By Clara Denina, Melanie Burton and Ernest Scheyder LONDON (Reuters) -Rio Tinto is exploring a potential asset-for-equity swap with Chinalco that would trim the Chinese investor’s 11% stake, freeing up Rio to resume buybacks and pursue new strategic deals, three people familiar with the matter told Reuters. State-owned mining giant Aluminium Corporation of China Limited …
By Yantoultra Ngui SINGAPORE (Reuters) -DBS Group Research on Wednesday said it expects Singapore’s gross domestic product to double by 2040, with the state’s benchmark Straits Times Index nearing 10,000 and the Singapore dollar reaching parity with the U.S. dollar. In a report, the research arm of Singapore’s largest bank, DBS, said annual real GDP …
DBS expects Singapore GDP to double by 2040, Singapore dollar parity with greenback Read More »
By Kenneth Li (Reuters) -Samsung Electronics released its Galaxy XR extended reality headset on Tuesday, counting on AI features from Google to propel it into the nascent and uncertain market of computing-on-your-face that is dominated by Meta and Apple. The headset, resembling those made by others such as Meta, will cost $1,799, or about half …
Samsung’s Galaxy XR headset to take on Apple with help from Google and Qualcomm Read More »
BANGKOK (Reuters) -The Bank of Thailand will keep monetary policy accommodative to support an economic recovery and remains ready to adjust policy settings as needed, the minutes of the central bank’s October 8 policy meeting showed on Wednesday. At the meeting, the monetary policy committee unexpectedly voted 5-2 to leave the one-day repurchase rate unchanged …
Thailand monetary policy should remain accommodative, central bank minutes show Read More »
SEOUL (Reuters) -Senior South Korean officials will visit Washington on Wednesday for urgent discussions aimed at finalising a tariff deal that has been on hold over details tied to a $350 billion investment, ahead of an Asia-Pacific summit later this month. Presidential Policy Secretary Kim Yong-beom and Industry Minister Kim Jung-kwan, who met U.S. Commerce …
South Korean negotiators visit US to resolve sticking points in trade talks Read More »
By Makiko Yamazaki TOKYO (Reuters) -Japan’s exports rose for the first time in five months in September due to a boost from a weak yen, although U.S. shipments continued to fall despite lower U.S. tariffs on Japanese autos that took effect in the month. The uptick in exports adds to a string of recent data, …
Japan’s exports snap four-month slump as weak yen offsets US tariff hit Read More »
SEOUL (Reuters) -South Korean Minister for Trade Yeo Han-koo asked for a swift removal of sanctions against South Korean shipbuilder Hanwha Ocean’s U.S. subsidiaries in a phone call with Chinese counterpart Li Chenggang on Wednesday, his office said. Yeo and Li also discussed recent export curbs on rare earths imposed by Beijing, the South Korean …
South Korea trade envoy seeks removal of China curbs on Hanwha Ocean’s US units Read More »
By Rahul Trivedi BENGALURU (Reuters) -Bank Indonesia (BI) will cut its key interest rate at its fourth consecutive meeting on Wednesday, taking it to 4.50%, as policymakers put greater weight on supporting economic growth despite continued weakness in the rupiah, a Reuters poll of economists showed. Last month, the central bank surprised markets with a …
Bank Indonesia set to cut rates again as growth trumps rupiah concerns Read More »
SEOUL (Reuters) -South Korea has decided to extend subsidy measures for oil products by two more months until the end of December, but with lower rates of tax cuts, the finance ministry said on Wednesday. From November, the rate of tax cuts for gasoline will be adjusted to 7% from 10% and those for diesel …
South Korea to implement smaller fuel tax cuts from November Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -U.S. stocks were mixed on Tuesday, with the global momentum that had lifted Japanese and several other indices to new highs fizzling out, as investors digested a sharp fall in gold prices and the U.S. government shutdown entering its third week. More on that below. In my column today, …
Trading Day: Stocks’ momentum fades, gold plunges Read More »
