By Tom Westbrook SINGAPORE – The yen has tumbled 10% to a two-decade low to the dollar in a matter of weeks. But history suggests that still isn’t cheap, and …
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- Financial News
China to accelerate VAT credit rebates for small firms – finance ministry
by Reutersby ReutersBEIJING – China’s finance ministry and tax regulator on Wednesday said they will accelerate Value Added Tax (VAT) credit rebates for small firms. Medium-sized manufacturing firms are allowed to claim …
- Financial News
Multiple inflation pressures complicate Bank of Canada’s soft landing goal
by Reutersby ReutersBy Fergal Smith TORONTO – As the Bank of Canada opens the door to hiking interest rates above a neutral setting for the first time in 14 years, the goal …
- Financial News
China exports to North Korea surge with edible oil, wheat flour in demand as trade resumes
by Reutersby ReutersBEIJING – China’s exports to North Korea surged in January-March with sales of edible oil, wheat flour and pharmaceutical compounds to its reclusive neighbour sky-rocketing after a COVID-induced pause, Chinese …
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By Juliette Portala (Reuters) -Dutch oil and chemical storage company Vopak beat first-quarter earnings expectations on Wednesday helped by growth projects and a good performance in the Americas which offset …
- Financial News
KKR-led group offers record $14.8 billion bid for Australia’s Ramsay Health
by Reutersby ReutersBy Scott Murdoch, Harish Sridharan and Anshuman Daga (Reuters) -A group led by KKR & Co made an unsolicited near-$15 billion bid for Ramsay Health Care Ltd on Wednesday, underlining …
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By Philip Blenkinsop BRUSSELS -Dutch brewer Heineken stuck to its 2022 profit margin forecast on Wednesday after a sharp jump in first-quarter beer sales and prices cheered investors despite added …
- Financial News
Euro zone trade deficit extends to Feb as energy import burden rises
by Reutersby ReutersBRUSSELS – The euro zone suffered a trade deficit for a fourth consecutive month in February as surging energy prices led to a sharp increase in the value of energy …
- Financial News
Euro zone Feb production rebounds as expected on consumer goods
by Reutersby ReutersBRUSSELS – Euro zone industrial production rebounded as expected in February from a January slump thanks to stronger output of consumer goods, which offset declines in the output of energy …
- Financial News
China on track for 2022 GDP target despite COVID shock – govt economists
by Reutersby ReutersBOAO, China – China remains on track to reach its 2022 growth target of around 5.5% as it has ample stimulus space, government economists said on Wednesday, despite a resurgence …
- Financial News
For China investors, COVID lockdowns are the clear and present danger
by Reutersby ReutersBy Xie Yu and Samuel Shen HONG KONG/SHANGHAI – Prolonged lockdowns in Shanghai, as China doubles down on its zero-COVID policy, have become the predominant risk to its economy and …
- Financial News
Netflix rocked by subscriber loss, may offer cheaper ad-supported plans
by Reutersby ReutersBy Dawn Chmielewski and Tiyashi Datta (Reuters) – Netflix Inc said inflation, the war in Ukraine and fierce competition contributed to a loss of subscribers for the first time in …
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By Michael Shields and Oliver Hirt ZURICH – Credit Suisse Group expects to report a first-quarter loss after increasing legal provisions, seeing business activity slow and taking a hit from …
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BERLIN -German producer prices rose 30.9% on the year in March, reflecting the effects of the war in Ukraine for the first time, data from the Federal Statistics Office showed …
- California NewsPolice Blotter
SFPD Chief Bill Scott announces the arrest of two police officers and one former police officer
by Your Newsby Your NewsInternal Affairs Division of the San Francisco Police Department conducted investigations into two separate incidents that led to today’s arrests SAN FRANCISCO (April 19, 2022) — The San Francisco Police …
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A look at the day ahead in markets from Julien Ponthus. Many recent trends seem to be accelerating across financial markets this morning with notably the dollar climbing to a …
- Financial News
Analysis-Inflation prospects to influence BOJ’s dovish guidance more than yen
by Reutersby ReutersBy Leika Kihara and Takahiko Wada TOKYO – More entrenched inflation expectations, rather than a weak yen, will likely have greater sway over any future tweak in the Bank of …
- Financial News
European car sales dip for ninth consecutive month in March -ACEA
by Reutersby ReutersBERLIN – New car registrations in Europe dropped for the ninth month in a row in March as supply chain problems hampered even further by the war in Ukraine continued …
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By Toby Sterling AMSTERDAM -ASML Holding NV, a key supplier to computer chip makers, reported on Wednesday first-quarter sales of 3.5 billion euros ($3.8 billion) and net income of 695 …
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TAIPEI -Taiwan firms making chip and electronic components reported a mixed picture on Wednesday on work resumption in the eastern Chinese city of Kunshan after COVID-19 curbs, with some warning …
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TOKYO – Japan raised its gasoline subsidy for oil distributors to the maximum figure of 25 yen ($0.1944) a litre for the seven days from April 21, up from 20.3 …
- Financial News
Analysis-Wealth shock: property bust in small Chinese cities rattles households
by Reutersby ReutersBy Liangping Gao and Ryan Woo BEIJING – Home owners in small Chinese cities are battling a rare property market downdraft as buyers keep away, eroding the wealth of millions …
- Financial News
China’s March alumina exports to Russia soar as sanctions over Ukraine bite
by Reutersby ReutersBEIJING – China’s alumina exports to Russia surged over 90 times in March from the same period a year earlier, customs data showed on Wednesday, as sanctions against Russia for …
- Financial News
China imports 13% less crude oil from Saudi in March, 14% less from Russia -customs
by Reutersby ReutersBy Chen Aizhu and Muyu Xu (Reuters) – Saudi Arabia exported nearly 13% less oil to China in March than a year earlier but retained its top supplier spot, while …
- Financial News
Analysis-Positive real yields may spell more trouble for U.S. stocks
by Reutersby ReutersBy Lewis Krauskopf NEW YORK – A hawkish turn by the Federal Reserve is eroding a key support for U.S. stocks, as real yields climb into positive territory for the …