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  • Financial News

    Russian rainy-day fund shrinks 11.5% to $155 billion in February

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

    (Refiles Wednesday story to fix typo in National Wealth Fund abbreviation) -Russia’s National Wealth Fund (NWF), which accumulates the country’s oil revenues, fell 11.5% month-on-month to $154.8 billion in February …

  • Financial News

    Euro zone March business growth strong but outlook darkens -PMI

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

    By Jonathan Cable LONDON – Euro zone business growth was stronger than expected this month, a survey showed on Thursday, although prices rose at a record pace, likely adding to …

  • Financial News

    UBS, China Life asset management venture plan in limbo as talks stall – sources

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

    By Samuel Shen and Selena Li SHANGHAI/HONG KONG – A plan by UBS and China Life Insurance Group to set up an asset management joint venture in China faces uncertainty …

  • Financial News

    Japan arrests, charges SMBC Nikko officials for alleged market manipulation

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

    TOKYO -Japan’s SMBC Nikko Securities said on Thursday that executives had been arrested and indicted for alleged market manipulation, following charges from the country’s financial watchdog. The brokerage unit of …

  • Financial News

    New York widens lead over London in top finance centres index

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

    By Huw Jones LONDON – New York has extended its lead among the world’s top financial centres, with runner up London losing ground to increasingly competitive rivals in the United …

  • Financial News

    China says to exempt 3% VAT levied on some small firms

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

    BEIJING – China will exempt the 3% Value Added Tax (VAT) levied on some small firms, the country’s main source of jobs, the finance ministry said on Thursday, to help …

  • Financial News

    Column-What to expect when U.S. Social Security field offices reopen in April

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

    By Mark Miller – If you need help filing for Social Security, Medicare or disability benefits, I have good news and bad news. The good news: The sprawling network of …

  • Financial News

    UK private sector reports record price hikes, confidence down-PMI

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

    LONDON – Britain’s private sector has reported the steepest rise in prices charged by companies since at least 1999 and optimism is at its lowest ebb in almost a year …

  • Financial News

    Mining firm backed by Bezos and Gates to begin Greenland drilling

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

    By Jacob Gronholt-Pedersen COPENHAGEN -Mineral exploration company KoBold Metals, backed by billionaires including Jeff Bezos and Bill Gates, said on Thursday it would begin drilling in Greenland for critical materials …

  • 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 …

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