …

  • Financial News

    BOJ’s Kataoka says weak yen positive for economy

    by Reuters March 24, 2022
    by Reuters March 24, 2022

    TOKYO – Bank of Japan (BOJ) board member Goushi Kataoka said on Thursday a weak yen was positive for the economy, with the damage due to rising import costs likely …

  • Financial News

    The jobs – and ageing faces – behind South Korea’s record low unemployment numbers

    by Reuters March 24, 2022
    by Reuters March 24, 2022

    By Cynthia Kim SEOUL – At age 69, Kim Jung-mi holds three jobs: she spends three hours getting a two-year old home from kindergarten every weekday for $9 per hour, …

  • Financial News

    Clients plead with top custodian banks to stay in Russia

    by Reuters March 24, 2022
    by Reuters March 24, 2022

    By Sinead Cruise, Matt Scuffham and Megan Davies LONDON/NEW YORK -Global banks including Citigroup Inc, JPMorgan Chase & Co and Societe Generale face pressure to commit to remaining as custodian …

  • Financial News

    Samsung Electronics shares worth $1.1 billion sold in block deal -term sheet

    by Reuters March 24, 2022
    by Reuters March 24, 2022

    By Joyce Lee SEOUL -Samsung Electronics shares worth about $1.1 billion were sold in a block deal on Thursday, according to a document, which some analysts attributed to the Samsung …

  • Financial News

    BlackRock’s Fink says Russia-Ukraine crisis could accelerate digital currencies

    by Reuters March 23, 2022
    by Reuters March 23, 2022

    NEW YORK – BlackRock Inc’s chief executive, Larry Fink, said on Thursday that the Russia-Ukraine war could end up accelerating digital currencies as a tool to settle international transactions, as …

  • Financial News

    Third Australian state finds Crown unfit for gaming licence but offers reprieve

    by Reuters March 23, 2022
    by Reuters March 23, 2022

    By Byron Kaye SYDNEY -An inquiry has declared Australian casino operator Crown Resorts Ltd unfit for a gambling licence in Western Australia state but stopped short of revoking it, adding …

  • Financial News

    Japan unsure how Russia will execute rouble payments for energy sold to ‘unfriendly’ nations

    by Reuters March 23, 2022
    by Reuters March 23, 2022

    TOKYO -Japan does not know how Russia will handle the required rouble payments for its energy sold to “unfriendly” countries, the finance minister said on Thursday. Japan accounted for 4.1% …

  • Financial News

    Japan inflation may perk up but lacks momentum, says BOJ’s Kataoka

    by Reuters March 23, 2022
    by Reuters March 23, 2022

    TOKYO – Japan’s consumer inflation may briefly exceed 1.5% but likely will not gain momentum to sustainably head toward the central bank’s 2% target, Bank of Japan board member Goushi …

  • Financial News

    Explainer-Challenges arise as Russia calls for gas payments in roubles

    by Reuters March 23, 2022
    by Reuters March 23, 2022

    By Arathy Somasekhar HOUSTON – Russian President Vladimir Putin on Wednesday said the world’s largest natural gas producer would soon require “unfriendly” countries to pay for their fuel in Russia’s …

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