By Sinéad Carew NEW YORK (Reuters) – Stocks pared losses and the U.S. dollar and oil futures pared gains as U.S. President Joe Biden vowed steep sanctions against Russia for its Ukraine invasion and said the United States is working with oil producers to secure global energy supplies. Biden said that U.S. forces will not …
(Reuters) – Russia invaded Ukraine by land, air and sea on Thursday, confirming the West’s worst fears with the biggest attack by one state against another in Europe since World War Two. Stock markets around the world slumped. The S&P 500 was off 1.2%, and the Nasdaq was off 0.35%. Investors shifted money into safe …
Stocks down after Russian forces invade Ukraine, safe-havens shine Read More »
By Yuka Obayashi and Ritsuko Shimizu TOKYO (Reuters) – Japan’s biggest steelmaker Nippon Steel Corp will be able to secure alternatives for a raw material that it buys from Russia and Ukraine in the event of any supply disruptions amid tensions in Eastern Europe, a company senior executive said. Russia launched an all-out invasion of …
Nippon Steel says can find alternatives for raw material it buys from Ukraine, Russia Read More »
By Josh Horwitz and Nivedita Balu (Reuters) -Chinese e-commerce giant Alibaba Group Holding Ltd reported on Thursday its slowest quarterly revenue growth since going public in 2014, hit by a drop in sales at its core business segment and intensifying competition. The slowing Chinese economy has also taken a toll on the company as consumers …
Alibaba reports slowest revenue growth since going public as competition bites Read More »
By Tom Wilson LONDON (Reuters) -Bitcoin slumped to its lowest in a month on Thursday after Russian forces fired missiles at several cities in Ukraine and landed troops on its coast, sparking a sell-off of riskier assets. Bitcoin fell by as much as 7.9% to $34,324, its lowest since Jan. 24, and was last trading …
Cryptocurrencies fall after Russia invades Ukraine Read More »
TAIPEI (Reuters) – Taiwan’s economy is likely to grow at a faster pace this year that initially forecast, the statistics office said on Thursday, upgrading its outlook on an expected strong performance in exports bolstered by chip demand. The revision came as the statistics office raised its export growth forecast for this year, with global …
Taiwan revises up 2022 GDP forecast on strong export outlook Read More »
HONG KONG, Feb 24 (Reuters) – Hong Kong released January export data on Thursday: * January exports rises 18.4 pct y/y Hong Kong trade: Percent change on a year earlier: All exports Imports 2022 Jan +18.4 +9.6 2021 Dec +24.8 +19.3 Nov +25.0 +20.0 Oct +21.4 +17.7 Sep +16.5 +23.5 Aug +25.9 +28.1 Jul +26.9 …
By Fanny Potkin and Aditya Kalra SINGAPORE/NEW DELHI (Reuters) – Singapore has raised concerns with India about its ban of popular gaming app “Free Fire”, owned by technology group Sea Ltd, in the first sign of diplomatic intervention after the move spooked investors, four sources told Reuters. After the ban, the market value of the …
Exclusive-Singapore flags concern to India over ban on Sea’s game -sources Read More »
By David Gaffen (Reuters) – In July 2020, just a few months after the COVID-19 pandemic started to spiral out of control, Shell CEO Ben van Beurden declared world oil demand may have passed its peak – all but condemning his company’s core business to eventual obscurity. “Demand will take a long time to recover …
Analysis-Oil’s journey from worthless in the pandemic to $100 a barrel Read More »
By Tim Kelly and Ben Blanchard TOKYO/TAIPEI (Reuters) – Large chip companies so far predict limited supply chain disruption from the Russia-Ukraine crisis, thanks to raw material stockpiling and diversified procurement, but some industry sources worry about the longer-term impact. One of the worst security crises in Europe in decades is unfolding, with Russian President …
Limited impact on chips yet as Russia invades Ukraine, future uncertain Read More »
