(Reuters) – Uniqlo parent Fast Retailing Co Ltd said on Wednesday it would raise wages by as much as 40%, in the clearest sign yet that Japan’s rock-bottom salaries may be starting to budge after decades of deflation and cost-cutting. The move by the casual clothing giant may serve as a wake-up call for Japan …
Quotes: Uniqlo owner gives Japan Inc a jolt with 40% wage hike Read More »
By Joyce Lee and Heekyong Yang SEOUL (Reuters) – South Korea’s Hanwha Solutions Corp said on Wednesday its unit Hanwha Q Cells will invest a total of $2.5 billion to build a solar power manufacturing value chain in the U.S. state of Georgia through June 2025. The company’s board approved on Wednesday a $2.31 investment to …
S.Korea’s Hanwha Q Cells to invest $2.5 billion total in U.S. solar manufacturing Read More »
By John McCrank NEW YORK (Reuters) -The dollar was rangebound on Tuesday, hovering around its weakest level in seven months versus the euro and a group of other major currencies, as traders awaited U.S. inflation data later this week to help firm up interest rate hike expectations. The euro was up 0.1% against the greenback …
Dollar treads water near 7-month lows ahead of U.S. inflation data Read More »
By Sinéad Carew and Amanda Cooper NEW YORK, LONDON (Reuters) – The S&P 500 was gaining ground on Tuesday afternoon after a volatile morning while Treasury yields rose as investors waited anxiously for U.S. inflation data due later in the week. The U.S. dollar was little changed versus the euro and othermajor currencies, hovering close …
Stocks rise, bond yields rise with December’s upcoming price data in focus Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices edged slightly higher on Tuesday as the U.S. government forecast record global petroleum consumption next year and as the dollar hovered at seven-month lows. Global consumption of liquid fuels is forecast to reach 102.2 million barrels per day in 2024, driven primarily by growth in countries like India …
Oil edges higher as petroleum demand set to touch record next year Read More »
By Foo Yun Chee BRUSSELS (Reuters) -TikTok Chief Executive Shou Zi Chew on a visit to Brussels on Tuesday sought to reassure the European Union the app would respect the bloc’s increasingly stringent tech rules and commitments to privacy and child safety. The short-video app, which is owned by Chinese technology conglomerate ByteDance, has for …
TikTok CEO seeks to reassure on EU rules on privacy, child safety Read More »
By Lisa Pauline Mattackal (Reuters) – Bitcoin’s looking steady in 2023. But it’s only been a week. Cryptocurrencies have crept into the new year, licking their wounds after the carnage of 2022. The overall global crypto market cap has risen 5% to $871 billion since Jan. 1, but it’s still down over 57% from this …
Cryptoverse: Bitcoin digs in for a bumpy new year Read More »
By David Lawder WASHINGTON (Reuters) -The World Bank slashed its 2023 growth forecasts on Tuesday to levels teetering on the brink of recession for many countries as the impact of central bank rate hikes intensifies, Russia’s war in Ukraine continues, and the world’s major economic engines sputter. The development lender said it expected global GDP …
World Bank warns global economy could tip into recession in 2023 Read More »
SHANGHAI (Reuters) – Dozens of Telsa owners protested at a delivery centre in Shanghai on Tuesday, vowing to raise pressure on the electric car maker after it declined to offer them rebates on price cuts the U.S. firm made last week and that they missed out on. Similar protests by Tesla owners have sprung up …
Protesting Tesla China buyers vow more pressure over price cuts they missed Read More »
(Reuters) – Sri Lanka will call for an expression of interest from investors in a new oil refinery in the southern town of Hambantota, Power Minister Kanchana Wijesekera said on Tuesday. The decision was made by the government’s cabinet, Wijesekera wrote on Twitter. Hambantota is also the site of a Chinese-built port. (Reporting by Shivam …
Sri Lanka to seek investors for Hambantota oil refinery Read More »
