By Nicole Jao NEW YORK (Reuters) -Oil prices fell more than 1% on Thursday after U.S. President Donald Trump said he and Russian President Vladimir Putin agreed to meet in Hungary soon to discuss ending the war in Ukraine, casting uncertainty over global energy supplies. Brent crude futures settled 85 cents, or 1.37%, lower at …
Oil drops 1%, settles at 5-month lows as Trump-Putin summit looms Read More »
By Leika Kihara WASHINGTON (Reuters) -The Bank of Japan must be careful when normalizing monetary policy due to uncertainty about how the economy would react to a new environment of positive interest rates, Seiichi Shimizu, the central bank’s assistant governor, said on Thursday. While many advanced economies have long-term inflation expectations anchored at their central …
Bank of Japan must tread carefully in normalizing policy, central bank official says Read More »
WASHINGTON (Reuters) -The Group of 20 (G20) Finance Ministers and Central Bank Governors concluded their fourth meeting under the South African Presidency in Washington, issuing a Chair Summary instead of a formal communique. The summary has become a feature of multilateral meetings in which participants do not reach a formal consensus. It underscored the resilience …
G20 issues Chair Summary highlighting global economic resilience amid risks Read More »
By Chibuike Oguh and Stefano Rebaudo NEW YORK (Reuters) -The U.S. dollar was on track for a third consecutive session of losses against major currencies including the euro, yen and Swiss franc on Thursday, amid U.S.-China tensions and as markets assess remarks from Federal Reserve officials. China accused the U.S. of stoking panic over its rare …
Dollar falls against yen and euro with trade dispute, rate outlook in focus Read More »
By Andrea Shalal and David Lawder WASHINGTON (Reuters) -International Monetary Fund chief Kristalina Georgieva on Thursday urged member countries to keep trade as an engine of growth for the world economy despite President Donald Trump’s steep new tariffs, warning that a larger-scale trade war could have negative consequences. Georgieva, speaking to reporters at the annual …
IMF’s Georgieva urges countries to keep trade as engine of growth Read More »
SINGAPORE (Reuters) -NIO stock closed down nearly 9% on Thursday, as investors fretted over the Chinese electric vehicle maker’s outlook amid a U.S. securities lawsuit by Singapore sovereign wealth fund GIC. The stock closed at a one-month low of HK$49.28 ($6.34) and was the biggest percentage loser on Hong Kong’s Hang Seng Tech Index and …
NIO shares plummet as Chinese EV maker faces lawsuit from Singapore’s GIC Read More »
(Corrects pronoun of expert in paragraph 4 to she from he) By Savyata Mishra (Reuters) -U.S. President Donald Trump’s threat of additional 100% tariffs on Chinese imports has sounded alarm bells among retail and trade experts, who caution it could lead to more price increases and squeeze demand. The fresh levies, set to take effect …
US retailers brace for impact as Trump’s 100% China tariffs loom (Oct 13) Read More »
BEIJING (Reuters) -China’s commerce minister, Wang Wentao, said “intensive U.S. restrictive measures” rolled out after talks in Madrid in September seriously harmed China’s interests and undermined the atmosphere for bilateral trade consultations. In a meeting with Apple CEO Tim Cook, Wang blamed the U.S. measures as the main reason for “recent fluctuations in China–U.S. economic …
China says US restrictive measures undermine trade talk atmosphere Read More »
By Wen-Yee Lee, Faith Hung and Ben Blanchard TAIPEI (Reuters) -TSMC, the world’s biggest producer of advanced chips, raised its full-year revenue forecast on Thursday on a bullish outlook for spending on artificial intelligence, after posting a record profit that blew past market estimates. The strong results underscore the continued faith in AI, brushing off …
TSMC raises revenue forecast on bullish outlook for AI megatrend Read More »
By Robert Harvey and Felix Light LONDON (Reuters) -Tencent-backed fintech and e-commerce provider Uzum, Uzbekistan’s most valuable start-up, has added London to its list of possible locations for a stockmarket listing, co-founder Nikolay Seleznev told Reuters. Uzum, which secured $70 million in equity financing led by China’s Tencent and U.S. firm VR Capital in August, …
Tencent-backed Uzbek start-up Uzum considers London listing Read More »
