HONG KONG – Hong Kong’s economy is expected to grow 2.0% to 3.5% this year after expanding 6.4% in 2021, as social restrictions to tackle a growing COVID-19 outbreak are …
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- Financial News
Market over-reacted to proposed lowering of fees for Chinese food delivery platforms – state media
by Reutersby ReutersBEIJING -China’s state-run Economic Daily newspaper said on Wednesday the market had over-reacted to the government’s guidance that food delivery platforms should lower service fees. The policy was not intended …
- Financial News
Small businesses still struggling financially, Fed survey finds
by Reutersby ReutersBy Jonnelle Marte – Small businesses continue to struggle financially and many are facing greater challenges with managing supply chain challenges and hiring enough workers, according to a survey released …
- Financial News
Nord Stream 2 pipeline not moving forward ‘at this point in time,’ White House says
by Reutersby ReutersWASHINGTON – The White House said on Tuesday the development of Nord Stream 2 is “not moving forward at this point in time” after steps by Germany to halt the …
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By Aftab Ahmed and Swati Bhat NEW DELHI/MUMBAI -The Indian government may hold more debt auctions after its last scheduled tender for the fiscal year on Friday, two people familiar …
- Financial News
U.S. market fallout from Russia-Ukraine strife may be brief, some strategists say
by Reutersby ReutersBy Davide Barbuscia and Devik Jain -As the S&P 500 hovers near correction territory, Wall Street is gauging the further effect of the conflict between Russia and Ukraine on asset …
- Financial News
Lucid Group to recall over 200 cars due to possible safety issue
by Reutersby Reuters– Electric-vehicle maker Lucid Group said on Tuesday it would recall more than 200 of its premium sedans due to a possible safety issue, sending its shares down nearly 5%. …
- Financial News
Fundraising by Chinese private funds dives, slowing economy takes toll
by Reutersby ReutersSHANGHAI – Money raised by newly-launched private funds in China plunged 44% in January from a month earlier, latest official data showed, adding to evidence of rapidly-shrinking risk appetite amid …
- Financial News
COVID costs hit profit for Australia’s Woolworths as sales soar
by Reutersby ReutersBy Byron Kaye and Harish Sridharan SYDNEY -Woolworths Group Ltd reported a slump in first half profit on Wednesday as COVID-19 lockdowns and mandatory staff isolation blew out costs, but …
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By Wayne Cole SYDNEY -Australian wages picked up last quarter as a rapidly tightening labour market drove intense competition for workers, but annual growth was still short of levels that …
- Financial News
Shareholders approve Brazil’s Eletrobras privatization – report
by Reutersby ReutersSAO PAULO – Shareholders of Brazilian state-run power company Eletrobras approved on Tuesday the terms for the privatization of the company, according to a Valor Economico report citing sources. According …
- Financial News
Baby formula makers still breaking global marketing rules – report
by Reutersby ReutersBy Jennifer Rigby LONDON – Almost all parents and pregnant women in China, Vietnam and the UK are exposed to “aggressive” formula milk marketing campaigns that breach global rules set …
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MEXICO CITY -Mexican breadmaker Grupo Bimbo reported a 66.9% increase in fourth quarter net profit on Tuesday, driven by strong sales, lower financing costs and an effective income tax rate. …
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By Carolina Mandl and Noor Zainab Hussain – Shares in Nubank rose nearly 8% in after-hours trading on Tuesday as investors welcomed a narrower fourth-quarter loss at Latin America’s most …
- Department of Justice Press Releases
Former Lake Oswego Resident Sentenced to Federal Prison for Covid-Relief Fraud
by DOJ Pressby DOJ PressPORTLAND, Ore.—After fleeing federal prosecution and being re-arrested, a former Lake Oswego, Oregon, man was sentenced to federal prison today for stealing funds intended to help small businesses during the …
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‘Rest in power:’ Arbery’s killers guilty on all federal hate-crimes charges
by Reutersby ReutersBy Rich McKay BRUNSWICK, Ga. -The three white men convicted of chasing down and murdering a young Black man, Ahmaud Arbery, as he was out jogging in their suburban Georgia …
- Financial News
MSCI details possible changes to Russian indexes in event of new sanctions
by Reutersby Reuters– MSCI said it had not taken any action on Russia following a volley of sanctions by Western governments, but signalled it would consider taking steps such as freezing Russian …
- Financial News
S&P 500 confirms correction; Ukraine-Russia crisis keeps investors on edge
by Reutersby ReutersBy Caroline Valetkevitch NEW YORK – Wall Street’s main indexes fell on Tuesday, with the S&P 500 confirming a correction, as the Ukraine-Russia crisis kept investors on edge after Russian …
- Financial News
Biden voices support for new U.S. mines, if they don’t repeat past sins
by Reutersby ReutersBy Ernest Scheyder and Steve Holland WASHINGTON – U.S. President Joe Biden on Tuesday touted progress by government and private industry to boost American production of minerals used to make …
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Oil settles near 2014 high on Russia-Ukraine escalation
by Reutersby ReutersBy Laura Sanicola -Oil rose to nearly $100 a barrel on Tuesday, reaching its highest level since 2014 after Moscow ordered troops into two breakaway regions in eastern Ukraine. Benchmark …
- Financial News
Brazil sees private infrastructure capex nearly doubling in 2022
by Reutersby ReutersBRASILIA – Brazil’s government sees private investments of 78 billion reais ($15 billion) in infrastructure this year, up 95% from 2021, the economy ministry forecast, supporting its expectations that economic …
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-Exxon Mobil Corp and its partners signed a deal with the Papua New Guinea (PNG) government, the U.S. energy giant said on Tuesday, paving the way for the development of …
- Financial News
CNH sees revenues rising to 2024 as new plan focuses on precision agriculture
by Reutersby ReutersMILAN -Italian-American vehicle maker CNH Industrial on Tuesday estimated total revenue growth of up to 24% through 2024 as it presented a new business plan after spinning off its truck, …
- Financial News
Brazil’s BRF turns quarterly and yearly profit despite domestic headwinds
by Reutersby ReutersBy Ana Mano SAO PAULO -Brazilian food processor BRF SA turned a profit in the final quarter of 2021, traditionally a good period for food sales due to the holiday …
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By Chuck Mikolajczak NEW YORK – The S&P 500’s 1% slump on Tuesday confirmed that the world’s most watched stock index was in a correction for the first time since …